New Investments

Dubai VC Firm COTU Ventures Raises $54 Million to Support Early-Stage MENA Startups

COTU Ventures, a Dubai-based early-stage venture capital (VC) firm, has secured $54 million for its first fund dedicated to backing promising startups in the Middle East and North Africa (MENA) region.
 

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.

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