Egypt came in the third place among other countries in the Middle East and North Africa (MENA) in terms of startups securing investments during November, according to a December 10th report by Wamda.
Egyptian startups have raised $6.6 million (EGP 103.70 million) through nine transactions, out of total $37 million (EGP 581.35 million) invested in all MENA startups last month, the data indicate.
The Egypt-based enterprises included Argineering, which reportedly raised $200,000 (EGP 3.14 million) through crowdfunding, according to the report.
The UAE and Saudi Arabia came ahead of Egypt with $16.5 million (EGP 259.25 million) and $8.7 million (EGP 136.70 million) of investments, respectively, Wamda added.
Read More: https://www.arabfinance.com/en/news/details/egypt-economy/530560
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