Top 10 Angel Investors in the United Arab Emirates
The United Arab Emirates (UAE) is a federation of seven emirates situated in the Middle East, along the Arabian Gulf. It is bordered to the north by Saudi Arabia and to the south by Oman and Yemen. The UAE is a culturally diverse country, home to over 200 nationalities, each with their own customs and traditions.
Top Angel Investors in the UAE
1. Wamda Capital
2. Shorooq Partners
3. Middle East Venture Partners
4. In5
5. Iliad Partners
6. Kerning Ventures
7. Eureeca
8. Dubai Angel Investors
9. Middle East Venture Capital
10. IMKAN Capital
Wamda Capital
Wamda Capital is a leading venture capital firm based in the United Arab Emirates. Founded in 2013, Wamda has invested in over 120 companies across the Middle East and North Africa region. They strive to invest in the most promising entrepreneurs and innovative companies, powering the growth of the MENA startup ecosystem.
Their target industries include e-commerce, logistics, SaaS, healthtech, fintech, edtech, and agritech. Their average check size is between $500,000 and $2 million.
Notable investments include Careem, Souq, Jamalon, and Vezeeta. Wamda Capital also provides value-added services to portfolio companies such as mentorship, advice, and industry connections. They focus on creating long-term partnerships that help their portfolio companies go from early stage to Series A and beyond.
Shorooq Partners
Shorooq Partners is a venture capital firm based in the United Arab Emirates, founded in 2018. Its mission is to provide the necessary resources to early-stage startups, enabling them to grow and expand, while providing investors with high returns. The firm has invested in over 30 companies across a range of industries, including healthcare, fintech, hospitality, and e-commerce. The average check size is around $1 million. Notable investments include Careem, the Middle East’s leading ride-hailing platform; The Luxury Closet, an online marketplace for pre-owned luxury goods; and MyFatoorah, a digital payments platform. Shorooq Partners has become a major player in the UAE’s venture capital ecosystem and is an important source of growth capital for startups.
Middle East Venture Partners
Middle East Venture Partners (MEVP) is a leading venture capital firm with headquarters in the United Arab Emirates. Founded in 2009, MEVP has invested in over 70 technology and digital companies across the Middle East and North Africa region, with a focus on early-stage investments in sectors such as FinTech, eCommerce, and digital media. Their average check size is between $500K and $2M, and they have invested in some of the region’s most notable startups, such as Fetchr, Careem, and Vezeeta. MEVP’s mission is to invest in innovative, high-growth potential startups and serve as a catalyst in the Middle East’s tech ecosystem, offering more than just funding.
In5
In5 is an innovation hub based in the United Arab Emirates. Founded in 2015, it is dedicated to helping entrepreneurs, startups, and SMEs grow and succeed. It provides access to an extensive network of mentors, investors, and other resources to help organizations become competitive in their respective industries.
In5 has invested in more than 200 companies and has a portfolio of investments in various industries such as FinTech, EdTech, RetailTech, AI, and HealthTech. The average check size is typically between $50,000 and $500,000.
Notable investments of In5 include Careem, which is a leading ride-hailing and delivery platform in the MENA region, and Fetchr, which is a courier service provider in the region. In5 is also an investor in the Middle East’s first venture capital fund, Flat6Labs.
Iliad Partners
Iliad Partners is a Dubai based venture capital firm founded in 2016. Their mission is to provide long term capital to Middle Eastern and North African startups, and to foster the development of innovative, high-growth businesses. They typically invest in seed to early stage companies in various industries, including healthcare, fintech, e-commerce, consumer, and enterprise. Their average check size ranges from $200,000 to $2 million. Some of their notable investments include Careem, Fetchr, and InstaShop. Iliad Partners has invested in over 35 companies, with the goal of driving positive change in the region.
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Kerning Ventures
Kerning Ventures is a venture capital firm based in the United Arab Emirates. Founded in 2018, its mission is to provide capital and support to innovative entrepreneurs and help them become globally competitive.
Kerning Ventures has invested in over 30 companies across the region in industries such as FinTech, Artificial Intelligence, e-commerce and logistics. Their average check size is approximately $500K and they have made notable investments in companies such as Careem, Zoom and WaystoCap.
Kerning Ventures is committed to helping entrepreneurs build leading companies and make positive social impact in the MENA region. They invest in early-stage startups and offer guidance and mentorship to help them succeed.
Eureeca
Eureeca is an online equity crowdfunding platform founded in 2013 in the United Arab Emirates. It helps investors fund innovative startups and SMEs with a mission to democratize access to capital. To date, the platform has invested in over 200 companies across 16 countries, with a focus on tech, healthcare, F&B, and education. The average check size is typically in the range of $50,000 to $1 million. Notable investments include online grocery delivery platform InstaShop, online learning platform Ejada, and sustainable living platform EcoVibe. It also recently launched a Corporate Funds initiative to help corporate entities invest in innovative startups.
Dubai Angel Investors
Dubai Angel Investors, founded in 2012, is an angel investment network, located in the United Arab Emirates, which connects investors to early-stage startups. They have invested in over 300 companies in the MENA region, with a focus on technology, media, and services sectors. Their average check size is between $50k to $200k, and they are committed to helping entrepreneurs grow and succeed in the region. Notable investments include Careem, a mobile transportation platform, and Souq.com, an e-commerce leader in the Middle East. Dubai Angel Investors are passionate about providing access to capital, expertise and mentorship to new and growing businesses in the region.
Middle East Venture Capital
Middle East Venture Capital (MEVC) is one of the leading venture capital firms in the United Arab Emirates (UAE). Founded in 2010, MEVC is focused on providing early-stage investments to UAE-based startups, nurturing them to become regional and global market leaders. To date, MEVC has invested in more than 30 companies in various industries, ranging from consumer goods to healthcare, education, and technology. MEVC’s average check size is AED 5 million, with some investments stretching up to AED 20 million. Notable investments include Careem, the Middle East’s leading ride-hailing app, and Fetchr, a technology-driven delivery service. MEVC’s mission is to support the development of innovative entrepreneurs and help them build strong companies in the UAE.
IMKAN Capital
IMKAN Capital is an Abu Dhabi, United Arab Emirates based venture capital firm that was founded in 2017 with the mission to enable entrepreneurs and corporates to bring innovative products and services to the market. IMKAN has invested in over 20 companies, covering a range of target industries including healthcare, technology, logistics, and energy. Their average check size is typically between USD 500K and USD 5M, with a focus on early-stage investments. Notable investments include Careem, Maxx Media, and Novus Health. IMKAN Capital seeks to enable growth and innovation in the region through their investments and strategic partnerships.
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