CAIRO: The startup ecosystem in the Middle East and North Africa region saw a flurry of activity as venture investments and acquisitions bloom. Saudi startup Sorbet’s raises funding round from web3 VC AdverseSaudi web3 startup Sorbet raised an investment round from the Kingdom’s recently announced venture capital firm Adverse. Liwwa’s last funding round was in 2022, when it raised $18.5 million in a pre-series B round of equity and debt. The company claims that this round of funding is at a higher valuation than the $37 million series A raised in 2022. Egypt’s proptech Birdnest raises pre-series A roundEgypt-based proptech Birdnest has closed an undisclosed pre-series A funding round for a 20 percent stake in the company, led by Beltone Venture Capital and CI Venture Capital.
