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1. TRACXN MONTHLY REPORT
FEBRUARY 2022
MENA TECH

2. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
2
MENA Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 13
Top Funded Business Models - last 1 year 15
New Analyst Picks 16
IPOs 21
Acquisitions 22
Recent News 23

3. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
MENA Tech Snapshot – February 2022
MENA Tech: Snapshot – February 2022
Note : "Investors" refers to "Institutional Investors" only
3
$1.1B
36 1
Overall Geo Stats
20
10
176
45
65
Funding Rounds $ Invested Analyst Picks
CHEQ Upgraded to
UNICORN
New Investors
Liechtenstein Group
Mentors Fund
Series A+ rounds Active Investors IPOs
Maris
Acquisitions
OCTAL
Viora
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Tel Aviv
(17 Rounds, $549M)
Riyadh
(8 Rounds, $106M)
Dubai
(7 Rounds, $35.7M)
Cairo
(6 Rounds, $58.5M)
$150M - Series C
CHEQ (2014, Tel Aviv, $183M)
$100M - Series D
WSC Sports Technologies (2008, Ramat
Gan, $136M)
$66M - Series C
Pecan (2016, Tel Aviv, $118M)
$60M - Series D
Gauzy (2009, Tel Aviv, $81.4M)
Tiger Global Management
(4 Investments)
Shorooq Partners
(4 Investments)
Insight Partners
(3 Investments)
TLV Partners
(3 Investments)
Cybersecurity
CHEQ
MarketingTech
Sports Tech
WSC Sports Technologies
AI Infrastructure
Pecan
Market Size
Companies Covered 24,038
Funded Companies 5,580
Total Funding $60.5B
Funding in last 12 months $17.2B
Top Exits
IPOs 167
Acquisitions 799
Company Stage
Unicorns 39
Soonicorns 182
Minicorns 502
Editor Picks 2,188
Series A+ 1,515
Series C+ 366
Acqui-Hires 14
Deadpooled 2,720
Top Cities
Tel Aviv (2,004 Rounds, $24.3B)
Dubai (499 Rounds, $4.5B)
Top Investors
Flat6Labs (93 Investments)
500 Global (90 Investments)

4. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of MENA Tech as of February 2022
MENA Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (February 2022)*
CHEQ
(2014, Tel Aviv, $183M)
$150M - Series C Tiger Global Management
WSC Sports Technologies
(2008, Ramat Gan, $136M)
$100M - Series D ION
Pecan
(2016, Tel Aviv, $118M)
$66.0M - Series C Insight Partners
Gauzy
(2009, Tel Aviv, $81.3M)
$60.0M - Series D IBEX Global
Torii
(2017, Raanana, $65.0M)
$50.0M - Series B Tiger Global Management
Nana Direct
(2016, Riyadh, $80.0M)
$50.0M - Series C FIM Partners
Scopio Labs
(2014, Tel Aviv, $84.0M)
$50.0M - Series C OurCrowd
TruKKer
(2016, Abu Dhabi, $73.1M)
$46.0M - Series B ADQ
Classiq
(2020, Tel Aviv, $47.5M)
$33.0M - Series B Hewlett Packard Enterprise
Retailo
(2020, Riyadh, $38.0M)
$29.0M - Series A Graphene Ventures
AgriTask
(2008, Holon, $40.5M)
$26.0M - Series B Liechtenstein Group
*Shows only the lead Investors

5. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (1/8)
List of Funding Rounds in MENA Tech in February 2022
MENA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$21.5M - Series D
Swvl (2017, Cairo, $122.0M)
App-based platform for shuttle services
EBRD
LATE STAGE
$50.0M - Series C
Scopio Labs (2014, Tel Aviv, $84.0M)
Provider of computational imaging-based digital
microscopes & image analysis tools
OurCrowd, Ilex Medical, OTV, Aurum Ventures, , and 2
more
LATE STAGE
$50.0M - Series C
Nana Direct (2016, Riyadh, $80.0M)
Online marketplace for grocery products
FIM Partners, STV, Sunbulah Group, , Faith Capital
Holding, and 3 more
LATE STAGE
$60.0M - Series D
Gauzy (2009, Tel Aviv, $81.3M)
Developer of glass with varying opaqueness
IBEX Global, Walleye, OTV, BlueRed Partners, Waarde
Capital, and 1 more
LATE STAGE
$66.0M - Series C
Pecan (2016, Tel Aviv, $117.5M)
AI-based predictive intelligence platform
Insight Partners, Dell Technologies Capital, GV, S
Capital VC, Mindset Ventures, and 2 more
LATE STAGE
$100.0M - Series D
WSC Sports Technologies (2008, Ramat Gan,
$136.0M)
Automated video highlight creating technology
ION, Intel Capital, O.G. Tech, Detroit Venture Partners
LATE STAGE
$150.0M - Series C
CHEQ (2014, Tel Aviv, $183.0M)
AI based go to market security solutions
Tiger Global Management, Battery Ventures, Hanaco
Ventures Capital, Key1 Capital, Phoenix Insurance
Group
EARLY STAGE
$1.5M - Series A
Juno Journey (2017, Herzliya, $24.0M)
AI-based learning management platform
Info Edge
EARLY STAGE
$4.0M - Series A
CVAid (2018, Tel Aviv, $4.0M)
Provider of system for early diagnosis of strokes
Philips, Samara Capital

6. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (2/8)
List of Funding Rounds in MENA Tech in February 2022
MENA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
EARLY STAGE
$5.0M - Series B
Udrive (2016, Dubai, $17.3M)
App-based self-drive car-rental platform
Cultiv8, OHI
EARLY STAGE
$5.0M - Series A
Onebeat (2003, Petah Tikva, $5.0M)
Provider of AI-based automated inventory optimization
for offline businesses
AnD Ventures, Surround Ventures, Calcalist
EARLY STAGE
$6.0M - Series A
CogniFiber (2016, Tel Aviv, $6.0M)
Manufacturer of AI-powered in-fibre optical computing
hardware
Chartered Group
EARLY STAGE
$7.0M - Series A
Yalla Fel Sekka (2019, Cairo, $9.5M)
Offers a web-based B2B delivery service platform
DisruptAD, I Squared Capital, Flybridge Capital Partners
EARLY STAGE
$9.0M - Series A
Wasla Browser (2018, Cairo, $10.2M)
Provider of a web browser for Android devices
CONTACT
EARLY STAGE
$10.0M - Series A
Mozn (2014, Riyadh, $10.0M)
Business intelligence platform
Raed Ventures, Sukna Ventures, Shorooq Partners,
Venture Souq
EARLY STAGE
$10.0M - Series A
Viisights (2014, Tel Aviv, $21.2M)
AI based video analytics solution provider
HIVE 2040, Migdal Group, Firstime
EARLY STAGE
$10.0M - Series A
Mozn (2017, Riyadh, $10.0M)
Artificial intelligence based platform offering decision
support software
Raed Ventures, Sukna Ventures, Shorooq Partners,
Venture Souq
EARLY STAGE
$11.0M - Series A
Pyypl (2017, Abu Dhabi, $11.0M)
App-based card-linked wallet for consumers

7. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (3/8)
List of Funding Rounds in MENA Tech in February 2022
MENA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
7
EARLY STAGE
$15.0M - Series A
Qwak (2004, Tel Aviv, $19.0M)
Provider of end to end machine learning platform
Leaders Fund, StageOne Ventures, Amiti, Rani
Wellingstein, Eugene Miropolski, and 2 more
EARLY STAGE
$20.0M - Series A
deepdub (2019, Tel Aviv, $26.0M)
AI-enabled localization solution for entertainment
content
Insight Partners, BOOSTER Ventures, Stardom
Ventures, Swift Ventures, Emiliano Calemzuk, and 5
more
EARLY STAGE
$20.0M - Series B
Prisma Photonics (2017, Tel Aviv, $30.0M)
Provider of optical fibre sensors for monitoring
infrastructures
Insight Partners, Schneider Electric, Future Energy
Ventures Management
EARLY STAGE
$20.0M - Series B
Nerhadou (1996, Giza, $20.0M)
Developer of nutritional supplements and oral drug
delivery strips
Affirma Capital, StonePine Capital Partners
EARLY STAGE
$20.0M - Series A
Hubpay (2019, Dubai, $20.4M)
Online cross-border remittance platform for individuals
Signal Peak, Emkan Capital, Aditum, Olive Tree Capital,
Stormbreaker Ventures, and 1 more
EARLY STAGE
$20.0M - Series A
thndr (2020, Cairo, $22.0M)
App-based platform for trading stocks
Tiger Global Management, BECO Capital, Prosus, The
Raba Partnership, Jimco, and 4 more
EARLY STAGE
$24.0M - Series A
Vicarius (2016, Tel Aviv, $29.0M)
Proxy-based isolation for malware attack prevention
on the endpoints
AllegisCyber Capital, JVP, AlleyCorp
EARLY STAGE
$25.0M - Series A
Aporia (2020, Tel Aviv, $30.0M)
Provider of a platform for monitoring machine learning
models
Tiger Global Management, TLV Partners, Vertex
Ventures, Samsung NEXT

8. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (4/8)
List of Funding Rounds in MENA Tech in February 2022
MENA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
8
EARLY STAGE
$25.0M - Series A
Anecdotes (2020, Tel Aviv, $30.0M)
Provider of a platform offering solutions for cloud
compliance
Red Dot Capital Partners, Aleph Venture Capital, Shasta
Ventures, Vintage Investment Partners, Glilot Capital
Partners
EARLY STAGE
$25.0M - Series B
Sidelines (2018, Tel Aviv, $25.0M)
Provider of online platform for betting tips and analytic
information
NFX, MoreTech
EARLY STAGE
$26.0M - Series B
AgriTask (2008, Holon, $40.5M)
Provider of a software platform for precision decision
support and field management
Liechtenstein Group, Smart Agro, InsuResilience
Investment Fund, Bridges Israel
EARLY STAGE
$29.0M - Series A
Retailo (2020, Riyadh, $38.0M)
Online regional b2b marketplace offering groceries for
SME retailers
Graphene Ventures, Lyft, Abercross, 500 Global, AGH,
and 6 more
EARLY STAGE
$33.0M - Series B
Classiq (2020, Tel Aviv, $47.5M)
Provider of a quantum software development platform
Samsung, Hewlett Packard Enterprise
EARLY STAGE
$46.0M - Series B
TruKKer (2016, Abu Dhabi, $73.1M)
Provider of app-based truck booking services
ADQ, STV, Shorooq Partners, Riyad TAQNIA Fund,
Mubadala
EARLY STAGE
$50.0M - Series B
Torii (2017, Raanana, $65.0M)
Platform to manage SaaS applications of an enterprise
Tiger Global Management, Entree Capital, Wing
Venture Capital, Scopus Ventures, Uncork Capital, and
1 more
EARLY STAGE
Series B
elmenus (2011, Maadi, $19.5M)
Online food ordering and delivery platform
Careem

9. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (5/8)
List of Funding Rounds in MENA Tech in February 2022
MENA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
9
EARLY STAGE
Series B
Innovopro (2016, Ramat Gan, $22.3M)
Platform offering plant-based protein ingredients
Ingredion
EARLY STAGE
Series A
NymCard (2016, Abu Dhabi, $12.0M)
Issuer processing solutions for businesses
Mashreq Bank
SEED STAGE
$120.0K - Seed
Mrayti (2016, Amman, $120.0K)
Provider of on-demand beauty services for women
Innovative Startups & SMES Fund
SEED STAGE
$372.0K - Seed
WafR (2019, Casablanca, $372.0K)
Platform offering loyalty solution for offline businesses
SEED STAGE
$400.0K - Seed
Kader (2018, Amman, $400.0K)
Online job board for restaurants and hotel jobs
Innovative Startups & SMES Fund, Village Capital
SEED STAGE
$500.0K - Seed
Lumofy (2020, Manama, $500.0K)
Cloud-based platform for adaptive learning
Hope Ventures, , Abdulrahman Al Jiffry, Yaser Alghamdi
SEED STAGE
$696.0K - Seed
AVIDEA (2017, Tunis, $696.0K)
Insurance claims management solutions for the auto
insurance industry
Capsa Capital Partners, 216 Capital
SEED STAGE
$1.0M - Seed
Askwho (2020, Dubai, $1.0M)
Social aggregation platform
SEED STAGE
$1.0M - Seed
One Order (2022, Cairo, $1.0M)
Platform offering multi-category grocery for restaurant
businesses
A15
SEED STAGE
$1.0M - Seed
Zywa (2020, Dubai, $1.0M)
Digital bank for teenagers
SEED STAGE
$1.2M - Seed
Verto (2018, Tel Aviv, $1.2M)
Provider of 3D customization solutions for fashion
retailers
Chaim Chizik

10. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (6/8)
List of Funding Rounds in MENA Tech in February 2022
MENA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
10
SEED STAGE
$1.5M - Seed
Nabta Health (2017, Dubai, $1.5M)
App for tracking menstrual cycles
Basim Anwer, Priya Oberoi, Sarper Tanli, Nadia
Mannell
SEED STAGE
$2.2M - Seed
Yalla!Market (2021, Dubai, $5.0M)
Online platform offering multi-category grocery
supplies
Doha Tech Angels, Flyer One, Angelsdeck
SEED STAGE
$2.5M - Seed
Visionary.ai (2021, Tel Aviv-Yafo, $7.0M)
Provider of an AI-enabled image recognition solution
for various industries
Ibex Investors, Capital Point, Spring Ventures
SEED STAGE
$3.1M - Seed
RedBox (2019, Riyadh, $3.1M)
Provider of smart lockers access points for receiving
parcels
Vision Ventures, RAF
SEED STAGE
$4.0M - Seed
BARQ Fleet (2019, Beirut, $4.0M)
Provider of AI & SaaS-enabled end-to-end delivery
management solutions
Oman Tech Fund, Oryx Fund, , Saudi Venture Capital
Company
SEED STAGE
$4.0M - Seed
BARQ (2020, Riyadh, $4.0M)
Provider of AI & SaaS-enabled delivery management
solutions
Oman Tech Fund, Oryx Fund, Sultan Holdings, Saudi
Venture Capital Company
SEED STAGE
$5.0M - Seed
Milezmore (2021, Maadi, $5.0M)
Provider of cloud-based e-commerce fulfillment
solutions
Brimore
SEED STAGE
$5.0M - Seed
Kenbi (2021, Herzelia, $5.0M)
Payment enabling solutions for card issuers and
merchants
TLV Partners, Entree Capital, R-Squared Ventures, Izba
SEED STAGE
$5.0M - Seed
Colexion (2021, Dubai, $13.0M)
Provider of a licensed NFT marketplace for sports and
entertainment
Maven Capital, Jump Trading, Good Games Guild,
Hyperedge Capital, GSR, and 9 more

11. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (7/8)
List of Funding Rounds in MENA Tech in February 2022
MENA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
11
SEED STAGE
$5.0M - Seed
Nawy (2004, , $5.0M)
Online listing platform to buy, sell or rent residential
and commercial properties
SEED STAGE
$6.0M - Seed
Permit.io (2020, Beit Dagan, $6.0M)
Cloud based permissions and access control solutions
for applications
NFX, Rainfall Ventures, Amir Jerbi, Danny Grander, Idan
Tendler, and 3 more
SEED STAGE
$6.0M - Seed
PrettyDamnQuick™ (2020, Jerusalem, $6.0M)
Offers end-to-end delivery service platform
TLV Partners, Ground Up, Verissimo Ventures
SEED STAGE
$6.0M - Seed
Canonic (2020, , $6.0M)
Cloud based application security solution provider
First Round Capital, Elron Ventures, SV Angel, Operator
Partners
SEED STAGE
$12.0M - Seed
Vee (2019, Ramat Gan, $12.0M)
Cloud-based platform for volunteer management
State of Mind Ventures, Viola Group, Oryzn Capital,
Vertex Ventures Israel, Eynat Guez, and 4 more
SEED STAGE
$15.0M - Seed
Astrix (2021, Tel Aviv, $15.0M)
Cloud-based suite solutions for digital transaction
management
Bessemer Venture Partners, F2 Capital, Venrock
SEED STAGE
Seed
FreshSource (2018, Cairo)
Online B2B platform for horticulture products
Wamda, 4DX Ventures
SEED STAGE
Seed
SiFi (2021, Riyadh)
Expense management and payment cards for
businesses
Khwarizmi Ventures, Breyer Capital
SEED STAGE
Seed
Olive Diagnostics (2019, Jerusalem)
Digital disease diagnosis tool for providers
Texas Medical Technology
SEED STAGE
Seed
Elkaso (2021, Abu Dhabi, $2.1M)
Platform offering order management tool for
restaurants and suppliers
Y Combinator

12. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (8/8)
List of Funding Rounds in MENA Tech in February 2022
MENA Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
12
SEED STAGE
Seed
Yelo (2000, Riyadh)
App that provides a station-based car rental platform
Majd

13. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (1/2)
List of New Investors in MENA Tech in February 2022
MENA Tech: List of New Investors
13
Investor Company Info Round Amount Round Name
Liechtenstein Group
2 portfolio companies | Developer of solar and wind energy projects
AgriTask
Provider of a software platform for precision decision support and field
management
$26.00M Series B
Mentors Fund
14 portfolio companies | VC firm investing in seed stage companies in
geographies such as the US
Retailo
Online regional b2b marketplace offering groceries for SME retailers
$29.00M Series A
Info Edge
67 portfolio companies | Multi-group company operating across diversified
sectors
Juno Journey
AI-based learning management platform
$1.49M Series A
Calcalist
1 portfolio companies | Newspaper in Israel
Onebeat
Provider of AI-based automated inventory optimization for offline
businesses
$5.00M Series A
Jahez
1 portfolio companies | Online platform for food discovery and ordering
Nana Direct
Online marketplace for grocery products
$50.00M Series C
MoreTech
1 portfolio companies | Welcome to MoreTech, Inc.
Sidelines
Provider of online platform for betting tips and analytic information
$25.00M Series B
Ingredion
1 portfolio companies | Provider of ingredients to the food, beverage, brewing,
and pharmaceutical industries
Innovopro
Platform offering plant-based protein ingredients
Undisclosed Series B
Verissimo Ventures
7 portfolio companies | Venture capital firm investing in early stage startups
PrettyDamnQuick™
Offers end-to-end delivery service platform
$6.00M Seed
The Raba Partnership
16 portfolio companies | Venture capital firm investing in tech sectors
thndr
App-based platform for trading stocks
$20.00M Series A
BOOSTER Ventures
1 portfolio companies | Provider of IT consulting services
deepdub
AI-enabled localization solution for entertainment content
$20.00M Series A

14. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (2/2)
List of New Investors in MENA Tech in February 2022
MENA Tech: List of New Investors
14
Investor Company Info Round Amount Round Name
Jump Trading
5 portfolio companies | Proprietary trading firm
Colexion
Provider of a licensed NFT marketplace for sports and entertainment
$5.00M Seed
Angelsdeck
14 portfolio companies | Venture capital firm focused on angel investments
Yalla!Market
Online platform offering multi-category grocery supplies
$2.20M Seed
Hyperedge Capital
4 portfolio companies | Venture capital-backed accelerator focused on the
blockchain sector
Colexion
Provider of a licensed NFT marketplace for sports and entertainment
$5.00M Seed
Good Games Guild
6 portfolio companies | Online marketplace for NFT gaming community
Colexion
Provider of a licensed NFT marketplace for sports and entertainment
$5.00M Seed
oiginvest.com
9 portfolio companies | Provider of blockchain investment services
Colexion
Provider of a licensed NFT marketplace for sports and entertainment
$5.00M Seed
Key1 Capital
1 portfolio companies | Venture capital fund focused on technology startups
CHEQ
AI based go to market security solutions
$150M Series C
OHI
1 portfolio companies | OHI | The Power Of Partnerships
Udrive
App-based self-drive car-rental platform
$5.00M Series B
Majd
1 portfolio companies | Provider of investment and wealth management
services
Yelo
App that provides a station-based car rental platform
Undisclosed Seed
Titans
15 portfolio companies | Provider of blockchain development services
Colexion
Provider of a licensed NFT marketplace for sports and entertainment
$5.00M Seed
GAINS Associates
7 portfolio companies | Provider of Blockchain focused events and insights
Colexion
Provider of a licensed NFT marketplace for sports and entertainment
$5.00M Seed

15. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
15
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲8 Cloud Infrastructure Security $1.1B 7 Orca Security | $340M | Series C
2 ▲8 Cloud Security $1.1B 9 Orca Security | $340M | Series C
3 ▲58 Blockchain Security $993M 3 Fireblocks | $550M | Series E
4 -- IoT Security for Networks $553M 3 Claroty | $400M | Series E
5 ▲60 Lab Grown Meat Substitutes $452M 3 Future Meat T.. | $347M | Series B
6 -- Managed Cloud Kitchens $415M 1 Kitopi | $415M | Series C
7 -- Endpoint Security $356M 3 Cybereason | $275M | Series F
8 ▲5 HRMS for Enterprises $350M 3 Papaya Global | $250M | Series D
9 ▲5 Payroll Management Solutions $350M 2 Papaya Global | $250M | Series D
10 ▲285 Internet First Retail Banks with Partner Bank's License $345M 6 TSLC | $200M | Series B

16. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (1/5)
Interesting Companies identified by Analysts in MENA Tech in February 2022
MENA Tech: Analyst Picks
16
Upgraded to UNICORN
CHEQ (2014, Tel Aviv, $5.0M, Series A)
AI based go to market security solutions
Tiger Global Management, Battery Ventures, Hanaco
Ventures Capital and 4 other Investors
Upgraded to SOONICORN
Connecteam (2016, Tel Aviv, $37.0M, Series B)
Employee engagement application for organizations
Stripes, Insight Partners, Tiger Global Management and
5 other Investors
Upgraded to SOONICORN
Scopio Labs (2014, Tel Aviv, $7.0M, Series A)
Provider of computational imaging-based digital
microscopes & image analysis tools
OurCrowd, Ilex Medical, Aurum Ventures and 8 other
Investors
Upgraded to MINICORN
Retailo (2020, Riyadh, $2.3M, Seed)
Online regional b2b marketplace offering groceries for
SME retailers
Graphene Ventures, Lyft, 500 Global and 14 other
Investors
Upgraded to MINICORN
Pyypl (2017, Abu Dhabi, $11.0M, Series A)
App-based card-linked wallet for consumers
Hub71,Global Venturesand
Upgraded to MINICORN
thndr (2020, Cairo, $150K, Seed)
App-based platform for trading stocks
Tiger Global Management, BECO Capital, Jimco and 11
other Investors
Upgraded to MINICORN
Hubpay (2019, Dubai, Undisclosed, Seed)
Online cross-border remittance platform for individuals
Signal Peak, Olive Tree Capital, BECO Capital and 6
other Investors

17. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (2/5)
Interesting Companies identified by Analysts in MENA Tech in February 2022
MENA Tech: Analyst Picks
17
Upgraded to MINICORN
Viisights (2014, Tel Aviv, $1.2M, Seed)
AI based video analytics solution provider
HIVE 2040, Migdal Group, Firstime and 6 other
Investors
Upgraded to MINICORN
Wasla Browser (2018, Cairo, $180K, Angel)
Provider of a web browser for Android devices
CONTACT, Egypt Ventures, Ebtikar and 3 other
Investors
Upgraded to MINICORN
deepdub (2019, Tel Aviv, $20.0M, Series A)
AI-enabled localization solution for entertainment
content
Insight Partners, BOOSTER Ventures, Stardom Ventures
and 7 other Investors
Upgraded to MINICORN
Prisma Photonics (2017, Tel Aviv, $20.0M, Series B)
Provider of optical fibre sensors for monitoring
infrastructures
Insight Partners, Schneider Electric, Future Energy
Ventures Management and 3 other Investors
Upgraded to MINICORN
Kenbi (2021, Herzelia, $5.0M, Seed)
Payment enabling solutions for card issuers and
merchants
TLV Partners, Entree Capital, R-Squared Ventures and 1
other Investors
Upgraded to MINICORN
Yalla Fel Sekka (2019, Cairo, $7.0M, Series A)
Offers a web-based B2B delivery service platform
Flybridge Capital Partners, I Squared Capital, DisruptAD
and 1 other Investors
Upgraded to MINICORN
Mozn (2017, Riyadh, $10.0M, Series A)
Artificial intelligence based platform offering decision
support software
Raed Ventures, Shorooq Partners, Venture Souq and 1
other Investors
Upgraded to MINICORN
Qwak (2004, Tel Aviv, $4.0M, Seed)
Provider of end to end machine learning platform
Leaders Fund, StageOne Ventures, Amiti and 4 other
Investors
Upgraded to MINICORN
Canonic (2020, , $6.0M, Seed)
Cloud based application security solution provider
First Round Capital, Elron Ventures, SV Angel and 2
other Investors
Upgraded to MINICORN
Astrix (2021, Tel Aviv, $15.0M, Seed)
Cloud-based suite solutions for digital transaction
management
Bessemer Venture Partners,F2 Capital,Venrockand
Upgraded to MINICORN
PrettyDamnQuick™ (2020, Jerusalem, $6.0M, Seed)
Offers end-to-end delivery service platform
TLV Partners,Ground Up,Verissimo Venturesand
Upgraded to MINICORN
Nerhadou (1996, Giza, $20.0M, Series B)
Developer of nutritional supplements and oral drug
delivery strips
Affirma Capital,StonePine Capital Partnersand

18. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (3/5)
Interesting Companies identified by Analysts in MENA Tech in February 2022
MENA Tech: Analyst Picks
18
Upgraded to MINICORN
Milezmore (2021, Maadi, $5.0M, Seed)
Provider of cloud-based e-commerce fulfillment
solutions
Brimoreand
Added to Editor's Pick
ChickP (2019, , $8.0M, Series A)
Manufactures plant-based protein ingredients
Growthwell,Temasek,Genesys Capitaland
Added to Editor's Pick
XTrodes (2019, Herzliya, $1.0M, Seed)
Wearables to monitor mental wellness
Welltech Ventures, Jeremy Coller, Chartered High Tech
and 2 other Investors
Added to Editor's Pick
ProPrep (2015, Tel Aviv, $1.7M, Angel)
Online video courses for STEM learning
LearnLaunch,StartEdand
Added to Editor's Pick
BARQ Fleet (2019, Beirut, $4.0M, Seed)
Provider of AI & SaaS-enabled end-to-end delivery
management solutions
Oman Tech Fund, Oryx Fund, and 1 other Investors
Added to Editor's Pick
Kideo (2018, Tamra, Unfunded)
Mobile-based platform providing gamified learning
solutions for kids
Added to Editor's Pick
Alhosn (2020, Dubai, Unfunded)
Mobile-based application for Covid-19 health record
management
Added to Editor's Pick
Yalla!Market (2021, Dubai, $2.3M, Seed)
Online platform offering multi-category grocery
supplies
Doha Tech Angels, Flyer One, Angelsdeck and 3 other
Investors
Added to Editor's Pick
Zywa (2020, Dubai, $1.0M, Seed)
Digital bank for teenagers
Y Combinatorand

19. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (4/5)
Interesting Companies identified by Analysts in MENA Tech in February 2022
MENA Tech: Analyst Picks
19
Added to Editor's Pick
Brand Ripplr (2017, Dubai, $1.0M, Series A)
Micro-influencer marketing platform
Dubai Angel Investorsand
Added to Editor's Pick
Verto (2018, Tel Aviv, $1.2M, Seed)
Provider of 3D customization solutions for fashion
retailers
Chaim Chizik,,Sarona Partnersand
Added to Editor's Pick
Paymennt.com (2017, Dubai, $600K, Seed)
Online payment solutions for MSMEs and small
businesses
Arzan Venture Capital, 500 Global, Dubai Angel
Investors and 2 other Investors
Added to Editor's Pick
Dawrat (2011, Kuwait City, Undisclosed, Series A)
App-based platform offering multi-disciplinary courses
for professionals
SBX,Farah AlHumaidhiand
Added to Editor's Pick
Training Calendar (2015, Dubai, $1.0M, Angel)
Marketplace for professional training courses and
executive education programs
Venturepreneur Huband
Added to Editor's Pick
ChainPort (2021, Unfunded)
Blockchain-based bridge for crypto tokens
2A Ventures,AAD Venturesand
Added to Editor's Pick
Squaretalk (2010, Jerusalem, Unfunded)
Platform offering CPaaS and call center software for
handling cross channel customer communications
Cornerstone Venture Partnersand
Added to Editor's Pick
Onebeat (2003, Petah Tikva, $5.0M, Series A)
Provider of AI-based automated inventory optimization
for offline businesses
AnD Ventures,Surround Ventures,Calcalistand
Added to Editor's Pick
BARQ (2020, Riyadh, $4.0M, Seed)
Provider of AI & SaaS-enabled delivery management
solutions
Oman Tech Fund, Oryx Fund, Sultan Holdings and 1
other Investors
Added to Editor's Pick
AVIDEA (2017, Tunis, $696K, Seed)
Insurance claims management solutions for the auto
insurance industry
Capsa Capital Partners,216 Capitaland
Added to Editor's Pick
Yelo (2000, Riyadh, Undisclosed, Seed)
App that provides a station-based car rental platform
Majdand
Added to Editor's Pick
GetDukan (2021, Kuwait City, Unfunded)
Online platform offering multi-category grocery
supplies

20. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (5/5)
Interesting Companies identified by Analysts in MENA Tech in February 2022
MENA Tech: Analyst Picks
20
Added to Editor's Pick
CyberTrade (2021, Dubai, Unfunded)
Provider of NFT-based role-playing game
Vision Capitaland
Added to Editor's Pick
Entirecoin (2021, Dubai, Unfunded)
Financial services platform offering lending, investment
and more
Added to Editor's Pick
PSPBox (2020, Dubai, Unfunded)
Provider of payment gateway comparison solutions
Added to Editor's Pick
Cratis International (2010, Dubai, Unfunded)
Platform offering software to track and manage sales
Added to Editor's Pick
La VIA bag (2021, Beirut, Unfunded)
Internet first brand offering vegan leather handbags

21. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
02 Feb 2022
Maris (2020, Ness Ziona, )
Provider of intelligent video surveillance and analytics systems for
tactical applications
$0.0B NASDAQ:MTEK
IPOs
List of IPOs in MENA Tech in February 2022
MENA Tech: IPOs
21

22. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in MENA Tech in February 2022
MENA Tech: Acquisitions
22
Acq. Date Company Acquirer Deal Size
01 Feb 2022
OCTAL(2006, Muscat)
Producer of PET sheet and resin on a single site
Alpek $620.0M
04 Feb 2022
Viora(2003, Herzliya)
Provider of medical aesthetic solutions
Sinclair Pharma
09 Feb 2022
Driivz(2012, Tel Aviv, $37.0M)
Electric vehicle charging management platform
Vontier
09 Feb 2022
Pocketnow(2000, Petah Tikva)
Smartphone, Tablet and Wearables Reviews, Videos, Editorials
and News
Valnet
16 Feb 2022
First(2018, Givatayim)
Application development platform provider
Fireblocks $100.0M
21 Feb 2022
Flyin(2008, Riyadh)
Online travel agency for flight and hotel bookings
WeGo
24 Feb 2022
Myki(2014, Beirut, $5.2M)
Password manager app
JumpCloud
28 Feb 2022
Magnati(2003, Abu Dhabi)
Payment solutions for merchants, businesses, and government
offices
Brookfield Asset Management
28 Feb 2022
SecurityDAM(2012, Tel Aviv)
Detection & mitigation of DDoS attacks
Radware $30.0M
28 Feb 2022
Circle(2019, , $0.1M)
App-based property management software gated communities
Milango

23. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in MENA Tech in February 2022
MENA Tech:News
23
Exit News
.
● Crypto Custody Firm Fireblocks Acquires Payments Tech Platform First Digital
for Reported $100M Coinspeaker
.
● Check Point acquires developer security startup Spectral CRN Australia
.
● SoftBank-backed Cybereason confidentially files for U.S. IPO Financial Post
.
● Vista Global Announces Deal To Acquire Air Hamburg AIN Publications
.
● Driivz is acquired by Vontier to accelerate its e-mobility strategypetrolplaza.com
.
● Info Edge India acquires stakes in upskilling company Juno Learning AIM Group
.
● Mexico's Alpek bets on PET packaging through Octal acquisition Reuters
.
● Shared mobility company GoTo to debut on Tel Aviv Stock Exchange post
merger Geospatial World
.
People News
.
● Keystone Dental Strengthens Leadership Team with Addition of Two Key
● Wiliot Names Former Amazon Supply Chain Executive Manish Bansal as Chief
Product Officer AiThority
.
● Guy Ben-dov joins Anzu as EVP to drive blended ads Pocket Gamer
.
● Monday.com taps Angus Mansfield to lead APAC channel Reseller
.
● Weebit appoints NVM expert Gabriel Molas as Chief Scientist GlobeNewswire
.
● Top Expert Pediatric Gastroenterology and Nutrition Dr. Carlos Lifschitz joins
ELSE’s Scientific Advisory Board GlobeNewswire
.
Company News
.
● Rapid Medical Receives Breakthrough Device Designation from the FDA for the
Treatment of Vascular Spasms Business Wire
.
● UAE car-sharing platform acre expands to Malaysia Gulf Business
.
● Motus GI Receives FDA Clearance to Market the Pure-Vu® EVS System
GlobeNewswire

24. MENA Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
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