Dubai, UAE – October 22, 2024: PRYPCO, a Dubai-based property technology (PropTech) startup, has successfully raised $10 million in seed funding to drive its expansion and scale its operations. The funding round, which concluded in September, was led by Abu Dhabi’s Shorooq Partners, with strategic participation from the Dubai-headquartered retail giant, Apparel Group, along with […]
Dubai: Pakistani fintech startup Abhi has secured $15 million in credit financing, a round led by Shorooq Partners and Amplify Growth Partnership. This funding will enable the company to scale its operations and expand its Earned Wage Access (EWA) services across the UAE, targeting both blue-collar and white-collar workers. In an official statement released on […]
44.01, a pioneering climate technology company, announced the completion of a $37 million Series A funding round. The round was led by Equinor Ventures and Shorooq Partners, alongside notable investors such as Air Liquide Venture Capital (ALIAD), Alumni Ventures, Amazon’s Climate Pledge Fund, Climate Investment, Innovation Development Oman, Planet A Ventures, Salica Oryx Fund, Siemens […]
Dubai, UAE – Shorooq Partners, the UAE-based alternative investment manager renowned for its investments across the MENA region, has made its first foray into Türkiye’s entrepreneurial ecosystem. The firm led a $5 million seed round in Roamless, a traveltech startup aiming to revolutionize travel connectivity. The seed round also saw significant participation from notable venture […]
Shorooq Partners has launched a new fund in collaboration with IMM Investment Global, the international arm of the Korean private equity and venture capital firm IMM Investment, which boasts over US$6 billion in assets under management. IMM Investment Global joins the fund as a minority partner. Shane Shin, founding partner at Shorooq Partners, emphasized the […]