Week 10’s Biggest Startup Funding Rounds in Africa & the Middle East, Led by Fig Security, as Cybersecurity Drew the Biggest Checks

Startups across Africa and the Middle East raised a combined $82.35 million in disclosed rounds during Week 10, with cybersecurity infrastructure and electric mobility capturing the bulk of investor attention, Techloy reported. Two Israeli cybersecurity deals — Fig Security's $30 million Series A and Reclaim's $20 million Series A — together accounted for $50 million, or roughly 61% of the week's capital. Kenya-based Zeno's $25 million Series A in electric motorcycle networks represented another 30% of the total.

As Techloy noted, "Fig Security monitors whether enterprise security tools actually work." The report adds that the Fig Security round was led by Ten Eleven Ventures and included investors such as Team8, Doug Merritt (former Splunk CEO), Rene Bonvanie (former Palo Alto Networks CMO), and the founders of Demisto and Siemplify.

Week 10 funding rounds and details

• Fig Security — $30M, Cybersecurity, Israel: Series A led by Ten Eleven Ventures (announced March 3). The funding will "triple the team from 25 employees by year-end," expand marketing across North America, and scale a platform that traces data flows from origin through pipelines and SIEM systems to alert security teams when infrastructure changes threaten detection capabilities.
• Zeno — $25M, E-mobility, Kenya: Series A led by Congruent Ventures (announced March 2). Active Impact and Lowercarbon invested equity; Trifecta Capital and Camber Road provided debt. The capital will expand charging infrastructure beyond 150 locations across four cities, scale in-house manufacturing at a Nairobi facility, and grow the fleet past 1,000 motorcycles that the company says generate 50% lower operating costs than gasoline bikes for commercial drivers.
• Reclaim — $20M, Cybersecurity, Israel: Series A announced in early March to scale a platform that combines AI automation with business simulations to prioritise and implement vulnerability fixes rather than only listing them.
• Vento Games — $4M, Gaming, Turkey: Seed co-led by Makers Fund and Arcadia Gaming Partners (announced March 3). Funding will accelerate production of family-friendly mobile puzzle titles such as Blossom Word Search. The studio launched in June 2024 with executives from Peak Games, Fugo, and Zynga.
• Skipr — $2M, AI, Abu Dhabi: Seed round announced February 27 through Hub71's ecosystem at a $10 million valuation. Skipr builds sovereign AI infrastructure for secure cross-organization and cross-border AI communications and will expand partnerships with telcos, AI labs, cybersecurity firms, and data centres.
• Weego — $1.1M, Mobility, Morocco: Round led by Azur Innovation Fund (announced March 3). Funds will expand operations beyond five Moroccan cities, grow engineering capacity for data integration with public transit systems, and accelerate corporate sales and regional expansion into Africa, Europe, and the Middle East.
• Ledgers — $250K, AI, Dubai: Angel round announced in early March to complete an MVP for an AI operating system that simulates business decisions for founder-led startups, expand product and engineering teams, and onboard early UAE and Gulf users.
• Other announced deals: Techloy also noted funding activity from iQtech (Qatar, XR medical training), Rimal Semiconductors (Saudi Arabia), and Rewa (UAE), though exact amounts were not disclosed.

Outlook: With $82.35 million disclosed in Week 10, investors concentrated large checks into automated cybersecurity tools and electric mobility infrastructure. Fig Security and Reclaim together represented the largest single sector bet, while Zeno's expansion in Kenya underscores continued investor interest in operationalising last-mile electric mobility through battery swapping, charging networks and local manufacturing. Smaller seed rounds across gaming, AI and mobility point to continued early-stage activity across the region despite the heavy tilt toward security and e-mobility this week.