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Dubai Angel Investors


 Dubai angel investor acquired $1 million stake in Indian firm HealthifyMe

dubai angel investor indiaDubai-based angel investor Neelesh Bhatnagar has invested $1 million in mobile health and fitness start-up HealthifyMe.

Founded in 2012, HealthifyMe is a fitness mobile application that uses technology and human services to target weight-loss. It had earlier raised $6 million from IDG, Inventus and Blume Ventures. (Neelesh Bhatnagar is a Dubai-based angel investor, managing director of NB Ventures, owner of the UAE Royals International Premier Tennis League, a former board member of Landmark Group and former CEO of Emax Electronics).

To see a list of angel investors from Dubai similar to Neelesh Bhatnagar, check the Middle East Investors Directory.

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 Dubai angel investors Bolurfrushan and Kenny launched a new VC firm

arya-paulDubai angel investors Arya Bolurfrushan and Paul Kenny just announced the launch of a new venture capital firm, Emerge Ventures, with three investments already made from their pipeline.

Paul Kenny is the ex-CEO of daily deal site Cobone which was sold for a reported $40 million to Tiger Management. Arya Bolurfrushan of Bolurfrushan family, a prominent industrial and mercantile family of Iranian origin, is a young Harvard-educated angel investor with a track record of 24 investments. (Emerge Ventures has already made its first three investments: The Impact Hub, an incubator, Lumba, a silicon valley based mobile gaming company, and Elevision, a digital media network.)

Emerge Ventures is listed in the Middle East Investors Directory with the code SINDE1.

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 BECO Capital and Dubai angel investors invested $1 million in TravelerVIP.com

beco travelervipBECO Capital, an investment firm based in Dubai, and a consortium of angel investors announced investing $1 million in the hotel booking website TravelerVIP.com.

The website offers its members up to 50% discount on luxury hotels and has deals with 1,000 hotels. The angel investors in this round included Soha Nashaat, former CEO of Barclays Wealth MENA & Turkey, and Jakob Beck Thomsen, CEO of SaxoBank MENA & Turkey.

BECO Capital is listed in the Middle East Investors Directory with the code SINOC9.

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  Another startup incubator for the Middle East - now in Bahrain

tenmou.jpgThe only thing as hot as launching a group buying website in the Middle East: launching a startup incubator / seed fund.

Tenmou, which calls itself a "business angels' company" and had a soft launch a couple of months ago, just announced its official launch with an initial start up capital of $2.7 million.

Tenmou joins a relatively long (and young) list of incubators and seed funds from the region like Oasis500, Seeqnce and SeedStartup. We sincerely hope they end up in a better place than similar firms like Intilaq, a business incubator launched by Bayt.com, which died very early; very quietly.

More details about Tenmou follows:

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 Accelerator Technology Holdings' IV Holdings and angel investors invested in an online payment platform

ivh_gate2play.pngInteractive Ventures Holdings (IV Holdings), in partnership with other Jordanian and Egyptian angel investors, concluded an investment in Gate2Play, a Jordan and Egypt based venture that is deploying an online payment and support platform.

IV Holdings, a wholly owned subsidiary of Accelerator Technology Holdings, provides capital to entrepreneurs both within and outside the Arab world.

To see more investment firms like IV Holdings check our investors directory

Their full press release follows

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 Dubai Angel Investor Fadi Ghandour interview on TechCrunch

fadi ghandourTechCrunch, a major Tech website, has an interview with Fadi Ghandour, one of the most notable angel investors from Dubai and the Middle East.

Fadi was one of the first investors in Maktoob— an internet portal that was sold to Yahoo last year for $164 million. Recently, he’s made 14 other investments, including bets on Asuaq, Jeeran and Twitvid.

Read more details here




 Yahoo Acquired Middle East Internet Company Maktoob.com for $164 million

yahoo maktoobYahoo! just announced that it has acquired Maktoob.com, the major online community in the Arab world for an undisclosed amount. The tech publications paidContent and TechCrunch are reporting the deal in the $75 million to $85 million range. - Update: It is $164 million

(Maktoob.com was founded in 2000 as the world's first free Arabic/English Web-based email service and grow to a major portal with 16.5 million unique users.)

From a private equity and venture capital perspective, in 2000 Maktoob received $2.5 million investment from EFG-Hermes, a regional investment bank. In 2005, Dubai-based Abraaj Capital purchased a 40 per cent stake in the company in a deal estimated to have valued Maktoob at about $10 million. At the end of 2007, Abraaj sold its stake to another Maktoob investor, Tiger Global Management, a US-based hedge fund.

You can check their microsite on maktoob.yahoo.com for more details about the deal.






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We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.


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