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Egyptian life science startup Nawah Scientific announced the the closing a second pre-series A round of $1 million in mixed equity and debt capital, raising its total funding to $2 million, maintaining its position as the most funded life science venture in MENA, with plans to close a significant Series A round later in 2021.
This announcement comes shortly after Nawah has celebrated inaugurating its new hub of labs, which was described as “The biggest private multidisciplinary research hub in Egypt”, and almost a year after winning the 2nd position in the prestigious competition, Africa Business Heroes by Ali Baba’s founder, Jack Ma.