RIYADH: A series of venture capital, funding, acquisition, and leadership announcements marked the post-Eid week across the Middle East and North Africa’s startup and technology ecosystem.
Deals spanned impact investing, telecom-backed venture capital, autonomous logistics, artificial intelligence, and digital consumer services throughout the region.
MENA-focused impact venture capital firm Anara Impact Capital has announced the first close of its debut fund at $48 million, nearing its target fund size of $50 million.
The fund will invest in seed and series A startups across MENA, focusing on companies operating in learning, wellbeing, and climate.
Anara is targeting startups that combine strong commercial potential with measurable social and environmental impact.
