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Wamda Weekly - 15 Dec 2022

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Date: 15/12/2022

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Many investors base their investment decisions on data. However, this information may be insufficient and inadequate and often leads to poor investments with investors losing money. Dmitry Kaminskiy, general partner at Deep Knowledge Group, explains how data science can lead to better investments.

Mena startups raised $439 million in November

Mena startups raised $439 million across 39 deals in November 2022, a 32 per cent decline month-on-month, but a 55 per cent rise compared to the same period last year.

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Founded in 2013, Cuemath is an edtech platform focused on teaching children essential maths and coding skills. Since the onset of the pandemic, CEO Vivek Sunder, tasked with growing the platform around the world, has managed to expand Cuemath to 50 countries and he is now focusing his efforts on the Middle East.

In case you missed it - here's our round-up from News Watch:

Saudi-based Jumlaty and Egypt’s Appetito merge into new entity, NOMU

The Dubai Future District Fund launches venture fellowship programme for Emiratis

Morningstar Ventures invests $5 million in digital art gallery

Letswork raises $2.1 million Seed, expands to Saudi Arabia

Secret Skin raises $765,000 pre-Seed

PTS Investments Holdings partially acquires Egypt’s EDAM

Saudi fintech PayTabs acquires Turkey’s Paymes

Moove raises $30 million from debut sukuk for UAE expansion

Morocco’s Justyol raises $350,000 pre-Seed round

KBW Ventures co-leads $12.3 million Series A round in US-based Black Sheep Foods

Modus leads Koble’s $1.2 million pre-Seed round

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