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Tag: Egypt
Egypt’s Mtor nabs $2.8M pre-seed for its online auto parts marketplace
Egyptian online auto parts marketplace Mtor has raised $2.8 million in pre-seed investment led by MENA-focused venture capital firm Algebra Ventures. Other investors that participated in the round include Dutch Founders Fund (DFF), Aditum Ventures, Lof…
Mummified baboons point to the direction of the fabled land of Punt
Egyptians often mentioned a trading partner but neglected to say where it was.
Egyptian healthtech Almouneer raises $3.6M to scale its platform for treating diabetes and obesity
Obesity and prediabetes are major health concerns in Africa and the Middle East, affecting over 40% of the population. In Egypt, 20% of adults have diabetes; the figure in Saudi Arabia is 30%. In Nigeria, 1 in 17 adults has diabetes. The issue of predi…