Venture

Startups Raise $238.07 Million Amid AI and E‑Commerce Boom

Last Week of January 2026

Startups in the Middle East and North Africa (MENA) region witnessed notable activity in funding and acquisition deals during the final week of January 2026, with total disclosed investment value reaching $238.07 million.

The investment and acquisition report issued by “entArabi”, covering the period from January 25 to 31, 2026, highlights strong momentum across several key sectors, including fintech, e-commerce, proptech, wealth management, and insurtech, alongside strategic moves in the Saudi market that reflect the accelerating pace of digital transformation and regional expansion.

This week’s deals reflect several key trends shaping the regional startup ecosystem, including:

  • Continued flow of large-scale investments into AI infrastructure, as demonstrated by Upscale AI’s funding round, underscoring the shift of artificial intelligence from software applications to a core foundational layer.
  • Saudi Arabia’s emergence as a key driver of activity, through both strategic acquisitions—such as the Qoyod–Flevers deal—and funding rounds targeting wealth management and insurtech, in line with the Kingdom’s digital transformation goals and Vision 2030.
  • North Africa, particularly Morocco, demonstrating its ability to attract large Series A rounds in traditionally fragmented sectors undergoing deep digital transformation, such as real estate, as seen in Yakeey’s funding round.

Overall, the landscape points to a gradual maturation in deal quality, with increasing focus on comprehensive solutions and platforms capable of scaling regionally and globally.

Investments and Deals by Country

The total number of companies by country reached 7 startups, with total investments amounting to $238.07 million, excluding acquisition deals.

CountryNumber of CompaniesCompany NamesTotal Investment Value
Saudi Arabia3Qoyod (Flevers acquisition), Vennre, Mantas$11.37 million + acquisition
UAE2Yozo.ai, Upscale AI$201.7 million
Morocco1Yakeey$15 million
Regional / MENA1UPFRONT (partnership with Credible X)$10 million (previous funding)

Investments and Deals by Sector

The total number of companies by sector reached 7 startups, with investments totaling $238.07 million, excluding acquisition deals.

SectorNumber of CompaniesCompany NamesTotal Investment Value
E-commerce & Artificial Intelligence2Yozo.ai, Upscale AI$201.7 million
PropTech1Yakeey$15 million
Digital Wealth Management1Vennre$9.6 million
InsurTech1Mantas$1.77 million
Financial Infrastructure & SMEs1UPFRONT$10 million (previous funding)
Business Solutions & Enterprise Management1Qoyod / FleversAcquisition

Mohamed Yahya

Startups Raise $238.07 Million Amid AI and E‑Commerce Boom

صحافي اقتصادي، يغطي أخبار الأسواق والاستثمار وريادة الأعمال، ويقدّم تحليلات معمّقة تعكس تطورات الاقتصاد في المنطقة العربية
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