Funded Startups in Manama
Among the 15 Manama-area funded entries shown, the only disclosed round above $50M is Rain’s $110M (Series B, 2022-01-18).
Among the 15 Manama-area funded entries shown, the only disclosed round above $50M is Rain’s $110M (Series B, 2022-01-18). The next-largest disclosed amounts cluster much lower, led by AFS at $98M (Venture – Series Unknown, 2021-12-10) and Estater at $5M (Series A, 2023-03-22), with several disclosed rounds at $1M–$50K (for example, ACE at $100K on 2021-12-06).
A timing cluster is visible: three disclosed rounds fall between 2023-02-09 and 2023-03-22 (Aion Digital $5M, 2023-02-09; Parcel $1M, 2023-02-23; Estater $5M, 2023-03-22), while the dataset’s most recent entry is Sellou’s $300K seed on 2025-03-30. Geographically, most companies list Manama; the exceptions are Travilege (listed with Manama, Ajman, UAE on 2024-08-23) and AFS (listed with Manama, Ajman, UAE on 2021-12-10). Stage labels and disclosure are also uneven: 6 of 15 rows are “undisclosed,” and 4 of 15 are “Series Unknown,” spanning early-stage and later-stage labels (e.g., ReQahwa’s Series Unknown $50K on 2024-02-23).
Most recent rounds
15 shownRelated listings
Frequently asked
What’s the largest disclosed round in the Manama-focused list, and how different is it from the rest?
Rain’s $110M (Series B, 2022-01-18) is the largest disclosed amount and sits well above the other disclosed rounds, with the next-largest being AFS at $98M (Venture – Series Unknown, 2021-12-10) and several disclosed deals concentrated in the $5M range (Estater $5M on 2023-03-22; Aion Digital $5M on 2023-02-09).
Do the rounds cluster tightly in time, or are they spread out evenly across years?
There’s a noticeable mid-2023 cluster: three disclosed rounds occurred within about 6 weeks, from Aion Digital’s $5M on 2023-02-09 to Estater’s $5M on 2023-03-22 (with Parcel at $1M on 2023-02-23). Outside that window, dates span from 2021-12-06 (ACE $100K) through 2025-03-30 (Sellou $300K).
Which disclosure/stage classifications dominate, and does that skew how much can be compared?
Disclosure is incomplete: 6 of 15 entries list “undisclosed,” and 4 of 15 list “Series Unknown” (including ReQahwa $50K on 2024-02-23 and Silent Power with an undisclosed amount on 2023-07-18). That combination means only a subset of rows support clean comparisons by both stage and amount.
Are there sector patterns (3+ entries) or does the list look highly diversified?
Sectors appear diversified rather than concentrated: only Financial Services shows up repeatedly with 3 entries (Aion Digital $5M on 2023-02-09, Rain $110M on 2022-01-18, and AFS $98M on 2021-12-10). Other sectors such as Commerce and Shopping and Seed-stage Apps appear only once in the visible rows.
Any geographic outliers within the Manama-labeled results?
Most entries list Manama, but two rows explicitly include “Manama, Ajman, United Arab Emirates”: Travilege (Angel, 2024-08-23, amount undisclosed) and AFS (Venture – Series Unknown, 2021-12-10, $98M). Those two also align with higher-value disclosed funding compared with several Manama-only entries like ACE’s $100K on 2021-12-06.
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.