Early-stage funding rounds dominated funding activity in the Middle East and North Africa region this week, with a slew of startups raising seed and pre-seed capital. The startups include Saudi Arabia-based fintech Orbii, Saudi Arabia-headquartered pharmaceutical e-commerce platform DawaDose, Saudi contech startup Fitting, Abu Dhabi-based AI fintech startup Metric, and Saudi-headquartered healthtech 21Doctors.
Dubai-based proptech platform PRYPCO raised a pre-Series A round to scale up its operations.
In credit transactions, Abu Dhabi-based fintech CredibleX, which offers tailored financial services for SMEs’ operations, secured a $100 million (around Rs 882.6 crore) senior secured credit facility from the British investment firm Pollen Street Capital to accelerate operational growth and expand its service offerings. The startup had raised $55 million in seed funding comprising both equity and debt last December from Abu Dhabi-headquartered Further Ventures for equity, and Kilgour Williams Capital, and Berkley Square Finance for debt.
Meanwhile, Tunisian VC firm 216 Capital partnered with Silicon Valley’s global innovation platform Plug and Play to launch the 216 Capital Venture Accelerator. It plans to support up to 20 Tunisian startups.
Orbii raised $3.6 million (around Rs 31.7 crore) in a seed round led by Prosus Ventures, with participation from VentureSouq, DASH Ventures, Taz Investment, and Sanabil 500.
Founded in 2024 by Nauman Ali, Guillaume Kieffer, and Nasara Mughal, Orbii is an embedded credit infrastructure platform that enables banks, fintechs, and B2B platforms to launch SME lending products.
Orbii aims to expand its presence in Saudi Arabia and the UAE and strengthen its engineering and data science teams.
Pharmaceutical e-commerce platform DawaDose raised a pre-seed funding round from angel investors for an undisclosed amount.
Founded in 2019 by Rushdi Abdalghani and Osama Almabroum in Jordan, DawaDose connects pharmacies, wholesalers, and consumers through its B2B and B2C e-commerce platform.
It plans to use the funding to accelerate the development of its Arabic-first AI-driven digital tools, strengthen its partnerships with local pharmacies and distributors, and prepare for regional expansion.
Fitting, a construction tech startup, raised $500,000 (around Rs 4.4 crore) in a pre-seed round led by an unidentified investor.
Founded in 2024 by Ahmed Rian and Abdulaziz Almubayad, the platform connects wholesale suppliers, retailers, and developers and digitizes the procurement of building materials.
It plans to use the funding towards tech infrastructure upgrades, team expansion, and strategic partnerships.
AI fintech startup Metric raised early-stage funding of an undisclosed amount, in a round led by A-Typical Ventures and others, to scale up the business. The round also saw participation from investors such as 500 Global, Hub71, i2i Ventures, Plus VC, Epic Angels, Oqal Angels, Accelerate Prosperity, and other strategic angel investors from the region.
Founded in 2022 by Meenah Tariq, Omar Parvez Khan, and the company’s CTO Habiba, Metric provides small and medium‑sized businesses with real‑time financial intelligence. Metric’s flagship product Max serves as a conversational “business co‑pilot,” delivering actionable insights by analyzing financial data and guiding users with data‑driven recommendations.
21Doctors, a Jordan-founded and Saudi Arabia-headquartered healthtech startup, raised a pre-seed funding round of an undisclosed amount from angel investors.
Founded in 2022 by Osama Almabroum and Rania Abu Taleb, 21Doctors is building a digital-first healthcare platform focused on scalable, intelligent AI tools tailored for the Arab world.
The startup plans to use the fresh capital to further expand its technology and partnerships across the Gulf.
PRYPCO
UAE-based proptech platform PRYPCO has raised a pre-Series A round of an undisclosed value led by General Catalyst.
Founded in 2022 by Amira Sajwani, PRYPCO facilitates owning real estate through its five vertical offers: PRYPCO Blocks, PRYPCO Mortgage, PRYPCO Exclusives, PRYPCO Mint, and PRYPCO Golden Visa. It aims to utilize the investment to scale growth and expand organically.
The platform claims to have onboarded more than 50,000 users through PRYPCO Blocks (fractional ownership) and PRYPCO Mint (tokenised investments).
In October last year, PRYPCO had secured $10 million (around Rs 88 crore) in seed funding, led by Shorooq and Apparel Group, to propel its expansion plans.
It aims to use the fresh funding to expand offerings, deepen regulatory collaboration, and continue scaling across MENA.
