Continuing its upward trend from previous years, Northern African startups raised a record $1.1 billion in 2022, up 62% from 2021. It is also worth noting that the region crossed the $1 billion mark for the first time last year, increasing its share of total funding raised on the continent to 23% from 15% the previous year.
We have compiled a list of early-stage startups from North Africa that are solving difficult problems and doing interesting things.
Telda is a peer-to-peer payment app that enables unbanked users to send, spend, and save money without having to open a bank account.
The fintech startup secured a $20 million seed round led by Global Founders Capital in October 2022.
i’SUPPLY‘s goal is to digitize the pharmaceutical industry by providing a one-stop shop solution for predicting and overcoming supply chain disruptions.
The healthtech startup raised $1.5 million in pre-seed funding from Disruptech Ventures last year October.
Kenzz sources products directly from manufacturers and importers, and offers deeper discounts to customers who share/purchase with friends and family.
The e-commerce startup recently raised $3.5 million in a seed round led by Outliers Venture Capital in October 2022.
Brito Cloud Kitchens owns and operates a network of smartly distributed and fully operational cloud kitchens across Egypt, assisting international brands in rapidly expanding their presence and delivery to the Egyptian market with minimal investment.
The foodtech startup secured $1.25 million in pre-seed in December last year.
FlapKap aims to revolutionize e-commerce growth by assisting online stores in maximizing their growth potential by assessing the business and providing inventory funding using AI-based insights and financial data analytics.
The fintech startup last raised a $3.6 million seed round from QED, Nclude and Outliers Venture Capital in October 2022.
OneOrder enables restaurants to directly source food and daily procurement needs from local suppliers, thereby addressing the fragmented supply chain challenges that lead to erratic prices, waste, quality issues, and storage costs.
The foodtech startup recently raised $3 million in seed funding from Nclude and A15 in December.
CONIX‘s AI-powered platform generates designs and adaptive materials for real estate developers and architects. It allows users to evaluate the viability of building sites and assess multiple scenarios in minutes, generate design options for a given site, and optimize spaces while minimizing environmental impact.
The proptech startup secured $1.3 million in seed funding from BIM Ventures in November last year.
Blnk is a digital lending platform that partners with Egyptian merchants to underwrite customers at the point of sale and finance purchases such as electronics, furniture, and automotive services through 6-36 month instalments.
The fintech startup raised a $12.5 million seed round from Emirates International Investment Company, Sawari Ventures and Darwazah Capital in November 2022.
Grinta gives pharmacies access to a wide range of traceable pharmaceutical and medical products from a variety of vendors, as well as fulfillment, demand planning, and inventory financing.
The healthtech startup recently secured $8 million in a seed round led by Raed Ventures and Nclude in November 2022.
Exits MENA‘s marketplace automates merger and acquisition (M&A) transactions and investment deals for startups and SMEs.
The e-commerce startup last raised $1 million in pre-seed funding from Baseeta Investments Holding and others in September 2022.
Sharwa provides affordable and high-quality household essentials to the masses through a gamified group purchasing experience.
The social commerce platform raised a $2 million pre-seed round led by Nuwa Capital and Orynx Fund in August 2022.
Ingame is a football mobile game that introduces gameplay to football fans along with a reward system.
The gaming platform secured $1 million in seed funding from Openner VC and Sports Radar in September 2022.
Convertedin is an AI-powered ad automation platform for eCommerce businesses. They use intelligent algorithms to help retailers realize their full marketing potential.
The adtech startup raised $3 million in a seed funding round led by Merak Capital in August 2022.
Partment offers a smart booking system that enables users to co-own second homes, as well as a full-service property management service that maximizes property utilization.
The proptech startup raised $1.5 million in pre-seed funding from Nclude and Plus Venture Capital in September 2022.
Mazaya enables electronic goods retailers and merchants to obtain inventory from all major brands at competitive prices for their stores.
The ecommerce startup secured $5 million in pre-seed from Raya Trade in September 2022.