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# INFOGRAPHIC: Startup Funding in Africa and the Middle East — Week 40
- URL: https://www.techloy.com/infographic-startup-funding-in-africa-and-the-middle-east-week-40/
- Published: 2024-10-04T12:22:40.000Z
- Updated: 2024-10-04T12:22:40.000Z
- Description: Here are the venture funding activities we tracked in the Middle East and African region this week – including Qodo, Air Doctor, Al Menu, Podeo, Winich Farms, Yellow Malawi, Bazzar Gate, and Tespire.
- Author: David Adubiina
- Tags: / Startups, / Money, Tech in the Middle East, Tech in Africa

- Israeli AI software startup **Qodo** closes $40M Series A investment to expand and service larger customers
- Israel travel health startup **Air Doctor** closes $20M in Series B funding to expand global healthcare service
- UAE F&B SaaS provider **Al Menu** secures $10M in funding to expand operations
- Saudi Arabian podcast distribution platform **Podeo** banks $5.4M Series A fund to expand operations
- Nigerian agritech company **Winich Farms** raises $3M Pre-Series A fund to optimize food production and distribution
- Malawi's off-grid solar distribution company **Yellow Malawi** lands $2M investment to provide energy
- Kuwait’s e-commerce startup **Bazzar Gate** garners $1M funding to scale Partners platform
- Nigerian ed-tech startup **Tespire** secures pre-seed funding to revolutionize Nigerian education

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### Israeli AI software startup Qodo closes $40M Series A investment to expand and service larger customers

Tel Aviv-based AI software company Qodo secured a $40 million Series A round fund from Susa Ventures and Square Peg with participation from Firestreak Ventures, ICON Continuity Fund, and Seed investors TLV Partners and Vine Ventures, bringing its total funding to US$50 million. 

While the company has yet to disclose its current valuation, it has attracted the attention of over a million developers since its launch.

Founded in 2022 as CodiumAI Ltd., by Dedy Kredo and Itamar Friedman, Qodo provides a platform to assist developers in intelligent code generation, testing, reviews, and documentation.

Besides its operations in Israel, the company has expanded into the US and the Netherlands, generating US$1 million in annual recurring revenue following the launch of its software.

This new capital will allow Qodo to develop its platform and improve code integrity and reliability.

![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/2024/10/MIDDLE-EAST---AFRICA-1.png)