Startups across Africa and the Middle East raised $203.3 million this week based on disclosed funding rounds tracked by Techloy, with investor capital flowing primarily into PropTech and Fintech. A handful of early-stage 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 and the Middle East.
/1. Property Finder, $170M, PropTech, UAE
Property Finder runs the Middle East’s most-used property portal. Buyers, sellers, and renters across MENA use it to find real estate and connect with agents. Mubadala Investment Company wrote a $75 million check. Another UAE sovereign wealth fund matched it with another $75 million. BECO Capital added $20 million. That pushes total equity raised to nearly $700 million following a $525 million round led by Permira last year.
The capital will be used to deepen engagement in existing markets rather than aggressive geographic expansion. Specifically, funds are allocated to developing a full-scale real estate operating system, improving search functionality, and deploying AI tools to boost agent productivity.
/2. Yakeey, $15M, PropTech, Morocco
Yakeey built a platform that bundles property search, valuation, brokerage, and financing into one workflow. IFC led the Series A. Beltone Venture Capital, Enza Capital, and 212 Founders joined in. The money scales operations and grows Yakeey’s network of 800+ independent agents. Nearly half are women, unusual for Morocco’s traditionally male real estate sector.
/3. PayLater, $10M, Fintech, Qatar
PayLater offers buy-now-pay-later services to Qatari consumers. The seed round just broke Qatar’s record for the largest early-stage deal. Investor names weren’t disclosed, but the capital funds product development and expansion as consumer credit grows across the Gulf.
/4. Enakl, $2.3M, Mobility, Morocco
Enakl runs vehicle-sharing services across Moroccan cities. The funding expands the fleet and builds peer-to-peer sharing tech as urban residents look for cheaper alternatives to car ownership.
/5. Mantas, $1.77M, InsurTech, Saudi Arabia
Mantas is launching cloud outage insurance for businesses that can’t afford downtime. The seed round funds product development and early sales as more Saudi companies shift critical operations to the cloud under Vision 2030.
/6. Yozo.ai, $1.7M, E-commerce/AI, UAE
Yozo.ai automates marketing workflows for e-commerce businesses using AI. The pre-seed money supports product development and customer acquisition across MENA markets where online retail is growing, but marketing automation stays mostly manual.
/7. Declic, $1M, AI/Social, Saudi Arabia
Declic built an AI-powered social platform targeting Saudi Arabia. The seed round funds serve as a platform for development and user growth in a market where social media adoption tops 90% among young people.
/8. Aya Data, $900K, AI, Ghana
Aya Data provides AI training data focused on African languages and contexts. The seed round expands data collection operations. Global AI companies are realizing their models trained exclusively on Western data don’t translate well to African markets.
/9. Juthor, $500K, E-commerce, Saudi Arabia
Juthor operates an e-commerce platform in Saudi Arabia. The pre-seed money supports their platform development and market expansion as Vision 2030 pushes local alternatives to global e-commerce giants.
/10. Rkiza, $133K, Digital Platforms, Morocco
Rkiza develops digital platforms for Moroccan businesses. The pre-seed funds platform expansion and new features for local SMEs moving operations online.
Conclusion
With $203.3 million raised this week, most investor money in Africa and the Middle East went to property technology. Early-stage deals stayed small compared to the bigger growth rounds.
Damilare Odedina
