2018-11-07 @ 06:10:00

Top 100 Startups in the Middle East 2018

The Middle East’s startup ecosystem continues to mature as entrepreneurs look to tap innovative business opportunities across the region. Investors too have an increased appetite for funding as they invest in MENA-based startups that fix transit systems, insure people, facilitate e-payments and even offer robo-backed investment advisory solutions.
For the second consecutive year, Forbes Middle East reveals its annual list of Top 100 Startups In The Middle East that rounds up companies offering innovative solutions to some of the challenges that the region’s businesses and consumers face. The list highlights the 100 startups in the region that have bagged most funding—with the startup’s age not exceeding six years. These startups possess the potential to scale-up into bigger businesses in the near future.
In order to qualify for the list, startups should be no more than six years old. While many young companies do not qualify for the list in 2018, they still continue to bag the highest amounts of funding from the region’s investors. We have formed a separate list called 12 Up And Coming Companies that compiles these high achievers.
The U.A.E. remains the hub for entrepreneurial activity in the Middle East, with the majority of startups based out of the country.  However, startup ecosystem in Egypt, Lebanon and Jordan also showed signs of growth with many catching the investors’ fancy through their innovative solutions.
This year 2018 has also been significant for startups within our lists since many have secured funding from regional and international investors. More funding deals can be expected since many are just finishing the formalities as the year ends.
Within the two lists we have 217 founders from 35 different nationalities. The startups and companies bagged $610.3 million in total funding from external investors, with 93% of them securing more than $1 million each.
In this edition, we also list the 50 Most Active Investors who have been successfully identifying entrepreneurial talent across the region and helping them grow by injecting funds.
  • 1 # Fetchr
  • 2 # HolidayMe
  • 3 # Vezeeta
  • 4 # PayTabs
  • 5 # ekar
  • 6 # Mawdoo3
  • 7 # Souqalmal.com
  • 8 # Lamsa
  • 9 # Beehive
  • 10 # Yallacompare
ImageRankNameDescriptionFoundersFundingCountryFounded

1

Fetchr

GPS-based shipping

Idriss Al Rifai - Joy Ajlouny

$52 M

U.A.E.

2012

2

HolidayMe

Customized travel services

Geet Bhalla - Digvijay Pratap - Mansour Bin Madi

$24 M

U.A.E.

2013

3

Vezeeta

Digital healthcare platform empowering consumers

Amir Barsoum

$ 22.6 M

Egypt

2012

4

PayTabs

Online payment processing solutions

Abdulaziz Fahad Aljouf

$20 M

Saudi Arabia

2014

5

ekar

Car-sharing service

Vilhelm Hedberg

$ 16.8 M

U.A.E.

2016

6

Mawdoo3

online Arabic content platform

Mohammad Jaber - Rami Al- Qawasmi

$ 15.5 M

Jordan

2012

7

Souqalmal.com

Financial products comparison site

Ambareen Musa

$ 15 M

U.A.E.

2012

8

Lamsa

Arabic digital content for kids

Badr Ward

$ 12.55 M

U.A.E.

2013

9

Beehive

SME focused peer2peer lending platform

Craig Moore

$ 11.5 M

U.A.E.

2014

10

Yallacompare

Financial products comparison site

Jon Richards - Samer Chehab

$10.1 M

U.A.E.

2012

11

InstaShop

Grocery delivery app

John Tsioris - Ioanna Angelidaki

$ 9.5 M

U.A.E.

2015

12

Scriptr

IoT application platform

Rabih Nassar

$8.5 M

Lebanon

2015

13

ServiceMarket

Moving and home services

Bana Shomali - Wim Torfs

$8.3 M

U.A.E.

2014

14

Helpling

Online platform for on-demand home services

Manar Alkassar

U.A.E.

2015

15

Wuzzuf

Recruitment platform

Ameer Sherif

$ 8 M

Egypt

2012

16

Swvl

Mass transit system

Mostafa Kandil - Mahmoud Nouh - Ahmed Sabbah

$ 8 M

Egypt

2017

17

Bayzat

Online health insurance and HR solutions provider

Talal Bayaa - Brian Habibi

$7.6 M

U.A.E.

2014

18

Sprii.com

Online retailer of children merchandise and womenswear

Sarah Jones

U.A.E.

2014

19

ReserveOut

Online restaurant guide and booking

Khalil Shadid

$7.1 M

U.A.E.

2012

20

Mybox

On demand home services

Bader and Fahad Al Kalooti

$7 M

U.A.E.

2014

21

Almentor

Online video e-learning platform

Ihab Fikry - Ibrahim Kamel - Hesham Heikal - Husni Khuffash - Abdelrhamn Fahmy

$ 7 M

U.A.E.

2016

22

Enerwhere

Commercial-scale solar panels

Daniel Zywietz

$ 6.7 M

U.A.E.

2012

23

360VUZ

Virtual reality and 360� videos mobile app

Khaled Zaatarah

U.A.E.

2016

24

Justmop.com

On-demand home cleaning services

Kerem Kuyucu - Ali Cagatay Ozcan

$ 5.7 M

U.A.E.

2015

25

Morni

On-demand roadside assistance

Salman Al-Suhaibaney

$5.6 M

Saudi Arabia

2014

26

Eureeca

Crowdfunding platform

Christoper Thomas - Sam Quawasmi

$ 5.3 M

U.A.E.

2013

27

Myki

Cybersecurity

Antoine Vincent Jebara - Priscilla Elora Sharuk

$ 5.2 M

Lebanon

2015

28

Batuta

Hotel booking platform

Kamil Silbak - Amir Ounallah

$ 5 M

Palestine

2012

29

Falafel Games

Develops and publishes massively multiplayer online games

Vincent Ghossoub - Radwan Kasmiya

$4.8 M

Lebanon

2016

30

Acacus Technologies

Optimization software for transport - logistics and aviation industries

Talal Ben Halim - Herve Marchet

$ 4.7 M

U.A.E.

2013

31

AppMahal

Social media application developer

Mona Haddad

$ 4.5 M

Palestine

2014

32

Eat

Restaurant reservations

Nezar Kadhem

$ 4.4 M

U.A.E.

2015

33

Udrive

Car sharing platform

Hasib Khan

$ 4.3 M

U.A.E.

2016

34

Foodics

Cloud-based restaurant management system

Ahmad AlZaini and Mosab AlOthmani

$ 4.25 M

Saudi Arabia

2013

35

TruKKer

On-demand truck aggregator

Gaurav Biswas - Pradeep Mallavarapu

$ 4.1 M

U.A.E.

2016

36

Maison Privee

Virtual hotel operator

Rami Shamaa - Paul Mallee

$ 4 M

U.A.E.

2017

37

ShopGo

E-commerce platform

Lubna Taimeh - Noora Shanak

$3.4 M

Jordan

2012

38

Ghinwa

Digital music talent show

Mohammad AlMunaikh - Bader Althous and Alfonso Fernandez

$ 3.2 M

Kuwait

2015

39

Instabug

Software glitches in apps detecting tool

Moataz Soliman - Omar Gabr

$ 3.1 M

Egypt

2012

40

STEP Group

Digital and new media company

Ray Dargham - Bahaa Moussalli - Nizar Fakih

$ 3 M

U.A.E.

2012

41

Designer-24

Online designer dress rental company

Sara Alemzadeh - Ranya Khalil

U.A.E.

2014

42

insydo

Online guide for the U.A.E.

Tanaz Dizadji - Siobhain Spear - Sami El Tamawy

$ 3 M

U.A.E.

2014

43

Bloovo

Algorithmic job matching portal

Ahmad Khamis - Iyad Abu Hweij

U.A.E.

2015

44

Yaoota

Online price comparison

Sherif ElRakabawy - Mohamed Ewis

$ 2.7 M

Egypt

2014

45

Onegcc

Online recruitment platform for GCC nationals

Fatima Albalooshi - Alharith Alatawi - Mohamed Zaman - Angelo Embuldeniya

$ 2.5 M

Bahrain

2015

46

Tamatem

Mobile game publisher

Hussam Hammo

$ 2.5 M

Jordan

2014

47

Seez

Marketplace for used cars

Tarek and Andrew Kabrit

$ 2.38 M

U.A.E.

2015

48

CarSwitch.com

Online marketplace for used cars

Imad Hammad - Ali Malik

$ 2.3 M

U.A.E.

2016

49

Skiplino

Multilingual cloud based queue management system

Alharith Alatawi - Zaman AH. Zaman - Ricardo Gaspar

$ 2.3 M

Bahrain

2016

50

el Grocer

Grocery delivery marketplace

Nader Amiri - Raed Hafez

$ 2.2 M

U.A.E.

2015

51

POSRocket

Cloud-based Point-of-sale platform

Zeid Husban

$ 2.15 M

Jordan

2016

52

YouGotaGift.com

Electronic greeting and gift cards

Husain Makiya - Abed Bibi

$ 2.1 M

U.A.E.

2013

53

joi gifts

Online physical gifs platform

Alper Celen - Ritesh Tilani

$ 2.1 M

U.A.E.

2015

54

B8ak

Home maintenance platform

Khalid Al-Hmili - Eyad Al-Shabaan

$2 M

Saudi Arabia

2015

55

Washmen

On-demand laundry pickup

Jad Halaoui - Rami Shaar

U.A.E.

2015

56

Eventtus

Platform for events ticket sales and audience engagement

Mai Medhat - Nihal Fares

Egypt

2012

57

En2l

app and online transportation service provider

Ahmed Darwish

$2 M

Egypt

2017

58

Remitr

Money transfer app

Kanchan Kumar - Sandeep Jhingran - Altaf Ahmed - Sandeep Todi

$2 M

U.A.E.

2015

59

Hmall.ma

B2C general merchandise marketplace

Kamal Reggad

$2 M

Morocco

2012

60

LUNCH:ON

Ordering lunch via email or SMS

Mohammad Al Zaben - Dana Baki

$ 2 M

U.A.E.

2015

61

Kamkalima

Arabic interactive learning platfrom for K-12

Siroun Shamigian - Nisrine Makkouk

$2 M

Lebanon

2015

62

MrUsta

On-demand customer services

Ibrahim Colak

$1.9 M

U.A.E.

2014

63

Nabbesh

Freelance work marketplace

Loulou Khazen Baz

$1.8 M

U.A.E.

2012

64

Cognitev

Marketing automation platform

Moustafa Mahmoud - Ahmed Hassan - Maha Refai

$1.7 M

Egypt

2015

65

THE LIST

Marketplace for luxury collectibles

Andreas Skorski

U.A.E.

2016

66

Crowd Analyzer

Arabic-focused social media monitoring platform

Ahmed Saad - Bahaa Galal

$1.7 M

U.A.E.

2015

67

GEEKS

On-demand computer repairs

Mousa Yassin - Fathi Al Sharif - Ala Majaj

$1.6 M

U.A.E.

2014

68

Brate

Products - services and businesses marketplace

Shadi Tabbara - Samih Harfouche

$1.6 M

Lebanon

2012

69

brndstr

Bot studio for brands

Simon Hudson

$1.6 M

U.A.E.

2013

70

ChefXchange

Online marketplace to book private chef

Karl Naim - Marc Washington

$1.6 M

U.A.E.

2015

71

Tap Payments

Simplifying online payments

Ali Abulhasan - Ahmed Almunayes - Mohammed Abulhasan

Kuwait

2013

72

Sarwa

Robo wealth advisor

Mark Chahwan - Jad Sayegh - Nadine Mezher

$1.5 M

U.A.E.

2017

73

OfficeRock.com

Online retailer for office supplies

Christopher Queitsch - Rami Al Saleh

$1.5 M

U.A.E.

2012

74

SchoolVoice

Interactive platform for schools and parents

Ali Bin Yahia

$1.5 M

U.A.E.

2017

75

Risk+ Solutions

Financial intelligence and risk management solutions

Jad Doumith -Chadi El Nawar

$1.5 M

Lebanon

2017

76

Chaino

Social networking platform

Ali Zewail - Mohamed Nar

$1.4 M

Egypt

2015

77

Elves

Personal helper

Karim Elsahy - Abeer Elsisy

$1.3 M

Egypt

2016

78

Nibras

Online courses for employees

Ammar Khayyat

U.A.E.

2014

79

Melltoo

Reseller marketplace

Morrad Irsane - Sharene Lee

$1.3 M

U.A.E.

2014

80

Loop

Electric scooter sharing technology

Anwar Sukkarie

$1.3 M

Lebanon

2015

81

Yumamia

Peer-to-peer foodie app

Belal El Borno - Mahmoud El Maghraby

$1.2 M

Egypt

2014

82

FalconViz

3D aerial survey and mapping

Anas Dahlawi - Neil Smith - Luca Passone - Mohamed Shalaby

$1.1 M

Saudi Arabia

2015

83

CTM360

Cyber Security

Mirza Asrar Baig

$ 1 M

Bahrain

2014

84

MAGNiTT

Data platform

Philip Bahoshy

$ 1 M

U.A.E.

2014

85

La Reina

Online platform for rental couture

Ghada El-Tanawy - Amr Diab

$1 M

Egypt

2016

86

Brand Ripplr

Ad-Tech platform to automate influencer marketing process for businesses.

Tanaz Dizadji - Siobhain Spear - Sami El Tamawy

$ 1 M

U.A.E.

2017

87

Whizztips

Online marketplace to find help

Prajit Arakkal - Richard Pakenham - Suchira Joshi

$1 M

U.A.E.

2015

88

Votek

Arabic voice recognition

Lojain Jibawi - Sawsan Said

$1 M

U.A.E.

2014

89

TaskSpotting

Customer rewards

Karim Aly - Dirk Stevens

$1 M

U.A.E.

2014

90

Shawarmanji

Fast food chain

Danny El Georr - Nizar El Hashem - Elias Chabtini

$1 M

U.A.E.

2012

91

LoadME

On-demand truck transportation

Sebastian Stefan - Sebastian Morar - Claudia Pacurar

$952K

U.A.E.

2014

92

WakeCap

Safety and tracking device

Hassan Albalawi - Ishita Sood Kochhar -Roy Gilsing - Rene Wassenburg - Rami Nassouh

$ 950 K

U.A.E.

2017

93

Black Cube Solutions

education technology

Peer Mohaideen Sait

U.A.E.

2017

94

Collectionair

Online art gallery

Valerie Konde - Olivier Varenne

$ 900 K

U.A.E.

2015

94

Democrance

Insurance marketplace for the underserved

Michele Grosso - Alberto Perez

$ 800 K

U.A.E.

2015

95

Shelvz

cloud-based SaaS to automate data collection to provide real-time visibility & analytics to businesses

Emile Harb

$ 800 K

Lebanon

2017

96

GoodsMart

Online grocery service app

Amr Fawzi - Rami Nassar - Ahmed Sudan

$ 750 K

Egypt

2013

97

UrbanBuz

Customer loyalty and engagement platform

Mustafa Sadek - Salam Saadeh

$735 K

U.A.E.

2013

98

Eddress

online and offline delivery

Ronny Shibley - Karim EL Khoury

$ 700 k

Lebanon

2015

99

Hello World Kids

Platform to learn programming at schools

Hanan Khader

$650K

Jordan

2015

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