MENA Digest: Egyptian startup OneOrder, Saudi SaaS firm Merit lead fundingDealmaking in the Middle East and North Africa region during the week was propelled by high-value, growth-stage fundraises by tech-led startups across the UAE, Egypt, Jordan, and Saudi Arabia. While Saudi Arabian SaaS startup Merit raised pre-Series B funding, Egyptian logistics player OneOrder secured Series A funding. MeritAdvertisementSaudi Arabian SaaS provider Merit raised $12 million in a pre-Series B funding round, led by Alistithmar Capital i-Cap to scale its operations and roll out new features. BirdnestBirdnest, an Egypt-based proptech startup raised pre-Series A funding of an undisclosed amount, led by Beltone Venture Capital and CI Venture Capital to geographically scale its business. According to Huspy, it raised funding at a higher valuation than the Series A round in 2022, when it raised $37 million.
