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Investment in Startup

Al Dhow Capital

Al Dhow Capital Venture, the investment arm of Al Dhow Capital Holding based in Kuwait, leverages world-class analytics backed by industry experience to offer entrepreneurs a strategic option for funding their dreams and turning aspirations into real businesses through the Al Dhow Capital.

AppyParking

Automotive

Software

Mobile Apps

what3words

Energy

Genies

Augmented Reality

Moteefe

E-Commerce

Human

AI/IoT

CONCURED

ThingTrax

Digital & ICT

Fishfishme

Leisure

Travel

BLOCKS

Software Dev/Test

Dynamify

Delivery

Schiller Bikes

Sports

Teragence

Intelligent Systems

<a href="http://thingtrax.com/">ThingTrax</a>, a London, UK-based IoT startup, raised over &pound;250k in seed funding.

The round was led by Technology Venture Capital Investments.

The company will use the funds to grow its customer base and continue to develop the platform.

Founded in 2015 by Aman Gupta and Imran Shafqat, ThingTrax is an Industrial IoT company offering a Software as a Service (SaaS) based solution to manufacturing industry players to track, capture and analyze data from machines and operators in real-time providing actionable business insights. 
ThingTrax with its industrial IoT gateway combined with software platform integrates with more than 300 devices and protocols enabling it to rapidly on board any manufacturing shop floor.

 
A recent graduate from Startupbootcamp IoT&rsquo;s program, ThingTrax also received support from AI Seed Fund and FOMCAP.

ThingTrax Raises over £250k in Seed Funding

Fishing charter start-up FishFishMe has raised $200,000 in their second round of funding, including investments from founders of Dubizzle, Yadig.com, and other high profile angel investors.

The company, which helps fishing enthusiasts find and book fishing trips around the world, was founded in June 2012 by Kuwaiti entrepreneur Abdullah Alshalabi and product manager Jose Gil Zafra, raising $60,000 in order to launch.

The company, which has since grown to eight people, recently secured $200,000 from a group of investors which includes co-founder of Dubizzle, Sim Whatley; former managing partner at talabat.com, Abdulaziz B Al Loughani; founder of Yadig.com, Said Al Zarouini, and select other Kuwaiti investors.

FishFishMe also added some new names to their advisory board. Existing advisors Abrar Ahmad of Travel Capitalists Ventures and entrepreneur Mohammad Al Zubi have been joined by Whatley, Al Zarouini, and Al Loughani.

The funds will go towards strengthening the company&rsquo;s position in existing markets, the UAE, Oman and Spain, as well as expanding into other global markets.

Managing director Alshalabi said: &ldquo;We are so pleased and lucky to have such high profile investors and advisors that happen to be successful entrepreneurs as well.

&ldquo;They not only bring money to the table, but also their knowledge and expertise on what it takes to build a successful start-up. And, most interestingly, all of them are so passionate about fishing!

&ldquo;I would also like to thank In5 team and Dubai Internet City for their continual support.&rdquo;

Whatley added: &ldquo;I&rsquo;m really excited about my investment and advisory role with FishFishMe. In a very fragmented industry I feel that this site is poised to help both sides of the business and hopefully my experience with a large C2C business can help accomplish that.&rdquo;

Ahmad said: &ldquo;FishFishMe is one of the most promising travel start-ups in the region and I&rsquo;m equally excited for its next phase of growth.&rdquo;

For more information and to book a trip, visit&nbsp;<a href="http://www.fishfishme.com/" target="_blank">www.fishfishme.com</a>.

FishFishMe raises $200,000 in funding

AppyParking, the kerbside management and mobility technology firm that is transforming parking for motorists and empowering local authorities and car park operators to better manage their assets, announced that the company has just closed a &pound;7.6 million Series A round.

The funding round includes new strategic investment from Hyundai Motor Company and Sumitomo Corporation. It was led by West Hill Capital, the London based venture capital firm, with participation from existing investors Aviva Ventures and Breed Reply. The investment brings AppyParking&rsquo;s total funding since launch to over &pound;11 million and will enable the company to accelerate product development, support domestic and international growth and continue to expand their talented team.

Founded in 2013 with the launch of their award-winning smart parking app, AppyParking is on a mission to make parking forgettable and help prepare cities for the rise of autonomous vehicles. They were the first company in the world to focus on the need to create a &lsquo;digital infrastructure twin&rsquo; of all kerbside restrictions to enable better access for all types of road-users. Last year the company began mapping all of Greater London&rsquo;s restricted road network in high definition, up to an accuracy of 3cm. AppyParking now hosts the largest dataset of the UK&rsquo;s kerbside restrictions which is aligned with the recently announced data standard by the Alliance of Parking Data Standards (APDS), with over 400 towns and cities forecasted to be mapped by the end of this year.

Dan Hubert, Founder and CEO of AppyParking: &ldquo;Across the world &lsquo;Smart City&rsquo; projects are underway to develop autonomous vehicle and intelligent mobility solutions to help save our cities from grinding to a standstill. The challenge is real and technological innovation is racing ahead of the legacy infrastructure in place to manage a key piece of city real estate &ndash; the kerb. By empowering local authorities with the tools that help them better manage and open up their kerbside, we&rsquo;re helping them to address key issues like congestion and air quality, whilst also laying the future foundations for truly sustainable intelligent mobility. It&rsquo;s a real achievement for the whole team to secure this investment and I&rsquo;m extremely excited to have Hyundai and Sumitomo on board to support our mission. Work is already underway to take our mission global as we aim to make the humble kerb work for everyone, and help cities thrive.&rdquo;

Takashi Yamana, President and CEO of Sumitomo Corporation Europe, commented: &ldquo;With existing mobility service across the Nordic region and &lsquo;Smart City&rsquo; projects in Europe and Asia, we expect through this investment we can harness AppyParking&rsquo;s technology and innovative approach to support these existing businesses, whilst of course helping accelerate their growth internationally.&rdquo;

Dr. Yun-seong Hwang, Vice President of Hyundai Motor Company added: &ldquo;We believe that parking and kerbside access are key components to enable the full potential of any future mobility strategy. We recognize that AppyParking&rsquo;s competencies and technology could solve important parts of the mobility ecosystem and this aligns with Hyundai&rsquo;s strategic vision.&rdquo;

About AppyParking

AppyParking is on a mission to make parking a truly forgettable experience. We understand how fragmented infrastructures and stand-alone solutions cause stress and hassle for the most mundane of daily tasks, like finding and paying for a parking space. We know there&rsquo;s a better way of doing things and so we&rsquo;re building innovative and future-ready solutions from the bottom up, to improve the way parking is accessed and managed.

Our holistic kerbside management platform provides a &lsquo;future of mobility&rsquo; conduit between the private and public sector, ensuring standardised kerbside data can flow between local authorities and mobility operators, unlocking the barriers that hinder the adoption of intelligent mobility solutions and ultimately make the kerb work for everyone, physically, socially and commercially.

For more information, visit&nbsp;<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fappyparking.com%2F&amp;esheet=52013449&amp;newsitemid=20190716005177&amp;lan=en-US&amp;anchor=appyparking.com&amp;index=1&amp;md5=4b05f035459044cbd507c23de4d5ce98" target="_blank">appyparking.com</a>

AppyParking Closes £7.6 Million Series A Funding

Parking app, AppyParking raised a further &pound;2.25 million in funding from major investor Aviva Ventures and from new shareholder, Breed Reply. The new funding will go into AppyParking&rsquo;s plans for expansion as it eyes more UK cities.

Founded in 2013 by CEO Dan Hubert,&nbsp;<a href="http://www.appyparking.com/">AppyParking</a>&nbsp;was initially a London-focused app that helped drivers find the cheapest on and off&ndash;street parking, and display what restrictions and tariffs apply. Now the app can be used in 20 UK cities, including Birmingham, Edinburgh and Manchester. With its sights set on making Britain&rsquo;s vision for autonomous vehicles a reality, AppyParking is now taking the lead to address the fundamental gap between the public and private sector that is standing in the way. AppyParking&rsquo;s Smart City dashboard was launched to this end.

Last month, AppyParking launched One Click Parking, the world&rsquo;s first pay-as-you-park connected car solution that aims to reduce average time to park from 20 minutes to 30 seconds, taking out parking fines and supporting cleaner air initiatives. The feature will roll-out nationwide in 2018.

&ldquo;To receive this funding from Aviva, the UK&rsquo;s largest car insurer and Breed Reply is a great endorsement of all the work my team have done so far,&rdquo; says Hubert.

People are already using a variety of technologies in their car to make driving simpler and safer, says Ben Luckett, managing director at major investor, Aviva Investors. &ldquo;AppyParking has a great solution that uses data in an innovative way to take away the pain of parking in cities around the world. We see data-driven solutions like theirs will play an increasingly important role as we move to a world of autonomous and connected vehicles. We look forward to working with the team at AppyParking as they grow the business further across the UK.&rdquo;

New investor, Breed Reply is an&nbsp;operational investor in early stage IoT businesses. &ldquo;AppyParking has quickly established itself as a must have app for drivers but also has exciting applications in terms of fleet management and helping the creation of smart cities,&rdquo; says Breed Reply CEO Emanuele Angelidis. &ldquo;Dan and the team have done a brilliant job so far and we are excited about helping them grow and deliver their ambitious plans for the business.&rdquo;

AppyParking raises an additional £2.25m in funding from Aviva Ventures

London-based addressing platform&nbsp;startup,&nbsp;<a href="https://www.crunchbase.com/organization/what3words#/entity" target="_blank">what3words</a>, which has created&nbsp;a universal postcode/zip code alternative aimed at&nbsp;simplifying&nbsp;location sharing, has taken in new funding round led by&nbsp;logistics company Aramex.

Its lead investor is&nbsp;intending to use the&nbsp;system in&nbsp;its ecommerce fulfilment operations across the Middle East, Asia, and Africa. And the Series B funding will in part go towards&nbsp;supporting the launch of an Arabic version of its addressing system.

The $8.5 million Series B round also included investment from existing investors Intel Capital, with&nbsp;UK&nbsp;funds Force Over Mass Capital and Mustard Seed also participating.&nbsp;The startup last raised in&nbsp;<a href="https://techcrunch.com/2015/11/03/what3words-series-a/" target="_blank">November 2015</a>&nbsp;when it closed a&nbsp;$3.5 million Series A. It&rsquo;s now raised some $13.5 million to date.

&nbsp;

what3words&rsquo; core&nbsp;idea was to replace&nbsp;zip codes/postcodes with a universal and more accurate alternative by carving the global map up into trillions&nbsp;of 3m x 3m squares and assigning each a unique string of three words (hence its name).

So instead of an easily confused, difficult to memorize string of letters and numbers or numbers, addressing what3words style looks more like this:&nbsp;<a href="https://map.what3words.com/Calle+de+Fuencarral,+Madrid,+Comunidad+de+Madrid,+ESP" target="_blank">rocket.talents.pans</a>. It also has multiple versions of the system for different languages &mdash; with support for 10 languages at this point.

As well as promising to improve location accuracy and increase delivery logistics efficiency, the&nbsp;big opportunity the startup&nbsp;has stumbled&nbsp;upon is offering&nbsp;location certainty in parts of the world where there is none, or far less, noting for example&nbsp;on its website that: &ldquo;Around 75% of the world suffers from inconsistent, complicated, poor or no addressing systems. In total 4 billion people around the world don&rsquo;t have an address.&rdquo;

Back in May&nbsp;Mongolia&rsquo;s state-owned postal delivery service Mongol Post adopted what3words as a national addressing standard, given its lack of a&nbsp;consistent addressing system. The country has some three million citizens, almost a third&nbsp;of whom are nomadic, roaming an area of more than 1.5 million square kilometres &mdash; making it a near perfect fit for what3words&rsquo; reworked location mapping.

&nbsp;

The startup&rsquo;s initial attempts to monetize their big idea&nbsp;focused on trying to sell&nbsp;single word location options to people who might want a custom location badge. The logistics optimization use-case is clearly a far larger and more appropriate&nbsp;opportunity.

It&nbsp;takes revenue now by licensing three word addresses to latitude and longitude conversion tools, delivery/courier and logistics software providers, noting&nbsp;that in&nbsp;the past few months logistics software provider Blackbay, address verification platform&nbsp;Allies, and a supplier of Ireland&rsquo;s new Eircode system AutoAddress, have all integrated its tech&nbsp;to both boost efficiency and expand their range of customer delivery points.

It also touts having helped UK firm Direct Today Couriers reduce&nbsp;the number of failed deliveries by 83 per cent.

The startup says other plans for&nbsp;the new investment including&nbsp;launching a voice recognition product&nbsp;in the smartphone, wearables and automotive sectors &mdash; allowing for location sharing to be verbal to further increase efficiencies.

&nbsp;

And it&rsquo;s planning to develop the addressing system in&nbsp;several Asian languages. Growing its team and&nbsp;further global expansion are also on the cards.

Addressing platform what3words closes $8.5M Series B led by logistics firm Aramex

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