Week 32: Africa and Middle East Top Startup Funding Rounds Led by Moove and Zenity

Startups across Africa and the Middle East raised a combined $522 million this week, based on disclosed funding rounds tracked by Techloy, with investor capital flowing primarily into AI security and healthtech. Three large Israeli AI-security deals accounted for most of the week's funding activity.

The Week's Largest Startup Funding Rounds

Here are the biggest disclosed startup funding rounds across Africa, the Middle East and Israel this week.

1. Moove, $250 million, Mobility fintech / Autonomous vehicles, Nigeria

Moove builds the infrastructure that powers autonomous vehicle fleets, owning and operating vehicles, charging networks and maintenance hubs for partners such as Waymo. Mubadala Investment Company led the Series C, with Woven Capital and Ion Pacific co-leading alongside new and existing investors, valuing the company at $2.1 billion. The funding will support the expansion of its autonomous vehicle business, charging infrastructure and entry into new international markets.

2. Zenity, $125 million, AI security, Israel 

Zenity's platform helps companies secure and govern the AI agents they deploy at work, checking for security risks and making sure those agents follow company policy. Norwest Venture Partners led the Series C, joined by SoftBank Vision Fund 2 and existing backers Intel Capital and DTCP, taking Zenity's total funding to roughly $185 million. The new capital will support the company's continued growth as demand for AI agent security rises.