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In the first half of 2021, 72 per cent of investors in Pakistani startups were foreign, while 43 per cent of all investors were based in the United States.
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Within 12 months of launch, Airlift has scaled operations to 30+ retail properties across 8 cities and is now delivering hundreds of thousands of orders every month.
Pre-series A round welcomes participation from SPV, Knollwood, JS Group, and Saudi Arabia based family offices
Initial investor group includes Aramco venture Wa'ed, the Future Investment Initiative Institute and KAUST from Saudi Arabia, and Global Ventures of the UAE.
In the first half of 2021, VC investment in Egypt grew by 29 per cent year-on-year, accounting for 91 per cent of total capital deployed in 2020, according to Magnitt.
Mubadala Investment Company leads Sarwa’s Series B round, joined by other investors including 500 Startups, KIPCO, Shorooq Partners, MEVP, DIFC, Hambro Perks Oryx Fund, HALA Venture and Vision Ventures.
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.
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.
