FundedIQ

Funded Startups in Al Manamah

The 13 rounds in this dataset span from December 2021 through March 2025, with all companies headquartered in Manama.

The 13 rounds in this dataset span from December 2021 through March 2025, with all companies headquartered in Manama. Seed is the dominant stage, accounting for 8 of the 13 rounds across sectors including AI (Faceki), food and beverage (Calo), financial services (Aion Digital), and administrative services (Parcel). The two largest disclosed rounds belong to Rain, which raised $110M at Series B in January 2022, and Calo, which closed a $13M Seed in December 2022.

Financial services is the most represented sector by deal count, with ACE, Aion Digital, and Rain spanning corporate round, seed, and Series B stages. Four rounds closed in 2023, three of them between February and March — including Estater's $5M Series A and Aion Digital's $5M Seed. The 2024–2025 window accounts for five rounds, all early-stage, with three of the five amounts undisclosed.

Most recent rounds

13 shown

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Frequently asked

What are the largest disclosed rounds among Al Manamah startups in this dataset?

Rain's $110M Series B, closed in January 2022, is the largest disclosed round. Calo follows at $13M Seed (December 2022), with Estater and Aion Digital each disclosing $5M rounds in early 2023.

Which sector has the most funded companies in this dataset?

Financial services appears three times — ACE (corporate round, $100K, December 2021), Aion Digital (Seed, $5M, February 2023), and Rain (Series B, $110M, January 2022). Commerce and shopping has two entries: Sellou and ReQahwa.

What stage are most Al Manamah startups raising at?

Eight of the 13 rounds are Seed-stage. Estater is the only company at Series A ($5M), and Rain is the sole Series B company at $110M.

How much of the funding data is publicly disclosed?

Eight of the 13 rounds include a specific dollar amount. The five undisclosed rounds span Seed stage (Unipal, Tajweed, Daleel, Faceki) and one Series Unknown entry (Silent Power).

Which Al Manamah startups have closed rounds most recently?

Sellou closed a $300K Seed round on March 30, 2025, the most recent in the dataset. Unipal raised an undisclosed Seed in December 2024, and Tajweed closed an undisclosed Seed in August 2024.

Was there a particularly active year for funding in this dataset?

Both 2023 and 2024 account for four rounds each. The 2023 rounds include larger disclosed amounts — Estater's $5M Series A and Aion Digital's $5M Seed — while all four 2024 rounds were early-stage with mostly undisclosed amounts.

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