Business2 hrs ago

Israel Leads $381M African‑Middle East Startup Funding Surge with AI and Quantum Raises

Israeli startups drew $290M of the week’s $381M funding across Africa and the Middle East, led by AI and quantum rounds; UAE’s Comfi added $65M for B2B payments.

Elena Voss/3 min/NG

Business & Markets Editor

TweetLinkedIn
Israel Leads $381M African‑Middle East Startup Funding Surge with AI and Quantum Raises
Source: TechloyOriginal source

TL;DR: Israeli startups captured $290 million of the $381 million raised across Africa and the Middle East this week, led by a $150 million healthcare‑AI round and a $140 million quantum‑computing extension. The UAE’s Comfi secured $65 million for B2B payments, while Ethiopia’s Dodai and Dubai’s Udora added $13 million and $10 million respectively.

Context

Startups in Africa and the Middle East collectively raised $381 million in disclosed funding this week, according to Techloy data. The surge reflects continued investor interest in deep‑tech and financial‑innovation sectors across the region. Israel accounted for the majority of the total, with two landmark rounds driving the figure.

Key Facts

Aidoc, an Israeli healthcare‑AI company, raised $150 million in a Series E round led by Goldman Sachs Alternatives’ Growth Equity arm, with participation from General Catalyst, SoftBank Vision Fund 2, and NVIDIA’s NVentures. The funds will expand disease coverage and build automated reporting tools for CT and X‑ray workflows. Quantum Art, also based in Israel, added $140 million to its Series A, bringing total recent investment to $240 million. The round, led by Bedford Ridge Capital, supports development of its Perspective quantum computer and a pay‑per‑use access platform. Comfi, a UAE fintech, secured $65 million in a pre‑Series A round led by Iliad Partners, with Yango Ventures, Raw Ventures, Partners for Growth, and Shorooq participating. The capital will enhance its B2B payment platform that settles supplier invoices within 24 hours. Additional deals included Dodai’s $13 million Series A for electric motorbikes and battery‑swapping stations in Ethiopia, and Udora’s $10 million round to relaunch its gifting platform in Dubai.

What It Means

The concentration of funding in Israeli AI and quantum ventures signals confidence in high‑growth, technology‑intensive startups that can scale globally. Meanwhile, fintech and e‑mobility investments point to persistent demand for solutions that address payment inefficiencies and green transportation in emerging markets. The mix of large deep‑tech checks and smaller regional deals suggests a bifurcated funding landscape where both breakthrough infrastructure and localized services attract capital.

Watch for follow‑on rounds from Aidoc and Quantum Art as they deploy the new capital, and for expansion updates from Comfi, Dodai, and Udora in the coming quarters.

TweetLinkedIn

More in this thread

Reader notes

Loading comments...