Lucidity Insights

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🚀 #FundingAlert — Powder Beauty, the Middle East’s first female-owned and operated e-commerce platform for conscious beauty and wellness, has closed its pre-Series A funding round led by The Sophia Collective and NKEHL. Founded by Ayat Toufeeq, Amina Grimen, and Marriam Mossalli in 2018, Powder Beauty aims to expand its operations in Saudi Arabia, meeting the growing demand for clean beauty. The funds will enable the platform to launch new exclusive brands and introduce additional product categories. For more information, check out the news: 🔗 https://lnkd.in/gHs9rphb ━━━━━━━━━━━━━━━━ #FundingNews #PowderBeauty #Ecommerce #CleanBeauty #TechInnovation #InvestmentNews #SophiaCollective #SaudiArabia #FemaleFounders #SustainableBeauty #Wellness #BeautyIndustry #UAE #MENA

𝗧𝗼𝗽 𝟲 𝗖𝗼𝘂𝗻𝘁𝗿𝗶𝗲𝘀 𝗯𝘆 𝗩𝗖 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗶𝗻 𝗔𝗳𝗿𝗶𝗰𝗮 🌍💰 (𝗛𝟭 𝟮𝟬𝟮𝟰) 💡 $734M raised in VC funding across 302 deals in H1 2024. The top 6 countries were: 1️⃣ South Africa 🇿🇦 2️⃣ Egypt 🇪🇬 3️⃣ Kenya 🇰🇪 4️⃣ Nigeria 🇳🇬 5️⃣ Ethiopia 🇪🇹 6️⃣ Ivory Coast 🇨🇮 🔥 Top 3 VC Rounds: ➢ Showmax (South Africa) raised $177M (Late VC) ➢ MNT-Halan (Egypt) secured $158M (Growth Equity) ➢ TymeBank (South Africa) attracted $150M (Series D) 👉 Check out the full Infobyte on our website for more! 🔗 https://lnkd.in/g-rABJvb ━━━━━━━━━━━━━━━━ #LucidityInsights #TechStartups #VCFunding #AfricaStartups #InvestmentTrends #SouthAfrica #Egypt #Kenya #Nigeria #Ethiopia #IvoryCoast #StartupFunding #H12024 #TechInnovation

🚀 #FundingAlert — UAE-based Web3 streaming platform myco.io has secured $10 million in the first closing of its Series A funding, with participation from Daman Investments, Aptos Labs, B Digital, MOCHAVentures, Ghaf Capital Partners and more. Founded by Umair Masoom Usmani in 2021, myco reported its first profitable year with $7.5 million in revenue for the 2023-24 fiscal year. The platform plans to use the funds to expand into new markets and migrate its native utility token to the Aptos blockchain in Q4 2024. The company holds major live streaming rights, including ICC and PSL Cricket for Pakistan, English Premier League, and e-sports in MENA. For more information, check out the news: 🔗 https://lnkd.in/gw4azy43 ━━━━━━━━━━━━━━━━ #FundingNews #Web3 #StreamingPlatform #TechInnovation #SeriesAFunding #InvestmentNews #myco #AptosLabs #DamanInvestments #Crypto #Blockchain #UAE #Pakistan #MENA #PUBG #Valorant #Esports #LiveStreaming

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🚀 #FundingAlert — Bahrain's first Business Angels Company, Tenmou, has announced an investment in two Bahraini startups: Tajweed, a digital platform for teaching the Holy Quran and Arabic language, and Travilege, an online B2B2C ERP software designed for travel agencies. Nawaf Mohamed AlKoheji, CEO of Tenmou, stated, “Tenmou is committed to expanding its investment portfolio, which has now surpassed 35 Bahraini startups. Our mission is to advance venture investment in technology within the kingdom and showcase the promising potential of local startups in Bahrain’s entrepreneurial ecosystem.” For more information, check out the news: 🔗 https://lnkd.in/g2SQ32sJ ━━━━━━━━━━━━━━━━ #FundingNews #InvestmentNews #StartupFunding #AngelInvesting #Bahrain #TechInnovation #Tenmou #Tajweed #Travilege #Entrepreneurship #NawafAlKooheji #MENA #GCC #Gulf #MiddleEast

🚀 #FundingAlert — UAE-based Credbull, the first licensed on-chain private credit fund manager, has secured $5.2 million in a funding round led by Gnosis VC. Other key investors include Outlier Ventures, Hodl Ventures, and XBTO, with participation from LucidBlue, CSPDAO, CryptoHedge, BABs, Marcello Mari, and more. Founded by Jason Dehni in 2023, Credbull is committed to advancing financial freedom by making private credit investments more accessible through blockchain technology. With this funding, the company aims to expand its team, enhance its product offerings, and accelerate its go-to-market strategy. For more information, check out the news: 🔗 https://lnkd.in/gUJGBSBK ━━━━━━━━━━━━━━━━ #FundingNews #Web3 #Blockchain #PrivateCredit #TechInnovation #InvestmentNews #Credbull #Polygon #GnosisVC #OutlierVentures #HODLVentures #JasonDehni #FinancialFreedom

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𝗧𝗼𝗽 𝟴 𝗠𝗼𝘀𝘁 𝗙𝘂𝗻𝗱𝗲𝗱 𝗗𝗲𝗣𝗜𝗡 𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝘀 𝘁𝗼 𝗗𝗮𝘁𝗲 🚀 DePIN projects have collectively raised over US $1 billion, with key players like Helium and Filecoin Labs accounting for nearly half of this total. Full insights in our Infobyte: 🔗 https://lnkd.in/gRYSw2fR (*Data as of April 2024) ━━━━━━━━━━━━━━━━ #LucidityInsights #Web3 #DePIN #blockchain

🚀 #AcquisitionAlert — Kuwait-based PropTech company Sakan has acquired hapondo, Qatar’s leading real estate marketing platform. This partnership combines hapondo’s deep understanding of the Qatari market with Sakan’s cutting-edge technology and regional network, paving the way for innovation across the GCC real estate sector. Founded by Ahmad AlKhanji in 2020, hapondo has been instrumental in enhancing transparency in Qatar’s real estate industry. “This partnership with Sakan aligns perfectly with our vision to revolutionize the real estate market in Qatar and beyond,” said Al-Khanji. For more information, check out the news: 🔗 https://lnkd.in/gqD4273J ━━━━━━━━━━━━━━━━ #AcquisitionNews #PropTech #RealEstate #InvestmentNews #Sakan #hapondo #Kuwait #Qatar #GCCRealEstate #Innovation #Collaboration