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Dubai Venture Capital Firms


 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.




 Dubai investment firm 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.




 Dubai venture capital firm co-invested $7 million in New York firm Wahed

wahed-dubai.jpgBECO Capital, a venture capital firm based in Dubai, has co-invested $7 million in New York Wahed Invest, a digital halal-focused ethical investing platform.

With a $100 minimum investment, Wahed provides access to investments in halal-compliant portfolios. Founded in 2012, BECO Capital is a venture capital firm based in Dubai providing early stage growth capital to companies all over the world. They have invested in 15 companies so far and have exited 6 investments.

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

More details follows




 Dubai venture capital firm invested in Singapore online travel company

mevp-wegoDubai-based venture capital firm Middle East Venture Partners MEVP has acquired stake in WeGo, an online travel marketplace based in Singapore.

Founded in 2005, Wego is now headquartered in Singapore and Dubai with regional operations in Bangalore and Jakarta. Current Investors include Tiger Global Management, Crescent Point Group, SquarePeg Capital and MBC Group. MEVP investment size is not disclosed, but Wego has so far raised around $57 million, the latest of which reportedly a $12 million investment from MBC Group.

(With offices in Beirut, Dubai and Silicon Valley, MEVP has more than $120 million in assets under management. They have 23 investment professionals and have invested in more than 40 companies).

Middle East Venture Partners is listed in the Middle East Investors Directory with the code SINJA31.

More details follows:




 Dubai venture capital firm invested $700,000 in fintech company Now Money

dubaivc nowmoneyMyrisoph Capital, a Dubai-based venture capital firm, has acquired stake in Now Money, a FinTech firm in the Gulf region for $700,000.

Now Money uses mobile banking technology to provide accounts, financial inclusion and low-cost remittance options to low-income migrant workers in the Gulf region. (Headed by Hassan Alhassani and based in Dubai, Myrisoph Capital is established in 2016 and invests in companies all over the world. Daire Gilmore, Samer El Housseini and Sarah Al-Hajali are among its managers). Its total funding round was at $1.46 million with other investors including Middle East women's investor network WAIN.

To see listing and email addresses of investors from Dubai similar to Myrisoph Capital, check the Middle East Investors Directory

More details follows:




 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



More from Dubai Venture Capital Firms ...


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

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

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




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