DubaiBeat

Dubai Daher Family Office and consortium invested $5 million in Canadian firm

2024-11-20T14:57:04Z

Dubai family office of Daher Investments and consortium have invested $5 million in Reactiv Technologies, a Canadian AI-powered mobile commerce platform.

Reactiv Technologies, founded in Toronto in September 2023 by Shopify alums, offers an AI-powered platform simplifying mobile app creation, launch, and management. (Founded in 2007, Daher Investments is a privately owned family office that invests in a wide range of asset classes globally. This includes developed equities, emerging market equities, small cap equities, real estate, private equity and venture capital. More details about the deal here. )

Daher family office is listed in the Middle East Investors Directory alongside other Middle East family offices with the code F161.

Dubai Gargash family group and consortium invests $65 million in German firm

2024-11-04T15:00:45Z

Gargash Group, a Dubai family-owned business conglomerate, has participated in a $65 million investment in Blacklane, a Berlin-based chauffeur services provider.

Founded in 2011 Blacklane is a global chauffeur service offering pre-booked, fixed-rate rides with professional drivers across 50+ countries and has raised significant funding by Daimler, Al-Fahim, and PIF. (Gargash Group, founded in 1918, is a leading UAE family business operating in automotive, real estate, financial services, and F&B, emphasizing quality and sustainability.)

Gargash family group is listed in the Middle East Investors Directory alongside other Middle East family offices with the code F112.

Abu Dhabi Mubadala acquired stake in South Korean e-commerce firm for $23 million

2024-10-28T13:07:49Z

Mubadala Investment, an Abu Dhabi-based investment management company, has acquired shares in Coupang, a Seoul-based e-commerce company, that's valued at approximately $23 million.

With 78,000 employees, Coupang is an e-commerce company based in Seoul and is South Korea's first marketplace and largest online retailer. (Founded in 2017, the Mubadala Investment is one of the Abu Dhabi government's sovereign wealth funds. It invests in aerospace, metals and mining, renewable energy, real estate, utilities, defense all over the world)

Mubadala is listed in the Middle East Investors Directory with the code EM14.

DubaiBeat.com an official partner of Super Return ME 2024 for the 15th year

2024-09-30T15:12:30Z

Industry veterans still remember the SuperReturn conference in 2009 in Dubai, which featured prominent private equity leaders like Stephen Schwarzman of Blackstone Group and David Rubenstein of Carlyle Group. (DubaiBeat.com 2009 report from the event is here)

This year, SuperReturn Middle East will be held from October 14 to 16, 2024, at The Ritz-Carlton DIFC, with Dubaibeat.com once again partnering with the event, just as we did almost every year for the past 15 years. (Among other sponsors and partners you can also find Deloitte, S&P Global, and PitchBook)

With over 500 senior leaders from the private markets expected to attend, the event will see participation from more than 175 limited partners and 200 general partners. Additionally, SuperReturn coincides with GITEX, the premier event that focuses on technology. This overlap gives attendees a chance to network and discuss connections between finance and technology. (You can get a 10% discount when you quote our VIP code FKR3559DUB).

(If for any reason you can not attend, feel free to download our Middle East Investors Directory, now in its 15th year of publication, to get a sense of private capital investors from the region.)

UAE Investor Sheikh Abdulla Al Qassimi and consortium invested $30 million in California firm

2024-09-18T14:49:37Z

Master Investment Group, the investment firm of Sheikh Abdulla Al Qassimi from Ras Al Khaimah and other investors have acquired stake in Faraday Future, a California-based electric vehicle firm for $30 million.

Founded in 2014 by Chinese businessman Jia Yueting, Faraday Future is focused on the development of electric vehicles which they currently market in the United States and China. (Established in 2014, the Master Investment Group is a regional investment company headquartered in the UAE. They generate a long-term portfolio of wealth management solutions across a range of macro-economic sectors, including real estate, leisure, and tourism developments.) More details about this deal here.

To see a list and email addresses of investors similar to Sheikh Abdulla Al Qassimi check the Middle East Investors Directory.

Dubai angel investor and consortium invested $500,000 in crypto tokenization platform

2024-09-10T03:53:15Z

Dubai angel investor Michael Ourabah, along with several strategic investors, has acquired stake in Tokinvest, a UAE-based crypto tokenization platform, for $500,000 during the pre-seed funding.

Founded in 2024, Tokinvest is a pioneering marketplace that connects real-world asset issuers with investors globally. The advanced platform simplifies the investment process by creating virtual tokens representing rights to assets and providing comprehensive lifecycle services from ideation to trading to asset servicing.

To see a list and email addresses of investors similar to Michael Ourabah check the Middle East Investors Directory.

QIA acquired stake in Dublin based company for $180 million

2024-08-15T06:56:14Z

Qatar Investment Authority (QIA), the sovereign wealth fund of Qatar, has acquired stake in TechMet, a Dublin-based minerals investment company, for $180 million.

Founded in 2017, TechMet Limited is a private company focused on securing a steady and sustainable supply of critical metals for advanced technologies. They work on projects involving mining, processing, refining, and recycling metal (QIA safeguards and grows Qatar's financial assets while helping diversify its economy. It invests in a wide range of global markets, sectors, and regions.)

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

Job of the day:
Capital.com is hiring a Chief Operating Officer based in Dubai See more

Dubai DAMAC Group acquired stake in Anthropic for $50 million

2024-07-22T12:48:06Z

DAMAC Group, a Dubai-based private business conglomerate, has acquired stake in Anthropic, a US AI startup for $50 million.

Founded in 2021 and with roughly 500 employees, Anthropic aims to study the safety and reliability of AI systems. It has developed a family of large language models called Claude, which is a competitor of OpenAI's ChatGPT and Google's Gemini.

(Established in 1982, DAMAC Group is owned and managed by Hussain Sajwani. Its diverse portfolio spans various industries including Property Development and Real Estate, Data Centres, Retail and Fashion, Hospitality, Capital Markets, and Logistics.)

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

Abu Dhabi investors of UASG invested $200 million in DNEG

2024-07-09T14:01:35Z

United Al Saqer Group, an Abu Dhabi-based investment group, has acquired stake in Double Negative (DNEG), a British-Indian visual effects and animation studio for $200 million.

Founded in London in 1998, DNEG is a British-Indian visual effects, computer animation and stereo conversion company. It has seven Academy Awards, three Primetime Emmy Awards, and seven BAFTA awards for works such as Interstellar, Inception, and Dune. (Estasblished in 1988, UASG is an Abu Dhabi based private equity firm that manages a diverse portfolio that includes automobile, finance, real estate, construction, travel and hospitality.)

UASG is listed in the Middle East Investors Directory with the code AJ81.

Saudi investment firm Hevolution invested $20 million in US firm

2024-05-06T14:41:31Z

Hevolution Foundation, a Saudi investment firm focused on aging science, has invested $20 million in Aeovian, a San Francisco based biopharmaceutical company.

Aeovian Pharmaceuticals is a clinical-stage biopharmaceutical company developing targeted small molecules to restore cellular metabolic quality control. Hevolution has also invested in Rubedo Life Sciences $40 million Series A round. (Hevolution is a Saudi investment firm focused on aging science with an annual budget of up to $1 billion. They also invest in platforms and technologies that aim to compress drug development timelines or increase accessibility to therapeutics.)

Hevolution is listed in the Middle East Investors Directory with the code AJ49.

Saudi family offices of Watar Partners co-invested $700 million in New York food business

2024-03-20T10:40:29Z

Watar Partners, a Saudi advisory firm for private family offices, has participated in a $700 million investment in Wonder, a New York based food delivery business.

Established in 2018, Wonder is a food delivery enterprise offering access to a variety of restaurants within a single order. It was founded by serial entrepreneur and former Walmart e-commerce chief Marc Lore. (Watar Partners, established in 2014, provides financial advisory services to the private investment offices of select families. It has offices in Saudi Arabia and UAE and is led by Abdulwahab A Al Betairi, Tarek Al-Rumaim and Muhammad Humayun Latif)

Watar Partners is listed in the Middle East Investors Directory with the code AJ27.

Dubai Investors of Oraseya co-invested $5.5 million in Boston firm

2024-03-08T10:06:45Z

Dubai investment firm Oraseya Capital, has taken part in a $5.5 million series A funding in Remote Pass, a Boston-based HR and fintech platform.

Established in 2020 with a 55-member team serving over 360 businesses in 50+ countries, RemotePass makes it easy for companies to handle their global remote workforce. Other investors in this round which is led by 212 VC includes Endeavor Catalyst, Khwarizmi Ventures, Flyer One Ventures, Access Bridge Ventures, A15, and Swiss Founders Fund.

(Founded in 2023 by the Dubai Integrated Economic Zones Authority DIEZ, Oraseya Capital is a venture capital firm that has a $136 million fund specifically allocated for startup ventures.. More details about the deal is here)

Oraseya Capital is listed in the Middle East Investors Directory with the code JU24.

Abu Dhabi Investors of IMI co-invested $158 million in UK firm The Very Group

2024-02-27T11:37:04Z

Abu Dhabi investment firm International Media Investments, has taken part in a $158 million debt financing in The Very Group, a UK-based online retailer.

The Very Group, based in Liverpool and established in 1861 from as a mail-order catalogue business, generates £2.15 billion in annual revenue. It operates digital retail brands Very and Littlewoods, serving 4.4 million customers. (International Media Investments IMI is an Abu Dhabi private investment firm owning media brands like The National and CNN Business Arabic and stake in EuroNews. They also invest globally in media brands through Redbird IMI, a partnership with Redbird Capital Partners. More details about the deal is here)

International Media Investments is listed in the Middle East Investors Directory with the code JU14.

Saudi VC Prosperity7 led investment of $14 million in Chinese firm

2024-01-18T17:07:44Z

Prosperity7 Ventures, the venture fund of Saudi Aramco Ventures, has led a $14 million investment in Shenzhen Cispoly Bio-Tec, a Chinese developer of women's health screening tools.

Established in 2020 in Beijing, Cispoly focuses on improving women's health by detecting gynecological tumors early. They have special technology for cervical, ovarian, and endometrial cancers. The company is known for its research, development, and sales of automated testing equipment. (Prosperity7 serves as the diversified growth fund under Aramco Ventures, a subsidiary of Aramco, the Saudi energy and chemicals company. With a $1 billion venture capital fund, Prosperity7 adopts a global investment strategy across all sectors.)

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

Dubai Investments acquired stake in UK digital bank Monument

2023-11-14T13:52:08Z

Dubai Investments, an investment company listed on the Dubai Financial Market, has acquired additional stake in Monument Bank, a UK-based regulated digital bank, increasing its holding to 16.93 percent.

Launched in 2021, Monument Bank has opened more than 10,000 accounts for wealthy savers, with account balances averaging over £60,000. (Dubai Investments is incorporated in 1995 and has invested heavily outside of UAE. Mr Khalid Kalban sits on the board of Monument)

Dubai Investment is listed in the Middle East Investors Directory with the code OR191.

What we like about the deal:
Monument Bank recently concluded its Series B round of investments raising over £40 million, backed by a combination of existing and new investors and since inception has raised a total of over £103 million

Job of the day:
on CFA Institute website a firm funded by a UAE family office is hiring an Investment Associate See more