Gulf startups Almentor, COFE, Qlub snag VC funding; Tamara gets debt from GoldmanCredit: 123RF.comStartup funding activity in the Middle East remained robust this week, shrugging off the dismal sentiment in other regions after the collapse of California-based Silicon Valley Bank. Startups in the region struck funding deals ranging from pre-seed to pre-Series C rounds and debt deals in sectors including fintech, fashion, and food e-commerce. In June 2021, the company raised $6.5 million in a Series B round led by Partech. AdvertisementCOFEKuwait-based online coffee marketplace COFE raised $15 million led by Wa’ed Ventures, the $500-million Saudi-focused VC fund wholly owned by Aramco. BazaaraBazaara, a resale fashion app in the UAE, raised US$230,000 in its pre-seed round from Flat6Labs UAE and angel investors.

Source: The North Africa Journal March 17, 2023 14:31 UTC