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Sindhu Hariharan - Page 3
Former Features Editor, Entrepreneur Middle East
As a publisher localizing global games in partnership with international partners to make them more culturally relevant for the Arabic market, Tamatem Games wants to utilize the funds to capitalize on the success it has had since its launch in 2014.
Enhance, a UAE-based tech startup that builds marketplace businesses to meet the needs of Middle East and Africa consumers, has closed seed funding of US$1.5 million.
The startup claims to be gaining traction steadily since the time it participated in the Barclays Egypt and Flat6labs-powered 1864 fintech startup accelerator, and it had also won first place in the startups track at the 10th MIT Enterprise Forum Arab Startup Competition held in Bahrain.
Buildrone is essentially a flying robot, armed with a 3D printer, which can spot leaks and fix pipelines from the air in hard to access or hazardous areas.
Elves successfully raised US$2 million in its seed round in December 2017- one that the startup terms as having been "heavily oversubscribed."
Co-founded by entrepreneurs Yousef Wadi, Kanaan Manasrah, and Shadi Al Shalabi in early 2017, Nestrom focuses on "delivering high-end, easy to deploy agricultural software products and solutions," and says that they aspire to "transform all farms into smart farms."
30 tech startups that are part of Batch 22 of 500 Startups' summer 2017 program in San Francisco have announced a ICO called the 22X Fund- a token offering which enables investors to invest in and own up to 10% equity in the group of startups.
Dubai startup eZhire, an app that wants to change the way you rent a car, has raised an undisclosed amount of seed funding in a round led by Jabbar Internet Group.
MAGNiTT, a platform that tracks and reports developments in the MENA entrepreneurship space, starts 2018 by taking a look at the year gone by and how it treated the region's startups.
For countries in the process of transitioning to becoming knowledge-based economies (as many Middle East nations are), it would be safe to say that investing in digital automation and science, technology, engineering, and mathematics (STEM), and breaking down the "geeky" stereotypes associated with these areas will be crucial first steps.
While the size of the current investment remains undisclosed, Justmop reported annualized gross revenue of more than US$10 million and over 25% month-on-month growth in the last six months.
Sihatech plans to use the funds to "improve its offering for the Saudi healthcare sector, expand its team, hire more local developers, and expand its core technology products," aiming to drive the healthcare goals part of the Saudi Vision 2030.
UAE-based One Click Delivery Services, a last-mile logistics tech startup, has raised undisclosed amount of funding from Middle East Venture Partners (MEVP) in its first external investment round.
Entrepreneurship is often considered to be a means to personal wealth creation, but then again, every once in a while, you also come across business propositions that have the potential to be considered national assets.
As an incorruptible digital ledger of economic transactions, blockchain is emerging as a new type of internet innovation that enables distribution of digital information without being copied.