Startup Ecosystem News | December 2019

Dtec news, startup ecosystem news, mena startups, mena tech news, fetchr, uae startups, dtec award, jada fund, dokkan afkar, hub71, trukker, talabat, mawdoo3, Telr, Witwork, Rotana Hotels, coworking, accelerator, incubator, 500 startups,, mohammad alabbar, BRINC Mena, Misk innovation, Magnitt, Magnitt news, Astrolabs, CODED, Clix, Beyond Capital, The Falcon Network, Dtec Ventures news, Dentacards, Jumpadvisor, HyperPay

As we say Thank You to 2019 and Welcome 2020, here’s a look at December 2019, capping off a year of accelerated number of deals, interesting startup stories and ever developing regional tech startup ecosystem.



  • Dokkan Afkar (retail ecommerce, KSA) – $5.06 million, Series B, led by BIAC incl. Riyad TAQNIA, SVC and others
  • Carzaty (automotive e-commerce, Oman) – $4 million, undisclosed round, from IDO Investments
  • Nejree (retail ecommerce, KSA) – $4 million, Pre-Seed, led by AlKhaila Investment Co, & Teejan Technologies Co.
  • Floranow (B2B floral marketplace, UAE) – $3 million, Series A, co-led by Wamda & Global Ventures
  • Sadeem (Greentech SaaS, KSA) – $2.6 million, undisclosed round, from KAUST and Saudi Aramco’s Wa’ed Ventures
  • Sabbar (jobs marketplace, KSA) – $1.5 million, Seed, led by Venture Souq, backed by 500 Startups, Derayah VC et al
  • DentaCarts (dental marketplace, Egypt) – $450K, seed round, from AUC Angels, 500 Startups and others
  • JumpAdvisor (booking platform, UAE) – $400K, Seed, from undisclosed angel investors
  • (eyewear marketplace, UAE) – $350,000, undisclosed round & investors
  • Doctori (telemedicine, Bahrain) – $100K, Pre-Seed, from Flat6Labs and private investors
  • Flexxpay (fintech, UAE) – undisclosed amount & round, from Wamda Capital
  • HyperPay (fintech, KSA) – undisclosed amount & round, from Mad’a Investment Company, MEVP, et al


  • According to Magnitt’s November 2019 Dashboard, 35 deals took place in November 2019, an increase of 192% compared to the same month last year. With this increase, the year has already surpassed last year by number of deals.
  • There was a 62% drop in total funding compared to November 2018, with $66M being invested in those 35 deals
  • UAE accounts for biggest share of total funding; Egypt ranks first in terms of number of deals.
  • 500 Startups has so far invested in a total of 37 Egyptian startups, making 30% of its MENA portfolio
  • FinTech leads with highest number of deals (7 in November), bringing the total of 68 YTD


  • Corporate VC BeyondCapital (Jordan) launches its Angel Investor Network to facilitate syndicated deals in early-stage ventures
  • Dubai-based angel investor group, The Falcon Network, launches its 2nd round of funding for startups in the MENASAT market. They are looking to fund startups between $10,000-$500,000 for equity stakes up to a maximum of 25%


  • Abu-Dhabi headquartered truck aggregator Trukker launches in Egypt. It now services more than 250 businesses, operates approximately 18,000 trucks, and carries out an estimated 1,000 daily transactions
  • Talabat expands into dark stores (virtual or delivery-only stores), launches 15-minute grocery delivery service in Kuwait. The company also has plans to expand into dark kitchens (virtual restaurants) across some of its markets in the Middle East & North Africa within the next few months
  • Careem Bus expands to Pakistan with its (pilot) launch in Karachi
  • Online Arabic content platform acquires Egyptian motherhood website SuperMama for an undisclosed amount
  • Telr closes latest round of funding from 3 existing investors and appoints Khalil Alami (ex-International Cards Company) as new CEO


  • Coworking space community Witwork, adds Rotana Hotels to its network of coworking spaces
  • Tech startup ecosystem Hub71 partners with Endeavor to support Hub71 entrepreneurs with the latter’s global network of mentors and business experts


  • Brinc MENA IoT Accelerator Program hosts its 4th Demo Day, with 5 startups in its cohort.
  • 500 Startups and Misk Innovation hosts its Demo Day for their 2nd cohort with a total of 18 startups
  • Dubai SME approves first business incubator for schools at GEMS Modern Academy, Nad Al Sheba
  • Dubai SME launches business incubator Bedayat, aimed towards innovations in the fields of food tech, energy, water, building materials, transportation & waste treatment
  • startAD partners with ADNEC to further support launch & showcase of the accelerator’s incubated technology ventures
  • Astrolabs graduates 17 startups from its “Forward KSA” accelerator program


  • CLIX (Climate Innovations Exchange), Abu Dhabi – 13-16 Jan
  • CODED Bootcamp, Jordan – 04 Feb to 07 May
  • Middle East Youth Expo, Abu Dhabi – 03-05 Feb
  • STEP Conference, Dubai – 11-12 Feb
  • Volkswagent Mobility Challenge, Dubai – 12 Feb


  • Deadline to apply: Dubai Future Accelerators Cohort 7 – 15 Jan
  • Deadline to apply: CODED Bootcamp, Jordan – 19 Jan