Tracxn - Geo - MENA Tech - May 2021

TRACXN MONTHLY REPORT
MAY 2021
MENA TECH

MENA Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
MENA Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 10
Top Funded Business Models - last 1 year 12
New Analyst Picks 13
IPOs 18
Acquisitions 19
Recent News 20

MENA Tech Snapshot – May 2021
MENA Tech: Snapshot – May 2021
Note : "Investors" refers to "Institutional Investors" only
3
$788M
29 2
Overall Geo Stats
20
7
118
55
42
Funding Rounds $ Invested Analyst Picks
Hello Heart
Upgraded to
SOONICORN
New Investors
Weizmann Institute of
Science
JIMCO
Series A+ rounds Active Investors IPOs
Global-e
SimilarWeb
Acquisitions
Prospera#@
Simplex#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Tel Aviv
(13 Rounds, $391M)
Dubai
(5 Rounds, $27.3M)
Riyadh
(3 Rounds, $38.6M)
Cairo
(3 Rounds, $25.0M)
$120M - Series B
Wiz (2020, Tel Aviv, $350M)
$75M - Series C
Explorium (2017, Tel Aviv, $127M)
$50M - Series D
Rapid Medical (2008, Yokneam Illit, $79M)
$47M - Series C
AnyClip (2008, Jerusalem, $68M)
Insight Venture Partners
(4 Investments)
MSA
(3 Investments)
Sequoia Capital
(2 Investments)
Vintage Investment
Partners
(2 Investments)
Cybersecurity
Wiz
Cloud Infrastructure
Sosivio
AI Infrastructure
Explorium
MarketingTech
AnyClip
Market Size
Companies Covered 20,132
Funded Companies 5,225
Total Funding $48.2B
Funding in last 12 months $9.1B
Top Exits
IPOs 190
Acquisitions 754
Company Stage
Unicorns 27
Soonicorns 151
Minicorns 433
Editor Picks 1,859
Series A+ 1,424
Series C+ 348
Acqui-Hires 13
Deadpooled 2,653
Top Cities
Tel Aviv (1,843 Rounds, $16.8B)
Dubai (417 Rounds, $3.2B)
Top Investors
500 Startups (89 Investments)
Pitango (84 Investments)

Investment Snapshot
Investment Snapshot of MENA Tech as of May 2021
MENA Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (May 2021)*
Wiz
(2020, Tel Aviv, $350M)
$120M - Series B Salesforce
Explorium
(2017, Tel Aviv, $127M)
$75.0M - Series C Insight Venture Partners
Rapid Medical
(2008, Yokneam Illit, $79.0M)
$50.0M - Series D Deep Insight
AnyClip
(2008, Jerusalem, $68.0M)
$47.0M - Series C Jerusalem Venture Partners
Cymulate
(2016, Rishon Lezion, $71.0M)
$45.0M - Series C One Peak Partners
Hello Heart
(2013, Tel Aviv, $68.0M)
$45.0M - Series C IVP
Upstream Security
(2017, Herzliya, $43.0M)
$36.0M - Series C Mitsui Sumitomo Insurance
Pecan
(2016, Tel Aviv, $50.0M)
$35.0M - Series B GGV Capital
ThetaRay
(2013, Hod Hasharon, $90.0M)
$31.0M - Series C Jerusalem Venture Partners
Sary
(2018, Riyadh, $37.0M)
$30.5M - Series B Venture Souq
Twine Solutions
(2015, Petah Tikva, $60.5M)
$28.0M - Series B New Era Capital Partners
*Shows only the lead Investors

List of Funding Rounds (1/5)
List of Funding Rounds in MENA Tech in May 2021
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
$31.0M - Series C
ThetaRay (2013, Hod Hasharon, $90.0M)
AI-based cyber threats and operational risk detection
solutions provider
Jerusalem Venture Partners, Benhamou Global
Ventures, OurCrowd
LATE STAGE
$36.0M - Series C
Upstream Security (2017, Herzliya, $43.0M)
Cloud based automotive cybersecurity solutions
provider
Mitsui Sumitomo Insurance
LATE STAGE
$45.0M - Series C
Hello Heart (2013, Tel Aviv, $68.0M)
Employee wellness program for heart disease and high
blood pressure
IVP, Khosla Ventures, Resolute Ventures, BlueRun
Ventures, Maven Ventures
LATE STAGE
$45.0M - Series C
Cymulate (2016, Rishon Lezion, $71.0M)
Cloud-based cyber-range solution
One Peak Partners, Dell Technologies Capital, Vertex
Ventures Israel, Susquehanna Growth Equity, Vertex
Growth
LATE STAGE
$47.0M - Series C
AnyClip (2008, Jerusalem, $68.0M)
AI based platform offering software for video
marketing and management
Jerusalem Venture Partners, Mizrahi-Tefahot Bank
LATE STAGE
$50.0M - Series D
Rapid Medical (2008, Yokneam Illit, $79.0M)
Developer of neurovascular interventional devices such
as distal access & microcatheters
MicroPort Orthopedics, Deep Insight, Citic PE
LATE STAGE
$75.0M - Series C
Explorium (2017, Tel Aviv, $127.0M)
Provider of data scientist platform for developing ML
models
Insight Venture Partners, 01 Advisors, F2 Capital,
Emerge, Dynamic Loop Capital, and 3 more
EARLY STAGE
$4.8M - Series B
PointGrab (2008, Hod Hasharon, $16.8M)
Provider of AI-driven hardware and deep learning
algorithms for building analytics
NetScientific, EMV Capital

6
EARLY STAGE
$5.0M - Series A
Kirobo (2018, Tel Aviv, $5.0M)
Multi-layer on-chain wallet
EARLY STAGE
$5.3M - Series A
InfiniGrow (2015, Tel Aviv, $5.3M)
AI-based platform for real-time market planning
AnD Ventures, Or Offer, Dave McDowell, Kipp Bodnar,
Adi Azaria, and 2 more
EARLY STAGE
$6.0M - Series A
Gathern (2016, Riyadh, $6.0M)
App-based booking platform for chalets, campgrounds
& villas
STV, Vision Ventures, 500 Startups, Naef Sultan AlAthel
EARLY STAGE
$6.0M - Series B
Kando (2012, Kokhav Ya'ir, $16.0M)
Provider of solutions for wastewater network
management
Aliaxis, Bridges Israel, , Jewish National Fund
EARLY STAGE
$6.5M - Series B
almentor (2016, Dubai, $14.5M)
Online learning platform providing management and
self-development courses
Partech Partners, Sango Capital, Egypt Ventures,
Sawari Ventures
EARLY STAGE
$6.7M - Series A
Bosta (2016, Cairo, $8.1M)
On-demand delivery service for businesses
Silicon Badia, Wealth Well, Khwarizmi Ventures, 4DX
Ventures, Plug and Play Tech Center
EARLY STAGE
$10.0M - Series A
Rizek (2004, Dubai, $15.0M)
Online marketplace for multiple local services
ADQ
EARLY STAGE
$10.0M - Series A
Clinch (2012, Netanya, $13.0M)
Programmatic ad creative management platform
EARLY STAGE
$11.0M - Series B
Groundwork BioAg (2014, Mazor, $11.0M)
Provider microbe-based crop nutrition products
Ibex Investors, Prodelta, Future Food Institute,
MoreVC, AxessVentures, and 2 more

7
EARLY STAGE
$13.0M - Series B
UltraSight (2019, Rehovot, $13.0M)
AI-based platform providing ultrasound diagnosis for
cardiac disorders
Yozma Group, Weizmann Institute of Science, Atain
Insurance Companies
EARLY STAGE
$15.0M - Series B
Novidea (2009, Netanya, $30.0M)
Cloud-Based software suite for insurance industry
Israel Growth Partners, JAL Ventures, KT Squared, 2B
Angels
EARLY STAGE
$15.0M - Series A
Homzmart (2018, Cairo, $17.2M)
Online marketplace offering home improvement
products
MSA, Nuwa Capital, Outliers Venture Capital, Rise
Capital, EQ2 Ventures, and 1 more
EARLY STAGE
$16.0M - Series B
Promo (2016, Tel Aviv, $28.0M)
Video ads and visual content creation platform
Getty Images
EARLY STAGE
$16.0M - Series A
Authomize (2019, Tel Aviv, $22.0M)
AI-based authorization management automation
solution
Innovation Endeavors, Entree Capital, Blumberg
Capital, M12
EARLY STAGE
$20.0M - Series B
SAM (2016, Tel Aviv, $36.1M)
Provider of a smart home hub for monitoring and cyber
securing connected devices
Verizon Ventures, Blackberry, Intel Capital, ADT,
Blumberg Capital, and 1 more
EARLY STAGE
$20.0M - Series A
Cycode (2019, Tel Aviv, $25.0M)
Source code security solution
Insight Venture Partners, YL Ventures
EARLY STAGE
$23.0M - Series A
Lightrun (2019, Tel Aviv, $27.0M)
Real time production debugger solution
Insight Venture Partners, Glilot Capital Partners
EARLY STAGE
$28.0M - Series B
Twine Solutions (2015, Petah Tikva, $60.5M)
Manufacturer of digital thread dyeing systems
New Era Capital Partners, Landa Ventures, Gefen
Capital

8
EARLY STAGE
$30.5M - Series B
Sary (2018, Riyadh, $37.0M)
App based marketplace platform offering multi-
category products
Venture Souq, MSA, Raed Ventures, Rocketship,
Derayah Venture Capital Fund, and 1 more
EARLY STAGE
$35.0M - Series B
Pecan (2016, Tel Aviv, $50.0M)
AI-based predictive intelligence platform
GGV Capital, Dell Technologies Capital, S Capital VC,
Mindset Ventures, Vintage Investment Partners
EARLY STAGE
$120.0M - Series B
Wiz (2020, Tel Aviv, $350.0M)
Cloud Infrastructure security solutions provider
Salesforce, Blackstone, Sequoia Capital, Insight Venture
Partners, Advent International, and 1 more
SEED STAGE
$500.0K - Seed
Doctori (2018, Manama, $532.0K)
Provider of an online doctor consultation platform for
multiple diseases
SEED STAGE
$780.0K - Seed
MyBenefits (2020, Dubai, $780.0K)
App-based employer enabled savings platform
Edge Global Holdings, Musaab Al Hakami, Turki AlJeaid
SEED STAGE
$800.0K - Seed
Quix (2019, , $800.0K)
Online platform for ordering and delivery of food
services
SEED STAGE
$2.0M - Seed
Foloosi Technology (2018, Dubai, $2.5M)
App-based mobile payment platform
SEED STAGE
$2.1M - Seed
Nearpay (2020, Riyadh, $2.7M)
Point-of-sale software for businesses & merchants
SEED STAGE
$2.7M - Seed
LYDUS MEDICAL (2017, Raanana, $2.7M)
Developer of a microvascular suturing device
GlenRock Israel, Mor Research, Technion

9
SEED STAGE
$3.3M - Seed
Flextock (2020, Cairo, $3.4M)
Offers end-to-end e-commerce fulfillment solutions
MSA, JIMCO, Flexport, Access Bridge Ventures, CRE
Venture Capital, and 4 more
SEED STAGE
$4.0M - Seed
Sosivio (2019, Tel Aviv, $4.0M)
Monitoring and management of cloud native
environment
, Side Door Ventures
SEED STAGE
$5.0M - Seed
telda (2019, Heliopolis, $5.0M)
App-based wallet for consumer payments
Sequoia Capital, Class 5, Global Founders Capital
SEED STAGE
$6.6M - Seed
Laguna (2020, Tel Aviv, $6.6M)
Provider of post-hospitalization recovery and
behavioral health monitoring solutions
LionBird, Pitango, Assaf Wand, Josh Riff
SEED STAGE
$8.0M - Seed
Mamo Pay (2016, Dubai, $9.5M)
Payment wallet for consumers
Global Ventures, Olive Tree Capital, 4DX Ventures,
ALRAJHI PARTNERS
SEED STAGE
Seed
Carser (2015, Amman)
Online platform that provides vehicle valuation &
history reports
Arzan Venture Capital
SEED STAGE
Seed
Fish (2018, Doha)
Online marketplace platform offering seafood
Nautica Tech Venture

New Investors (1/2)
List of New Investors in MENA Tech in May 2021
MENA Tech: List of New Investors
10
Investor Company Info Round Amount Round Name
Weizmann Institute of Science
1 portfolio companies | College offering multiple courses and degrees in science
stream
UltraSight
AI-based platform providing ultrasound diagnosis for cardiac disorders
$13.00M Series B
JIMCO
1 portfolio companies | JIMCO
Flextock
$3.25M Seed
seamansholdings.com
1 portfolio companies |
Sosivio
Monitoring and management of cloud native environment
$4.00M Seed
Salesforce
62 portfolio companies | Cloud-based CRM and social collaboration solutions for
enterprises
Wiz
Cloud Infrastructure security solutions provider
$120M Series B
Prodelta
1 portfolio companies | Provider of application development and digital
marketing services
Groundwork BioAg
$11.00M Series B
Side Door Ventures
2 portfolio companies | Venture capital firm focused on seed, series A, and
series B investments
Sosivio
Monitoring and management of cloud native environment
$4.00M Seed
MoreVC
2 portfolio companies | Venture capital firm investing in tech startups
Groundwork BioAg
$11.00M Series B
Deep Insight
1 portfolio companies | Provider of employee engagement services
Rapid Medical
Developer of neurovascular interventional devices such as distal access
& microcatheters
$50.00M Series D
Jewish National Fund
1 portfolio companies | Donation-based crowdfunding platform for for
nonprofit organizations
Kando
Provider of solutions for wastewater network management
$6.00M Series B
Mitsui Sumitomo Insurance
17 portfolio companies | Group company catering to insurance and financial
services sector
Upstream Security
Cloud based automotive cybersecurity solutions provider
$36.00M Series C

New Investors (2/2)
List of New Investors in MENA Tech in May 2021
MENA Tech: List of New Investors
11
Investor Company Info Round Amount Round Name
Citic PE
23 portfolio companies | Private equity investment and asset management firm
Rapid Medical
Developer of neurovascular interventional devices such as distal access
& microcatheters
$50.00M Series D
Access Bridge Ventures
1 portfolio companies | Venture capital fund investing in early stage startups
Flextock
$3.25M Seed
dsquaredcapital.com
1 portfolio companies |
Clinch
$10.00M Series A
ALRAJHI PARTNERS
1 portfolio companies | ALRAJHI PARTNERS
Mamo Pay
$8.00M Seed
ADQ
4 portfolio companies | Private equity firm focused on multiple sectors
Rizek
$10.00M Series A
Aliaxis
1 portfolio companies | Manufacturer and distributor of advanced plastic piping
systems for water & energy industry
Kando
Provider of solutions for wastewater network management
$6.00M Series B
AnD Ventures
1 portfolio companies | Sector agnostic startup accelerator
InfiniGrow
$5.25M Series A
Blackberry
2 portfolio companies | Provider of an unified endpoint security, enterprise
software and smartphone solution
SAM
Provider of a smart home hub for monitoring and cyber securing
connected devices
$20.00M Series B
Alter
1 portfolio companies | Alter Global | Venture Capital in Emerging Markets |
Alter Global
Flextock
$3.25M Seed
Future Food Institute
1 portfolio companies | Provider of food safety tools for food & beverages
industry
Groundwork BioAg
$11.00M Series B

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.
12
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- Private Cloud Providers $800M 2 G42 | $800M | Series D
2 ▲59 Cloud Infrastructure Security $635M 9 Orca Security | $210M | Series C
3 ▲72 Cloud Security $615M 8 Orca Security | $210M | Series C
4 ▲139 Blockchain Security $246M 4 Fireblocks | $133M | Series C
5 ▲242 Digital Wallets $222M 9 stc pay | $200M | Series D
6 -- In-Memory Database $210M 2 Redis Labs | $110M | Series G
7 -- Key Value Store Database $210M 2 Redis Labs | $110M | Series G
8 ▲176 Network Routing Software $208M 1 DriveNets | $208M | Series B
9 ▲22 Voice Analytics $200M 1 Gong | $200M | Series D
10 ▲22 Revenue Forecasting $200M 1 Gong | $200M | Series D

New Analyst Picks (1/5)
Interesting Companies identified by Analysts in MENA Tech in May 2021
MENA Tech: Analyst Picks
13
Upgraded to SOONICORN
Hello Heart (2013, Tel Aviv, $12.0M, Series B)
Employee wellness program for heart disease and high
blood pressure
IVP, John Malloy, Khosla Ventures and 10 other
Investors
AnyClip (2008, Jerusalem, $21.0M, Series B)
AI based platform offering software for video
marketing and management
GTI Capital Group, Limelight, MyBulb and 6 other
Investors
Upstream Security (2017, Herzliya, Undisclosed,
Series B)
Cloud based automotive cybersecurity solutions
provider
Maniv Mobility, Hyundai Motor Company, Mitsui
Sumitomo Insurance and 9 other Investors
ThetaRay (2013, Hod Hasharon, Undisclosed, Series
B)
AI-based cyber threats and operational risk detection
solutions provider
Rapid Medical (2008, Yokneam Illit, $20.0M, Series
C)
Developer of neurovascular interventional devices such
as distal access & microcatheters
Agate Medical investments, BRM Group, Citic PE and 7
other Investors
Cymulate (2016, Rishon Lezion, $15.0M, Series B)
Cloud-based cyber-range solution
Eyal Gruner, Dell Technologies Capital, One Peak
Partners and 4 other Investors
Pecan (2016, Tel Aviv, $11.0M, Series A)
AI-based predictive intelligence platform
SAP.iO, Mindset Ventures, Vintage Investment Partners
and 3 other Investors
Twine Solutions (2015, Petah Tikva, $5.0M, Series
A)
Manufacturer of digital thread dyeing systems
Coats, HP Tech Ventures, Maverick Ventures and 6
other Investors
Upgraded to MINICORN
Homzmart (2018, Cairo, $1.3M, Seed)
Online marketplace offering home improvement
products
500 Startups, Rise Capital, EQ2 Ventures and 6 other
Investors
Mamo Pay (2016, Dubai, $1.5M, Seed)
Venture Souq, MSA, 500 Startups and 7 other Investors
Sary (2018, Riyadh, $30.5M, Series B)
App based marketplace platform offering multi-
category products
MSA, Ahmed Al Alola, Venture Souq and 4 other
Investors
Promo (2016, Tel Aviv, Undisclosed, Conventional
Debt)
Video ads and visual content creation platform
Getty Images,Mizrahi-Tefahot Bank,Benson Oak
Venturesand

14
Rizek (2004, Dubai, $3.5M, Seed)
ADQ, Abu Dhabi Investment Office, Hub71 and 2 other
Investors
PointGrab (2008, Hod Hasharon, $7.0M, Series B)
Provider of AI-driven hardware and deep learning
algorithms for building analytics
Signify, EMV Capital, NetScientific and 6 other
Investors
Clinch (2012, Netanya, $3.0M, Angel)
Marbruck Investments, Moonbow, 1823 Ventures and
3 other Investors
telda (2019, Heliopolis, $5.0M, Seed)
App-based wallet for consumer payments
Sequoia Capital,Class 5,Global Founders Capitaland
Tamara (2012, Riyadh, $6.0M, Seed)
Online platform for point-of-sale financing
Checkout.com, Impact46, Wealth Well and 5 other
Investors
Groundwork BioAg (2014, Mazor, Undisclosed,
Series B)
Israel Cleantech Ventures, AgriNation, Prodelta and 7
other Investors
InfiniGrow (2015, Tel Aviv, $5.3M, Series A)
Adi Azaria, Or Offer, Kipp Bodnar and 4 other Investors
UltraSight (2019, Rehovot, $13.0M, Series B)
AI-based platform providing ultrasound diagnosis for
cardiac disorders
Atain Insurance Companies,Weizmann Institute of
Science,Yozma Groupand
Sosivio (2019, Tel Aviv, $4.0M, Seed)
Monitoring and management of cloud native
environment
Side Door Ventures,and
Kirobo (2018, Tel Aviv, $5.0M, Series A)
Multi-layer on-chain wallet

15
Added to Editor's Pick
Fenix (2020, San Carlos, $3.8M, Seed)
App-based platform offering electric kick-scooter
sharing services
Emkan Capital,Panthera Capital Investments,Maniv
Mobilityand
Bosta (2016, Cairo, $1.4M, Series A)
On-demand delivery service for businesses
Cairo Angels, DPD, Wealth Well and 6 other Investors
Qoyod (2016, Riyadh, $2.1M, Series A)
SaaS-based accounting software for SMEs
Merak Capital,Saudi Venture Capital Company,Arzan
Venture Capitaland
IL Makiage (1972, New York City, Undisclosed, Series
A)
Internet first brand offering makeup products
L Cattertonand
eDOcate (2016, Tel Aviv, $3.0M, Seed)
Simulation-based learning platform for medical &
nursing professionals
Arkin Holdings,Longevity Fund,Hanaco Ventures
Capitaland
Kashat (2019, Cairo, Undisclosed, Seed)
App for microloans
Cairo Angelsand
Flextock (2020, Cairo, $125K, Seed)
MSA, JIMCO, Alter and 6 other Investors
Carser (2015, Amman, Undisclosed, Seed)
Online platform that provides vehicle valuation &
history reports
Arzan Venture Capitaland
Laminar (2020, Unfunded)
Cloud data security solutions provider
Insight Venture Partners,TLV Partnersand
Nearpay (2020, Riyadh, $2.1M, Seed)
Point-of-sale software for businesses & merchants
Musaab Hakamiand
Manga Abyss (2021, Unfunded)
App-based comic book reading platform
The Floor (2016, Tel Aviv, Unfunded)
AI-based account management software for banks and
financial institutions

16
TCP (2020, Abu Dhabi, Undisclosed, Series A)
Online lending platform for invoice financing
Modusand
WIV Club (2018, Tel Aviv, Unfunded)
Cloud-based employee wellness and productivity
platform
VAXA (2016, Rosh Pinna, Undisclosed, Seed)
Producer and cultivator of algae compounds for food
and feed industry
DICand
HollyDesk (2020, Cairo, Unfunded)
Expense approval software for businesses
Flat6Labsand
Agrematch (2017, Rehovot, Unfunded)
In-silico discovery of sustainable bioactive compounds
Ocean Azul Partnersand
Housetable (2010, Unfunded)
AI-based platform for residential renovation loans
Jumpspeed Venturesand
Spotcheck Global (2018, Dubai, Unfunded)
Provides employee health kiosks for enterprises
Diagnozi (2019, Ashdod, Unfunded)
AI-based platform for diagnosis of skin diseases
ComTainer (2019, Ramat Gan, Unfunded)
Provider of automated container management
solutions
RoboSOC (2017, Tel Aviv, Unfunded)
AI based threat assessment and incident response
solutions provider
CloudCT (2020, Unfunded)
Provider of satellite-based weather observation
services
Sabzafzar (2000, Tehran, Unfunded)
Provider of the reporting and dashboarding software
solution

17
Gleeo Health (2020, Dubai, Unfunded)
AI and cloud-based population health management
system for healthcare organizations
Solve for Inventory (2021, Abu Dhabi, Unfunded)
Inventory management software for businesses
Docib Online (2000, Dubai, Unfunded)
Online store for medicines and healthcare products
CyberBlake (2020, Unfunded)
Solution for protection against DDoS attack
Orbital Space (2018, Kuwait City, Unfunded)
Manufacturer of satellites
Dibiz (2016, Jerusalem, Unfunded)
Cloud-based platform offering solutions to create
digital business cards
DFA (2020, Algiers, Unfunded)
Open banking platform
Arfilters (2019, Tel Aviv-Yafo, Unfunded)
Provider of AR-based filters for social media
Reliable Robotics (2018, Dubai, Unfunded)
Provider of robotic solutions for industrial applications

IPO Date Company IPO Mcap Exchange Ticker
12 May 2021
Global-e (2013, London, $110M)
Provider of software solutions for cross-border e-commerce
industries
$3.6B NASDAQ:GLBE
12 May 2021
SimilarWeb (2007, New York City, $240M)
Website traffic and mobile app analytics
$1.6B NYSE:SMWB
IPOs
List of IPOs in MENA Tech in May 2021
MENA Tech: IPOs
18

Acquisitions
List of Acquisitions in MENA Tech in May 2021
MENA Tech: Acquisitions
19
Acq. Date Company Acquirer Deal Size
05 May 2021
Prospera(2013, Tel Aviv, $26.0M)
Technology solutions for plant health monitoring
Valmont $300.0M
06 May 2021
Simplex(2014, Ramat Gan, $19.0M)
AI-based fraud prevention solutions for businesses
Nuvei $250.0M
17 May 2021
Invoice Bazaar(2016, Dubai, $6.1M)
Online marketplace for business loans
Triterras
18 May 2021
Saguna(2008, Haifa, $12.2M)
Offers multi access edge cloud computing solutions
COMSovereign $13.1M
18 May 2021
Tzur Management(2011, Tel Aviv)
Fund administration suite for portfolio & investment fund
managers
Apex Group
24 May 2021
Spotii(2019, Dubai)
Provider of purchase financing solutions for customers
Zip $16.3M
26 May 2021
Dragontail(2013, Ramat Gan, $1.7M)
Provider of delivery and takeaway solutions services
YUM! Brands $72.6M

Recent News (1/2)
Recent News in MENA Tech in May 2021
MENA Tech:News
20
Exit News
.
● Global-e Announces Pricing of Initial Public Offering GlobeNewswire
.
● Crypto startup Simplex sold for $250m Jerusalem Post
.
● Wix Acquires Israeli Internet Greeting Card Startup Rise.ai Jewish Business News
.
● Nayax Announces the Pricing of its Initial Public Offering PR Newswire
.
● Similarweb catches $176m in initial public offering Global Corporate Venturing
.
● US firm Valmont acquires Israeli agtech startup Prospera TechStory
.
● Olympus Acquires Israeli Medical Device Company Medi-Tate to Drive Global
Urology Business Growth Financial Post
.
● Israeli MIPI specialist Valens in $ 1.1bn deal SPAC European Business Press
.
People News
.
● Kevin Collins Joins LUCIRA HEALTH As Chief Revenue Officer Medical Device News
Magazine
.
● CloudMargin Names Martin Heraghty Sales Director, DACH Region AiThority
● Exberry Announces Appointment of Guy Melamed as CEO Finance Magnates
.
● RiT Tech expands its team to boost its growth in India Express Computer
.
● Moshe Shtengel Appointed Chief Business Officer of Nanox Medical Device News
Magazine
.
● UAE taxi service Hala appoints new CEO Arabian Business
.
Company News
.
● Todos Medical Receives FDA Certificate of Free Sale for New 5-Day Tollovid
Dosing Regimen Financial Buzz
.
● Novocure Announces FDA Approval of IDE Supplement for Phase 3 Pivotal
LUNAR Trial of Tumor Treating Fields in ... Business Wire
.
● FDA Grants Donisi De Novo Clearance for Innovative Contact-Free
Multiparameter Health Sensing Solution PR Newswire
.
● Motus GI gets FDA nod to expand colonoscopy cleansing system into upper GI
endoscopies FierceBiotech
.
Regulatory News
.
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