New Investments
Dubai VC Firm COTU Ventures Raises $54 Million to Support Early-Stage MENA Startups
The firm, known for supporting founders from the initial stages of development to post-launch, actively invests in pre-seed and seed-stage startups across the Gulf Cooperation Council (GCC), with a focus on Saudi Arabia, Egypt, Pakistan, and the UAE. COTU Ventures boasts a portfolio of over 15 early-stage companies spanning various industries.
“We see immense potential for startups to address regional challenges through innovative tech solutions, particularly in high-margin sectors where technology can significantly impact efficiency,” said Amir Farha, Founder and General Partner at COTU Ventures.
While open to diverse sectors, COTU Ventures currently exhibits a particular interest in fintech and B2B software companies.
Some notable ventures in their portfolio include Huspy (UAE mortgage platform), MoneyHash (Egyptian fintech startup), Sirdab (Saudi Arabian on-demand storage), and Mayple (UAE delivery solution).
Prior to establishing COTU Ventures, Farha was instrumental in the success of Careem, a renowned Dubai-based ride-sharing platform, while serving as co-founder of BECO Capital, a UAE-based VC firm focused on early-stage investments in the MENA region. He departed BECO Capital to pursue his passion for early-stage ventures, leading to the creation of COTU Ventures.
COTU Ventures differentiates itself through its in-depth engagement with potential investments. This comprehensive approach allows the firm to build trust and establish strong connections with founders, gaining valuable insights to offer guidance on fundraising, startup development, and go-to-market strategies.
Additionally, COTU Ventures connects their backed startups with crucial stakeholders, including potential employees, customers, and future late-stage investors.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...
South African VC Firm Secha Capital Closes $15.8 Million Fund to Invest in Early-Stage Startups
Secha Capital, a South African venture capital firm, has announced that it has raised $15.8 million in new funding.
Microsoft Invests $70 Million in South African Tech Growth and AI Transformation
Tech giant Microsoft has announced a $70 million investment in the South African economy over the next decade.
Lupiya, Zambia’s Leading Neobank, Secures $8.25m in Series A Funding
Zambian fintech Lupiya has raised $8.25 million in a Series A funding round led by Alitheia IDF Fund, with participation from INOKS Capital SA and the German Investment Bank KfW DEG.