Dubai investors of GII acquired stake in Canadian firm Nymi for $15 million
Dubai private equity firm Gulf Islamic Investments (GII) and a consortium have acquired stake in Canadian firm Nymi for $15 million.
Based in Toronto Canada and founded in 2011, Nymi launched its wearable authenticator in 2014 which uses a wearer's cardiac rhythm as biometric identifier. GII is a UAE-based financial services company regulated by the Emirates Securities and Commodities Authority. (GII and its team have a track record of managing $2.5 billion in assets and securing $5.5 billion in debt and in excess of $1.0 billion in equity and M&A financing).
Gulf Islamic Investments (GII) is listed in the Middle East Investors Directory with the code SAS21.
More details follows
May 28, 2017 |
Filed under Dubai Venture Capital Firms
Previous Post: Dubai firm acquired 51% of fashion website Namshi for $151 million
Next Post: Bahrain investors acquired Nordic firm ABAX for $210 million
Investors Directory 2024