MENA Analytics Secures Funding to Expand into Jordan and Saudi Arabia

Startups in the Palestinian territories don't tend to grab headlines often, but this week, Ramallah-based data analytics outfit MENA Analytics bucked the trend with news of fresh funding. The investment boost came courtesy of the local venture capital firm, Ibtikar Fund—renowned for backing promising new businesses in the region.

If you haven't crossed paths with them before, MENA Analytics was launched just earlier this year, in 2023, by a lively quartet of entrepreneurs: Yousef Srouji, Obada Shtayyeh, Zayne Abudaka and Mohammad Abu al-Qura'. Their company focuses on providing advanced tools for creating surveys, collecting and automating data, and digging deeper into data analysis. Basically, they're looking to make analysing heaps of information way less of a headache for organisations and businesses.

According to available reports, this new funding will help MENA Analytics expand beyond their Palestinian roots, with a keen eye on the markets of Jordan and Saudi Arabia. Expansions like these don't come cheap, but with quick thinking and insightful ideas behind them—and now some significant cash backing—this fledgling firm looks ready to tackle bigger markets.

Tech-savvy Arageek readers will know how tricky it is to scale startups, especially in the Middle East region, where markets are fragmented, competition fierce, and funding often hard to come by. Still, innovative and persistent firms can thrive if given that critical bit of early support. With Ibtikar Fund spotting concrete potential in MENA Analytics, it's clear the founders have achieved exactly that.

It'll be fascinating watching these young entrepreneurs carve out their space in a competitve regional market, and possibly—as many Palestinian startups dream—even reach far beyond the Middle East. For now, everyone at Arageek will likely be keeping tabs, waiting to see how they handle the pressures and promise of their next growth phase.