Knuru Capital

Knuru Capital, founded in 2018 and headquartered in Dubai, United Arab Emirates, is a growth equity firm that focuses on equity and credit opportunities primarily in the fintech and marketplace sectors. The firm targets high-growth businesses across the Gulf Cooperation Council (GCC), Africa, and Southern Europe. Led by a team of experienced investors and entrepreneurs, Knuru Capital leverages extensive cross-asset class expertise to identify and support innovative technology ventures. The firm's strategic approach aims to drive growth and facilitate development in dynamic markets.

Alain Dib

Co-Founder and CEO

11 past transactions

Alma Health

Series A in 2023
Alma Health is a digital healthcare platform focused on managing chronic illnesses, catering to an addressable market of 20 million patients in the Gulf Cooperation Council (GCC) region. Based in Hub71, Abu Dhabi, the platform streamlines patient care by offering virtual doctor consultations and a cloud pharmacy service that delivers prescriptions directly to patients' homes. Alma Health leverages technology to transform patient behavior and insights into personalized services, including digital treatments and at-home monitoring systems. By providing comprehensive medical assistance, the platform aims to simplify the lives of individuals with chronic conditions and their caregivers.

Klaim

Seed Round in 2022
Klaim is a healthcare FinTech company that enhances cash flow for healthcare providers by offering rapid payment solutions. The company specializes in purchasing outstanding medical claims, allowing providers to receive immediate cash, which enables them to address operational expenses and focus on patient care without the burden of extensive paperwork. Klaim's platform utilizes artificial intelligence to streamline medical billing processes and predict cash flows, effectively minimizing revenue losses caused by delayed or rejected payments from insurance companies. By simplifying claim management and expediting payments, Klaim provides healthcare providers with the financial resources they need to operate efficiently.

Savana

Venture Round in 2022
Savana is a medical company founded in 2014 and headquartered in Madrid, Spain. It has developed a scientific methodology that leverages Artificial Intelligence to extract and analyze the clinical value embedded in the free-text of Electronic Health Records (EHRs). By utilizing deep learning techniques, Savana’s platform enables the automatic extraction of valuable medical information from unstructured data, which enhances the quality of medical record management. The company generates customized descriptive and predictive research studies through its extensive, AI-enabled, multi-language, and multi-center research network. Designed by doctors for doctors, Savana is committed to advancing personalized and precision medicine while adhering to strict privacy standards.

The Giving Movement

Series A in 2022
The Giving Movement is a sustainable fashion brand focused on direct-to-consumer sales, specializing in activewear and streetwear. The company aims to transform perceptions of sustainable fashion in the region by offering a diverse range of products for men, women, and children, including sweatpants, leggings, jackets, and accessories. These items are crafted from recycled materials, such as plastic water bottles and bamboo, ensuring that customers can enjoy stylish and trendy apparel while contributing to environmental preservation. The brand provides same-day delivery in the UAE and services customers across the Gulf Cooperation Council, making it accessible and convenient for its clientele.

Amitruck

Seed Round in 2022
Amitruck is a logistics platform based in Nairobi, Kenya, that connects cargo owners with trucking professionals through a mobile and web application. Founded in 2018, the platform allows customers to easily book deliveries and access a network of available trucks. It features a driver application that facilitates communication between clients and transporters, ensuring timely updates on shipments. Amitruck's user-friendly interface enables clients to receive instant quotes and track their deliveries in real-time, offering complete visibility throughout the delivery process.

Ibancar

Debt Financing in 2021
Ibancar is a fintech company specialized in online lending to a largely unbanked client base, one that does not have access to conventional forms of credit. In a world where banks have low risk appetite and are increasingly bureaucratic our objective is to build a solid and sustainable business which steps up to offer credit to clients who are in need of urgent liquidity or are experiencing temporary financial difficulties. We are a team of specialists who have worked for 4 years developing a loan product with zero credit losses, clear differentiating factors and competitive advantage. This has made Ibancar the fastest growing and most respected secured loan (car equity loans) platform in the sector. We are responsible lenders with transparent rates, flexible payment plans and over 1.5m in issued loans to date.

Joi Gifts

Series A in 2021
Joi Gifts is an online retail platform specializing in a diverse range of gift items suitable for various occasions, including Christmas, birthdays, anniversaries, and corporate events. Founded in 2015 and based in the United Arab Emirates, the company offers an extensive selection of products such as flowers, cakes, gourmet gift baskets, balloons, personalized items, and experience gifts like amusement park visits and salon services. Known for its commitment to quality and customer satisfaction, Joi Gifts provides same-day delivery in major metropolitan areas, ensuring a seamless and memorable gift-giving experience.

NOW Money

Venture Round in 2021
NOW Money is a financial technology company that leverages mobile banking to provide accounts and remittance services for the unbanked population in the Middle East, specifically targeting low-income migrant workers in the Gulf region. By offering a payment application, NOW Money facilitates access to essential financial services, enabling users to perform international money transfers and currency conversions at reduced costs. The company aims to include those who are typically excluded from the financial system, thereby promoting financial inclusion and offering significant savings on remittance transactions.

Ibancar

Venture Round in 2020
Ibancar is a fintech company specialized in online lending to a largely unbanked client base, one that does not have access to conventional forms of credit. In a world where banks have low risk appetite and are increasingly bureaucratic our objective is to build a solid and sustainable business which steps up to offer credit to clients who are in need of urgent liquidity or are experiencing temporary financial difficulties. We are a team of specialists who have worked for 4 years developing a loan product with zero credit losses, clear differentiating factors and competitive advantage. This has made Ibancar the fastest growing and most respected secured loan (car equity loans) platform in the sector. We are responsible lenders with transparent rates, flexible payment plans and over 1.5m in issued loans to date.

The Luxury Closet

Series C in 2018
The Luxury Closet is a fast growing online market platform that buys, sells, and consigns luxury items, mostly pre-owned, at a discounted price maintaining brand and item integrity and the assurance of authenticity. The Luxury Closet is the first of its kind in the GCC region in terms of size, market reach and scalability. It has achieved massive traction in a short period of time, and double digit monthly growth.
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