Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates Shorooq Partners appeared to be the VC, which was created in 2016. The leading representative office of defined VC is situated in the Abu Dhabi. The company was established in Asia in United Arab Emirates.
The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Shorooq Partners, startups are often financed by 500 Startups, Arzan Venture Capital, Raed Ventures. The meaningful sponsors for the fund in investment in the same round are 500 Startups, Wamda Capital, Riyad TAQNIA Fund (RTF). In the next rounds fund is usually obtained by Middle East Venture Partners (MEVP), 500 Startups, U.S. Venture Partners (USVP).
The current fund was established by Shane Shin. Besides them, we counted 4 critical employees of this fund in our database.
Besides, a startup needs to be aged 2-3 years to get the investment from the fund. For fund there is no match between the location of its establishment and the land of its numerous investments - United States. The fund has exact preference in a number of founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Among the various public portfolio startups of the fund, we may underline Impact Guru, LUNCH:ON, Tank Utility Among the most popular fund investment industries, there are mHealth, Financial Services.
Deals in the range of 1 - 5 millions dollars are the general things for fund. The fund is constantly included in 7-12 investment rounds annually. Considering the real fund results, this VC is 28 percentage points more often commits exit comparing to other organizations. The important activity for fund was in 2019.
| Fund Name | Location |
| B7inc | Maryland, Rockville, United States |
| Cielo Talent | Brookfield, United States, Wisconsin |
| Foundation for technological innovation | - |
| Global Merces Media | - |
| Qingdao Chaofeng Investment | China, Japan, Kagoshima Prefecture |
| Southern Company | Atlanta, Georgia, United States |
| TFI International | California, Los Angeles, United States |
| Unicorn Ascension Fund | India, Maharashtra, Mumbai |
| Untapped | California, San Francisco, United States |
| XDL Capital Group | Canada, Ontario, Toronto |
Notable deals
| Company | Industry | Round Size | Date | Investors | Location |
COLABS Pakistan | 24 Oct 2024 | Lahore, Punjab, Pakistan | |||
PRYPCO | 22 Oct 2024 | Dubai, United Arab Emirates | |||
Mala Inc. | 19 Oct 2024 | Riyadh, Ar Riyad, Saudi Arabia | |||
Settle Payments | $2M | 18 Sep 2024 | Cairo, Al Qahirah, Egypt | ||
Intelmatix | $20M | 31 Jul 2024 | Riyadh, Ar Riyad, Saudi Arabia | ||
Zyp Technologies | $1M | 23 Jul 2024 | Lahore, Punjab, Pakistan | ||
44.01 | $37M | 15 Jul 2024 | London, England, United Kingdom | ||
DealCart | $3M | 04 Jul 2024 | Karachi, Sindh, Pakistan | ||
Roamless | $5M | 13 Jun 2024 | Wilmington, Delaware, United States |
– B2B e-commerce startup Capiter raised $33m in Series A funding.
– The round was co-led by Quona Capital and MSA Capital.
– Other participating investors include Savola, Shorooq Partners, Foundation Ventures, Accion Venture Lab and Derayah Ventures.
– Capiter was launched in July 2020 by Mahmoud Nouh and Ahmed Nouh.
– The company solves problems around reach and insights for suppliers and manufacturers.
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| Company | Industry | Round Size | Date | Investors | Location |
COLABS Pakistan | 24 Oct 2024 | Lahore, Punjab, Pakistan | |||
PRYPCO | 22 Oct 2024 | Dubai, United Arab Emirates | |||
Mala Inc. | 19 Oct 2024 | Riyadh, Ar Riyad, Saudi Arabia | |||
Settle Payments | $2M | 18 Sep 2024 | Cairo, Al Qahirah, Egypt | ||
Intelmatix | $20M | 31 Jul 2024 | Riyadh, Ar Riyad, Saudi Arabia | ||
Zyp Technologies | $1M | 23 Jul 2024 | Lahore, Punjab, Pakistan | ||
44.01 | $37M | 15 Jul 2024 | London, England, United Kingdom | ||
DealCart | $3M | 04 Jul 2024 | Karachi, Sindh, Pakistan | ||
Roamless | $5M | 13 Jun 2024 | Wilmington, Delaware, United States |
