JANUARY 2018 DASHBOARD

January 2018 Investment Summary

• January saw 15 deals (9 disclosed) with $5.8M across 8 MENA countries

• 12 of the 15 deals took place at the SEED Stage, 1 at Angel (Jibly) and 2 at Series A (Tamatem, Neumann)

• Funding has seen a $9M decrease YoY January, as well as 1 deal less

• 6 of the deals occurred in UAE Startups, 2 in Palestinian, Jordanian and Lebanese respectively and 1 in KSA, Tunisia and Egyptian respectively

• 6 Upcoming events in February across MENA

PRIVATE & CONFIDENTIAL – NOT FOR DISTRIBUTION 2

January 2018 Deals to Date

PRIVATE & CONFIDENTIAL – NOT FOR DISTRIBUTION 3

Startup Description Article Country Industry Funding ($M) Stage Investors

1Eyewa is the largest tech-enabled eyewear e-commerce platform of

the Middle East!UAE 1.1 SEED

2Resal - ةقاب لسرأ .. ءادھإلل ةدیرفلا كتمدخ

تاوطخ ثالث يف بحت نمل دروKSA Undisc. SEED

3

Moneyfellows is a web and mobile based platform that enables

individuals to access interest free credit and better saving

achievements all fully powered by a user's social network. We do that by bringing the informal traditional

offline ROSCA model, online.

UAE 0.6 SEED

4

BitOasis is your gateway to the world of digital currency. BitOasis

is Middle East&North Africa's leading bitcoin wallet and

exchange.

UAEUndisc.

SEED

5

Evolving the way people rent cars, by connecting renters to car rental companies through eZhire mobile

app.

UAE Undisc. SEED

January 2018 Deals to Date

PRIVATE & CONFIDENTIAL – NOT FOR DISTRIBUTION 4

Startup Description Article Country Industry Funding ($M) Stage Investors

6

RedCrow is a Big Data Analytics company that automatically collects

and processes data in multiple languages, and analyzes it for

actionable insights.

Palestine 0.1 Post - Seed

7

Bambinotes is a communication platform and application that helps to bridge the Gap between preschool, nurseries, daycares, and parents

Palestine Undisc. SEED

8

Nestrom allows farmers to monitor, control and understand their farms by providing insightful sensor readings

right to their finger tips over the internet.

Jordan Undisc. SEED

9

Keepface is an online marketing platform where brands recruit social

influencers to create engaging, native and selling content in social media.

UAE 0.3 SEED Private family Office

10

Jibly is a one stop shop platforme for instant delivery, it's an evolution of the food delivrey platforme Monresto that connects customers with their favoriterestaurants with independant drivers.

Tunisia 0.07 Angel Angel Investors

11

Tamatem is a mobile games publisher in the Arabic speaking market.

Tamatem targets successful games from around the world, localize and market them in the MENA region.

Jordan 2.5 Series A

Slow start to 2018 – historically a flurry of activity in Feb. & March

5

$187 M

$283 M

$429 M

$6 M

$60 M

$625 M

$150 M

$247 M

$908 M

$579 M

$6 M

183

275282

15

0

50

100

150

200

250

300

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

$1,000

2015 2016 2017 2018 YTD

Souq & CareemExcluding Souq & Careem# Deals

2018 January Dashboard*2018 Data represents investments YTD

AGGREGATED FUNDING TRACKER ($m & # Deals)

62018 January Dashboard

2017 set a bench mark for number of disclosed deals

183 175

282

15

2015 2016 2017 2018 YTD

# of DEALS

+38%

-5%

Transaction evolution # Number of deals ’15 – ’18

2017/ 2018 MoM funding tracker ($M) & transactions (#)

7

$17M

$3M

$42M

$25M

$77M

$178M

$98M

$33M$37M

$33M

$14M$22M

$6M

16

14

2018

29

20

20

34

36

20

31

24

15

0

5

10

15

20

25

30

35

40

$0 M

$2 0M

$4 0M

$6 0M

$8 0M

$1 00 M

$1 20 M

$1 40 M

$1 60 M

$1 80 M

$2 00 M

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan

Funding ($M)# Deals

2018 January Dashboard

MoM funding tracker ($M) & transactions (#) [Including $150m in Careem]

20182017

$579M

$61M$17M $6M

2017 (FY) 2017 (Q1) 2017 (JAN) 2018 (JAN)

-$44MGap to Q1

-$11M-64%

Slow start relative to 2017. Expect Feb and March to be strong

PRIVATE & CONFIDENTIAL – NOT FOR DISTRIBUTION 82018 January Dashboard

$ Amounts comparison vs FY, Q1 & Jan 2017 (incl. Careem)

282

50

16 15

2017 (FY) 2017 (Q1) 2017 (JAN) 2018 (JAN)

-#232Gap to 2017 FY

-#34Gap to 2017 Q1

-#1-6%

Less deals occurred compared to Jan. 2017

PRIVATE & CONFIDENTIAL – NOT FOR DISTRIBUTION 92018 January Dashboard

2018 had slowest start in $Amount since Jan. 2014

10

$4M

$18M

$44M

$17M

$6M

2018 January Dashboard

19 19

11

1615

January

$M Funding comparisonJanuary ‘14- ’18

2014 2015 2016 2017 2018

# Deals comparisonJanuary ‘14- ’18

2014 2015 2016 2017 2018

$35M

$26M

$99M

$28M

$129M

$56M

$24M

$74M

$61M

$130M

$168M

$69M

$6M

57

33

51

4237

51

36

51 50

67

90

75

15

- 70

- 50

- 30

- 10

10

30

50

70

90

$0 M

$2 0M

$4 0M

$6 0M

$8 0M

$1 00 M

$1 20 M

$1 40 M

$1 60 M

$1 80 M

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Funding#Deals

11

2015 2016 20172018 January Dashboard

Q1 still long way to meet previous years amounts

Q-o-Q Comparison of $M & # deals (Excl. Souq & Careem)

2018 YTD

7 Disclosed deals with $6M total investment

PRIVATE & CONFIDENTIAL – NOT FOR DISTRIBUTION 12

$25M $33M $29M

$94M$21M

$71M$53M

$112M$73M

$201M

$133M

$90M

$46M

$177M

$283M

$429M

$6M$0 M

$5 0M

$1 00 M

$1 50 M

$2 00 M

$2 50 M

$3 00 M

$3 50 M

$4 00 M

$4 50 M

$5 00 M

2014 2015 2016 2017 2018

Later StageSeries BSeries AEarly Stage

Investment evolution by stage of startups ($M excluding Souq & Careem)

$3M

13 of 15 deals occurred at Early Stage, 2 at Series A

PRIVATE & CONFIDENTIAL – NOT FOR DISTRIBUTION 13

107

111 1

146

26

5 1

116

2513

2

213

16 133

132 0 0

0

50

10 0

15 0

20 0

25 0

Early Stage Series A Series B Later Stage

2014 2015 2016 2017 2018

Transaction evolution by stage of startups (# deals– excl. undisclosed stage)

Most deals occurred in UAE , E-commerce & Fintech

PRIVATE & CONFIDENTIAL – NOT FOR DISTRIBUTION 14

18%

9%

45%

9%

18%

# Deals per Country

Jordan KSA UAE Tunisia Palestine Egypt

18%

18%

9%9%

9%

9%

9%

9%

9%

#Deals by industry

E-CommerceFintechTransport & LogisticsData AnalyticsEducationIT SolutionsAdvertising and MarketingFood & BeverageGaming

Publication Link Title Description

1 Saudi Arabia launches new service to attract global entrepreneurs

The Saudi Arabian General Investment Authority (SAGIA) has launched a new licensing service

targeting entrepreneurs and innovators around the world.

2 11 Factors That Highlight The Maturing Of The MENA Entrepreneurial Ecosystem

Entrepreneur Middle East examines several factors how the

MENA Entrepreneurial Ecosystem is maturing as the

quality of the conversation about entrepreneurship in MENA is

improving

3 MEVP in talks with Saudi investors as it seeks opportunities in the kingdom

MEVP, a Dubai venture capital firm, is in talks with prospective partners in Saudi Arabia to co-invest in start-ups in the Arab

world’s biggest economy, according to its

founder.

4 Top Arab Women Entrepreneurs Making Waves

Forbes Middle East reveals the top Arab women entrepreneurs

making waves through their startups.

5 UAE's startup finance party gets hotter

The UAE has amazing ability to constantly challenge to bring out

the best in entrepreneurial sphere and the activity in the startup

industry is all set to record

Top news from the month of January 2018 (1/2)

Publication Link Title Description

6Middle East Venture Partners: investing in

the future of tech

Middle East Venture Partners'

CEO Walid Hanna on how the

stars are finally aligning for the

region's venture capitalists

7What The Middle East Startup Ecosystem Can Learn From Other Emerging Markets

As adoption of digital assets and

blockchain technology is on the

rise worldwide, BitOasis are

seeing an exponential increase in

demand for services in the GCC

region.

8 The MENA Ecosystem: The Year Ahead

2017 was a landmark year for the

MENA startup ecosystem, with

record funding and numerous

startup exits. 500 Startups take a

look at a few of the main

developments in the MENA

Ecosystem in 2017

9500 Startups is kicking off their ‘MENA

Dojo’ Programme’s Second Batch

Global powerhouse 500 Startups

is launching the MENA Dojo

programme for companies

seeking to fundraise a Series A

round.

10Green start-up accelerator launched at Abu

Dhabi Sustainability Week

A startup accelerator founded by

Abu Dhabi’s renewable energy

company Masdar and BP has

been officially launched.

Top news from the month of January 2018 (2/2)

Event Link Description Date Location

1

Fishackathon is an epic, global hackathon to help make Earth's

waters, aquaculture, and fisheries more sustainable & equitable.

February 2-3 Cairo, Egypt

2

The Global Leadership Summit is a world-class experience for leaders who want to get better. Leaders worldwide leverage the Summit to sharpen their

skills and to unleash the full potential of their teams.

February 8th Dubai, UAE

3

Seaside Startup Summit is a tent camp business forum. The aim of the Summit is

to create a new platform, where the startups and investors will cooperate in

the same level.

February 8-12th Ras Al Khaimah, UAE

Upcoming events in the month of February (1/2)

Event Link Description Date Location

4

Egypt Career Summit is the 1st of its kind comprehensive career gathering and development event to ever hit the heart of Cairo, brought by a collaboration between Career Advancers & Career180. Through

workshops, talks and panels, the summit will offer youth practical tools to identify and decided on their career, as

well as developing a plan for professional growth by career coaches.

February 16th Cairo, Egypt

5

ArabNet Beirut 2018 will feature more than 80 speakers from the MENA region and beyond the Middle East to discuss

opportunities in digital media, entrepreneurship, and much more.

February 20-22nd Beirut, Lebanon

6

Finovate’s latest launch in Dubai will keep demo and discussions at its core while introducing content driven panels, regulatory perspectives and world-class keynotes geared at the MENA region’s

leading financial brands, investment houses, VCs, entrepreneurs and

innovative startups.

February 26th Dubai, UAE

Upcoming events in the month of February (2/2)