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