Nawah Scientific Raises $23 Million in Series A Funding

DFP portfolio company, Nawah Scientific, has successfully raised $23 million, which was announced during its 10th anniversary celebration in Cairo.

Nawah Scientific is a cloud-based laboratory platform providing R&D services and analytical testing remotely across the Middle East and North Africa (MENA) region. The company employs approximately 160 researchers and has tested over one million samples for clients in more than 30 countries. It is also the first company in the MENA region to obtain ISO 17034 certification for quality and standardization.

The round was a mix of equity and debt, led by Life Ventures Holding Group. The company aims to build a 10,000-sqm global research center in Rwanda, double its laboratory capacity in Egypt and Saudi Arabia, and expand further across North Africa and Europe.