Deal Street

2024 African Venture Capital Report

Coming Soon

African Startup Funding Tracker

US$2,401,004,000+

*Data updated daily at 18:00 EAT

Egypt’s Nawah Scientific Raises USD 23 M Series A To Scale Cloud Labs
Egypt’s Nawah Scientific Raises USD 23 M Series A To Scale Cloud Labs

Egyptian deeptech startup Nawah Scientific has raised USD 23 M in a Series A round to scale its cloud lab platform across Africa and the Gulf.

Founded in 2015 by Dr. Omar Shokry Sakr, Nawah allows scientists and pharmaceutical companies to run experiments remotely by sending samples to its accredited labs, an approach designed to close the region’s research infrastructure gap.

The blended equity-and-debt round, led by Life Ventures Holding with AfricInvest and others, will fund a new hub in Rwanda, capacity expansion in Saudi Arabia, and upgrades in Egypt. Previously, Nawah had closed a USD 1 M Pre-Series A round in 2021, followed by an undisclosed raise in 2022.

Having processed over 1 million samples and earned FDA accreditation, Nawah represents a rare major bet on African deeptech.