For the UAE, the highest number of deals were in the $1 million to $4.99 million range. Chefaa received pre-seed funding from Flat6labs Cairo in 2018, as well as a social impact grant from the StartEgypt initiative, and has now closed its seed round. It now has plans to expand to Kuwait. Here we also take a look at the 2020 startup climate in India and how it was negatively impacted by COVID-19. Backed by ASA Ventures and a collection of private investors, ZON has closed its seed funding round at $8 million, making it the largest seed funding round the UAE has ever seen. The Seeds of Nation show — the official ceremony held to mark the 49th UAE National Day in Abu Dhabi enthralled the audience in the UAE and across the world. As the first fully decentralised mobile e-commerce platform in the Middle East, ZON boasts over 32,000 sellers in its network and claims to be the ‘cheapest and fastest’ platform of its kind - customers can get their order anywhere in the … Total start-up investment in the MENA region reached $1.031 billion in 2020, an increase of 13 percent … Image Credit: Image grabs. Foloosi, a UAE Fintech startup facilitating consumer-to-business card payments through several ways by enabling businesses to display QR code, share Payment Links and API integrations makes it possible to accept card payments without the need of a POS machine. Smart calling platform Callify.ai pulls in seed funding By Narinder Kapur 14 December, 2020 Photo Credit: 123RF.com. This list of venture capital investors headquartered in Dubai provides data on their investment activities, fund raising history, portfolio companies, and recent news. Dubai-based recruitment platform Searchie has raised $2 million in seed funding led by two family offices who have invested in UAE for the first time, the startup announced today. The company received seed funding in 2017, and in March 2018 it began constructing its first high-tech greenhouse in Abu Dhabi. Applications should be submitted through faculty guide to avail the seed funding. Some angel investors also participated in the round, according to the company. This comes on the heels of its AED 1.2 million seed funding in August 2015. Getty Images. Last date for submitting the … UAE’s Ziina raises seed funding and qualifies for Y-Combinator’s accelerator programme Founded last year, the start-up plans to enter Saudi Arabia and Jordan by 2022 (From left to right) Ashiq Korikkar, head of growth, Faisal Toukan, co-founder and chief executive, and Andrew Gold, co-founder and head of engineering, are the brains behind peer-to-peer payments app Ziina. Dubai-based online platform for rentals of products and services, RentSher Middle East, has raised over $600,000 in seed funding. UAE-based social peer-to-peer (P2P) payment app Ziina has been accepted to Y-Combinator’s much-vaunted accelerator programme. More. SMEs contribute nearly 60% of the UAE’s GDP and estimated to grow to 70% by 2021; Beehive successfully facilitated funding of over $100 million to more than 450 business funding requests ; Humming Realty gives investors insider access to pre-vetted real estate investments for as little as AED 1,000 ; Banks in the GCC had $2.3 trillion in assets at the end of 2019, yet their lending to SMEs … SMEs contribute close to half of UAE’s annual GDP. Founded in 2016 by Mostafa Kandil and Ahmed Sabbah, UAE-based bushailing app Swvl has … Also, nearly half of all companies registered in Dubai are early stage startups. Grants are available to UAE Nationals and residents of the UAE provided the research is conducted in the UAE. UAE fintech startup Foloosi raises Pre-SEED funding. Foloosi is a UAE Fintech startup facilitating consumer-to-business card payments by enabling the business to display QR code, Payment Link and API integrations for the customer to scan & pay conveniently. These include Paddy Padmanathan, chief executive of Acwa … Following the close of the round, Ziina hopes to increase its product … Maintain existing and establish new contacts and make … The capital injection was led by Jasoor Ventures, with participation also coming from, Wamda, Class 5 Global, Long Journey Ventures, Graph Ventures, Jabbar Internet Group and FJ Labs. Team. Our seed funding serves as a critical catalyst to … The seed grants provide up to AED 500,000 to support basic, translational, or clinical research projects. portfolio, exits, top trending … Dubai, June 10, 2019 -- Foloosi, a UAE Fintech startup facilitating consumer-to-business card payments through several ways by enabling businesses to display QR … Portfolio. BRINGING CAPITAL AND EXPERTISE TO ENTREPRENEURS . The funding will be used to help grow Tamara’s operations in Saudi Arabia and the UAE. But there was a lot of activity in pre-series A and Seed with 12 deals in each one of them. The social enterprise's funding round was led by CT Arabia, an investment firm created by regional energy executives to invest in Pawame, with other inputs from senior executives from Mena utility companies. Our funding supports the brightest minds in biomedical research with the aim of improving healthcare in the UAE. Launched on 2 April 2014, we offer two research funding schemes: Fellowship and Seed Grants in the research areas of cancer, cardiovascular diseases, diabetes, obesity and mental health. Also referred to as seed money or seed capital, investors often get equity stake in exchange for the capital invested. QiDZ, an app for kids-related fun, education and entertainment in the UAE, announced that the company has raised $1 million in seed funding. Applicants should hold positions at universities, research or clinical institutions in the UAE. UAE fintech startup Foloosi raises $500K in a SEED funding round. The event, set to be held in Dubai this year, will see 10 regional startups introduced to angel investors willing to inject seed funding to help launch or scale up the businesses. We are a member-led Micro-VC made up of more than 100 like-minded investors. Insights about their . Apply. For the latest headlines, follow our Google News channel online or via the app. #2 – Swvl. Author: MAGNiTT. Blog. Hopi’s subscription … Egyptian health-tech startup CliniDo, has raised a six-figure seed funding round; Investors have poured in about $9.3 billion into Indian startups so far in 2020 ; Arab startups were still finding ways to end the year on a positive note with additional millions raised. The undisclosed investment, which Disrupt Africa has been told is a six-figure US dollar amount, comes from Flat6Labs and 500 Startups, and will be used to help the startup expand both geographically and in terms of its product … Wamda has invested in UAE-based peer-to-peer (P2P) payment application Ziina’s seed funding round, which was led by the Oman Technology READ MORE… In April 2020, Pure Harvest announced a Series A funding round of $110 million led by Wafra International Investment Company. UAE. Seed Funding Guidelines. Foloosi has raised an undisclosed amount of pre-seed fund from Angel fund investor … Startup incubator and accelerator Venture Catalysts, the UAE-based Calega Ventures, The Chennai Angel Network and Marvari Angel Network also participated in this round. “We strongly believe Tamara will be a game-changer for both merchants … The company offers Shariah compliant, interest-free installment services to their customers, and its merchant partners include some of the big names in the GCC’s e-commerce arena. This list of seed stage investors headquartered in Dubai provides data on their investment activities, fund raising history, portfolio companies, and recent news. Antal International. Bengaluru, India-based CountingWell, a mathematics-focused edtech startup, last month, raised $1 million in its pre-Series A round in which UAE-based Delhi Private School (DPS) and education management company Interstar participated. SHARE ... the Mumbai-based startup said in a statement. Seed funding or seed stage funding is a very early investment which aims at helping a business grow and generating its own capital. The company plans to expand its operations in Saudi Arabia and branch out to the UAE, both of which will be backed by the seed round. The start-up plans to use the funding to begin shipping its own range of optical and coloured contact lenses directly to consumers across the UAE, with deliveries scheduled to begin later this year. dubai, angel, investors, investing, venture, seed, capital, startup, start-up, technology, tech, entrepreneur, entrepreneurs, founder, equity, convertible, Home. The application should contain brief abstract, cost estimation, action plan and benefits of the mentioned project. Founded in 2018 by Nirmal Shah, Ravi Jitani, Anita Sharma, and Dr. Dharam … Hopi, a Dubai-based direct-to-consumer subscription contact lens brand, has closed an initial seed-funding round from Dubai-based trading, investment and technology firm Esanjo Ventures. By Imogen Lillywhite, ZAWYA. Dubai. UAE fintech startup Foloosi raises Pre-SEED funding, looks to build the cashless society and provide payment solutions that serve all types of businesses Funding 1 year ago - Mon, Jun 10, 2019, 8:25 AM. This seed funding is to help startups cover their early expenses during the program and to help attempt to define their product, develop their core application, and commercialize their enterprise. Callify.ai was set up in 2016 by Chetan Indap, who is the … UAE off-grid solar start-up Pawame has raised $2 million in seed funding from Gulf-based investors to help grow its business in Kenya. For each startup we select, we invest USD 30-50k USD(AED 100,000 – 150,000) in seed funding in exchange for minor equity in the company(7 – 10%). Top Funding Types Seed, Equity Crowdfunding; Organizations in this hub have their headquarters located in Dubai, United Arab Emirates, Asia; notable events and people located in Dubai are also included. More... - Grain Broker for a Leading Agricultural & Commodities Tradin... RTC-1 Employment Services. 0. Entrepreneurs of the Week: Dunia Othman and Ibrahim Colak, founders of Mr Usta " Mr Usta, rests on a win-win model for all stakeholders involved - small service providers struggling to reach more … Seed Funding MAHE Dubai Innovation Center / Incubation Facility; Seed Funding; Society of Innovators & Entrepreneurs (SIE) Seed Funding #SeedFunding. The round was led by Abu Dhabi’s Shorooq Investments, Dubai’s Latitude Consultants Limited and ViaNet Ventures. Insights about their . Foloosi has raised a seed fund of 500k USD from existing investor Rasheed Alfalasi along with new investor Mohammed … Purchases machinery, equipment and … The financing will be used to accelerate growth, to expand the platform to key regional markets, and to hire new team members. UAE-based peer-to-peer (P2P) payment application Ziina has closed its seed round to help with its goal of entering Saudi Arabia and Jordan by 2022. Top Funding Types Seed, Venture - Series Unknown; Organizations in this hub have their headquarters located in Dubai, United Arab Emirates, Asia; notable events and people located in Dubai are also included. WHAT IS DAI? A string of prominent angel investors including Niranjan A M, Khalid AlTawil, Ali Al-Salim, Sabah Yusuf and a senior partner from McKinsey & … More... - Agriculture Manager – Leading Investment house (Agriculture... new. 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