MENA Tech Surges: Breadfast, Coraly.ai Secure Major Funding
August 21, 2025, 3:37 pm
Location: United Kingdom, England, London
Employees: 1001-5000
Founded date: 1991
MENA startups land crucial funding. Egypt's quick-commerce giant Breadfast secured $10M in Series B2, pushing its valuation to $382-400M. This capital boosts its grocery delivery expansion and fintech innovation. Simultaneously, UAE proptech Coraly.ai raised $2M pre-seed, targeting AI-driven real estate solutions and global market entry. These deals underscore the region's burgeoning tech ecosystem and strong investor faith in cutting-edge, scalable ventures.
Middle East and North Africa technology ventures are drawing significant investment. Capital flows into innovative startups. This trend signals robust regional growth. Key players recently secured substantial funding rounds. These deals underline investor confidence in disruptive models.
Egypt’s quick-commerce leader, Breadfast, secured pivotal capital. The grocery delivery giant raised $10 million. This Series B2 funding round came from the European Bank for Reconstruction and Development (EBRD). Novastar Ventures partnered in the investment. This new injection propelled Breadfast’s valuation. It now stands at an impressive $382-400 million.
Breadfast, founded in 2017, dominates its market. It processes nearly one million orders monthly. Over 300,000 active users rely on its service. Revenues surpassed $150 million in 2024. Its success stems from a vertically integrated model. Breadfast controls operations from product quality to last-mile delivery. This ensures rapid, reliable service.
The fresh capital fuels ambitious expansion plans. Breadfast will enhance its fulfillment network. Capacity will increase in core Egyptian cities. These include Cairo, Giza, Alexandria, and Mansoura. The company also targets entry into new markets. This expansion solidifies its market leadership. It brings convenient grocery delivery to more consumers.
Beyond quick commerce, Breadfast is evolving. It emerges as a significant fintech player. The company offers Breadfast Pay. This strategic move diversifies its revenue streams. It deepens customer engagement. Breadfast demonstrates agility and foresight in its market approach. Its hybrid model sets a new standard for regional startups.
In the United Arab Emirates, proptech is gaining traction. Coraly.ai, a promising platform, secured early funding. It raised $2 million in a pre-seed round. Abu Dhabi-headquartered Salica Oryx Fund led the investment. EQ2 Ventures also participated. Angel investors contributed. This funding positions Coraly.ai for rapid growth.
Founded in 2022, Coraly.ai pioneers AI in real estate. It provides cloud-based AI models. These models empower real estate agents. They optimize lead generation. Campaigns are automated. Performance insights are delivered. This technology helps agents acquire more customers efficiently. It revolutionizes traditional real estate practices.
Coraly.ai has clear plans for its new capital. It will accelerate product development. The engineering team will expand. AI capabilities will deepen significantly. The startup aims for regional expansion. Operations in Saudi Arabia are a key target. International pilot programs are also planned. Initial market opportunities will be explored in France and the United States. This global ambition signals a new phase for UAE tech.
These funding rounds reflect a dynamic MENA startup landscape. Investors increasingly eye the region. Digital transformation fuels this interest. E-commerce, fintech, and proptech sectors are particularly active. The high adoption rates of technology support this growth. A young, digitally savvy population drives demand.
Institutional investors play a crucial role. The European Bank for Reconstruction and Development’s involvement with Breadfast highlights this. Their backing provides significant validation. It attracts further international capital. Regional funds like Salica Oryx also contribute substantially. They nurture local innovation. Impact46, a Riyadh-based fund, similarly invests in gaming studios. This diversified investment strategy strengthens the entire ecosystem.
The MENA region is rapidly becoming a global tech hub. Governments actively support digital economies. Regulatory frameworks are evolving. These factors create an attractive environment for startups. Talent pools are expanding. Innovation thrives. The success of companies like Breadfast and Coraly.ai inspires others. They demonstrate the immense potential within the region.
The future looks bright for MENA tech. Continued investment is expected. New technologies will emerge. Regional champions will expand globally. The ecosystem fosters innovation. It empowers entrepreneurs. The focus remains on solving local challenges with scalable, digital solutions. These investments are more than financial injections. They are votes of confidence in the region’s digital future. They affirm MENA's rising status on the global innovation stage.
Middle East and North Africa technology ventures are drawing significant investment. Capital flows into innovative startups. This trend signals robust regional growth. Key players recently secured substantial funding rounds. These deals underline investor confidence in disruptive models.
Egypt’s quick-commerce leader, Breadfast, secured pivotal capital. The grocery delivery giant raised $10 million. This Series B2 funding round came from the European Bank for Reconstruction and Development (EBRD). Novastar Ventures partnered in the investment. This new injection propelled Breadfast’s valuation. It now stands at an impressive $382-400 million.
Breadfast, founded in 2017, dominates its market. It processes nearly one million orders monthly. Over 300,000 active users rely on its service. Revenues surpassed $150 million in 2024. Its success stems from a vertically integrated model. Breadfast controls operations from product quality to last-mile delivery. This ensures rapid, reliable service.
The fresh capital fuels ambitious expansion plans. Breadfast will enhance its fulfillment network. Capacity will increase in core Egyptian cities. These include Cairo, Giza, Alexandria, and Mansoura. The company also targets entry into new markets. This expansion solidifies its market leadership. It brings convenient grocery delivery to more consumers.
Beyond quick commerce, Breadfast is evolving. It emerges as a significant fintech player. The company offers Breadfast Pay. This strategic move diversifies its revenue streams. It deepens customer engagement. Breadfast demonstrates agility and foresight in its market approach. Its hybrid model sets a new standard for regional startups.
In the United Arab Emirates, proptech is gaining traction. Coraly.ai, a promising platform, secured early funding. It raised $2 million in a pre-seed round. Abu Dhabi-headquartered Salica Oryx Fund led the investment. EQ2 Ventures also participated. Angel investors contributed. This funding positions Coraly.ai for rapid growth.
Founded in 2022, Coraly.ai pioneers AI in real estate. It provides cloud-based AI models. These models empower real estate agents. They optimize lead generation. Campaigns are automated. Performance insights are delivered. This technology helps agents acquire more customers efficiently. It revolutionizes traditional real estate practices.
Coraly.ai has clear plans for its new capital. It will accelerate product development. The engineering team will expand. AI capabilities will deepen significantly. The startup aims for regional expansion. Operations in Saudi Arabia are a key target. International pilot programs are also planned. Initial market opportunities will be explored in France and the United States. This global ambition signals a new phase for UAE tech.
These funding rounds reflect a dynamic MENA startup landscape. Investors increasingly eye the region. Digital transformation fuels this interest. E-commerce, fintech, and proptech sectors are particularly active. The high adoption rates of technology support this growth. A young, digitally savvy population drives demand.
Institutional investors play a crucial role. The European Bank for Reconstruction and Development’s involvement with Breadfast highlights this. Their backing provides significant validation. It attracts further international capital. Regional funds like Salica Oryx also contribute substantially. They nurture local innovation. Impact46, a Riyadh-based fund, similarly invests in gaming studios. This diversified investment strategy strengthens the entire ecosystem.
The MENA region is rapidly becoming a global tech hub. Governments actively support digital economies. Regulatory frameworks are evolving. These factors create an attractive environment for startups. Talent pools are expanding. Innovation thrives. The success of companies like Breadfast and Coraly.ai inspires others. They demonstrate the immense potential within the region.
The future looks bright for MENA tech. Continued investment is expected. New technologies will emerge. Regional champions will expand globally. The ecosystem fosters innovation. It empowers entrepreneurs. The focus remains on solving local challenges with scalable, digital solutions. These investments are more than financial injections. They are votes of confidence in the region’s digital future. They affirm MENA's rising status on the global innovation stage.