Funding Frenzy Amid MENA Chaos: Discover Which Startups Are Raking in Millions Before It's Too Late!

In a show of resilience amidst ongoing geopolitical tensions from the Iran conflict, startups in the Middle East and North Africa (MENA) region have demonstrated remarkable momentum by securing significant funding last week across various sectors. This comes on the heels of a record-breaking year in 2025 when MENA startups raised a staggering $7.5 billion, marking a 225 percent increase from the previous year, as reported by Wamda.

However, the investment landscape faced a downturn in March, with only 17 startups raising a total of $48.3 million. This represented an alarming 85 percent decline from February and a 62 percent drop compared to the same month in 2025, making it one of the weakest months seen in recent years for the region's startup ecosystem. Yet, last week's funding surge across key growth sectors like fintech, artificial intelligence, and foodtech signals a revival of investor confidence.

Udora Secures $10 Million for Saudi Expansion

Among the notable funding rounds, Udora, a gifting platform based in Dubai, raised $10 million in a private funding round aimed at scaling its operations in the region and expanding into Saudi Arabia later this year. The funds will be utilized to enhance its product catalog, accelerate localization efforts, and improve its technology stack, including the implementation of new AI-powered personalization tools to elevate user experience and marketplace efficiency. The company plans to launch its offerings in Saudi Arabia by the third quarter of 2026, recognizing the Kingdom's potential as a key growth driver due to its young, digitally savvy consumer base and widespread e-commerce adoption.

Founded in 2014 by Slava Bogdan, Udora connects customers with local florists, confectioners, and artisan sellers across more than 50 markets and 1,500 cities.

Signit Raises $15 Million

Another significant funding round was secured by Signit, a Saudi-based AI-powered technology firm, which raised $15 million in a Series A funding round led by Raed Ventures with participation from STV, Seedra Ventures, Takamol Ventures, and Suhail Ventures. Founded in 2021, Signit offers a digital agreement platform allowing organizations to create, sign, and manage contracts seamlessly. Currently, it serves over 700 customers across various sectors, including government, financial services, and healthcare.

Co-founder and CEO Mohamed El Abbouri stated, “This funding lets us build the full picture: a single platform where a contract is created, negotiated, approved, signed, and managed — all compliant, all built for how business actually works here.” The new capital will enhance its contract management platform, introducing AI-powered drafting, negotiation, and compliance capabilities.

Comfi Raises $95 Million

In a remarkable move, UAE-based fintech firm Comfi successfully raised $95 million in a pre-Series A funding round led by Iliad Partners, with participation from Yango Ventures and Raw Ventures. This round included a credit facility from Partners for Growth and a mezzanine facility structured by Shorooq, alongside contributions from a notable family office. Founded in 2023 by Sanjar Samiev, Alisher Akbarov, Amal Abdullaev, and Denis Gavrilin, Comfi specializes in business-to-business buy now, pay later solutions for small and medium-sized enterprises.

Samiev commented, “This pre-Series A round gives us the resources to scale our products, strengthen our regional partnerships, and expand access to fast, reliable working capital across MENA.” With over 15,000 invoices processed and partnerships with more than 4,000 finance leaders, Comfi’s growth underscores the demand for flexible capital solutions in the SME sector.

Lola Secures $3 Million Seed Round

Additionally, Lola, a Bahrain-based direct-to-consumer food tech platform, raised $3 million in a seed funding round led by Vision Ventures, with support from Aljazira Capital, Seedra Ventures, and Plus VC. The funding will facilitate the development of a central production facility in Dammam, enhancing consistency and scalability in its operations. Founder Othman Janahi expressed, “This funding allows us to scale that vision, strengthen our infrastructure, and maintain full control over the customer experience.”

BRKZ Secures Investment from Saudi Industrial Investment Co.

Lastly, BRKZ, a Saudi company focused on industrial supply chain enablement, received a strategic investment from Saudi Industrial Investment Co., part of the Saudi Industrial Development Fund. This funding will accelerate factory productivity, improve liquidity access, and enhance capacity utilization rates. CEO Ibrahim Manna stated, “This investment reflects SIC’s confidence in ambitious Saudi companies; we view this as a strategic partnership and a great responsibility to continue building a tangible impact in line with Saudi Vision 2030.”

As the MENA startup ecosystem continues to evolve, the recent funding activity reflects both resilience and opportunity in the face of geopolitical challenges. Investors are signaling renewed confidence in high-growth sectors, paving the way for innovative solutions and economic growth across the region.