From TechCrunch
By Tage Kene-Okafor
December 5, 2023
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, LoftyInc Capital and other local and global angel investors, the startup said in a statement. Mtor’s founder and CEO, Mohamed […]
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Revenue-based financing startups continue to raise capital in MENA, where the model just works
In an era where it has become tougher to raise venture capital, many companies have turned to non-dilutive, revenue-based financing (RBF) as an alternative. As a result, plenty of startups have risen to meet that challenge, none more so than in the MENA region, which has taken to the model like a duck to water. The latest is CredibleX which has raised a $55 million seed financing round led by Abu Dhabi-based Further Ventures in order to take advantage of the booming market for revenue financing
Dec 24, 2024
Mecanizou, now with $14.5M, plans to expand auto parts marketplace in São Paulo
Mecanizou provides auto parts and the price following input of a car's basic information. Mechanics can purchase the parts in one click and receive the parts in one hour.
Mar 21, 2023
Sylndr, with a fresh $15.7M, allows users to buy, sell, finance, and service used cars in Egypt
Cairo-based Sylndr has raised $15.7 million as it expands beyond online used car sales into auto financing, servicing, and tools for dealers. Development
May 19, 2025
Morgan Stanley, BP Ventures back Indian e-mobility startup Magenta
Indian electric mobility startup Magenta Mobility has closed a $22 million Series A1 round, backed by $11 million each from Morgan Stanley India Infrastructure and BP Ventures. Magenta will use the all-equity investment to boost its existing logistics and last-mile delivery fleet operations. The Navi Mumbai-headquartered startup has a fleet of 800 three-wheeled electric cargo […]
Apr 5, 2023