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 Three Middle East investors among 18 investors helping Musk Twitter buyout

3middleeast.jpgThree Middle East investors are among 18 investors that are helping Elon Musk securing a total of $7.14 billion to fund his $44 billion takeover of Twitter - according to a SEC filing just released.

Dubai Vy Capital is investing $700 million, Qatar Holding is investing $375 million. Saudi investor Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud (Kingdom Holding Company) is committing 34,948,975 of his Twitter Inc shares in the new company (valued at $54.20 per share).

Kingdom Holding Company is listed in the Middle East Investors Directory with the code BFD84. Vy Capital with code JL48, Qatar Holding with code LIP09


 Dubai Vy Capital and consortium invested $675 million in Elon Musk transport firm

vy-capital-boringDubai-based Vy Capital and a consortium of global investors have invested $675 million in The Boring Company, the transportation company founded by Elon Musk.

The Boring Company was founded to solve the problem of traffic by creating an underground network of tunnels. This round of $675 million, is led by Vy Capital and Sequoia Capital, with participation from Valor Equity Partners, Founders Fund, 8VC, Craft Ventures, and DFJ Growth. The financing now values The Boring Company at $5.675 billion.

Vy Capital is a Dubai investment firm based in DIFC and invests mainly in the internet and software sector. (more details about this deal is here)

Vy Capital is listed in the Middle East Investors Directory with the code JL48.

April 21, 2022 |  Filed under Vy Capital

 Dubai Exotix Advisory and consortium invested $11 million in Finland firm

Dubai investment firm Exotix Advisory and a consortium has acquired stake in ZirooPay, a Finland-based payments company series-A for $11 million.

Launched in 2014, ZirooPay is a maker of a mobile card reader that allows small businesses to accept card payments anywhere they operate. (Exotix Advisory is a Dubai-based corporate finance and M&A advisory boutique focused on emerging and developing markets. Fabrizio Ferrero and Chiamaka Ezenwa are their managing directors. More details on the deal here)

Exotix Advisory is listed in the Middle East Investors Directory with the code JP14.


 Qatar investors of QIA and consortium acquired stake in UK checkout.com for $1 billion

Qatar Investment Authority and a consortium has acquired stake in Checkout.com, a UK-based global payments processor, for 1 billion USD.

Launched in 2012, checkout.com provides payments solutions in more than 150 currencies with a team of 1,700 people across 19 offices. (QIA was established in 2005. Headquartered in Doha, it was founded as a means to strengthen the country's economy. the fund predominantly invests in international markets United States, Europe and Asia-Pacific and within Qatar outside the energy sector.)

Qatar Investment Authority is listed in the Middle East Investors Directory with the code BD44.

What we like about the deal:
This is Checkout.com series D of fundraising and they are talking about Web3 in their press release; a lot! We are witnessing a huge interest from Middle East investors in crypto and Web3.

Job of the day:
Morgan Stanley is offering an investment banking internship in Dubai. See more


 UAE investors of Cianna Capital acquired stake in US firm Graphite for $15 million

Cianna Capital, an investment firm based in UAE, and a consortium has acquired stake in Graphite, a technological platform based in the US, for $15 million.

Founded in 2019 and headquartered in San Francisco and New York, Graphite is a technology platform that assists companies on their business performance with on-demand experts, consultants, and executives with over 7,500 experts & boutique firms on-demand. (Founded in 2017 and headquartered in Abu Dhabi, Cianna Capital is a private investment firm that focuses on early-stage companies.) More details here.

Cianna Capital is listed in the Middle East Investors Directory with the code JP71.


 Dubai Tahseen and consortium invested $2 million in Latin American firm OlaClick

Dubai advisory and capital firm Tahseen Consulting and a consortium has acquired stake in OlaClick, a Peru-based for $2 million.

OlaClick is established in 2020 and is a web-based digital menu solution that helps businesses receive online orders through WhatsApp. (Established in 2012 Tahseen Consulting is a specialized advisor on strategic and organizational issues at the intersection of technology, government, and public policy. Walid Aradi and Wes Schwalje are the co-founders)

Tahseen Consulting is listed in the Middle East Investors Directory with the code JM13.


 Dubai VC firm Millennial Capital invested in US firm Blue Studios

Dubai venture capital firm Global Millennial Capital has acquired stake in Blue Studios, a US-based ed-tech venture. The amount is not disclosed but Millennial Capital had raised $3 million for its fund before.

Blue Studios Inc established in 2019 is a subscription-based digital education platform with a business model that falls at the intersection of e-commerce and ed-tech, providing on demand classes online.

(Established in 2016, and backed by Al Attiyah family office, Global Millennial Capital invests in scalable, tech enabled and consumer-centric early-stage opportunities all over the world. It is headed by Andreea Danila Dash.)

Global Millennial Capital is listed in the Middle East Investors Directory with the code JB43.


 Dubai family office Kattan and a consortium invested $3 million in UK firm Uptime

hb uptime HB Investments, Dubai Based private investment office of Kattan family, and a consortium has acquired stake in Uptime , a London-based app featuring 5-minute knowledge hacks, for $3 million.

Uptime is an app that distills knowledge from leading books, courses and documentaries in 5-minute tappable stories. Among other investors in uptime you can find Chad Hurley, co-founder of YouTube and Chris Messina, hashtag inventor and open source advocate. HB Investments has made investments in startups like Clubhouse and Fresha with Huda Kattan as its Chairwoman.

HB Investments is listed in the Middle East Investors Directory with the code CM8


 Dubai venture capital firm Sahra and a consortium invested $11 million in UK firm Qredo

Dubai venture capital fund Sahra Growth Capital and a consortium has acquired stake in Qredo, a London-based decentralized digital asset management firm, for $11 million.

Established in 2011 and headquartered in London with development offices in Sofia, Bulgaria, Qredo is a cross-chain protocol for asset managers and traders active in the digital asset markets. (Sahra Growth Capital is a Dubai-based venture fund investing in frontier technology companies with a specialization in SaaS technologies. Jamal Al-Barrack is their Managing Partner.)

Sahra Growth Capital is listed in the Middle East Investors Directory with the code CJ8.


 Saudi venture capital firm Prosperity7 invested $25 million in US firm Wasabi

Prosperity7 Ventures, the growth fund of Saudi Aramco Ventures, has led a $25 million investment in Wasabi, a Boston-based cloud storage company.

With nearly $275 million in funding to date, Wasabi has reported 3x year-over-year growth, reaching 23,000 customers worldwide and over 5,000 Channel Partners and 350 Technology Alliance Partners. (Prosperity7 is the diversified growth fund of Aramco Ventures, a subsidiary of Aramco, the Saudi energy and chemicals company, with $1 billion venture capital fund and a global investment strategy in all sectors)

Prosperity7 Ventures is listed in the Middle East Investors Directory with the code BJ96.


 Bahrain investment firm Investcorp acquired London Investis Digital

Bahrain-based global investment firm Investcorp has acquired stake in Investis Digital, the London-based digital corporate communications and marketing firm

Established in 2000, Investis Digital is based in London and with over 500 digital experts across nine global offices in the US, UK, EU and India is serving 1600 clients. (Founded in 1982, Investcorp is based in Bahrain and is a global manager of alternative investment products, for private and institutional clients.)

The amount of the deal is not disclosed, but ECI Partners which had acquired Investis back in 2014 for a reported £35 million has announced making return of 2.6x on its investment. There are also reports that Investis Digital has adjusted EBITDA of £11 million for full-year 2019.

Investcorp is listed in the Middle East Investors Directory with the code OR30.


 Dubai VC firm Millennial Capital invested in San Francisco Unifimoney

Dubai venture capital firm Global Millennial Capital has acquired stake in Unifimoney, a mobile-based investment and money management platform. The amount is not disclosed but Millennial Capital had raised $3 million for its fund before.

Established in 2019 and based in San Francisco, Unifimoney provides a digital mobile account with a checking account, credit card and investing package.

(Established in 2016, and backed by Al Attiyah family office, Global Millennial Capital invests in scalable, tech enabled and consumer-centric early-stage opportunities all over the world. It is headed by Andreea Danila Dash.)

Global Millennial Capital is listed in the Middle East Investors Directory with the code JB43.


 Dubai venture capital firm MindShift invested in US firm OtoNexus Seriec C

Dubai venture capital firm Mindshift Capital has participated in Series C fundraising of OtoNexus Medical Technologies, a US-based medical device maker. The amount is not disclosed but the firm total fundraising is now $13 million.

OtoNexus Medical is headquartered near Seattle and is a technology innovator developing an ultrasound based medical device to allow clinicians to instantly assess middle ear infections. (Mindshift Capital is based in Dubai and is focused on post-seed early-stage companies in the U.S., Europe and Middle East. It is led by Heather Henyon a venture investor with different direct and fund investments in the US, Europe and Middle East.)

Mindshift Capital is listed in the Middle East Investors Directory with the code BR15.


 Saudi venture capital firm SAEV invested $50 million in US firms Seeq

Saudi Aramco Energy Ventures, the corporate venture capital arm of Saudi Aramco and a consortium, has acquired stake in Seeq, US-based provider of software and services for industrial data, for $50 million.

Established in 2012 and based in Seattle, Seeq provides software and services that convert industrial data into information and has raised $115 million so far. (SAEV invest globally into start-up and high growth companies and has so far invested publicly in 45 companies. Based out of Dhahran, SAEV also operates through regional offices in North America and Europe)

Saudi Aramco Energy Ventures is listed in the Middle East Investors Directory with the code SINOC23 .


 Saudi venture capital firm RVC participated in $21 million investment in UK firm

rvc ukSaudi Venture Capital firm Riyadh Valley Company (RVC) and a consortium invested $21 million in UK biotechnology company Prokarium

Prokarium is headquartered in London and is a clinical-stage biopharmaceutical company focused on developing microbial cancer immunotherapies. Riyadh Valley Company (RVC) is the investment arm of King Saud University in Riyadh, Saudi Arabia. It has invested in several firms including GLM Company, Calltech Co, SOLEXEL, Advanced Dental Technologies, Aser Technologies and Knowledge Developers. Khalid Al-Saleh is the director appointed by RVC at Prokarium.

Riyadh Valley Company (RVC) is listed in the Middle East Investors Directory with the code SIJ54.


 Abu Dhabi venture capital Chimera invested in Dutch startup Zoi Meet

ChimeraAbu Dhabi investment firm Chimera Investments announced investment in Zoi Meet, a Dutch startup based in Rotterdam, The Netherlands.

Chimera Investments is part of Abu Dhabi's Royal Group, a conglomerate comprising over 60 entities and employing 20,000 employees. Syed Basar Shueb is Chairman, and Ahmed Mohamed Al Dehaim and Majed Fuad Mohammed Odeh are servings as their director. (Zoi Meet startup Founded in 2019 and specializes in speech recognition and AI technology. The amount is not disclosed but their pre-seed fundraising has been for $180,000.)

Chimera Investments is listed in the Middle East Investors Directory with the code SY24.


 Dubai angel investor Paul Roy firm invested $2.5 million in Los Angeles Rogue Games

Paul Roy Riva RogueDubai tech investment firm Riva Technology and Entertainment announced investment of $2.5 million in Rogue Games, a gaming company based in Los Angeles.

Riva Group, Chaired by Paul Roy, is an entertainment development firm which owns and operates a group of enterprises for providing entertainment related services like 3d printing, animation, theme parks development, visual effects and property franchising. (Rogue Games, headquartered in Los Angeles with offices in San Mateo and Seattle, has a portfolio of games, which spans mobile, console and PC, features titles including Oz: Broken Kingdom among others)

Dubai Riva Technology and Entertainment is listed in the Middle East Investors Directory with the code MK77.


 Abu Dhabi venture capital IHC invested $51 million in UK firm Oxford Nanopore

IHC OxfordUAE investors of International Holding Company announced investment of $51 million in Oxford Nanopore Technologies, a UK-based firm that specializes in DNA sequencing technology.

Abu Dhabi's IHC, listed on Abu Dhabi Securities Exchange, has operations in the UAE, Middle East, Europe, and North America through its 12 subsidiaries. The company invests in a number of sectors such as real estate, manufacturing and financial services. (Oxford Nanopore has developed and commercializes a new generation of DNA/RNA sequencing technology. The palm-sized portable MinION device, and desktop GridION and PromethION devices. Most recently, Oxford Nanopore has developed the LamPORE COVID-19 test).

IHC is listed in the Middle East Investors Directory with the code MJ97.


 Dubai investors of Amanat invested $5 million in US ed-tech firm

amanat Dubai US edtechAmanat, Dubai-based healthcare and education investment company, invests $5 million in Conscious Content Media (BEGiN), a US-based education technology company.

Amanat was established in 2014 at Dubai. Listed on the Dubai Financial Market since 2014, Amanat has a mandate to establish, acquire and incorporate companies working in the healthcare and education sectors within the GCC and beyond. (BEGiN is a US based company founded in 2018. Conscious Content Media is a family of filmmakers and artists and an education technology company that creates learning products to bring children the highest quality education).

Amanat is listed in the Middle East Investors Directory with the code JA12.


 Dubai investment firm Wamda acquired stake for $5 million in agro-fintech Turkish startup

27-1.jpgDubai venture capital firm Wamda Capital and a consortium are investing $5 million in Tarfin, an agriculture fintech startup based in Turkey.

Tarfin, an online supplier of farm input founded in February 2017 with total funding amount of $6.3 million. Tarfin as a fintech startup supplies farmers with equipment, fertilisers and seeds using its cloud based technology and algorithms. The company is funded by 6 investors and Wamda Capital and Elevator Ventures are the most recent ones.

Wamda Capital founded in 2014 and till now has made 67 investments. Wamda Capital invests in technology companies and startups across the world and currently manages a $75 million growth capital fund.

Wamda Capital is listed in the Middle East Investors Directory with the code OS32.


 Abu Dhabi investment firm Waha Capital invests $50 million in Argentina online business

waha capital ArgentinaWaha Capital, an Abu Dhabi-listed investment company, invests $50 million in Despegar, an online travel agency in Latin America.

Despegar is an online travel company in Latin America with over two decades of business experience and operating in 20 countries in the region. Waha Capital manages assets in five strategic sectors including offshore oil and gas services, aircraft leasing, financial services, healthcare and Infrastructure from 1997. In December 2019, the company had total assets of $2.5 billion under management.

Waha Capital is listed in the Middle East Investors Directory with the code OR56.


 Dubai Vy Capital and consortium acquired stake in US financial firm for $40 million

Dubai investor USADubai investors of Vy Capital and a consortium of global investors have acquired stake in Upgrade Inc, a San Francisco firm for $40 million.

Based in San Francisco, Upgrade has delivered over $3 billion in consumer credit through cards and loans since launch in 2017. Other investors in this round include Union Square Ventures, Ribbit, Silicon Valley Bank and Ventura Capital. Vy Capital is a Dubai investment firm based in DIFC and invests mainly in the internet and software sector. (more details about this deal is here)

To see a list and email addresses of investment firms similar to Vy Capital check the Middle East Investors Directory.


 Dubai TS Investment and consortium acquired stake in Korean firm for $14 million

Dubai investor KoreaDubai investors of TS Investment and a consortium of investors have acquired stake in Amyloid Solution, a South Korean firm for $ million.

Based in South Korea, Amyloid Solution is a developer of therapy intended to overcome Alzheimer by developing modifying treatments. Other investors in this round include Korea Development Bank, Yuhan Corporation and Kclavis. TS Investment is a Dubai investment firm based in Jumeirah Lake Towers, with investments in construction, trading, real estate & F&B. (more details at this translated news from Korea)

To see a list and email addresses of investment firms similar to TS Investment check the Middle East Investors Directory.


 Dubai VentureSouq and consortium acquired stake in US gaming company for $2 million

VentureSouq US GamingDubai investors of VentureSouq and a consortium of global investors have acquired stake in Rune, a US-based gaming company for $2 million.

Based in California, Rune is a voice chat and automated friend finder for players on mobile games. Established in 2013, VentureSouq is a Dubai-based investment platform for global early-stage tech businesses. Other investors in this round include Makers Fund, byFounders, E14 Fund and Paul Buchheit.

VentureSouq is listed in the Middle East Investors Directory with the code SMA74.


 Saudi Arabian firm acquired Ukrainian farming company Mriya

salic-uaSalic, Saudi Arabian agriculture investment firm, has announced acquiring a Ukrainian farming company Mriya Agro Holding.

Established in 1992, Mriya Agro Holding is one of the largest agro-industrial companies in Ukraine and cultivates approximately 165,000 hectares of land in different regions. Founded in 2009, SALIC, Saudi Agricultural and Livestock Investment Co, invests in agricultural and livestock production in countries all over the world. DubaiBeat reported back in 2015 their investment at Canadian Wheat Board for $203 million.

To see a list of investment firms from Saudi Arabia, check our Middle East Investors Directory


 Qatar investors acquired stake in US cancer treatment firm for $40 million

qia-oncoQatar investors of Qatar Investment Authority (QIA), and some other venture capital firms invested $40 million in OncoResponse, a healthcare company developing antibodies for the treatment of cancer.

Established in 2015 and based in Houston Texas, OncoResponse is leveraging the human immune system to identify fully human monoclonal antibodies that will lead to the development of therapeutics for treatment of cancer. (QIA was established in 2005. Headquartered in Doha, it was founded as a means to strengthen the country's economy. the fund predominantly invests in international markets United States, Europe and Asia-Pacific and within Qatar outside the energy sector.) More details here.

Qatar Investment Authority is listed in the Middle East Investors Directory with the code BD44.


 Saudi investors of PIF to invest $1 billion in US car maker Lucid

pif-lucidThe Public Investment Fund (PIF) an investment fund owned by Saudi Arabia, has announced commitment to invest $1 billion in Lucid, an electric car maker.

Founded in 2007, Lucid Motors is an American automotive company specializing in electric cars. It is based in Newark, California with 1300 employees. (Founded in 1971, PIF is a sovereign wealth fund owned by Saudi Arabia, founded for the purpose of investing funds on behalf of the Government of Saudi Arabia. The PIF has a portfolio made up of approximately 200 investments in the fields of telecoms, aerospace, energy, green technologies, and security. DubaiBeat previously reported their $3.5 billion investment in Uber here).

To see a list and email addresses of investment firms similar to PIF check the Middle East Investors Directory.


 Bahrain Investcorp acquired German business campus for nearly $100 million

investcorp-europe.jpgBahrain-based Investcorp has announced the purchase of KO Campus, a modern office campus in Eschborn Germany, for about $100 million.

The newly renovated KO Campus is an office campus situated in the commercial area of Eschborn Germany, part of the Frankfurt Rhein-Main urban area. KO Campus is comprised of three office buildings totaling approximately 40,000 square meters. (Investcorp is a global manager of alternative investment products, for private and institutional clients. It has offices in New York City, Bahrain, London, Riyadh, Abu Dhabi, Doha and Singapore.

Investcorp is listed in the Middle East Investors Directory with the code OR30.


 Dubai firm DP World acquires $50 million stake in Virgin Hyperloop

dubai-virginhyperloop.pngDubai firm DP World and a consortium acquired $50 million stake in the California-based transportation company Virgin Hyperloop One.

Virgin Hyperloop One is a global strategic partnership between Hyperloop One and the Virgin Group. Its aim is to create a new passenger division while developing and maintaining passenger and mixed-use cargo service. (Dubai-based company DP World develops and manages international marine and inland terminal operations, industrial parks and economic zones with a portfolio of 78 operating marine and inland terminals.). More details here.

To see a list of investors similar to DP World, check the Middle East Investors Directory.


 Saudi family offices announced investing in cryptocurrency firm Vertex ICO

vertex-saudi.pngA group of Saudi investors announced investing in Vertex ICO, a blockchain start-up.

Vertex is creating a market and a token that combines trading, venture capital experience, and fair-value based tokenization. Vertex also offers an aftermarket for ICOs, which will provide investors with opportunities to get returns and bring more fiat resources into cryptocurrency markets. (Among investors in the Vertex ICO you can find arab investors like Naif Al Rajhi, Abdullah Al Othaim, Bander Al Rajhi and Abdulaziz Bin Sultan). More details here.

To see a list of angel investors from Saudi Arabia similar to Abdullah Al Othaim, check the Middle East Investors Directory.


 Dubai firm acquired Denmark logistics company for $762 million

dpworld-2.pngDubai firm DP World has acquired Unifeeder Group, a Danish logistics company for $762 million (660 million euros).

Established in 1977, Unifeeder is a logistics company based in Denmark with one of the largest connected feeder and shortsea network in Northern Europe. Dubai-based company DP World develops and manages international marine and inland terminal operations, industrial parks and economic zones with a portfolio of 78 operating marine and inland terminals. (More details here)

To see a list of investors similar to DP World, check the Middle East Investors Directory.


 Saudi family office of Alwaleed Bin Talal acquired 2.3% stake in Snapchat for $250 million

alwaleed snapchatSaudi Prince Alwaleed Bin Talal, founder of Kingdom Holding investment firm, bought 2.3% stake in American technology and camera company Snapchat for $250 million.

The shares was bought at around $11 each, below the $13.10 price shares closed at before earnings were released. Alwaleed and Kingdom holding has investment in other technology companies such as Lyft, JD.com and Twitter. (More details here)

Kingdom Holding is listed in the Middle East Investors Directory with the code BFD84.


 Dubai investors of ICD acquired 25% of Italian firm CAI

cres-us.jpgDubai investors of ICD (Investment Corporation of Dubai) has acquired 25% stake of Italian company Corporación America Italia (CAI).

CAI is the controlling entity of Toscana Aeroporti which manages Florence and Pisa airports in Italy. The amount of the deal is not disclosed but Toscana Aeroporti had a total market cap of around $310 million. The deal has been done with their parent investor CAAP which operates 52 airports and 76 million passengers in seven countries across Latin America and Europe: Argentina, Brazil, Uruguay, Peru, Ecuador, Armenia and Italy. (Investment Corporation of Dubai is established in 2006 and has 33 major holdings and investments). More details on the deal here.

Investment Corporation of Dubai is listed in the Middle East Investors Directory with the code MA1610.


 UAE investors of Crescent Enterprises invested $16 million in US MedTech firms

cres-us.jpgUAE-based corporate venture arm of Crescent Enterprises Ventures has invested $16 million in two American medtech firms ColubrisMX and XCath.

ColubrisMX is a Houston-based micro-robotic medical device enterprise. XCath is developing steerable robotic microcatheters which will be used in treating cerebral strokes and other endovascular conditions. (Launched in November 2017, Crescent Enterprises Ventures, or CE-V, is the corporate venture arm of Crescent Enterprises. The UAE-based company operates in sectors such as ports and logistics, power and engineering, business aviation and healthcare.) More details here.

Crescent Enterprises is listed in the Middle East Investors Directory with the code SIJ60.


 VC arm of family office Almajdouie Holding invested $1.4 million in Trukker

trukker and raed ventures.jpgSaudi venture capital firm Raed Ventures and a consortium have invested $1.4 million in UAE online truck aggregator Trukker.

Founded in 2016, Trukker is deemed as the "UBER of trucks". They have a tech-enabled trucking network where their clients can make a booking using their website and mobile applications. The Dubai-based company is currently working on establishing their business in the Eastern and Western regions of Saudi Arabia. (Established in 2015 by Almajdouie Holding LLC, Raed Ventures specializes in investments like seed and early stage, prioritizing startups in the fintech sector in Saudi Arabia and MENA region.)

To see a list of investors from Saudia Arabia similar to Raed Ventures, check the Middle East Investors Directory.





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