Latest news with #PlusVC
Biz Bahrain
3 days ago
- Business
- Biz Bahrain
Suplyd Raises $2M to Further Enhance Restaurants' Supply Chain Beyond Distribution
Suplyd, the Cairo-based digital procurement platform for restaurants, announced the successful raise of $2 million in a pre-Series A funding round. The investment was led by 4DX Ventures, Camel Ventures, and Plus VC, with participation from Seedstars and existing investors. This round will support the company's mission to build a comprehensive infrastructure for restaurant operations and expand into untapped areas across Egypt. Founded in 2022, Suplyd provides procurement solutions for small and medium-sized restaurants, addressing long-standing inefficiencies in Egypt's $10 billion HORECA supply chain. By directly connecting restaurants with suppliers and streamlining procurement workflows, Suplyd is tackling the challenges of supply chain fragmentation, unreliable deliveries, and a lack of transparency. Since its $1.6 million pre-seed round in 2022, Suplyd has grown nearly 20x in terms of restaurants served and the value of goods delivered. Today, the company serves over 5,000 restaurant customers and continues to roll out new operational tools and services aimed at simplifying backend operations for restaurant owners. 'Over the past four years, we've built Suplyd into a critical part of Egypt's restaurant ecosystem. That progress comes with greater responsibility, and even greater ambition. What started as a bold idea is now powering thousands of restaurants every day. We've faced challenges, adapted to change, and earned the trust of our customers, partners, and investors. We didn't just witness the industry's digital transformation. We helped lead it. And we're just getting started. There's so much more to build, and we're here for the long haul,' said Gohar Said, Founder and CEO of Suplyd. Suplyd will use the new capital to enhance its platform beyond procurement, accelerate the development of new service verticals, and expand its reach within Egypt. With one of the highest tech adoption rates among B2B supply chain players in the region, the company is well-positioned to unlock new efficiencies with minimal friction. 'At 4DX Ventures, we're proud to have been one of the earliest backers of Suplyd, a company tackling the massive inefficiencies in Egypt's $10B+ HORECA supply chain,' said Peter Orth, Partner at 4DX Ventures. 'Suplyd's digital procurement platform serves the long tail of restaurants that are often overlooked. Their early traction, strong supplier relationships, and diversified revenue streams reinforced our conviction. Powered by sector veterans, we believe Suplyd is well-positioned to become a category-defining player within the region.' Commenting on the fundraising announcement, Hasan Haider, Founder and Managing Partner at Plus VC said: 'Suplyd has become a key enabler in the digital transformation of Egypt's F&B sector, turning a once fragmented procurement process into a streamlined, tech-driven solution. Their strong traction over the past four years reflects the team's deep market insight and operational excellence. As early supporters, we have seen firsthand how Suplyd has established itself as a pioneer fostering meaningful change in the F&B space. At +VC, we are committed to backing visionary founders across MENA who are building scalable infrastructure for the future. We are excited to continue supporting Gohar and the team as they push boundaries, scale their impact, and drive innovation across the region.' Suplyd offers a reliable, end-to-end digital solution that simplifies restaurant supply procurement. By replacing fragmented daily orders with a single, streamlined platform, operators gain access to hundreds of quality products, real-time analytics, and valuable procurement insights. With a fully digital trail, Suplyd helps reduce waste, cut costs, and improve supply chain predictability—making it the go-to one-stop shop for F&B operators across Egypt.
CairoScene
4 days ago
- Business
- CairoScene
Suplyd Raises $2M to Expand Restaurant Procurement Services in Egypt
Suplyd Raises $2M to Expand Restaurant Procurement Services in Egypt Egyptian startup Suplyd, a digital procurement platform serving restaurants, has raised $2 million in a pre-Series A funding round. The round was led by 4DX Ventures, Camel Ventures, and Plus VC, with participation from Seedstars and existing investors. Founded in 2022, Suplyd helps small and medium-sized restaurants manage procurement more efficiently by directly connecting them with suppliers and streamlining order management. The platform is designed to address major inefficiencies in Egypt's $10 billion HORECA (hotel, restaurant, and catering) supply chain, including fragmented sourcing, unreliable deliveries, and lack of price transparency. Since raising $1.6 million in pre-seed funding in 2022, Suplyd has expanded significantly, growing nearly 20-fold in both the number of restaurants served and the value of goods delivered. The company now serves over 5,000 restaurants and continues to develop new backend operational tools tailored for F&B operators. 'Suplyd has become a key enabler in the digital transformation of Egypt's F&B sector, turning a once-fragmented procurement process into a streamlined, tech-driven solution," Hasan Haider, Founder and Managing Partner at Plus VC, said. The new round of funding will support Suplyd's plans to enhance its procurement platform, develop new service verticals, and expand into underserved areas across Egypt. The startup offers restaurants access to hundreds of products through a single digital interface, replacing daily fragmented orders with a consolidated procurement system. Suplyd also provides real-time analytics and procurement insights, aiming to help businesses reduce waste, lower costs, and improve predictability in their supply chains.
CairoScene
21-07-2025
- Business
- CairoScene
Abu Dhabi Startup Ovasave Raises $1.2M to Expand Fertility Platform
Founded in 2023, Ovasave focuses on fertility and hormonal health, offering a digital-first service for hormone testing, egg freezing, virtual consultations, and menopause care. Jul 21, 2025 Abu Dhabi-based FemTech startup Ovasave has secured $1.2 million in pre-seed funding to scale its digital health platform across the GCC. The round was led by PlusVC, Annex Investments, and New York's 25 Madison, with additional support from strategic angel investors and family offices in the UAE and Saudi Arabia. Founded in 2023, Ovasave focuses on fertility and hormonal health, offering a digital-first service for hormone testing, egg freezing, virtual consultations, and menopause care. Its platform combines at-home diagnostic tools with personalised care protocols and access to fertility clinics. The company also runs a corporate benefits programme, aimed at helping organisations offer reproductive health services as part of employee wellbeing strategies. "There is a critical need for timely intervention in women's health, particularly around fertility and hormonal health, Torkia Mahloul, Co-founder and CEO of Ovasave said. "This funding marks a crucial step in our mission to disrupt women's health and expand access to fertility and hormonal care across the region. A recent report by FemTech Analytics showed that the FemTech market in the region is projected to reach $3.8 billion by 2031, growing at a CAGR of 15% from 2021 to 2031. The new capital will support Ovasave's regional expansion, the scaling of employer partnerships, and the development of the next version of its mobile app. Upcoming features will include menstrual cycle tracking, symptom monitoring, AI-supported treatment recommendations, and expanded menopause support. Ovasave is registered with the Department of Health – Abu Dhabi and is part of the Hub71 tech ecosystem, aligning its services with national efforts to digitise healthcare and expand access to preventive care.
Gulf Business
21-07-2025
- Business
- Gulf Business
Hub71 startup, Ovasave, raises $1.2m pre-seed round
Image: Supplied Ovasave, an Abu Dhabi-based digital health startup focused on fertility and hormonal care, has raised $1.2m in pre-seed funding, a sign of growing investor appetite for women's health innovation across the Gulf. The funding round was led by PlusVC, Annex Investments, and New York-based venture studio 25 Madison. It also drew support from strategic angel investors and family offices across the UAE and Saudi Arabia, reflecting a widening pool of capital being deployed into early-stage femtech ventures. Backed by Abu Dhabi's The company plans to use the funding to accelerate its expansion across the GCC, build new corporate partnerships, and roll out the next phase of its mobile platform, which will offer menstrual cycle tracking, symptom monitoring, AI-guided treatment protocols, and access to care. Ovasave aiming to fill gap when it comes women's healthcare in the region 'There is a critical need for timely intervention in women's health, particularly around fertility and hormonal health,' said Torkia Mahloul, co-founder and CEO of Ovasave. 'This funding marks a crucial step in our mission to disrupt women's health and expand access across the region.' Majd Abu Zant, co-founder of The raise comes amid a push by Gulf governments to diversify healthcare offerings and advance gender equality through national policy. In the UAE, reforms in healthcare, technology, and women's rights have created a fertile ground for emerging FemTech players to gain traction. Femtech, once considered a niche sub-sector, is increasingly drawing investor interest. A recent report by FemTech Analytics projects the MENA femtech market will reach $3.8bn by 2031, growing at a compound annual rate of 15 percent. Startups like Ovasave are hoping to ride that wave by addressing long-standing taboos and gaps in care, particularly in fertility and hormonal health. The startup is now preparing to launch in Saudi Arabia later this summer, as part of a broader three-year regional growth strategy. By combining AI-powered tools with direct access to care, Ovasave aims to move women's health from reactive to proactive – a shift that investors are starting to bet on.
Entrepreneur
18-07-2025
- Business
- Entrepreneur
"We Got Funded!" Hub71 Startup's Ovasave Raises US$1.2 Million to Transform Fertility and Hormonal Care Across MENA
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Ovasave, a Hub71 FemTech startup focused on fertility and hormonal health, has successfully completed its pre-seed round, raising US$1.2 million from a mix of regional and international investors. The round was led by PlusVC, Annex Investments, and New York-based 25 Madison, with additional backing from UAE and Saudi-based strategic angel investors and prominent family offices. This reflects the strong investors' confidence and growing demand for innovation in women's health across the region. Founded in 2023, Ovasave offers women a seamless, digital-first experience for fertility testing, egg freezing, hormone management, and menopause care. The platform combines at-home hormone testing, virtual consultations, personalized supplement protocols, and access to top fertility clinics for fertility preservation (egg freezing). Positioned as disruptors in fertility and women's hormonal health, Ovasave has also established a growing corporate benefits scheme that helps organizations support employees' reproductive health as part of their workplace wellbeing programs. The US$1.2 million capital raised will be used to support regional expansion across the GCC, scale corporate partnerships, and launch the next phase of Ovasave's mobile app, which will include menstrual cycle tracking, symptom monitoring, access to care, and AI-driven treatment protocols. Ovasave will also address a historically overlooked stage of women's health, offering a broader range of services targeting perimenopause and menopause. The raise comes as the UAE accelerates national reforms in healthcare and women's rights, offering a timely window for FemTech innovation. Ovasave is registered with the Department of Health – Abu Dhabi and supported by Abu Dhabi's global tech ecosystem, Hub71, further aligning it with the nation's broader digital and preventive health strategies. Majd Abu Zant, co-founder of Ovasave and global leader in fertility and women's healthcare, said, "Abu Dhabi's focus on innovation, healthcare, and entrepreneurship has created a competitive environment for founders and investors alike. As an Abu Dhabi-based startup supported by Hub71, Ovasave has benefited from a strong regulatory framework, access to capital, and proximity to regional decision-makers. It's the right environment to build and scale high-impact ventures, and from here, we are expanding into Saudi Arabia and the wider MENA region." "Overall, FemTech in the UAE is still in its early stages, but the momentum is clear. With increasing investor interest and a strong national focus on women's health and innovation, the UAE is emerging as a regional hub for the growth of this sector," Abu Zant added. Torkia Mahloul, co-founder and CEO of Ovasave, said, "There is a critical need for timely intervention in women's health, particularly around fertility and hormonal health. This funding marks a crucial step in our mission to disrupt women's health and expand access to fertility and hormonal care across the region. We are grateful for the confidence shown by our investors, which allows us to scale a platform designed to deliver timely, personalized, and accessible fertility and hormonal care. By bringing together medical expertise, digital convenience, and emotional support, we are helping women take control of their health earlier and more effectively across different life stages." Built with a clear purpose, Ovasave is shifting women's care from reactive to proactive. Its solutions are designed to reduce costs, improve outcomes, and make it easier for women to access support in an area that has long been considered taboo and under-discussed. Moreover, Ovasave has embedded public education into its core mission, organizing awareness events, expert talks, and collaborating with physicians to normalize fertility conversations. One of its standout initiatives was the "Fertility Your Way" campaign with Merck Gulf, offering free AMH screenings across the UAE. More than 500 women were screened during the campaign. The startup also partnered with leading employers including Aldar, Boston Consulting Group, and WeWork to raise awareness on fertility in the workplace. Through these efforts, Ovasave is helping shift the narrative on reproductive health across the region. "With investor confidence and strong market demand, the conversation around women's health is changing, signaling that fertility and hormonal care are no longer peripheral issues. Women's health is now a priority for innovation and investment in the Middle East, and we are proud to be leading that change," Mahloul concluded.
