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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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