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Plug and Play is one of the world’s most active venture capital investors with over 200 investments every year into innovative early-stage companies.
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The funding round is led by Global Founders Capital and STV with participation from Delivery Hero, CCVA and existing investors.
The startup has already received Innovation Testing License from DFSA and Fintech License from AIFC.
Plug and Play is one of the most active VC firms globally with over 250 investments per year across 18 industries.
SPAC is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company.
Swvl’s gross revenues and markets have grown rapidly, with more than 1.4 million riders booking more than 46 million rides to date with thousands of drivers on Swvl’s platform.
The 5-year Golden Visa enables entrepreneurs locally and worldwide to set up businesses in Abu Dhabi, facilitating long-term market access for world-leading tech talent.
Majority of disputes are caused by expectation mismatch between the parties.
The platform — which has already hosted 543 campaigns — is giving start-ups and ideas initiated by both Emirati and international talent, the chance to launch their venture in Dubai.