Back to the complete issue
Sunday, 10 January 2021

The latest from Planet Startup

Egyptian scientific research startup Nawah Scientific has raised a second USD 1 mn pre-series A funding round with mixed equity and debt capital, raising its total funding to USD 2 mn, according to a press release. The Egypt Ventures-led funding round also saw contributions from the Alexandria Fund, Cairo Angels, Alex Angels, undisclosed angels from Hult International Business School alumni, and other undisclosed international angel investors, reported Mobi Health News.

What is Nawah Scientific? The company aims to be both a platform that provides researchers access to lab equipment and a lab assistant helping conduct the experiments by running tests on received samples. Nawah landed a USD 150k grant after coming in second in Alibaba founder Jack Ma’s Africa Netpreneur Prize initiative.

You can read more about Nawah Scientific and other educational technology startups in our Blackboard story that explores how they can help tackle Egypt education system problems.


Raseedy wallet users can now utilize Aman’s 100k point of sale (POS) locations for deposits or withdrawals, according to a press release (pdf).

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.