ArabFinance: Nawah Scientific closed a second pre-series A round of $1 million (EGP 15.60 million) in mixed equity and debt capital, according to a press release.

The new div brings the scientific search institute's total funding to $2 million (EGP 31.20 million), maintaining its position as the most funded life science venture in MENA, the statement added.

The institute plans to close a significant Series A round later in 2021.

Egypt came in third place among other countries in the Middle East and North Africa in terms of startups securing investments during November.

*At press time, the conversion rate is $1 = EGP 15.60

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