Dubai Future District Fund

Dubai Future District Fund is a venture capital firm established in 2021 and located in Dubai, United Arab Emirates. The firm specializes in investing in new economy companies, particularly within the technology sector, to support the growth and diversification of Dubai's economy. Its primary objective is to enhance startup and venture capital investment, thereby fostering business activity in Dubai and the surrounding region. By focusing on innovative industries, the fund aims to contribute to job creation and the development of essential skills for future generations. Additionally, the Dubai Future District Fund plays a vital role in accelerating initiatives that build ecosystem capacity, further positioning Dubai as a hub for emerging technologies and business opportunities.

Nader AlBastaki

Managing Director

Tiffany Bain

Principal, Portfolio Development

El-Badawi, Sharif

CEO

Amer Fatayer

Investment Director

Karim Konsowa

Investment Associate

Dana Labin

Principal

AbdulBasit Qayed

Principal

Sushant Shenoy

Principal

Mahmoud Ward

Principal, Ecosystem Development

20 past transactions

NymCard

Series B in 2025
NymCard is a payment processing platform founded in 2016, with operations based in Abu Dhabi, United Arab Emirates, and a subsidiary in London, United Kingdom. The company focuses on providing a comprehensive online payments solution that enhances user experience, security, and data management. NymCard offers mobile wallet solutions, card issuance and processing, and cloud-based services, allowing financial institutions in Africa and the Middle East to issue innovative digital payment products. By leveraging open APIs and mobile SDKs, NymCard enables clients to provide plastic, virtual, or tokenized cards to users quickly and efficiently, facilitating access to the digital economy. The platform aims to streamline the account opening process and ensure secure online transactions, addressing the challenges of low payment card penetration in its target regions.

Mamo

Seed Round in 2024
Mamo is a fintech startup based in Dubai, UAE, specializing in payment and financial solutions for small and medium-sized enterprises (SMEs). It is the first fintech company licensed by the Dubai Financial Services Authority to provide money services, enabling it to offer a diverse range of financial services. Mamo's flagship product, Mamo Business, serves as an alternative to traditional business banking, functioning as a financial operating system tailored to the needs of SMEs. The platform incorporates essential components such as payments, spend management, and analytics, facilitating efficient financial operations. Mamo's application allows businesses to accept payments in multiple currencies, issue virtual cards, manage expenses, and integrate with e-commerce platforms. Its customer base includes a variety of sectors, including B2B service providers, tourism, healthcare, wellness, and retail, helping to streamline financial processes and enhance analysis of spending habits.

Iyris

Series A in 2024
Iyris Advanced Desert Greenhouses specializes in agriculture glazing, focusing on enhancing crop production in the challenging climates of the Middle East. The company collaborates with leading glass manufacturers to offer ultra-clear glazing equipped with advanced anti-reflective and light diffusive coatings. Additionally, Iyris develops agroclimatic technologies that integrate climate control, plant science, and intelligent control systems. This approach aims to create sustainable food production in water-scarce regions, effectively reducing both the carbon and water footprints of local farming. By designing innovative agricultural technologies tailored for harsh environments, Iyris enables farmers to grow food with fewer resources, ultimately lowering costs and improving crop yields.

Holo

Funding Round in 2024
Holo is the Middle East’s first digital property buying platform, transforming the homebuying process with an integrated, end-to-end digital solution. With advanced algorithms, Holo matches customers with the optimal mortgage product tailored to their financial needs and connects them with over 2,500 real estate agents via The Hub. With a user-friendly, 24/7 interface, users can seamlessly apply, upload documents, and track progress on any connected device. Recognized in the 2020 Wamda X cohort, Holo is revolutionizing home financing in the UAE—achieving monthly loan GMV exceeding AED 1 billion.

Lune

Seed Round in 2024
Lune is a single integration that unlocks the power of financial data, enabling institutions to build end-to-end engagement flows and personalized experiences that customers love.

MoneyHash

Seed Round in 2024
MoneyHash provides access to payment and fintech services across the Middle East & Africa with one simple integration.

Kema

Pre Seed Round in 2024
Kema is Fintech SaaS platform that aims to accelerate cashflow for B2B SMEs in MENA. Kema transforms how businesses sell to one another by digitizing, automating, and streamlining the invoice-to-cash process, also known as accounts receivable. Businesses benefit from shorter transactions cycles while saving both time and money.

DXwand

Series A in 2024
DXwand, LLC is a company that specializes in artificial intelligence-driven cognitive CRM software, aimed at enhancing online customer relationships through automated and personalized interactions across various social channels. Founded in 2018 and headquartered in Cheyenne, Wyoming, DXwand offers a platform that enables businesses to develop, host, and manage chatbots capable of engaging with customers via applications like Facebook Messenger, WhatsApp, and email, among others. This technology allows for 24/7 interaction, facilitating tasks such as sales, order tracking, and generating insights from customer conversations. By leveraging AI and machine learning, DXwand's platform not only improves customer engagement but also provides businesses with critical analytics to support informed decision-making and drive growth.

Zest Technologies DIFC

Seed Round in 2023
Zest regularizes access to secondary investing for later-stage venture-backed companies.

Wellx

Seed Round in 2023
Headquartered in the DIFC Innovation Hub, Dubai, UAE, Wellx is the Middle East’s first wellness-backed InsureTech. Founded by Vaibhav Kashyap and Javed Akberali, Wellx aims to disrupt the insurance landscape in the region by offering individuals, families, corporates and SMEs health insurance that incentivize engagement in various wellness activities such as gym visits, healthy eating, focusing on mental wellness, utilising wearable tech, and much more. The company also uses cutting-edge data analytics tools to hyper personalize the wellness experience. Wellx is a digital-first brand, users can complete their insurance journeys online.

Holo

Seed Round in 2023
Holo is the Middle East’s first digital property buying platform, transforming the homebuying process with an integrated, end-to-end digital solution. With advanced algorithms, Holo matches customers with the optimal mortgage product tailored to their financial needs and connects them with over 2,500 real estate agents via The Hub. With a user-friendly, 24/7 interface, users can seamlessly apply, upload documents, and track progress on any connected device. Recognized in the 2020 Wamda X cohort, Holo is revolutionizing home financing in the UAE—achieving monthly loan GMV exceeding AED 1 billion.

Lune

Pre Seed Round in 2022
Lune is a single integration that unlocks the power of financial data, enabling institutions to build end-to-end engagement flows and personalized experiences that customers love.

VUZ

Series B in 2022
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.

DXwand

Series A in 2022
DXwand, LLC is a company that specializes in artificial intelligence-driven cognitive CRM software, aimed at enhancing online customer relationships through automated and personalized interactions across various social channels. Founded in 2018 and headquartered in Cheyenne, Wyoming, DXwand offers a platform that enables businesses to develop, host, and manage chatbots capable of engaging with customers via applications like Facebook Messenger, WhatsApp, and email, among others. This technology allows for 24/7 interaction, facilitating tasks such as sales, order tracking, and generating insights from customer conversations. By leveraging AI and machine learning, DXwand's platform not only improves customer engagement but also provides businesses with critical analytics to support informed decision-making and drive growth.

Zywa (YC W22)

Seed Round in 2022
Zywa is a FinTech startup building the best banking experience to help teens and young adults spend, receive and manage money. Zywa also allows parents to send money to their children, which they can spend securely whenever, wherever in the safe environment of their parent’s oversight. Zywa is launching its services initially in the UAE & Egypt and will be soon rolling out to the rest of the Middle East.

NymCard

Series A in 2022
NymCard is a payment processing platform founded in 2016, with operations based in Abu Dhabi, United Arab Emirates, and a subsidiary in London, United Kingdom. The company focuses on providing a comprehensive online payments solution that enhances user experience, security, and data management. NymCard offers mobile wallet solutions, card issuance and processing, and cloud-based services, allowing financial institutions in Africa and the Middle East to issue innovative digital payment products. By leveraging open APIs and mobile SDKs, NymCard enables clients to provide plastic, virtual, or tokenized cards to users quickly and efficiently, facilitating access to the digital economy. The platform aims to streamline the account opening process and ensure secure online transactions, addressing the challenges of low payment card penetration in its target regions.

FinFlx

Pre Seed Round in 2022
FinFlx is a workplace financial wellness platform that assists small and medium-sized enterprises (SMEs) in designing and implementing financial benefits for their employees. The platform provides various savings plans tailored to different risk tolerances, including a capital protection plan that ensures the principal amount is safeguarded. By leveraging advanced technology, FinFlx streamlines the management of gratuity, moving away from traditional spreadsheets and paperwork to a user-friendly digital solution. This transformation not only enhances operational efficiency but also helps companies maintain a healthy balance sheet by keeping gratuity funds separate from operational cash flow. Additionally, FinFlx's platform supports employers in managing contributions to employees' gratuity plans in compliance with DIFC employment law, thereby enabling organizations to attract and retain talent through effective and transparent financial benefits.

Mamo

Series A in 2021
Mamo is a fintech startup based in Dubai, UAE, specializing in payment and financial solutions for small and medium-sized enterprises (SMEs). It is the first fintech company licensed by the Dubai Financial Services Authority to provide money services, enabling it to offer a diverse range of financial services. Mamo's flagship product, Mamo Business, serves as an alternative to traditional business banking, functioning as a financial operating system tailored to the needs of SMEs. The platform incorporates essential components such as payments, spend management, and analytics, facilitating efficient financial operations. Mamo's application allows businesses to accept payments in multiple currencies, issue virtual cards, manage expenses, and integrate with e-commerce platforms. Its customer base includes a variety of sectors, including B2B service providers, tourism, healthcare, wellness, and retail, helping to streamline financial processes and enhance analysis of spending habits.
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