Oraseya Capital
Oraseya Capital is a venture capital firm based in Dubai, United Arab Emirates, and serves as the venture arm of the Dubai Integrated Economic Zones Authority. The firm focuses on investing exclusively in UAE-based startups, targeting sectors such as fintech, edtech, digital health, logistics, future of work, impact investing, artificial intelligence and machine learning, consumer products and services, and e-commerce. By concentrating on these areas, Oraseya Capital aims to support the growth and development of innovative companies within the region's economic landscape.
NymCard is a payment processing platform founded in 2016, operating from Abu Dhabi, United Arab Emirates, with a focus on enhancing the digital payment landscape in Africa and the Middle East. The company specializes in providing an issuer processor solution that allows banks and financial institutions to offer innovative digital payment products, including plastic, virtual, and tokenized cards. NymCard's advanced infrastructure and user-friendly mobile wallet solutions facilitate quick account setup and immediate access to smart payment cards, promoting efficient and secure online transactions. By leveraging open APIs and mobile SDKs, NymCard aims to address the low penetration of payment cards in these regions, thereby driving greater participation in the digital economy.
VUZ is a leading immersive social application that allows users to stream and engage with XR and Metaverse digital experiences featuring a high level of realism. The platform connects the physical and virtual worlds, offering the largest premium library of exclusive immersive content, with over 20,000 hours covering entertainment, sports, and various creator segments. VUZ aims to foster global connections by providing authentic immersive experiences, thereby overcoming travel, time, and access constraints for billions of users worldwide. Established in 2017, the company operates offices in Los Angeles, Dubai, and Riyadh, and its application supports live streaming of virtual sports, talk shows, music, and events, enhancing user engagement through immersive technologies.
souKare
Seed Round in 2020
souKare is an e-commerce platform that specializes in providing contact lenses and sports nutrition products, with a focus on rapid delivery. The company offers a range of items including immune boosters, vitamins, supplements, and both corrective and color contact lenses. With a commitment to convenience, souKare provides customers in Dubai with the option of receiving their orders within ninety minutes, while also offering express shipping to international locations. This approach aims to ensure a fast, simple, and hassle-free shopping experience for users.
paymennt.com
Seed Round in 2019
Paymennt is a mobile-first payments platform that facilitates online and in-person transactions, as well as payments through links. It primarily serves micro and small businesses, emphasizing simplicity and efficiency in its payment solutions. Originally founded as PointCheckout Holding Company Ltd in 2017, the company is headquartered in Dubai, United Arab Emirates, with an additional office in Amman, Jordan. It specializes in providing an online payment gateway that allows users to redeem and spend loyalty points and miles.
Letswork
Seed Round in 2019
Letswork is a marketplace and membership platform that provides users access to a wide range of on-demand workspaces, including private offices and meeting rooms. As the largest network of co-working spaces in the UAE, it offers affordable and flexible workspace solutions tailored to the needs of small-scale businesses. Users can benefit from a subscription-based model that allows them to work from a diverse network of partner locations, including cafes, hotels, and shared spaces. The platform also enables clients to book private offices, meeting rooms, and creative studios as needed, promoting versatility and convenience in workspace selection.
yallacompare
Series A in 2016
Yallacompare is the finance comparison site in the middle east with operations across 9 countries in the mena region. Since 2011 they have helped users compare banking products saving each one thousands of dollars every year. Since banking and insurance go hand in hand, they told their team to go out and build a platform that could save their users even more money. Their insurance tech is state of the art and built right here in the uae by their team of ninja geeks. Thanks to the efforts of their ninja geeks, you can now easily compare the price of your home insurance from the leading insurers with just a few clicks. Best of all, you can buy online and get your policy issued instantly.
The Luxury Closet
Series A in 2015
The Luxury Closet is a pioneering online marketplace in the GCC region dedicated to the buying, selling, and consignment of luxury items, with a focus on pre-owned products. By ensuring the authenticity and integrity of each item, the platform allows customers to purchase designer goods at discounted prices. With its significant market reach and impressive scalability, The Luxury Closet has experienced rapid growth, achieving double-digit monthly increases in sales since its inception. The platform serves as a trusted venue for individuals seeking to access authentic luxury items while promoting a sustainable approach to fashion consumption.
Wellx is a pioneering wellness-backed InsureTech based in the DIFC Innovation Hub, Dubai, UAE. Founded by Vaibhav Kashyap and Javed Akberali, the company seeks to transform the insurance sector in the Middle East by providing health insurance tailored for individuals, families, corporates, and SMEs. Wellx's innovative approach incentivizes participation in wellness activities, including gym attendance, healthy eating, and mental wellness, while also integrating wearable technology. By employing advanced data analytics, Wellx aims to personalize the wellness experience for its users. As a digital-first brand, Wellx offers a seamless online platform for managing insurance needs, enhancing user engagement and decision-making regarding health and wellness.
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