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Dubai Venture Capital Firms

 Dubai VC firm HB Investments 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.

 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:

More from Dubai Venture Capital Firms ...

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

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

  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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