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Dubai Venture Capital Firms


 Dubai venture capital firm Wamda launched $75 million fund and invested in 3 firms

wamda-capital.jpgAlmost four months after raising $55.7 million from 26 limited partners, today Dubai-based Wamda Capital announced launch of its $75 million venture capital fund and investment in 3 firms.

Founded by Fadi Ghandour, angel investor and founder of Aramex, the venture capital fund will focus on growth stage financing across the world. (The other fund headed by Mr. Ghandour, Mena Venture Investments, had its focus on seed investments). Among the 26 limited partners, you can see institutions like International Finance Corporation, the Abraaj Group, Crescent Enterprises and Zain Group. Wamda Capital announced its first three investments in the following firms: News Group International, Jamalon and New York based Little Bits Electronics.

Mena Venture Investments is listed in the Middle East Investors Directory with the code SINX1.

Read more details on Wamda here.




 Dubai Venture Capital firm Arzan VC announced its third investment of this year

arzan-db.jpgArzan Venture Capital, a venture capital firm based in Dubai and Kuwait, announced its third investment of this year in Russian real estate portal Idinaidi.ru

The fund has also announced another investment alongside a group of angel investors in MENA Commerce, a Dubai based startup in the retail industry.

Arzan Venture Capital is listed in the Middle East Investors Directory with the code FE156.

More details follows from Wamda

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 Dubai and Saudi venture capital firms invested $1.3 million in GlamBox

stc-mbc-ventures2.jpgSTC Ventures and MBC Ventures, two venture capital firms based in Saudi and UAE, invested $1.3 million in Beauty e-commerce website GlamBox.

GlamBox offers customers a box of trial-size beauty products every month and is launched in 2012. STC Ventures, backed by Saudi Telecom, is managed by European firm Iris Capital and has invested in Careem, ikoo, Gengo and Acadox so far. MBC Ventures is backed by MBC media group and is an investor in Aranim Games, SuperMama and Falafel Games. GlamBox is using the new investment to expand its operations into Saudi Arabia and other markets.

STC Ventures and MBC Ventures are listed in the Middle East Investors Directory with the code SIN1303 and SIN1309 respectively.




 iMENA Holdings invested $8 million in an online food ordering platform

imena-investors-hellofood.jpgiMENA Holdings, an investment firm based in Dubai and Jordan, has announced investing $8 million in the online food ordering platform Hellofood.

You may know Hellofood as FoodPanda as they already operate in 28 countries and raised investments of more than $20 million. iMENA Holdings has partnered with Rocket Internet, a global Internet incubator to bring Hellofood to the Middle East. iMena, co-founded by Khaldoon Tabaza and Adey Salamin and backed by LPs like Etisalat, has recently invested in other online consumer ventures like Desado and OpenSooq.

To see listing and contact emails of investors similar to iMena Holdings, check our Middle East Investors Directory.

More details follows

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 UAE early stage investor Saffar Holding to exit its investment in Zawya

saffar-zawya.jpgSaffar Holding, an early-stage private equity investor in the Middle East, will exit its investment in regional financial portal Zawya in the next few weeks.

Back in October 2011 Saffar hired a London-based advisory firm, Arma Partners, to find acquirers and now The National is reporting that a multimillion-dollar sale of Zawya is expected to be finalized next month. Thomson Reuters, Emap and Pearson have expressed interest in acquiring the website.

(As DubaiBeat reported earlier, founders of Zawya Ihsan Jawad, Zaid Jawad and Husain Makiya managed Zawya for ten years and then left last year to launch HBT ventures).

Saffar Capital is listed in the Middle East Investors Directory with the code PI15



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