Funded Startups in Manama
Disclosed round sizes in Manama are highly concentrated, with Rain’s $110M Series B (2022-01-18) standing far above the rest of the disclosed amounts shown.
Disclosed round sizes in Manama are highly concentrated, with Rain’s $110M Series B (2022-01-18) standing far above the rest of the disclosed amounts shown. The next-largest disclosed figures are Calo at $13M (2022-12-06) and then Estater and Aion Digital at $5M each (2023-03-22 and 2023-02-09). At the other end, the smallest disclosed amount is $50K for ReQahwa’s “Series Unknown” round (2024-02-23), creating a wide disclosed range from $50K to $110M.
Rounds cluster around specific launch periods: several entries land in 2024 (including Siin on 2026-05-05 as the most recent, plus multiple 2024 rounds such as Sellou’s $300K on 2025-03-30 and several undisclosed-seeded rounds across 2024-08 to 2024-04), and there are multiple financial-services listings spanning 2021–2022 (Rain 2022-01-18; AFS 2021-12-10; Aion Digital 2023-02-09). Geography is largely Manama-based (15 of 17 rows list Manama city), but a minority includes Ajman-based locations (Travilege on 2024-08-23 and AFS on 2021-12-10). Stages are mostly early: Seed appears in 7 of 17 rows, “Series Unknown” appears in 4 of 17, and “undisclosed” amounts appear in 8 of 17 rows.
Most recent rounds
17 shownRelated listings
Frequently asked
Which disclosed round looks like the main outlier in this Manama list, and what’s the next-largest disclosed figure?
Rain’s $110M Series B (2022-01-18) is the only disclosed round above $50M and dwarfs the rest. The next-largest disclosed amounts are Calo’s $13M (2022-12-06), followed by Estater $5M (2023-03-22) and Aion Digital $5M (2023-02-09).
How tight is the concentration around the most recent entries, and what are the calendar edges visible in the 17 rows?
The newest row is Siin’s Seed round on 2026-05-05 ($3M), while the oldest is Rain’s Series B on 2022-01-18 ($110M). Several entries also cluster in 2023–2024, including Estater (2023-03-22, $5M), Aion Digital (2023-02-09, $5M), and multiple 2024 deals like Tajweed (2024-08-23, undisclosed) and Daleel (2024-04-03, undisclosed).
Are the rounds concentrated in Manama itself, or do other cities in the listings show up frequently?
Manama dominates: 15 of 17 rows list Manama as the city, including Siin (2026-05-05), Calo (2022-12-06), and Rain (2022-01-18). The remaining two rows use Ajman in the location field: Travilege (2024-08-23, undisclosed; listed as Manama, Ajman, United Arab Emirates) and AFS (2021-12-10, $98M; Manama, Ajman, United Arab Emirates).
What stage mix stands out—does the list lean toward early rounds or include many later-stage deals?
Early rounds dominate: Seed appears in 7 of 17 rows (e.g., Siin on 2026-05-05 for $3M; Parcel on 2023-02-23 for $1M; Sellou on 2025-03-30 for $300K). Later-stage disclosures do exist but are fewer: Rain is the clearest later-stage outlier with a Series B ($110M on 2022-01-18), while Estater’s Series A ($5M on 2023-03-22) appears once and no Series C+ rows are shown.
How common are undisclosed or “Series Unknown” classifications in this dataset, and does that affect comparing sizes?
Undisclosed amounts show up in 8 of 17 rows (for example, Amalfi Foods on 2025-11-03 and Calo is disclosed at $13M on 2022-12-06, but Faceki on 2022-08-15 is undisclosed). “Series Unknown” also appears in 4 of 17 rows, including ReQahwa (2024-02-23, $50K) and Aion Digital’s classification is Seed, not unknown—so size comparisons rely on fewer rows when categories are missing.
Which sectors recur enough to look like a cluster, and where do the biggest disclosed rounds sit by sector?
Financial Services appears repeatedly: Rain ($110M on 2022-01-18), AFS ($98M on 2021-12-10), and Aion Digital ($5M on 2023-02-09) all fall under the same sector label. The largest disclosed figures are also concentrated in that sector, with Rain’s $110M and AFS’s $98M, whereas the next-largest disclosed amounts outside that cluster include Calo in Food and Beverage at $13M (2022-12-06).
Know which startups just got funded. Every week.
Fresh funding rounds, new companies, and the sectors moving fastest — in your inbox every Monday morning.
Free. Sent every Monday. Unsubscribe anytime.