- The CTO Show's MEA Tech & Startup Digest
- Posts
- MEA Tech & Startup Digest: Issue #99
MEA Tech & Startup Digest: Issue #99
Mehmet Gonullu
December 29, 2024
Welcome to the 99th edition of “The CTO Show’s MEA Tech & Startup Digest”! 🎉
As we wrap up 2024, we're bringing you the final roundup of major moves in the MENA tech ecosystem. From groundbreaking IPOs to strategic investments and scientific breakthroughs, it's been an exciting year for innovation across the region.
Whether you're one of our 2,267 subscribers or new to our community, we're excited to share these valuable insights into tech, startups, and entrepreneurship.
Grab your coffee and let's unpack what's making headlines!
🌟 Feature Stories: Major Moves
• Saudi Market Milestones
· Nice One beauty e-commerce sets IPO price at SAR 35/share, aims to raise $322M with 139.4x oversubscription 🔗 Read More
· Saudi VC invests SR90B in Jadwa GCC Private Equity Fund 🔗 Read More
· RAED Ventures secures SVC backing for third fund 🔗 Read More
• Regional Fund Launches
· Al Madinah Ventures launches $10M fund to transform the city into innovation hub 🔗 Read More
· MSMEDA invests $3M in Foundation Ventures for Egyptian startups 🔗 Read More
💰 Notable Funding Rounds
• Growth & Innovation
· Saudi's Ynmo raises $5M led by Wa'ed Ventures for edtech platform 🔗 Read More
· Turkey's Hergele Mobility secures $150K for electric mobility 🔗 Read More
· Matriks invests $100K in Turkish startups Counterfake and WearTechClub 🔗 Read More
🌍 Ecosystem Insights
• Investment Trends
· Revenue-based financing gains traction in MENA 🔗 Read More
· Kenya and South Africa lead African private capital investment 🔗 Read More
· Pakistan's Krave Mart receives investment from InDrive 🔗 Read More
🏆 Regional Recognition
• Forbes Middle East VC Leaders
· Egyptian VCs dominate with four entries in top rankings
· Flat6Labs named most active MENA investor with 37 deals
· Beltone VC's portfolio expands to $40M+ 🔗 Read More
🔬 Innovation Spotlight
• Tech Breakthrough
· Northwestern University achieves quantum teleportation over standard internet infrastructure 🔗 Read More
🎙️Episodes Recap:
In this exciting episode of The CTO Show with Mehmet, we welcome back Bart 🙏🏻 Jenezon , Chief Inspirational Officer and co-founder of CASTOMAI. Bart shares his journey of creating CASTOMAI, a cutting-edge platform designed to simplify entrepreneurship through AI-powered tools. We dive into the philosophy behind the Inspiration Canvas, the challenges entrepreneurs face, and how AI is reshaping the startup ecosystem. Whether you’re a seasoned founder or a first-time entrepreneur, this episode is packed with insights to inspire and empower your journey.
In this thought-provoking episode of The CTO Show with Mehmet, we sit down with Rabeeh Abla , an AI pioneer, entrepreneur, and founder of CSP Solutions. Rabeeh shares his incredible journey from teaching algorithms to building AI-driven platforms, offering insights into the evolution of artificial intelligence—from early neural networks to the era of AGI (Artificial General Intelligence). Together, we explore the transformative power of AI in business and society, and what lies ahead in the rapidly advancing field.
🔗 Useful Resouces:
- iAccel Gulf Accelerator: iAccel Gulf Business Incubator (“iAccel GBI”) is a Global Accelerator Network (GAN) certified accelerator that aims to help early-stage tech startups turn their innovative ideas into successful businesses in MENA Region.
Connect & Grow with Us
Share Your Story 🎙️: Got insights in tech, startups, or entrepreneurship? Reach out and let's feature your journey on "The CTO Show With Mehmet."
Support & Collaborate ❤️🤝: Love our content? Support us here and keep the insights coming.
Spread the Word 🌟: Know a tech & startup enthusiast? Invite them to our community for weekly doses of innovation and insight.
Thank You 🙏: Your engagement drives our shared journey forward. Here's to another week of innovation and growth!
Best, Mehmet