> ## Content Index
> Fetch the complete content index at: https://www.techloy.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# INFOGRAPHIC: Startup Funding in Africa and the Middle East — Week 45
- URL: https://www.techloy.com/infographic-startup-funding-in-africa-and-the-middle-east-week-45-2024/
- Published: 2024-11-08T09:55:37.000Z
- Updated: 2024-11-08T09:55:37.000Z
- Description: Here are the venture funding activities we tracked in the Middle East and African region this week – including NorthLadder, Mush Social, Cathedis, Warburg AI, Teradix, and Beacon Power Services.
- Author: David Adubiina
- Tags: / Startups, / Money, Tech in the Middle East, Tech in Africa

- UAE device trade-in platform **NorthLadder** receives $10M Series B fund to expand operations
- Saudi Arabia's social media platform **Mush Social** completes $1.2M pre-seed to enhance growth
- Morocco’s last-mile delivery startup **Cathedis** acquires $713,000 investment for a delivery solution
- UAE AI startup **Warburg AI** gets $250,000 seed funding to boost AI finance services
- Egypt's e-procurement solutions provider **Teradix** secures $140,000 grant to fuel expansion
- Nigeria’s energy tech company **Beacon Power Services** closes undisclosed Series A funding to accelerate growth

### UAE device trade-in platform **NorthLadder** receives $10M Series B fund to expand operations 

NorthLadder, a UAE-based device trade-in platform raised $10 million in Series B funds from stc Group’s tali ventures and Dutch Founders Fund with participation from Crescent Ventures.

For the past 18 months, NorthLadder has established itself as a leading player in the trade-in market, expanding its reach to more than 10 countries.

Launched in 2021 by Mihin Shah and Sandeep Shetty, NorthLadder provides a platform for trading pre-owned electronics, featuring an automated assessment process and home pick-up services to create a secure environment that maximizes user value.

Recently, the company established its European operations in Amsterdam as part of its global expansion goals to foster trade-ins with key partners across Europe.

The new funding will support NorthLadder's global expansion efforts and the development of its advanced trade-in platform.

![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/2024/11/INFOGRAPHIC-Startup-Funding-in-Africa-and-the-Middle-East---Week-45_2024-1.png)