Tracxn - MENA Tech - Top Business Models - May 2021
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The MENA Tech - Top Business Models Report provides insights on funding trends within the region over the past year, highlighting top business models such as cybersecurity, cloud security, and alternative lending. Key investors and notable funding rounds are detailed, with Orca Security and Wiz among the most funded companies. The report emphasizes significant growth in funding amounts across various tech sectors, reflecting a substantial interest in innovative business solutions in the MENA region.
Tracxn - MENA Tech - Top Business Models - May 2021
- 1. TRACXN TOP BUSINESS MODELS REPORT May 03, 2021 MENA TECH
- 2. MENA Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Contents MENAMENA Tech Funding - Overview 3 Top Funded Business Models 4 One pagers 9 Appendix 59 2
- 3. MENA Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Funding in last 1 year 3 Cybersecurity $1.4B Alternative Lending $538M Enterprise Networking $379M Oncology $317M Road Transport Tech $275M Blockchain Infrastructure $248M Y-o-Y Funding Top Investors by Funding Rounds Seed Stage Y Combinator 500 Startups Flat6Labs 9 8 7 Early Stage Insight Venture Partners OurCrowd Entree Capital 13 9 9 Late Stage Viola Group Insight Venture Partners Pitango 9 7 7 Funding by Geography Top Feeds by $ Funding Top Funding Rounds $ Funding # Rounds G42 (2018, ) $800M - Series D Fundbox (2013, ) $326M - Series C Orca Security (2019, ) $210M - Series C DriveNets (2015, ) $208M - Series B Gong (2015, ) $200M - Series D stc pay (2018, ) $200M - Series D IncrediBuild (2002, ) $140M - PE Bizzabo (2011, ) $138M - Series E Fireblocks (2018, ) $133M - Series C Cato Networks (2015, ) $131M - Series E Wiz (2020, ) $130M - Series B SimilarWeb (2007, ) $120M - Series F Tel Aviv (45%) Abu Dhabi (9%) Herzliya (6%) Riyadh (5%) Jerusalem (5%) Others (30%)
- 4. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report MENA Tech - Top Funded Business Models - last 1 year (1/5) 4 Rank Business Model $ Funding # Rounds Top Funding Round Details 1▲26 Cloud Infrastructure Security $535M 9 Orca Security | $210M | Series C Link 2▲174 Cloud Security $516M 9 Orca Security | $210M | Series C Link 3▲4 Alternative Lending > Online Lenders > Business Loans > Diversified > Direct Lender $346M 2 Fundbox | $326M | Series C Link 4▲83 Blockchain Security $246M 4 Fireblocks | $133M | Series C Link 5-- In-Memory Database $210M 2 Redis Labs | $110M | Series G Link 6-- Key Value Store Database $210M 2 Redis Labs | $110M | Series G Link 7▲167 Network Routing Software $208M 1 DriveNets | $208M | Series B Link 8▲255 Digital Wallets $208M 7 stc pay | $200M | Series D Link 9▲21 Voice Analytics $200M 1 Gong | $200M | Series D Link 10▲21 Revenue Forecasting $200M 1 Gong | $200M | Series D Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 5. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report MENA Tech - Top Funded Business Models - last 1 year (2/5) 5 Rank Business Model $ Funding # Rounds Top Funding Round Details 11▲13 Secure Access Service Edge as a convergence (SASE) $171M 2 Cato Networks | $131M | Series E Link 12▲255 Internet First Direct Lender Purchase Financing $147M 6 Tamara | $110M | Series A Link 13▲34 HRMS for Enterprises $140M 2 Papaya Global | $100M | Series C Link 14▲34 Payroll Management Solutions $140M 2 Papaya Global | $100M | Series C Link 15-- Business Events Management Software $138M 1 Bizzabo | $138M | Series E Link 16-- Data as a Service > Business > Web and Mobile Metrics Data > Web Metrics Data $120M 1 SimilarWeb | $120M | Series F Link 17-- MarketingTech > Marketing Optimization > Conversion Rate Optimization > Website Analytics $120M 1 SimilarWeb | $120M | Series F Link 18-- Smart Cities > Smart Mobility > Public Transport Management $107M 1 Optibus | $107M | Series C Link 19-- Smart Public Transport > Operator Transit Planning $107M 1 Optibus | $107M | Series C Link 20-- Road Transport Tech > Mass Transit > Consumer Transit Applications > Diversified $107M 1 Optibus | $107M | Series C Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 6. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report MENA Tech - Top Funded Business Models - last 1 year (3/5) 6 Rank Business Model $ Funding # Rounds Top Funding Round Details 21-- Security Services $100M 1 Cye | $100M | Series A Link 22▲38 Professional Service Robots > Healthcare > Surgery $96.0M 1 Memic Surgery | $96.0M | Series D Link 23▼20 Cab Ride-Hailing $91.0M 2 Gett | $76.0M | Series D Link 24-- API Marketplaces $85.0M 2 RapidAPI | $60.0M | Series C Link 25-- Banking Tech > Personal Finance Management $75.0M 1 Personetics | $75.0M | Series C Link 26-- Software Licensing $75.0M 1 WhiteSource | $75.0M | Series D Link 27▲284 B2B E-Commerce Software Suite $72.0M 2 Global-e | $60.0M | Series B Link 28-- Diagnostics (by Technology) > Diagnostic Assays and Systems > In vitro Diagnostics > Cell or .. $71.0M 1 Sight Diagno.. | $71.0M | Series D Link 29-- Cancer Diagnostic Tests $66.3M 3 NovellusDx | $57.0M | Series C Link 30-- Knowledge Management Platforms for Customer Support $66.0M 2 Zoomin Softw.. | $52.0M | Series C Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 7. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report MENA Tech - Top Funded Business Models - last 1 year (4/5) 7 Rank Business Model $ Funding # Rounds Top Funding Round Details 31-- Cross Border Commerce > Enabler > Horizontal $60.0M 1 Global-e | $60.0M | Series B Link 32▲57 Autonomous Checkout Solutions $60.0M 1 Trigo | $60.0M | Series B Link 33-- Investment Tech > Alternative Investment Platforms > Equity Crowdfunding > Startups $60.0M 1 OurCrowd | $60.0M | Series C Link 34-- Cross Border Commerce $60.0M 1 Global-e | $60.0M | Series B Link 35-- Cybersecurity Suite $58.0M 2 Cynet | $40.0M | Series C Link 36-- Precision Medicine Software $57.0M 1 NovellusDx | $57.0M | Series C Link 37-- Genomics > Genomics Services > Sequencing $57.0M 1 NovellusDx | $57.0M | Series C Link 38▲61 Cancer Drugs $57.0M 1 Novellus | $57.0M | Series C Link 39-- Diagnostics (by Technology) > Diagnostic Assays and Systems > In vitro Diagnostics > Nucleic .. $55.0M 1 Nucleix | $55.0M | Series C Link 40▲206 Neurology > Drugs > Pain $52.7M 2 Novaremed | $50.0M | Series B Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 8. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report MENA Tech - Top Funded Business Models - last 1 year (5/5) 8 Rank Business Model $ Funding # Rounds Top Funding Round Details 41-- Gaming Tech > Gamers Tools > Streaming Management $52.5M 1 Overwolf | $52.5M | Series C Link 42-- Healthcare IT > Provider > Administrative Solutions > HR > Learning & Development > Learning .. $51.0M 2 Augmedics | $36.0M | Series C Link 43-- Surgical Navigation Systems $51.0M 2 Augmedics | $36.0M | Series C Link 44▼12 IT Operational Analytics $50.0M 2 ControlUp | $27.0M | Series C Link 45-- Vacation Rentals Management Software $50.0M 1 Guesty | $50.0M | Series D Link 46▼2 Employee Health IT > Tech Enabled Services > Teleconsultation > Second Opinion $50.0M 1 Tyto Care | $50.0M | Series D Link 47▲176 IoT Device Security $49.5M 4 VDOO | $25.0M | Series B Link 48-- Industrial Robotics > Tech Enablers > Actuators $48.0M 2 IRP Systems | $31.0M | Series C Link 49-- Music Tech > Music Artist IT > Copyrights Management > Licensing Marketplace $48.0M 1 ArtList | $48.0M | Series C Link 50-- Customer Data Platforms $46.0M 1 Leadspace | $46.0M | Series D Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 9. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Orca Security (2019) $210M - Series C - Mar 2021 Wiz (2020) $130M - Series B - Mar 2021 Wiz (2020) $100M - Series A - Dec 2020 Orca Security (2019) $55.0M - Series B - Dec 2020 Orca Security (2019) $20.5M - Series A - May 2020 Cyberpion (2016) $8.3M - Seed - Oct 2020 Armo (2018) $4.5M - Seed - Jan 2021 View all 9 Funding Rounds on Tracxn Platform Cloud Infrastructure Security - MENA 01 9 Back to index Cybersecurity (Check Point Software) (# Cos: 609 | $5.1B) Cloud Security (Orca Security) (# Cos: 35 | $865M) Cloud Infrastructure Security (Guardicore) (# Cos: 13 | $674M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $535M (▲619%) 9(▲200%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $674M 10 - 13 7 Guardicore (2013, $110M) Orca Security (2019, $292M) Wiz (2020, $230M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 10. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Cloud Security - MENA 02 10 Back to index Cloud Infrastructure (Orca Security) (# Cos: 60 | $1.9B) Cloud Security (Guardicore) (# Cos: 27 | $839M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $516M (▲7831%) 9(▲80%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 11 $839M 21 - 27 8 Guardicore (2013, $110M) Orca Security (2019, $292M) Odo Security (2018, $5.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Orca Security (2019) $210M - Series C - Mar 2021 Wiz (2020) $130M - Series B - Mar 2021 Wiz (2020) $100M - Series A - Dec 2020 Orca Security (2019) $55.0M - Series B - Dec 2020 Orca Security (2019) $20.5M - Series A - May 2020 Ermetic (2019) $17.3M - Series A - Jul 2020 Ermetic (2019) $10.0M - Seed - May 2020 View all 9 Funding Rounds on Tracxn Platform
- 11. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Alternative Lending > Online Lenders > Business Loans > Diversified > Direct Lender - MENA 03 11 Back to index Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $346M (▲96.6%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $630M 1 - 1 1 Alternative Lending (Souqalmal.com) (# Cos: 112 | $918M) Online Lenders (Celsius Network) (# Cos: 74 | $880M) Business Loans (Lendo) (# Cos: 28 | $681M) Diversified (Beehive) (# Cos: 8 | $653M) Direct Lender (Fundbox) (# Cos: 1 | $630M) Fundbox (2013, $630M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Fundbox (2013) $326M - Series C - May 2020 Fundbox (2013) $20.0M - Series C - May 2020
- 12. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Fireblocks (2018) $133M - Series C - Mar 2021 StarkWare (2018) $75.0M - Series B - Mar 2021 Fireblocks (2018) $30.0M - Series B - Nov 2020 Valid Network (2018) $8.0M - Seed - Jul 2020 Blockchain Security - MENA 04 12 Back to index Blockchain Infrastructure (QED-it) (# Cos: 38 | $359M) Enablers (StarkWare) (# Cos: 15 | $310M) Security (Fireblocks) (# Cos: 13 | $310M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $246M (▲1018%) 4(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $310M 7 - 13 4 Fireblocks (2018, $179M) StarkWare (2018, $111M) QED-it (2016, $10.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 13. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds In-Memory Database - MENA 05 13 Back to index Database Technology (Scylla) (# Cos: 24 | $473M) In-Memory Database (Redis Labs) (# Cos: 2 | $348M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $210M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $348M 2 - 2 1 Redis Labs (2011, $347M) Home SafePeak (2007, $860K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Redis Labs (2011) $110M - Series G - Apr 2021 Redis Labs (2011) $100M - Series F - Aug 2020
- 14. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Key Value Store Database - MENA 06 14 Back to index Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $210M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $347M 1 - 1 1 Big Data Infrastructure (Iguazio) (# Cos: 11 | $576M) Operational Processing (timbr) (# Cos: 3 | $407M) NoSQL (Scylla) (# Cos: 3 | $407M) Key Value Store (Redis Labs) (# Cos: 1 | $347M) Redis Labs (2011, $347M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Redis Labs (2011) $110M - Series G - Apr 2021 Redis Labs (2011) $100M - Series F - Aug 2020
- 15. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds DriveNets (2015) $208M - Series B - Jan 2021 Network Routing Software - MENA 07 15 Back to index Enterprise Networking (Perimeter 81) (# Cos: 45 | $1.3B) Network Software (Exaware) (# Cos: 4 | $605M) Routing Software (DriveNets) (# Cos: 1 | $325M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $208M (▲2871%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $325M 1 - 1 1 DriveNets (2015, $325M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 16. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds stc pay (2018) $200M - Series D - Nov 2020 Hala (2018) $6.5M - Series A - Mar 2021 Ziina (2020) $850K - Seed - May 2020 cwallet (2018) $220K - Seed - Jan 2021 Ziina (2020) $125K - Seed - Jan 2021 Ziina (2020) Undisclosed - Seed - Jan 2021 Dayra (2019) Undisclosed - Seed - Mar 2021 Digital Wallets - MENA 08 16 Back to index Payments (Souqalmal.com) (# Cos: 448 | $1.3B) Consumer Payments (Fawry) (# Cos: 157 | $316M) Wallets (Mamo Pay) (# Cos: 84 | $210M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $208M (▲ >10K%) 7(▲133%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $210M 14 - 84 2 Mamo Pay (2016, $1.5M) Ziina (2020, $975K) Hamrahcard Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 17. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Gong (2015) $200M - Series D - Aug 2020 Voice Analytics - MENA 09 17 Back to index Speech and Voice Recognition (Vocalis Health) (# Cos: 21 | $369M) Applications (Voiceitt) (# Cos: 17 | $367M) Voice Analytics (Gong) (# Cos: 3 | $334M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $200M (▲208%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $334M 1 - 3 1 Gong (2015, $334M) Nemesysco Voiceience Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 18. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Gong (2015) $200M - Series D - Aug 2020 Revenue Forecasting - MENA 10 18 Back to index Sales Force Automation (Metadata) (# Cos: 206 | $387M) Sales Analytics (Curve) (# Cos: 7 | $334M) Revenue Forecasting (Gong) (# Cos: 1 | $334M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $200M (▲208%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $334M 1 - 1 1 Gong (2015, $334M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 19. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Cato Networks (2015) $131M - Series E - Nov 2020 Perimeter 81 (2014) $40.0M - Series B - Aug 2020 Secure Access Service Edge as a convergence (SASE) - MENA 11 19 Back to index Cybersecurity (Check Point Software) (# Cos: 609 | $5.1B) Network Security (Illusive Networks) (# Cos: 70 | $723M) Secure Access Service Edge as a convergence (SASE) (Perimeter 81) (# Cos: 2 | $397M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $171M (▲86.9%) 2(▼33.3%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $397M 2 - 2 2 Perimeter 81 (2014, $65.0M) Cato Networks (2015, $332M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 20. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Internet First Direct Lender Purchase Financing - MENA 12 20 Back to index Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $147M (▲7233%) 6(▲500%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $149M 4 - 5 2 Alternative Lending (Souqalmal.com) (# Cos: 112 | $918M) Online Lenders (Fundbox) (# Cos: 74 | $880M) Consumer Loans (Celsius Network) (# Cos: 33 | $197M) Point of Sale Financing (Charge After) (# Cos: 9 | $157M) Direct Lender (Tabby) (# Cos: 5 | $149M) Tabby (2019, $32.0M) Tamara (2012, $116M) Shahry (2019, $650K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Tamara (2012) $110M - Series A - Apr 2021 Tabby (2019) $23.0M - Series A - Dec 2020 Tabby (2019) $7.0M - Series A - Jun 2020 Tamara (2012) $6.0M - Seed - Jan 2021 Shahry (2019) $650K - Seed - May 2020 Spotii (2019) Undisclosed - Seed - Jul 2020
- 21. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds HRMS for Enterprises - MENA 13 21 Back to index Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $140M (▲211%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $207M 6 1 56 1 HRTech (Fiverr) (# Cos: 715 | $512M) HRMS (MenaITech) (# Cos: 134 | $207M) Suite (ActionBase) (# Cos: 109 | $207M) Enterprise (Papaya Global) (# Cos: 56 | $207M) Papaya Global (2016, $190M) ActionBase (1999, $16.5M) MenaITech Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Papaya Global (2016) $100M - Series C - Mar 2021 Papaya Global (2016) $40.0M - Series B - Sep 2020
- 22. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Payroll Management Solutions - MENA 14 22 Back to index Finance & Accounting Tech (vCita) (# Cos: 184 | $317M) Payroll Management (Papaya Global) (# Cos: 11 | $190M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $140M (▲211%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $190M 2 - 11 1 Papaya Global (2016, $190M) The Mint Corporation Redha Al Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Papaya Global (2016) $100M - Series C - Mar 2021 Papaya Global (2016) $40.0M - Series B - Sep 2020
- 23. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Bizzabo (2011) $138M - Series E - Dec 2020 Business Events Management Software - MENA 15 23 Back to index Events Tech (Eventtus) (# Cos: 105 | $215M) Suite (MeetingHand) (# Cos: 7 | $194M) Business Events (Bizzabo) (# Cos: 5 | $194M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $138M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $194M 1 - 5 1 Bizzabo (2011, $194M) MeetingHand EventAct Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 24. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Data as a Service > Business > Web and Mobile Metrics Data > Web Metrics Data - MENA 16 24 Back to index Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $120M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $240M 2 - 2 1 Data as a Service (MyHeritage) (# Cos: 116 | $573M) Business (Zirra) (# Cos: 46 | $251M) Web and Mobile Metrics Data (TapDog) (# Cos: 4 | $241M) Web Metrics Data (SimilarWeb) (# Cos: 2 | $240M) SimilarWeb (2007, $240M) TapDog Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. SimilarWeb (2007) $120M - Series F - Oct 2020
- 25. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds MarketingTech > Marketing Optimization > Conversion Rate Optimization > Website Analytics - MENA 17 25 Back to index Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $120M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $240M 1 - 4 1 MarketingTech (AppsFlyer) (# Cos: 699 | $1.5B) Marketing Optimization (Dynamic Yield) (# Cos: 104 | $501M) Conversion Rate Optimization (Wix) (# Cos: 79 | $494M) Website Analytics (SimilarWeb) (# Cos: 4 | $240M) SimilarWeb (2007, $240M) Django Analytics averous Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. SimilarWeb (2007) $120M - Series F - Oct 2020
- 26. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Optibus (2014) $107M - Series C - Mar 2021 Smart Cities > Smart Mobility > Public Transport Management - MENA 18 26 Back to index Smart Cities (ZenCity) (# Cos: 76 | $281M) Smart Mobility (Waycare) (# Cos: 26 | $182M) Public Transport Management (Optibus) (# Cos: 2 | $160M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $107M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $160M 1 - 2 1 Optibus (2014, $160M) CityGraph Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 27. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Smart Public Transport > Operator Transit Planning - MENA 19 27 Back to index Smart Public Transport (Moovit) (# Cos: 10 | $298M) Operator Transit Planning (Optibus) (# Cos: 1 | $160M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $107M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $160M 1 - 1 1 Optibus (2014, $160M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Optibus (2014) $107M - Series C - Mar 2021
- 28. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Road Transport Tech > Mass Transit > Consumer Transit Applications > Diversified - MENA 20 28 Back to index Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $107M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $166M 2 - 3 2 Road Transport Tech (Careem) (# Cos: 484 | $2.4B) Mass Transit (Swvl) (# Cos: 38 | $405M) Consumer Transit Applications (Moovit) (# Cos: 17 | $304M) Diversified (Optibus) (# Cos: 3 | $166M) Optibus (2014, $160M) FanZone (2014, $6.2M) Moovex Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Optibus (2014) $107M - Series C - Mar 2021
- 29. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Cye (2011) $100M - Series A - Feb 2021 Security Services - MENA 21 29 Back to index IT Services (All Cloud) (# Cos: 4880 | $532M) Security (Claroty) (# Cos: 199 | $312M) Suite (Cye) (# Cos: 110 | $144M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $100M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 7 $144M 7 - 110 1 Cye (2011, $100M) Toka (2017, $37.5M) C2A Security (2016, $6.5M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 30. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Memic Surgery (2013) $96.0M - Series D - Apr 2021 Professional Service Robots > Healthcare > Surgery - MENA 22 30 Back to index Professional Service Robots (Fabric) (# Cos: 72 | $442M) Healthcare (Memic Surgery) (# Cos: 14 | $167M) Surgery (XACT Robotics) (# Cos: 10 | $167M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $96.0M (▲167%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $167M 8 1 10 1 XACT Robotics (2013, $55.0M) Memic Surgery (2013, $96.9M) MST (2005, $13.5M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 31. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Cab Ride-Hailing - MENA 23 31 Back to index Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $91.0M (▼60.1%) 2(▼60%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $1.7B 13 - 106 3 Road Transport Tech (Moovit) (# Cos: 484 | $2.4B) Ride Hailing (Halan) (# Cos: 134 | $1.7B) Cars (YASSIR) (# Cos: 130 | $1.7B) Taxi (Snapp) (# Cos: 127 | $1.7B) Intracity (Gett) (# Cos: 117 | $1.7B) Aggregator (Careem) (# Cos: 106 | $1.7B) Careem (2012, $772M) Gett (2010, $908M) Snapp (2014, $22.4M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Gett (2010) $76.0M - Series D - Jun 2020 Gett (2010) $15.0M - Series D - Jan 2021
- 32. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds API Marketplaces - MENA 24 32 Back to index API Management (BlazeMeter) (# Cos: 19 | $159M) API Marketplaces (RapidAPI) (# Cos: 1 | $123M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $85.0M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $123M 1 - 1 1 RapidAPI (2014, $123M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. RapidAPI (2014) $60.0M - Series C - Apr 2021 RapidAPI (2014) $25.0M - Series B - May 2020
- 33. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Banking Tech > Personal Finance Management - MENA 25 33 Back to index Banking Tech (Souqalmal.com) (# Cos: 159 | $333M) Personal Finance Management (Personetics) (# Cos: 4 | $93.0M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $75.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $93.0M 1 - 4 1 Personetics (2011, $93.0M) QiCard Singularity Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Personetics (2011) $75.0M - Series C - Feb 2021
- 34. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds WhiteSource (2011) $75.0M - Series D - Apr 2021 Software Licensing - MENA 26 34 Back to index Application Development Tools (Wix) (# Cos: 108 | $332M) Code Management (EZSource) (# Cos: 5 | $121M) Software Licensing (WhiteSource) (# Cos: 2 | $121M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $75.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $121M 1 - 2 1 WhiteSource (2011, $121M) TechoPhil Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 35. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Global-e (2013) $60.0M - Series B - Jun 2020 GigaSpaces (2000) $12.0M - Series D - May 2020 B2B E-Commerce Software Suite - MENA 27 35 Back to index B2B E-Commerce (Jarir) (# Cos: 118 | $331M) Technology Enablers (GigaSpaces) (# Cos: 31 | $205M) E Commerce Software Suite (Global-e) (# Cos: 9 | $173M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $72.0M (▲ >10K%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $173M 4 - 9 2 Global-e (2013, $110M) GigaSpaces (2000, $48.0M) Garment IO (2017, $450K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 36. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Diagnostics (by Technology) > Diagnostic Assays and Systems > In vitro Diagnostics > Cell or Tissue-based > Histopathology > Integrated Solutions - MENA 28 36 Back to index Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $71.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $124M 1 - 2 1 Diagnostics (by Technology) (Ibex) (# Cos: 218 | $1.2B) Diagnostic Assays and Systems (Nucleix) (# Cos: 46 | $255M) In vitro Diagnostics (MyHeritage) (# Cos: 45 | $255M) Cell or Tissue-based (OneCell Medical) (# Cos: 6 | $124M) Histopathology (BioView) (# Cos: 3 | $124M) Integrated Solutions (Sight Diagnostics) (# Cos: 2 | $124M) Sight Diagnostics (2011, $124M) OnTimeBio Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Sight Diagnostics (2011) $71.0M - Series D - Jul 2020
- 37. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds NovellusDx (2011) $57.0M - Series C - Sep 2020 ONCOHOST (2017) $8.0M - Series B - Jan 2021 Limaca Medical (2017) $1.3M - Seed - Nov 2020 Cancer Diagnostic Tests - MENA 29 37 Back to index Oncology (Ibex) (# Cos: 147 | $1.2B) In-Vitro Diagnostic Tests (Nucleix) (# Cos: 50 | $189M) Pan Cancer (ONCOHOST) (# Cos: 12 | $94.8M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $66.3M ( -- ) 3( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $94.8M 8 - 12 1 ONCOHOST (2017, $8.0M) NovellusDx (2011, $85.5M) Limaca Medical (2017, $1.3M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 38. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Zoomin Software (2015) $52.0M - Series C - Mar 2021 Zoomin Software (2015) $14.0M - Series B - Dec 2020 Knowledge Management Platforms for Customer Support - MENA 30 38 Back to index Customer Service Software (TechSee) (# Cos: 157 | $134M) Self Service (Nanorep) (# Cos: 24 | $70.1M) Knowledge Management (Zoomin Software) (# Cos: 11 | $67.3M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $66.0M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $67.3M 4 - 11 1 Zoomin Software (2015, $66.0M) Nanorep (2009, $1.3M) xFind Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 39. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Global-e (2013) $60.0M - Series B - Jun 2020 Cross Border Commerce > Enabler > Horizontal - MENA 31 39 Back to index Cross Border Commerce (JollyChic) (# Cos: 20 | $262M) Enabler (Borderfree) (# Cos: 9 | $151M) Horizontal (Global-e) (# Cos: 3 | $151M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $60.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $151M 3 1 3 1 Global-e (2013, $110M) Borderfree (1999, $26.8M) FiftyOne (2007, $14.1M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 40. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Autonomous Checkout Solutions - MENA 32 40 Back to index Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $60.0M (▲173%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $94.0M 2 - 3 1 Autonomous Retail (NQ) (# Cos: 10 | $107M) Physical Stores (Store Power) (# Cos: 10 | $107M) Technology Enablers (Supersmart) (# Cos: 10 | $107M) Autonomous Store Platform (Trigo) (# Cos: 3 | $94.0M) Trigo (2018, $94.0M) WalkOut CYB-ORG Technologies Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Trigo (2018) $60.0M - Series B - Dec 2020
- 41. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Investment Tech > Alternative Investment Platforms > Equity Crowdfunding > Startups - MENA 33 41 Back to index Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $60.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $167M 2 - 17 1 Investment Tech (Investing.com) (# Cos: 428 | $432M) Alternative Investment Platforms (Magnitt) (# Cos: 74 | $191M) Equity Crowdfunding (Skyline) (# Cos: 42 | $190M) Startups (OurCrowd) (# Cos: 17 | $167M) OurCrowd (2013, $167M) iAngels Scopeer Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. OurCrowd (2013) $60.0M - Series C - Nov 2020
- 42. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Global-e (2013) $60.0M - Series B - Jun 2020 Cross Border Commerce - MENA 34 42 Back to index E-Commerce Enablers (Namogoo) (# Cos: 347 | $1.2B) Ecommerce Software Suite (Expand Cart) (# Cos: 40 | $124M) Cross Border Commerce (Global-e) (# Cos: 1 | $110M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $60.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $110M 1 - 1 1 Global-e (2013, $110M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 43. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Cybersecurity Suite - MENA 35 43 Back to index Cybersecurity (CyberArk) (# Cos: 609 | $5.1B) Suite (Check Point Software) (# Cos: 6 | $83.7M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $58.0M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $83.7M 3 1 6 2 Check Point Software (1993, $400K) Cynet (2014, $79.0M) Covertix (2006, $4.3M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Cynet (2014) $40.0M - Series C - Mar 2021 Cynet (2014) $18.0M - Series B - Jun 2020
- 44. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Precision Medicine Software - MENA 36 44 Back to index Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $57.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $85.5M 1 - 1 1 Diagnostics (by Technology) (MyHeritage) (# Cos: 218 | $1.2B) Diagnostic Software (Ibex) (# Cos: 41 | $317M) Bioinformatics (Taliaz Health) (# Cos: 5 | $85.5M) Precision Medicine (FAIZGEN Bioinformatics Solutions) (# Cos: 5 | $85.5M) Therapy Selection (NovellusDx) (# Cos: 1 | $85.5M) NovellusDx (2011, $85.5M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. NovellusDx (2011) $57.0M - Series C - Sep 2020
- 45. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds NovellusDx (2011) $57.0M - Series C - Sep 2020 Genomics > Genomics Services > Sequencing - MENA 37 45 Back to index Genomics (MyHeritage) (# Cos: 132 | $526M) Genomics Services (DNAtix) (# Cos: 10 | $85.5M) Sequencing (NovellusDx) (# Cos: 6 | $85.5M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $57.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $85.5M 3 - 6 1 NovellusDx (2011, $85.5M) DNAtix FDNA Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 46. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Novellus (2012) $57.0M - Series C - Sep 2020 Cancer Drugs - MENA 38 46 Back to index Oncology (Ibex) (# Cos: 147 | $1.2B) Drugs (RedHill Biopharma) (# Cos: 63 | $430M) Pan Cancer (Novellus) (# Cos: 8 | $130M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $57.0M (▲208%) 1(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $130M 5 - 8 2 Novellus (2012, $75.5M) KAHR Medical (2005, $35.3M) Biond Biologics (2016, $17.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 47. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Diagnostics (by Technology) > Diagnostic Assays and Systems > In vitro Diagnostics > Nucleic Acid-based > Sequencing-based > Genomics > Epigenomics > Liquid Biopsy - MENA 39 47 Back to index Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $55.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $66.5M 1 - 1 1 Diagnostics (by Technology) (Ibex) (# Cos: 218 | $1.2B) Diagnostic Assays and Systems (Todos Medical) (# Cos: 46 | $255M) In vitro Diagnostics (Sight Diagnostics) (# Cos: 45 | $255M) Nucleic Acid-based (Glycominds) (# Cos: 22 | $123M) Sequencing-based (Igentify) (# Cos: 19 | $123M) Genomics (MyHeritage) (# Cos: 19 | $123M) Liquid Biopsy (Nucleix) (# Cos: 1 | $66.5M) Nucleix (2008, $66.5M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Nucleix (2008) $55.0M - Series C - Apr 2021
- 48. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Novaremed (2008) $50.0M - Series B - Jan 2021 Novaremed (2008) $2.7M - Series A - Sep 2020 Neurology > Drugs > Pain - MENA 40 48 Back to index Neurology (Rapid Medical) (# Cos: 115 | $685M) Drugs (NeuroRx) (# Cos: 33 | $373M) Pain (Kitov pharma) (# Cos: 3 | $72.4M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $52.7M (▲1908%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $72.4M 2 1 3 1 Kitov pharma Novaremed (2008, $72.4M) TrioxBio Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 49. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Overwolf (2009) $52.5M - Series C - Mar 2021 Gaming Tech > Gamers Tools > Streaming Management - MENA 41 49 Back to index Gaming Tech (Supersonic) (# Cos: 65 | $691M) Gamers Tools (StreamElements) (# Cos: 4 | $86.8M) Streaming Management (Overwolf) (# Cos: 3 | $86.0M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $52.5M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $86.0M 3 - 3 2 Overwolf (2009, $74.7M) StreamElements (2016, $11.3M) PlayStream Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 50. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Healthcare IT > Provider > Administrative Solutions > HR > Learning & Development > Learning platforms > Simulation based > AR & VR - MENA 42 50 Back to index Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $51.0M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $63.0M 1 - 1 1 Healthcare IT (Ibex) (# Cos: 632 | $1.3B) Provider (Vezeeta) (# Cos: 464 | $871M) Administrative Solutions (Datos Health) (# Cos: 135 | $112M) HR (DoctorKSA) (# Cos: 25 | $66.0M) Learning & Development (Extreme Simulations) (# Cos: 24 | $66.0M) Learning platforms (MedFlyt) (# Cos: 18 | $66.0M) Simulation based (eDOcate) (# Cos: 5 | $66.0M) AR & VR (Augmedics) (# Cos: 1 | $63.0M) Augmedics (2014, $63.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Augmedics (2014) $36.0M - Series C - Mar 2021 Augmedics (2014) $15.0M - Series B - Jun 2020
- 51. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Surgical Navigation Systems - MENA 43 51 Back to index Surgical Instruments (LifeBond) (# Cos: 49 | $329M) Navigation Systems (Augmedics) (# Cos: 11 | $81.3M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $51.0M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 3 $81.3M 8 - 11 1 Augmedics (2014, $63.0M) ActiViews (2006, $10.0M) Visionsense (1998, $8.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Augmedics (2014) $36.0M - Series C - Mar 2021 Augmedics (2014) $15.0M - Series B - Jun 2020
- 52. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds ControlUp (2009) $27.0M - Series C - Nov 2020 Logz.io (2014) $23.0M - Series D - Nov 2020 IT Operational Analytics - MENA 44 52 Back to index Big Data Analytics (Sisense) (# Cos: 79 | $1.3B) Enterprise Solutions (Datorama) (# Cos: 24 | $341M) IT Ops (Logz.io) (# Cos: 6 | $192M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $50.0M (▼19.4%) 2( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $192M 5 - 6 3 Logz.io (2014, $123M) Loom Systems (2015, $16.0M) ControlUp (2009, $40.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 53. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Guesty (2013) $50.0M - Series D - Apr 2021 Vacation Rentals Management Software - MENA 45 53 Back to index Hotel IT (HotelOnline) (# Cos: 54 | $150M) Hotel Management Suite (Orascom Hotels Management) (# Cos: 22 | $110M) Vacation Rental (Guesty) (# Cos: 2 | $110M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $50.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $110M 1 - 2 1 Guesty (2013, $110M) MiaTua Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 54. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Employee Health IT > Tech Enabled Services > Teleconsultation > Second Opinion - MENA 46 54 Back to index Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $50.0M ( <> 0% ) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $155M 1 - 2 1 Employee Health IT (Dayzz) (# Cos: 34 | $178M) Tech Enabled Services (Hello Heart) (# Cos: 23 | $178M) Teleconsultation (Mobiledoctors24-7) (# Cos: 5 | $155M) Second Opinion (Tyto Care) (# Cos: 2 | $155M) Tyto Care (2011, $155M) Dubai Health Booking Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Tyto Care (2011) $50.0M - Series D - Mar 2021
- 55. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds VDOO (2017) $25.0M - Series B - Jan 2021 Securithings (2014) $14.0M - Series A - Feb 2021 Sternum (2018) $6.5M - Series A - Sep 2020 Regulus Cyber (2016) $4.0M - Series B - May 2020 IoT Device Security - MENA 47 55 Back to index Internet of Things Infrastructure (Altair) (# Cos: 112 | $609M) IoT Security (Argus Cyber Security) (# Cos: 31 | $203M) Device Security (VDOO) (# Cos: 17 | $164M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $49.5M (▲1275%) 4(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $164M 13 - 17 6 VDOO (2017, $70.0M) Regulus Cyber (2016, $10.3M) Securithings (2014, $17.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 56. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds IRP Systems (2015) $31.0M - Series C - Apr 2021 IRP Systems (2015) $17.0M - Series B - May 2020 Industrial Robotics > Tech Enablers > Actuators - MENA 48 56 Back to index Industrial Robotics (Brillianetor) (# Cos: 10 | $57.0M) Tech Enablers (RobotAI) (# Cos: 8 | $57.0M) Actuators (IRP Systems) (# Cos: 1 | $57.0M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $48.0M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $57.0M 1 - 1 1 IRP Systems (2015, $57.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 57. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Music Tech > Music Artist IT > Copyrights Management > Licensing Marketplace - MENA 49 57 Back to index Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $48.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $48.0M 1 - 1 1 Music Tech (JoyTunes) (# Cos: 123 | $160M) Music Artist IT (Feature.fm) (# Cos: 37 | $53.0M) Copyrights Management (Revelator) (# Cos: 4 | $51.0M) Licensing Marketplace (ArtList) (# Cos: 1 | $48.0M) ArtList (2016, $48.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. ArtList (2016) $48.0M - Series C - Jun 2020
- 58. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Recent Funding Rounds Leadspace (2007) $46.0M - Series D - Feb 2021 Customer Data Platforms - MENA 50 58 Back to index MarketingTech (Wix) (# Cos: 699 | $1.5B) Marketing Data Platforms (CoolaData) (# Cos: 16 | $162M) Customer Data Platforms (Leadspace) (# Cos: 14 | $162M) Taxonomy $ Invested in last 1 year in MENA Tech Key Stats # Funding Rounds in last 1 year in MENA Tech $46.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 3 $162M 8 - 14 1 Leadspace (2007, $102M) CoolaData (2012, $13.0M) eXelate (2007, $31.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 59. MENA Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Recent funding rounds Investment Trends Most Active Investors Top Funded Business Models Explore more on Tracxn All Tech Companies MENA Tech Companies Online Travel Companies Companies using AI in Healthcare Companies founded by Stanford GSB Alumni Soonicorn club in Fintech Analyst Picks in MENA Tech Key News in FinTech Events in United States Angel Investors in MENA Bluebox Companies Investment Activity Miscellaneous Company Detail Page of Gong Competitors of AppsFlyer Cap Table for TransferWise Financials for Ola Employee Count for Revolut Company Due Diligence Exits Public Companies Acquired Companies Most Active Acquirers Reports monday.com - Company Report Novel Foods - Business Model Report HRTech - Feed Report FinTech - Top Business Models Report US Tech - Top Business Models Report US Tech - Monthly Report 59
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- 61. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. MENA Tech - Top Business Models Report Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Private Limited including but not limited to the information contained herein ("Data") is the sole property of Tracxn Technologies Private Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information. For further information please refer to our Terms of Use at www.tracxn.com