Startup Wrap – UAE firms lead this week’s venture activity

CAIRO: A flurry of investment deals flourished throughout the Middle East region, with UAE-based venture capitals landing a handful of transactions across multiple sectors.

In a significant move underscoring the growing interest in health technology, Dubai- headquartered Wamda Capital has participated in a $4.7 million seed funding round for the Turkey-based health tech startup Salus.  

This round marks a milestone for the firm, gathering notable investors in its mission to revolutionize corporate mental health services.