At the core of our ethos is a firm belief in human potential and the promise of a better future.
We forge lasting legacies by partnering with founders who are obsessed with redefining paradigms and building companies that will transcend generations.
Our sweet spot is seed-stage investing. We are post-launch investors who prefer to see early signs of product-market fit or market validation with levels of traction across industry-specific KPIs.
While we do have preferred sectors based on areas of expertise, ultimately, our interests ebb and flow as startup ecosystems and technology naturally evolve and mature.
We seek founders adept at unlocking growth and mastering the art of efficient capital utilization.
We look for founders who have lived the problems they are solving. We believe it is fundamental for founders to build businesses in industries they inherently understand.
We back founders committed to building companies that transcend borders.
We focus on startups that effectively utilize technology as the primary tool to unlock scalable growth.
Total capital deployed in private investments
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Revolutionizing Building Decarbonization
Carbon Clear is pioneering the pathway to building decarbonization with its cutting-edge platform designed for energy professionals. This innovative solution streamlines the auditing process, transforming energy and building data into actionable insights for rapid compliance and carbon reduction strategies. By optimizing workflows and leveraging AI-driven models, Carbon Clear helps users navigate industry regulations and market demands effectively.
Amidst growing regulatory pressures and a market shifting towards sustainable practices, Carbon Clear uniquely positions its clients at the forefront of energy efficiency and sustainable development. This platform not only enhances the speed and precision of carbon compliance but also supports a scalable transition to greener building practices, making it an essential tool for energy service companies, consultants, and property managers aiming to meet and exceed environmental targets.
Schedule a demo here.
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The company will use the funds to build more tools enabling fast and transparent transactions by ecosystem players.
Zest Equity is building the infrastructure to digitize private market transactions, building tools to streamline how entrepreneurs, funds and investors transact and communicate.
At its core, the company is building a comprehensive tool to cut costs and complexities involved in traditional private market transactions. As more startups evolve and mature in the ecosystem, the requirements for liquduity solutions will only increase and Zest is positioned to serve those needs.
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The company leverages proprietary technology to serve all stakeholders in the insurance value-chain.
Wellx incentivizes health and life insurance customers to embrace wellness. By encouraging the use of cost-saving digital health tools and integrating AI for efficient customer service, Wellx not only lowers costs but also champions a healthier lifestyle.
By leveraging technology and deep industry expertise, Wellx serves all stakeholders in the insurance value chain, from insurers, to brokers, to corporates, to end users. The company is headquartered in the UAE.
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The startup has built systems for ordering, warehouse management and transport management, enabling merchants to tap hyperlocal and omnichannel commerce, manage their orders efficiently and inventory in real time.
Omniful is a Cloud-based Supply Chain Execution, E-Commerce Operations and Omnichannel Enablement Software Platform.
Omniful helps Retailers, 3PL Fulfillment Providers, and D2C Brands automate order and warehouse management, through end-to- end visibility and control, advanced order processing, real-time inventory management, hyperlocal fleet & delivery management, and seamless integration with multiple sales channels and marketplaces—all while efficiently managing last-mile operations in one solution.
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PostEx provides services like upfront payments in a country where more than 90% of e-commerce payments are still completed in cash, and revenue-based financing for e-commerce sellers and SMEs.
PostEx is a hybrid of Fintech and Logitech solution which focuses on e-commerce sellers by offering financial services like cash-on-delivery and growth financing with embedded logistics. The Last-Mile solution, paired with the financial services, ensures consistent and high-quality growth for sellers in the industry.
PostEx is headquartered in Pakistan but has begun expanding into the GCC, where the company will leverage technology to continue serving SMEs with innovative value-add services.
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After selling over a quarter million items via the KitchenMate food service division in Toronto, KitchenMate is now offering technology as a white-labeled solution to vending, micro-market, and foodservice operators across the US and Canada. This allows operators to easily launch their own autonomous smart stores, selling their products under their brand, anytime, anywhere
Micromart™ develops food retail technology for vending, micro-market, and food service operators. Our mission is to power fully autonomous stores and connect communities to the food they crave.
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The Series B funding will allow Mejuri to continue establishing itself as a dominant omnichannel player in the DTC jewelry space.
Since 2015, Mejuri has been turning fine jewelry into an everyday luxury, inspiring their community to celebrate what matters most to them. Feeling disconnected from an industry that typically markets to men, CEO and Co-Founder Noura Sakkijha leveraged her learnings as a third-generation jeweler to redefine how we think of and purchase fine jewelry. Mejuri works with trusted suppliers to design pieces with craftsmanship, responsible sourcing, and style at its core. Mejuri has expanded to become a global brand with over 560 employees—77% of whom identify as women—29 stores, and two million customers, including celebrity fans and tastemakers.
As part of Noura’s original vision of positively impacting the industry and beyond, the Mejuri Empowerment Fund has allocated almost half a million dollars to support women and non-binary people's access to skills through traditional and nontraditional education so they can design the life they want. The brand also launched its first Sustainability Report in May 2023 and is a Founding Partner of Regeneration, a revolutionary re-mining initiative from RESOLVE dedicated to rehabilitating legacy mining sites and restoring surrounding natural environments.
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Dubai-based independent renewable energy company has a 411MW portfolio of projects in Egypt and Jordan.
China is making one of its biggest pushes yet into Middle Eastern renewable energy.
Alcazar has been involved in high-profile clean energy projects in Egypt and Jordan.
Alcazar Energy Partners – I (AEP-I), was established in 2014 by a highly qualified group of professionals with in-depth knowledge in renewable energy from an investment, project finance, and technical perspective.
By 2018, AEP-I had created the largest independent renewable energy project portfolio in the Middle East & North Africa (MENA) region at the time. This included Five solar photovoltaic (PV) and two onshore wind projects across Jordan and Egypt with a total generation capacity of 411 MW.
In 2021, Alcazar Energy concluded a successful exit of its portfolio in AEP-I through an auction, which received strong market interest from a highly diversified group of bidders. The exit culminated in a landmark acquisition led by China Three Gorges, in consortium with two Chinese sovereign investment funds, enabling the entry of a leading global energy investor into the MENA region.
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The company is poised to accelerate growth while maintaining attractive margins.
Cairo and Dubai-based ride-sharing company Swvl plans to go public in a merger with special purpose acquisition company Queen’s Gambit Growth Capital
Swvl is a provider of tech-enabled mass transit solutions, offering intercity, intracity, B2B and B2G transportation products and services. Swvl operates in 135 cities in 20 countries across Latin America, Europe, Africa and Asia.
Swvl provides ridepooling services with a focus on mass transit. Using the app, customers can reserve and pay for rides on private buses operating on fixed routes. The company’s proprietary algorithm uses the passenger’s location and destination to o the quickest The service provide reliable alternatives to public transportation without the expense of individual ridesharing optionshe technology also allows for more efficiency than public transportation, which results in lower emissions. Swvl also provides inter-city rides, car ride-sharing, and corporate services
The company went public in March 2022 and is traded on the exchange under the ticker SWVL
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Already the most prominent digital health startup in MENA, the funding will allow Altibbi to expand into new verticals and cement it's place as the regions only end-to-end digital health startup.
Founded in 2011, Altibbi is the region’s first and largest digital health platform with over 20 million unique monthly visitors and three million consultations a year, Altibbi is uniquely placed, and dramatically impacts and fundamentally re-wires the healthcare value chain across the Arab World delivering more cost effective, quality healthcare to individuals, corporates, insurers, and the public sector.
Altibbi hosts over two million pages of content, and has published six peer reviewed scientific papers in the last year. It has conducted 4.5 million telehealth consultations to date, has 20 million unique visitors a month to its platform, and offers its 24/7 telehealth services across seven regional countries – with over 1,500 active certified doctors on the platform.
Altibbi’s AI engine, created by their leading team of data scientists, engineers and clinicians, also provides a unique capability for a comprehensive patient solution.
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This investment will go towards the development of a robust channel partner program that will widen Veem’s geographic footprint.
Veem enables business to pay and get paid in over 100 countries in just seconds. With multiple payment options, real-time payments, and detailed tracking, Veem offers businesses quicker and more affordable ways to send and collect payments and improve cash flow.
Veem is trusted by more than 800,000 businesses in over 100 countries.
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The funding round will support ZenHR's presence in 12 markets as it seeks to add new verticals to its business line, in order to create the most comprehensive HRMS in MENA.
ZenHR is a cloud-first category leader in B2B HR SaaS targeted to the Middle East and North Africaregion. ZenHR is not just another HRsoftware; it is a transformative HR experience created to help HR departments and employees reach astate of Zen. With localized features and interface, including labor laws, social insurance, tax, expatregulations, General Organisation of Social Insurance (GOSI), and Wage Protection System (WPS), ZenHR’s HRMS serves everyone from SME to Enterprise customers in the MENA market.
ZenHR adheres to and holds onto its values to delight customers and deliver the best experience dayafter day. We understand how important it is to create a positive employee experience at everytouchpoint in the HR lifecycle. That's why we aim to continuously learn and deploy the latest HR trendsinto our system so you can make informed decisions that fit the unique requirements of yourorganization.
ZenHR’s Modules:
For more information: sales@zenhr.com
To request a demo: Click Here
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Smart Automation Energy (SmartAE) is a pioneering Energy Service Company (ESCO) delivering sustainable energy efficiency solutions through an"Intelligent efficiency @ Work” philosophy. Intelligent Efficiency (IE) is about delivering continuous and sustained energy efficiency solutions through the evolving capabilities of IoT (Internet of Things) and the use of information and communication technologies.
In addition to Energy Efficiency, core verticals include BMS & Controls Retrofit, HVAC Retrofit, Remote FM, and Energy/Environment Management System (EEMS), reflecting our comprehensive approach towards sustainable energy solutions.
With operations across the UAE, Saudi Arabia, Iraq and Jordan, the vision is to be the region's enowned pioneer in intelligent efficiency solutions with a mission tp deliver adaptable, future-ready solutions that optimize energy consumption and comfort through intelligent integration with building automation systems.
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Floranow acquires Bloomax as it eyes growth in $1.15bn sector
Floranow is a global floral B2B online marketplace unlocking the door to a world of amazing flowers from around the globe with just one click of a button.
Founded in 2016, Floranow’s mission is to revolutionize the floral industry. Its business model combines a digital platform - ensuring smooth transactions between sellers and buyers - and a logistics stack moving products twice as fast as traditional channels, in an optimized cool chain solution.
Floranow manages the supply chain from the farm to the florist, including all freight stages, customs clearance, quality control and last mile delivery - connecting growers to importers in over 20 markets.
We pride ourselves in carefully selecting products from the best global growers across Holland, Kenya, Thailand, Colombia, South Africa and Sri Lanka, connecting to flower retailers, plants & nurseries, wedding & events planners and hotels across the Middle East.
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This injection of debt and equity enables liwwa to continue serving SMEs across Jordan with innovative financing solutions tailored specifically for small businesses.
liwwa, a Jordan-based fintech company, specializes in addressing the access to finance challenges faced by small and medium-sized enterprises (SMEs). Utilizing advanced technology to power its proprietary credit engine, liwwa offers fast and uncollateralized loans to SMEs, recognizing their significance as key contributors to the economy.
Since its establishment, liwwa has disbursed more than USD 132 million in loans, creating more than 13 thousand jobs and generating more than USD 45 million in income for its clients.
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The brand continues to command shelf-space in retailers across the world.
Nafsika Skourti is a directional label run by Greek-Palestinian sisters Nafsika and Stephanie Skourti. The women's wear brand is defined by a fusion of craftsmanship and cool, selling at the accessible luxury price point. With a focus on elevated daywear and modern evening wear, NS creates ready-to-wear pieces that can be worn for any occasion, balancing the statement with the subtle.
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The Elixir team brings a wealth of experience to the table and will serve as an integral part of the UAE's continued efforts to push towards a digital future.
Elixir Capital is an emerging early-stage blockchain VC firm based between London and the UAE investing globally in Pre-Seed through Series A Web3 companies. They also run a Digital Assets accelerator program for Hub71, a Mubadala backed tech ecosystem, in Abu Dhabi.
The team focuses on certain key thematics with a focus on driving real-world blockchain utility. The two founding partners, with a background of institutional investing at Visa Ventures, and running accelerators at Outlier Ventures are supported by an in-house technical and primary research team and they take an active hands-on approach with the portfolio supported by their network of 20+ venture partners. Before they came together, the two partners invested in over 100+ Web3 businesses, with a TVPI of 15.3x and over $300M+ in follow-on capital raised.
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The fund focuses specifcally on tech-enabled startups serving emerging markets around the world.
Alter is an early-stage venture capital firm investing in emerging markets, specifically Latin America, South and Southeast Asia, the Middle East and Africa. Our mission is to catalyze emerging tech ecosystems by backing role model founders - and to make top-decile venture returns along the way.
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VC firm worked to secure its money and that of its companies amid the turmoil caused by Silicon Valley Bank’s collapse
Race Capital is an early-stage venture capital fund focused on investing in exceptional founders, developers and entrepreneurs who are building market-transforming companies in the data, enterprise, software infrastructure, and fintech sectors in both Web2 and Web3. They are seed investors in Databricks, Vectara, Solana, FTX, Agora.io, RapidAPI and Zeet as well as other companies that are working to build the technology of tomorrow.
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The fund's primary focus is to continue investing in the companies led by Endeavor Entrepreneurs globally.
Endeavor Catalyst is the rules-based co-investment fund of Endeavor that invests in qualifying companies led by Endeavor Entrepreneurs in 42 markets around the world. In its 10+ years of operation, Endeavor Catalyst has made over 300 investments, achieved 24 exits, and has 50+ companies valued at $1B+ in its portfolio. Endeavor Catalyst aims to generate strong returns for investors, financially support Endeavor’s global and local operations, and reinvest into future Endeavor Catalyst funds.
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Revolutionizing Building Decarbonization
Carbon Clear is pioneering the pathway to building decarbonization with its cutting-edge platform designed for energy professionals. This innovative solution streamlines the auditing process, transforming energy and building data into actionable insights for rapid compliance and carbon reduction strategies. By optimizing workflows and leveraging AI-driven models, Carbon Clear helps users navigate industry regulations and market demands effectively.
Amidst growing regulatory pressures and a market shifting towards sustainable practices, Carbon Clear uniquely positions its clients at the forefront of energy efficiency and sustainable development. This platform not only enhances the speed and precision of carbon compliance but also supports a scalable transition to greener building practices, making it an essential tool for energy service companies, consultants, and property managers aiming to meet and exceed environmental targets.
Schedule a demo here.
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The company will use the funds to build more tools enabling fast and transparent transactions by ecosystem players.
Zest Equity is building the infrastructure to digitize private market transactions, building tools to streamline how entrepreneurs, funds and investors transact and communicate.
At its core, the company is building a comprehensive tool to cut costs and complexities involved in traditional private market transactions. As more startups evolve and mature in the ecosystem, the requirements for liquduity solutions will only increase and Zest is positioned to serve those needs.
Close Page
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Markets:
Investment Date:
The company leverages proprietary technology to serve all stakeholders in the insurance value-chain.
Wellx incentivizes health and life insurance customers to embrace wellness. By encouraging the use of cost-saving digital health tools and integrating AI for efficient customer service, Wellx not only lowers costs but also champions a healthier lifestyle.
By leveraging technology and deep industry expertise, Wellx serves all stakeholders in the insurance value chain, from insurers, to brokers, to corporates, to end users. The company is headquartered in the UAE.
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The startup has built systems for ordering, warehouse management and transport management, enabling merchants to tap hyperlocal and omnichannel commerce, manage their orders efficiently and inventory in real time.
Omniful is a Cloud-based Supply Chain Execution, E-Commerce Operations and Omnichannel Enablement Software Platform.
Omniful helps Retailers, 3PL Fulfillment Providers, and D2C Brands automate order and warehouse management, through end-to- end visibility and control, advanced order processing, real-time inventory management, hyperlocal fleet & delivery management, and seamless integration with multiple sales channels and marketplaces—all while efficiently managing last-mile operations in one solution.
Close Page
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Markets:
Investment Date:
PostEx provides services like upfront payments in a country where more than 90% of e-commerce payments are still completed in cash, and revenue-based financing for e-commerce sellers and SMEs.
PostEx is a hybrid of Fintech and Logitech solution which focuses on e-commerce sellers by offering financial services like cash-on-delivery and growth financing with embedded logistics. The Last-Mile solution, paired with the financial services, ensures consistent and high-quality growth for sellers in the industry.
PostEx is headquartered in Pakistan but has begun expanding into the GCC, where the company will leverage technology to continue serving SMEs with innovative value-add services.
Close Page
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Markets:
Investment Date:
After selling over a quarter million items via the KitchenMate food service division in Toronto, KitchenMate is now offering technology as a white-labeled solution to vending, micro-market, and foodservice operators across the US and Canada. This allows operators to easily launch their own autonomous smart stores, selling their products under their brand, anytime, anywhere
Micromart™ develops food retail technology for vending, micro-market, and food service operators. Our mission is to power fully autonomous stores and connect communities to the food they crave.
Close Page
Industries:
Markets:
Investment Date:
The Series B funding will allow Mejuri to continue establishing itself as a dominant omnichannel player in the DTC jewelry space.
Since 2015, Mejuri has been turning fine jewelry into an everyday luxury, inspiring their community to celebrate what matters most to them. Feeling disconnected from an industry that typically markets to men, CEO and Co-Founder Noura Sakkijha leveraged her learnings as a third-generation jeweler to redefine how we think of and purchase fine jewelry. Mejuri works with trusted suppliers to design pieces with craftsmanship, responsible sourcing, and style at its core. Mejuri has expanded to become a global brand with over 560 employees—77% of whom identify as women—29 stores, and two million customers, including celebrity fans and tastemakers.
As part of Noura’s original vision of positively impacting the industry and beyond, the Mejuri Empowerment Fund has allocated almost half a million dollars to support women and non-binary people's access to skills through traditional and nontraditional education so they can design the life they want. The brand also launched its first Sustainability Report in May 2023 and is a Founding Partner of Regeneration, a revolutionary re-mining initiative from RESOLVE dedicated to rehabilitating legacy mining sites and restoring surrounding natural environments.
Close Page
Industries:
Markets:
Investment Date:
Dubai-based independent renewable energy company has a 411MW portfolio of projects in Egypt and Jordan.
China is making one of its biggest pushes yet into Middle Eastern renewable energy.
Alcazar has been involved in high-profile clean energy projects in Egypt and Jordan.
Alcazar Energy Partners – I (AEP-I), was established in 2014 by a highly qualified group of professionals with in-depth knowledge in renewable energy from an investment, project finance, and technical perspective.
By 2018, AEP-I had created the largest independent renewable energy project portfolio in the Middle East & North Africa (MENA) region at the time. This included Five solar photovoltaic (PV) and two onshore wind projects across Jordan and Egypt with a total generation capacity of 411 MW.
In 2021, Alcazar Energy concluded a successful exit of its portfolio in AEP-I through an auction, which received strong market interest from a highly diversified group of bidders. The exit culminated in a landmark acquisition led by China Three Gorges, in consortium with two Chinese sovereign investment funds, enabling the entry of a leading global energy investor into the MENA region.
Close Page
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Markets:
Investment Date:
Investment Stage:
Investment Status:
The company is poised to accelerate growth while maintaining attractive margins.
Cairo and Dubai-based ride-sharing company Swvl plans to go public in a merger with special purpose acquisition company Queen’s Gambit Growth Capital
Swvl is a provider of tech-enabled mass transit solutions, offering intercity, intracity, B2B and B2G transportation products and services. Swvl operates in 135 cities in 20 countries across Latin America, Europe, Africa and Asia.
Swvl provides ridepooling services with a focus on mass transit. Using the app, customers can reserve and pay for rides on private buses operating on fixed routes. The company’s proprietary algorithm uses the passenger’s location and destination to o the quickest The service provide reliable alternatives to public transportation without the expense of individual ridesharing optionshe technology also allows for more efficiency than public transportation, which results in lower emissions. Swvl also provides inter-city rides, car ride-sharing, and corporate services
The company went public in March 2022 and is traded on the exchange under the ticker SWVL
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Already the most prominent digital health startup in MENA, the funding will allow Altibbi to expand into new verticals and cement it's place as the regions only end-to-end digital health startup.
Founded in 2011, Altibbi is the region’s first and largest digital health platform with over 20 million unique monthly visitors and three million consultations a year, Altibbi is uniquely placed, and dramatically impacts and fundamentally re-wires the healthcare value chain across the Arab World delivering more cost effective, quality healthcare to individuals, corporates, insurers, and the public sector.
Altibbi hosts over two million pages of content, and has published six peer reviewed scientific papers in the last year. It has conducted 4.5 million telehealth consultations to date, has 20 million unique visitors a month to its platform, and offers its 24/7 telehealth services across seven regional countries – with over 1,500 active certified doctors on the platform.
Altibbi’s AI engine, created by their leading team of data scientists, engineers and clinicians, also provides a unique capability for a comprehensive patient solution.
Close Page
Industries:
Markets:
Investment Date:
This investment will go towards the development of a robust channel partner program that will widen Veem’s geographic footprint.
Veem enables business to pay and get paid in over 100 countries in just seconds. With multiple payment options, real-time payments, and detailed tracking, Veem offers businesses quicker and more affordable ways to send and collect payments and improve cash flow.
Veem is trusted by more than 800,000 businesses in over 100 countries.
Close Page
Industries:
Markets:
Investment Date:
The funding round will support ZenHR's presence in 12 markets as it seeks to add new verticals to its business line, in order to create the most comprehensive HRMS in MENA.
ZenHR is a cloud-first category leader in B2B HR SaaS targeted to the Middle East and North Africaregion. ZenHR is not just another HRsoftware; it is a transformative HR experience created to help HR departments and employees reach astate of Zen. With localized features and interface, including labor laws, social insurance, tax, expatregulations, General Organisation of Social Insurance (GOSI), and Wage Protection System (WPS), ZenHR’s HRMS serves everyone from SME to Enterprise customers in the MENA market.
ZenHR adheres to and holds onto its values to delight customers and deliver the best experience dayafter day. We understand how important it is to create a positive employee experience at everytouchpoint in the HR lifecycle. That's why we aim to continuously learn and deploy the latest HR trendsinto our system so you can make informed decisions that fit the unique requirements of yourorganization.
ZenHR’s Modules:
For more information: sales@zenhr.com
To request a demo: Click Here
Close Page
Industries:
Markets:
Investment Date:
Smart Automation Energy (SmartAE) is a pioneering Energy Service Company (ESCO) delivering sustainable energy efficiency solutions through an"Intelligent efficiency @ Work” philosophy. Intelligent Efficiency (IE) is about delivering continuous and sustained energy efficiency solutions through the evolving capabilities of IoT (Internet of Things) and the use of information and communication technologies.
In addition to Energy Efficiency, core verticals include BMS & Controls Retrofit, HVAC Retrofit, Remote FM, and Energy/Environment Management System (EEMS), reflecting our comprehensive approach towards sustainable energy solutions.
With operations across the UAE, Saudi Arabia, Iraq and Jordan, the vision is to be the region's enowned pioneer in intelligent efficiency solutions with a mission tp deliver adaptable, future-ready solutions that optimize energy consumption and comfort through intelligent integration with building automation systems.
Close Page
Industries:
Markets:
Investment Date:
Floranow acquires Bloomax as it eyes growth in $1.15bn sector
Floranow is a global floral B2B online marketplace unlocking the door to a world of amazing flowers from around the globe with just one click of a button.
Founded in 2016, Floranow’s mission is to revolutionize the floral industry. Its business model combines a digital platform - ensuring smooth transactions between sellers and buyers - and a logistics stack moving products twice as fast as traditional channels, in an optimized cool chain solution.
Floranow manages the supply chain from the farm to the florist, including all freight stages, customs clearance, quality control and last mile delivery - connecting growers to importers in over 20 markets.
We pride ourselves in carefully selecting products from the best global growers across Holland, Kenya, Thailand, Colombia, South Africa and Sri Lanka, connecting to flower retailers, plants & nurseries, wedding & events planners and hotels across the Middle East.
Close Page
Industries:
Markets:
Investment Date:
This injection of debt and equity enables liwwa to continue serving SMEs across Jordan with innovative financing solutions tailored specifically for small businesses.
liwwa, a Jordan-based fintech company, specializes in addressing the access to finance challenges faced by small and medium-sized enterprises (SMEs). Utilizing advanced technology to power its proprietary credit engine, liwwa offers fast and uncollateralized loans to SMEs, recognizing their significance as key contributors to the economy.
Since its establishment, liwwa has disbursed more than USD 132 million in loans, creating more than 13 thousand jobs and generating more than USD 45 million in income for its clients.
Close Page
Industries:
Markets:
Investment Date:
The brand continues to command shelf-space in retailers across the world.
Nafsika Skourti is a directional label run by Greek-Palestinian sisters Nafsika and Stephanie Skourti. The women's wear brand is defined by a fusion of craftsmanship and cool, selling at the accessible luxury price point. With a focus on elevated daywear and modern evening wear, NS creates ready-to-wear pieces that can be worn for any occasion, balancing the statement with the subtle.
Close Page
Industries:
Markets:
Investment Date:
The Elixir team brings a wealth of experience to the table and will serve as an integral part of the UAE's continued efforts to push towards a digital future.
Elixir Capital is an emerging early-stage blockchain VC firm based between London and the UAE investing globally in Pre-Seed through Series A Web3 companies. They also run a Digital Assets accelerator program for Hub71, a Mubadala backed tech ecosystem, in Abu Dhabi.
The team focuses on certain key thematics with a focus on driving real-world blockchain utility. The two founding partners, with a background of institutional investing at Visa Ventures, and running accelerators at Outlier Ventures are supported by an in-house technical and primary research team and they take an active hands-on approach with the portfolio supported by their network of 20+ venture partners. Before they came together, the two partners invested in over 100+ Web3 businesses, with a TVPI of 15.3x and over $300M+ in follow-on capital raised.
Close Page
Industries:
Markets:
Investment Date:
The fund focuses specifcally on tech-enabled startups serving emerging markets around the world.
Alter is an early-stage venture capital firm investing in emerging markets, specifically Latin America, South and Southeast Asia, the Middle East and Africa. Our mission is to catalyze emerging tech ecosystems by backing role model founders - and to make top-decile venture returns along the way.
Close Page
Industries:
Markets:
Investment Date:
VC firm worked to secure its money and that of its companies amid the turmoil caused by Silicon Valley Bank’s collapse
Race Capital is an early-stage venture capital fund focused on investing in exceptional founders, developers and entrepreneurs who are building market-transforming companies in the data, enterprise, software infrastructure, and fintech sectors in both Web2 and Web3. They are seed investors in Databricks, Vectara, Solana, FTX, Agora.io, RapidAPI and Zeet as well as other companies that are working to build the technology of tomorrow.
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Markets:
Investment Date:
The fund's primary focus is to continue investing in the companies led by Endeavor Entrepreneurs globally.
Endeavor Catalyst is the rules-based co-investment fund of Endeavor that invests in qualifying companies led by Endeavor Entrepreneurs in 42 markets around the world. In its 10+ years of operation, Endeavor Catalyst has made over 300 investments, achieved 24 exits, and has 50+ companies valued at $1B+ in its portfolio. Endeavor Catalyst aims to generate strong returns for investors, financially support Endeavor’s global and local operations, and reinvest into future Endeavor Catalyst funds.
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Change-agent business leader acquires tech company positioned for global growth.
Genesys Global, founded in 2009 and based in Charlotte, North Carolina, is a lighting tech company proven to help businesses save millions on energy costs with their proprietary gLED™ and gHID™ lighting technologies, which can cut energy costs by 30%-70% using existing lighting fixtures. Its lighting solutions also offer distinct advantages to fluorescent and LED lighting systems and provide energy efficiency for virtually any existing high-intensity discharge (HID) infrastructure.
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Could this be the end of Stringify as we know it?
Soon-to-be-released Stringify for Android Honored in Software and Mobile Apps Category.
IoE Startup Stringify Receives $6.3 Million in Seed Funding Led by ARTIS Ventures Former Cisco Chief Futurist Dave Evans Joins with Consumer Product Veterans to Transform the Internet of Everything.
Stringify, founded in 2014, is an award-winning tech startup that provides cloud-powered automation service for more than 500 IoT products and digital services including Nest, Philips Hue, Ring, Amazon Alexa, Honeywell, Insteon, LIFX, Netgear, and Google. Stringify created an Internet of Things (IoT) connection platform that shapes the transformation of physical spaces. With a consumer-facing interface, available in both iOS and Android, it allows people to connect all their physical products and digital services together in one place with no hardware required, and to create workflows in a drag-and-drop environment using if-then logic.
In September 2017, Comcast acquired Stringify, to integrate its technology into Xfinity’s products and services, significantly expanding the capabilities of Xfinity home automation.
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The two companies leverage a wealth of experience in digital media and will look to serve advertisers across numerous sectors.
Kharabeesh is a dynamic digital media agency and a creative production studio. We forge partnerships and collaborations with young creators and storytellers, aiming to enrich the digital landscape with content that resonates with a youthful online audience. Our mission is to create a meaningful bridge between these emerging talents and key industry stakeholders in our region, fostering connections that yield impactful and relevant content.
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How Valerie Konde balanced business know-how and art expertise to launch Collectionair.
Collectionair -a curated platform and marketplace for fine art from emerging markets including the MENA region- has just received funding support from both twofour54 and DASH Ventures.
Former director of Pompidou among names behind online platform, which sells works for under $10,000<br> <br>
Collectionair is an online platform and curated marketplace for fine art from emerging markets, including the Middle East and Africa. Collectionair acts as an online gateway providing art lovers with a global platform and a sharing community where they can also buy, rent, and swap works online. Founded in 2015 as Pavillion33, cofounder & CEO Valerie Konde, looked to scalability, autonomy and creative flexibility when she rebranded to Collectionair in 2016.
The growing success of the emerging Middle Eastern art scene has provided a strong base for Collectionair to represent upcoming and already-established artists from the same and other equally promising scenes. Collectionair acts as an online gateway into this world of emerging art, providing art lovers with a globally accessible marketplace and a sharing community where they can also buy, rent and swap works from the comfort of their homes. Within Collectionair is a community where users can learn about artists’ journies and cultural insights, plus read professional opinions on the pieces available on the platform.
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Ubanquity Systems is a Lebanese headquartered FinTech company specializing in omnichannel products and solutions to banks and financial institutions, catering to the next-generation of customers. The Ubanquity open banking platform is a real-time intelligent layer that unifies data and functionality from existing core systems into a seamless digital customer experience, enabling financial institutions the speed and flexibility to deliver far superior customer experiences with an increased set of digital capabilities all from one unified platform. Ubanquity's solutions integrate with any Core Banking System, ATM switch, Payment Gateway, and all Social Networks right out of the box.
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e2e is a clean technology solutions provider based in Jordan, with subsidiaries operating in Erbil and Dubai. e2e is a strategic investor in SatchNet Electronic Systems, an energy management and building automation company that promotes intelligent and green buildings by providing productive and cost effective energy efficiency and building automation solutions with a focus on optimizing energy usage, operations and maintenance.
Founded and managed by a former minister of energy and environment, e2e played a major role in advocating renewable energy (RE) policies in Jordan, supporting the creation of the enabling environment for RE projects for the public and private sectors. e2e is involved in various large-scale solar photovoltaic development projects working together with world-renowned partners.
Aiming to cover a larger spectrum within the clean-tech industry, e2e strives to invest in more products services and solutions with an objective of transferring the latest available technologies applicable to the Middle East region.
In 2015, e2e was acquihired by Alcazar Energy Partners with its team rolling up into the AEP and becoming its defacto Jordan office.
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UAE-based online book retailer and publisher Jamalon has closed the first leg of its Series B funding round raising more than $10 million from existing and new shareholders.
Jamalon was an online book retailer that shipped both English and Arabic books to readers across the Middle East.
At its peak, the company was in partnership with over 3,000 Arabic and 27,000 English publishers.
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ArabiaWeather attributed this growth to several factors, including the increased environmental awareness among people about the effects of climate change on the world.
Arabia Weather is a private weather company providing weather services to businesses and consumers in the Arab World. The company is headquartered in Amman, Jordanwith offices in Dubai and KSA.
In an era where climate change is causing adverse weather around the globe, ArabiaWeather is shifting focus to act as a climate-security firm. The company will leverage technology to offer solutions for climate resilience and adaptation.
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"Many business owners are still in the mindset that 70% of the world’s population speaks English, but that number is only about 27%.”
Dakwak is an AI-powered content transformation and localization platform, utilizing various language models, including advanced large language models, to transform and personalize website content in real-time. Our approach resonates with diverse, global audiences and redefines content creation and delivery.
With innovative features such as content regeneration, hyper-localized content, on-the-fly transformations, and a privacy-focused approach, Dakwak allows businesses to connect with multilingual communities by tailoring their websites to different language groups, boosting engagement, conversions, and growth. Our platform not only enhances user experience with swift content delivery and seamless localization, but also ensures high scalability and data security, offering an effortless route to global reach.
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Curl Stone is an animation and visual effects studio that is specialized in creating original, creattive, and high-quality digital entertainment products in 2D and 3D styles for all plaWorms (TV, Web, and Mobile Devices).
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Zaytouneh is a a digital food platform and video production company that specializes in producing and distributing short tutorial cooking videos for digital media. In 2014, the company merged wth Lebanese Cook & Eat, creating Atbaki - MENA's largest digital recipe platform in Arabic used by millions across the Arab World.
In 2015, DASH Ventures exited the business via a secndary sale to new investors as part of the consolidation.
In a rapidly evolving market, our capital base enables the flexibility to focus on sustainable growth, supporting companies without the limitations or restrictions of a typical fund structure.
Our team of accomplished industry leaders combines a diverse array of backgrounds and specialties, boasting significant operating and investment track records.
All our relationships are firmly grounded in trust, authenticity, humility, and openness.
We employ a collaborative and highly interactive approach, working closely with portfolio companies to minimize risk, develop strategies, and seize opportunities. We are a natural extension of your team.
We challenge the conventional 5-7 year investment horizon of venture capital, recognizing that building generational companies requires a long-term view.
We don’t pay attention to hype; we are inspired by unconventional thinking and guided by fundamentals.
A Coalition of Visionaries
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Ali Al-Husry serves as a director of Hikma Pharmaceuticals PLC, the holding company for the Hikma Group, established in Jordan in 1978. Hikma Group has been listed on the London Stock Exchange since 2005.
Mr. Al-Husry is a founder and Board Member of Capital Bank of Jordan, where he served as Chairman and CEO of the Bank from its establishment in 1995 until 2007. Mr. Al-Husry also served as the Chairman of Alcazar Energy DIFC, an independent developer and power producer that has developed a portfolio of seven wind and solar projects across Jordan and Egypt with a total generation capacity of 411 MW.
Mr. Al-Husry is also an active philanthropist and Angel investor, spearheading the establishment of DASH Ventures, a multi-sector, multi-stage investment vehicle providing capital to high-growth startups and SMEs across the Middle East, serving as Executive Director. In 2008, he was the driving force behind the launch of Endeavor in Jordan, part of a global non-profit that is leading the movement to catalyze long-term economic growth by supporting high-impact entrepreneurs around the world.
Ali Al-Husry has a Mechanical Engineering degree from the University of Southern California, USA, and an MBA from INSEAD.
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Said Darwazah is the Executive Chairman of Hikma Pharmaceuticals PLC, a leading multinational pharmaceutical group listed on the London Stock Exchange (LSE) and part of the FTSE100 index. Hikma employs over 8000 employees globally.
He is the Chairman of the Board of the “Queen Rania Foundation” which focuses primarily on equipping youth with necessary tools for success such as ICT in education and online learning opportunities.
Said also founded the “Health Care Accreditation Council”, a not for profit organisation that accredits healthcare providers and works across the MENA region to improve standards in healthcare.
Said has a degree in Industrial Engineering from Purdue University in the US and an MBA from INSEAD. In 2016, Said was elected as the Chairman of Royal Jordanian Airlines.
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"A mind that is stretched by a new experience can never go back to its old dimensions." -Oliver Wendell Holmes, Jr.
Omar oversees a diversified portfolio across various technology verticals and steers DASH’s investments through multiple stages of growth and across geographies. Omar serves as a board director in several category-leading scale-ups as well as leading early investments into globally successful businesses.
Leveraging over 22 years of international investment experience, Omar serves as a mentor and advisor to a wide array of startups spanning various verticals, sectors, and industries. Notably, he holds the role of advisor to the investment team and board of Hikma Ventures, the corporate venture arm of Hikma Pharmaceuticals, a multinational generic pharma company listed on the London Stock Exchange and a constituent of the FTSE 100 Index.
Omar has played an integral role in supporting MENA region startup ecosystems since its nascency and remains a driving force behind the development of the region’s most cutting-edge tech companies. He continues to play an active role in the development and evolution of MENA’s startup ecosystems through his role as a board member of the Middle East Venture Capital Association (MEVCA).
Through his extensive experience, Omar has had the privilege to collaborate with numerous stakeholders, ranging from top-tier fund managers to world-class executives and serial entrepreneurs. This exposure has honed his ability to recognize talent, dedication, and integrity, among other key characteristics and values that drive success.
Omar's educational background includes an MBA with distinction from Bayes Business School – City University and a Bachelor's degree in Finance and Management from Tulane University in the US.
Outside the world of venture capital, Omar is passionate about tennis, running, basketball, traveling, music, cooking, and reading, further enriching his multifaceted perspective.
Managing Partner
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“Learn as if you will live forever, live like you will die tomorrow.” —Mahatma Gandhi
Aboudi began his career at DASH Ventures in 2017 after graduating from Babson College, where he co-founded an initiative to facilitate entrepreneurial education to refugees in Syria and Jordan. After pursuing a life long passion and embarking on a brief professional basketball career, he returned to DASH in 2020, fueled by a passion for supporting founders addressing global challenges.
Beyond his work at DASH, Aboudi invests in early-stage startups via his family office and co-hosts a podcast exploring the balance between sports and life for high-level athletes. His unique blend of entrepreneurship, sports discipline, and investment insight makes him a pivotal figure in driving innovation and impactful change globally.
Principal
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Haya is an investor in emerging technologies. She has led investments in more than 25 companies, the majority of which are in the web3 and blockchain space. In addition to blockchain, Haya has a keen interest and experience in digital health.
Through working in pharma and venture acceleration, Haya has amassed experience in finance, operations and strategy. She enjoys working closely with early-stage founders and supporting their growth.
Haya has a B.S. from Georgetown University and an MBA from INSEAD.
Venture Partner: Web3
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Issa Azar is the Group CEO of E2E Integrated Solutions that primarily focuses on Energy Efficiency, HVAC Solutions and Building Management Systems based out of Dubai with offices in KSA, Jordan and Iraq. Mr. Azar brings international experience and an insider's understanding of the challenges facing customers in light of today's desire to have more sustainable energy efficient facilities.
After graduating from one of the most prestigious universities in Canada, he has gained experience managing various aspects of leading manufacturers in different sectors for companies in Canada, Jordan and across the Middle East . In these hands-on positions he has quickly built a history in sustainability focusing on energy efficiency programs. Issa holds a Masters in Manufacturing Management and a Bachelor in Mechanical Engineering from McGill University.
Venture Partner: Energy Efficiency & ClimateTech
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Vicky Sakhel serves as office manager for DASH Ventures and has held this role since 2016. Vicky has extensive experience in administration and office management across a number of roles in the Middle East and the U.S.A.
EA & Office Manager
Reach out to discuss investment opportunities, partnerships, or any queries you may have.
Get In TouchAt DASH Ventures, we're always on the lookout for groundbreaking ideas and visionary founders. If you're building a company that aspires to redefine industries and transcend generations, we want to hear from you. Get in touch to explore how we can partner on your journey to success.
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