Others

Seed

Series B

Series A

Series C

Unknown Series Round

Pre-Series A

Beirut

Pre-Seed

Ghaith Yafi

Abdallah Yafi

Ziad Debbas

If you're ready to take your business to the next level with B&Y Venture Partners, we want to hear your pitch.

Investment in Startup

Find B&Y Venture Partners's investment focus and portfolio highlights in technology. Insights available on Lucidity Insights.

BY Venture Partners

B&Y Venture Partners is a venture capital fund that invests in early-stage technology startups, providing support to great entrepreneurs beyond just financial backing.

Bazaar Technologies

Dubai

Huspy

Fintech

Proptech

Real Estate

Financial Services

Huspy is a proptech company that simplifies the home financing process.

Traveazy (Umrahme & Holidayme)

Travel

Tourism

Leisure

Traveazy Investments PTE. LTD, established in 2014 is headquartered in Dubai (UAE) and has presence in Pune (India), Jeddah (KSA) and Cairo (Egypt). Over the years we have built tailored solutions that helped airlines, hotels, travel agencies & agents improve the travel experience for millions of our happy customers. We have won multiple awardsand have repeatedly been recognized in the travel and start-up community in GCC. We offer B2B/ B2C products (Umrah and leisure packages) through our two brands “Holidayme” and “Umrahme.”
At Traveazy we strive to achieve outstanding results in a competitive market, work as partners and are committed to provide best-in-class service to our customers.

Toters

Food Delivery

Stake

Residential

Crowdfunding

Stake is a digital real estate investment platform providing the easiest and most transparent way to invest in income-generating properties, starting in Dubai. Its mission is to make investing in real estate accessible and profitable for all.

iKcon

Food and Beverage

iKcon, UAE-based tech-enabled cloud kitchen operator that procures, cooks, and delivers food on behalf of restaurants and brand owners, was acquired by REEF in 2021.

Seez

E-Commerce

Artificial Intelligence

Automotive

Machine Learning

Seez is a data-first retail platform for automotive buying and selling services. The Seez mobile app for car shoppers offers a smart search engine for online car listings, as well as proprietary, AI-powered tools, and services that make the car shopping journey faster, easier, and more efficient.

Abu Dhabi

Debt Financing

DHARMA

Hospitality

DHARMA transforms the world’s most inspiring intellectual properties into immersive experiences. We partner with global distributors and local operators to bring them to market at scale.

Mamo Pay

Digital Payments

Payment

Payments

Mobile Payments

Full-stack payment services platform for SMEs. First local UAE startup regulated by the Dubai Financial Services Authority ("DFSA"). Mamo’s ambition is to accelerate the MENA region towards digital payments and champion financial inclusion and literacy across economically diverse communities.

Mamopay

Invoice Financing

Mamo transforms businesses by helping them consolidate payment collection, corporate cards, and expense management in one beautiful, intuitive platform.

FADEL

IT & Communication

Zbooni

Software

Apps

Zbooni gives your customers the power to browse, and even buy your products directly through chat. Selling your products online has never been easier or more personal. With Zbooni’s social commerce app, you get one complete platform to run your business and reach customers wherever they are.

Learnerbly

Education

Hoken

Lahore

Bookme.pk

Ticketing

Make advance bookings with Bookme.pk, the leading travel and e-ticketing platform that offers a convenient solution for booking bus tickets, flights, movies, cricket matches, and events.

MUNCH:ON

Information Technology

Delivery Services

one of the region’s fastest-growing food delivery apps, providing home and office addresses with a quick and convenient way of ordering a variety of meals at a fraction of the cost.

Scalefast

AI/IoT

Finverity

Washmen

Mobile Apps

Laundry and Dry-Cleaning

Washmen is an application for dry cleaning and laundry service that picks up and delivers straight to your doorstep

MYKI

Support & Management Services

IslamicFinanceGuru

Finance

Roadie Music by Band Industries

Shazura

Monito

Sohati

Healthcare

Bridged Media

Cherpa

Veem

Bidvine

Marketplace

Oktopi

EdTech

E-Learning

Oktopi is a cohort-based Teaching Management Platform that allows educators to build advanced online classes with ease.

UAE-based Zbooni has raised $1.1 million in a seed funding round led by the Chalhoub Group and B&Y Venture Partners. The company plans to use the funds to grow its business, which helps merchants conduct transactions via social media and chat services like WhatsApp, Instagram, and Facebook.

UAE-based Zbooni raises 1.1 million

UAE e-commerce app Zbooni raised $1.1 million in a Seed funding round to support its expansion. The investment was secured from Chalhoub Group and B&Y Venture Partners. Zbooni, launched in 2017, connects merchants with customers through social media and messaging platforms, facilitating transactions without the need for buyers to download the app. The company targets SMEs and casual merchants, offering a 3.5% transaction fee and partnerships with Payfort and Stripe.

UAE e-commerce app Zbooni raises $1.1m to fund expansion

UAE-based travel brand as a service startup Dharma has raised $3.5 million led by Convivialite Ventures with additional backing from Mubadala Capital's Hub71.

Travel brand as a service platform Dharma launches after raising $3.5 million

Oktopi - BY Venture Partners' Portfolio

iKcon, a Dubai-based ghost kitchen provider, raised $20 million in Series A funding led by Mohamed Yousuf Naghi Group, AlTouq Group, Derayah Ventures, B&Y Venture Partners, AbdulMohsin Al Houkair Holding Group, and Nazer Group. The funds will be used to expand iKcon's ghost-kitchen-as-a-service model to new markets, starting with Saudi Arabia, and to enhance its proprietary technology for better quality and consistency in food delivery. iKcon currently operates 15 cloud kitchens in the UAE and plans to increase this to 50.

iKcon Raises $20M to Expand Its Ghost Kitchen Network

iKcon, a cloud kitchen platform, raised $20 million in a Series A funding round to expand its operations in Saudi Arabia and the broader region. This round brings iKcon's total funding to $32 million. The company plans to grow its network to 50 cloud kitchens and enhance its technology for data analytics and AI. Investors include AlTouq Group, Nazer Group Holding Company, and Mohamed Yousuf Naghi & Brothers Group.

Cloud kitchen platform iKcon raises $20 million Series A to expand its KSA and regional coverage

Dubai-based cloud kitchen operator iKcon has raised $20 million in a Series A funding round. The investment was led by Mohamed Yousuf Naghi Group, AlTouq Group, Derayah Ventures, B&Y Venture Partners, AbdulMohsin Al Houkair Holding Group, and Nazer Group, bringing iKcon's total funding to $32 million. Founded in 2019, iKcon operates 14 kitchens and plans to expand to 50, with a focus on regional expansion into Saudi Arabia. The funds will be used to accelerate expansion plans and develop iKcon's technology stack.

Dubai’s iKcon raises $20 million Series A to expand its ‘cloud-kitchen-as-a-service’ platform to Saudi

iKcon, a Dubai-based cloud kitchen platform, raised $20 million in a Series A funding round. The funds will be used to expand into Saudi Arabia and other regional markets, as well as to develop iKcon's proprietary technology. The company plans to grow its network to 50 cloud kitchens. Key investors include MYN Group and Derayah Ventures.

iKcon Series A funding of $20M

Washmen, a Dubai-based dry cleaning and laundry service, raised $6.2 million in its Series B funding round. The round was led by AddVenture, with participation from Henkel, Cedar Mundi Ventures, B&Y Partners, and Clara Ventures. This brings Washmen's total funding to $7.8 million. The company, founded in 2015, has shifted from an asset-light model to owning its supply chain, including a new 30,000 square feet facility. Washmen offers laundry services through a mobile app with a 48-hour turnaround time.

Washmen raises $6.2 million Series B

Huspy, a UAE-based proptech company, raised $37 million in a Series A funding round led by Sequoia Capital India. Other participants included Founders Fund, Fifth Wall, Chimera Capital, Breyer Capital, VentureFriends, COTU, Venture Souq, and BY Venture Partners. The funding will be used to expand across Europe, the Middle East, and Africa, develop technology, and enhance its property marketplace. Huspy aims to redefine homeownership in the EMEA region and has reached $2 billion in annualized GMV.

Huspy raises $37 million Series A led by Sequoia Capital India

United Arab Emirates-based digital property financing firm Huspy has raised $37 million in a Series A funding round. The capital will be used to invest in technology development and pursue growth in the UAE, Spain, and across Europe.

EMEA Daily: UAE PropTech Startup Huspy Raises $37M

If you walked into a Dubai bank to apply for a mortgage in 2020, chances are you’d spend months buried in paperwork or face a huge price discrepancy when it came to listings. Such experiences led Jad Antoun to start Huspy, a startup streamlining how people in the UAE buy homes digitally.

Over the past five years, the company has grown into one of the largest proptechs in the UAE, and has expanded into Spain, by providing digital tools for finding homes and obtaining mortgages.


Huspy just closed a $59 million Series B to double down on operations across the Middle East and expand its European presence, led by existing investor Balderton Capital.

In 2022, Huspy raised over $40 million in Series A and an extension from a who’s who of global investors, including Balderton Capital, Founders Fund, and Peak XV Partners (formerly Sequoia Capital India & SEA).

Other investors include ExBorder Partners, Turmeric Capital, COTU Ventures, BY Ventures, Dara Management, and KE Partners. The new capital will fuel Huspy’s continued growth in the UAE and Spain and support its launch in Saudi Arabia, Antoun told TechCrunch in an interview.


This investment is significant because proptech has been a tough sector over the past couple of years. Companies like Opendoor and Compass have struggled to maintain valuations and profitability amid higher U.S. interest rates. Many startups have also burned through cash and struggled.

Huspy has “built a repeatable and efficient playbook for city launches, and their pace of innovation — especially around AI tools for brokers and agents — continues to raise the bar for the entire industry,” said Rana Yared, general partner at Balderton Capital.

Antoun said he learned through his first market in the UAE how to target pain points in a country’s mortgage process. He struck partnerships with leading banks and introduced digital pre-approvals on a platform connecting brokers and borrowers.

Sequoia Capital India and Founders Fund back UAE-based proptech startup Huspy in its $37M round

Within three years, the company says it captured 30% of the UAE mortgage market (25% in Dubai, one of the world’s most active real estate markets). That traction, and the exclusive banking relationships it built as a result, became a springboard for expansion.

In 2022, it began scaling into Spain, a fragmented real estate market with over 100,000 registered agents, according to Antoun.


Rather than owning inventory like iBuyer models or operating as a traditional brokerage, Huspy runs a network-based model across the UAE and Spain. Freelance agents use the platform to access property leads from marketplaces like Property Finder and Idealista, while Huspy provides CRM tools, transaction support, and integrated mortgage products through its banking partners.

It’s a low-overhead approach that resembles Uber for real estate more than Zillow.

Antoun, previously on the investment team at Dubai-based early-stage VC Beco Capital, and deputy CEO Ziad Nassar, who leads Huspy’s European expansion, believe the company has found a repeatable model that will be hard to replicate: enter mid-sized cities with high transaction volume and low agent efficiency, build supply through marketplace partnerships, onboard top-performing agents onto the platform, and layer in mortgage distribution.


In under a year, Huspy claims to be one of the top three real estate companies in Valencia by transaction volume. It already operates in six cities across Spain, where it claims over 20x year-on-year growth.

“I think it’s going to be difficult for someone to compete on the mortgage product specifically across both markets,” said Antoun. “We’ve just been here longer, and in Spain, we have better efficiency.”

Antoun says the startup has helped over 25,000 people buy homes across its markets and has grown revenue more than 10x since 2022. The platform, which earns revenue through commissions and success fees, usually from real estate agents and banks, facilitates over $7 billion in transactions.

Over the next four years, the company plans to launch in most major cities across Europe and the Middle East, a region currently having its proptech moment, with another major player, Nawy, also raising a significant round this year. Huspy plans to operate in over 10 cities by the end of 2025.

UAE proptech Huspy raises $59M to scale in Europe

DUBAI, UAE and MADRID, July 8, 2025 /PRNewswire/ -- Huspy (www.huspy.com), the proptech company reshaping home buying experiences from the Middle East to Europe, today announced the close of a $59 million Series B funding round, led by returning investor, Balderton Capital, one of Europe's leading venture firms. The round also saw participation for a third time from Peak XV (formerly Sequoia Capital India and Southeast Asia), as well as ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, COTU Ventures and KE Partners.

Huspy raises $59 million Series B led by Balderton Capital to accelerate expansion across Europe and the Middle Eas

Seez, a Lebanese automotive marketplace, has raised a $1 million seed extension round led by B&Y Venture Partners and Phoenician Funds. The funding will be used to expand geographically and launch new product lines to enhance the car search and buying process. Seez, founded in 2015, operates in the UAE and Kuwait and uses AI to automate car searches. The company has raised a total of $2.8 million to date.

Seez raises a $1M SEED extension round

Stake, a UAE-based proptech company, raised $8 million in a pre-Series A funding round led by MEVP and BY Ventures, with participation from Vivium Holding and Combined Growth Real Estate. The funds will be used to advance Stake's product and technology, expand operations in the MENA region, and enter new markets such as Saudi Arabia and Egypt by Q1 2023. This round follows a $4 million Seed round in June 2021, bringing total funds raised to $12 million. Stake aims to democratize real estate investment and has seen significant growth in users and assets under management.

Stake raises $8 million pre-Series A round

Stake, a Dubai-based digital real estate fintech platform, raised $8 million in an oversubscribed pre-series A funding round. The funding was backed by MEVP, BY Ventures, Vivium Holding, and Combined Growth Real Estate. Stake plans to use the funds to expand into Saudi Arabia and Egypt in early 2023, enhance its products and technologies, and grow its brand. The company has raised over $12 million in total, including a previous $4 million seed round in June 2021.

Real estate fintech platform Stake raises $8m in pre-series A funding ahead of KSA debut

Online Travel Gobi Bets on Middle East Player Holidayme to Unlock Asia’s Muslim Travel Market Raini Hamdi November 26th, 2018 at 9:00 AM EST Photo Credit: Online travel agency Holidayme has raised $16 million in funding to expand outside its Middle East turf into Asia. Holidayme Skift Take Holidayme has scooped up $16 million in new investment from Gobi. But can the UAE eagle soar in Asian skies where Tripfez, Gobi’s first investment in the Muslim travel space, had barely tapped the potential of the market? Share Online travel agency Holidayme has raised $16 million in funding to expand outside its Middle East turf into Asia, and has bought the tiny Malaysian online booking platform for Muslim-friendly hotels, Tripfez, which will cease to exist and be converted to Holidayme. The Series C funding round, led by Kuala Lumpur-based venture capital firm Gobi Partners and announced late last week, brings Holidayme’s total raise since inception in 2014 to just under $39 million. Gobi is on the prowl in what it terms the "TaqwaTech" space that includes players that provide products and services for Muslims. Just before this, in mid-November, it led a Series A funding round of $1.5 million in online travel agency Sastaticket in Pakistan, which has the second largest number of Muslims in the world after Indonesia. But its first muslim-focused investment was Tripfez, with a sum of $750,000, in 2016. Tripfez came into the market in 2013, a year ahead of Holidayme. Its home base, Malaysia, has a population of 33 million, over 60 percent of whom are Muslims, while neighboring Indonesia has 265 million people, 87 percent of whom are Muslims, according to the 2010 census. By comparison, Holidayme’s catchment area, the United Arab Emirates, comprises just 9.5 million people, with Islam as the official religion. The biggest populations are in Dubai, Sharjah and Abu Dhabi, capital city of the federation. Holidayme has grown to a staff of 280; Tripfez just 25. Having positioned itself in the UAE as a leading online travel platform, Holidayme has started to venture into Saudi Arabia. “Given this funding, we’ll be making a bigger thrust into Saudi and Malaysia, b

Gobi Bets on Middle East Player Holidayme to Unlock Asia’s Muslim Travel Market

HolidayMe raises $16 million Series C News • 21 November, 2018 Image courtesy of HolidayMe Source: MENAbytes Dubai-based HolidayMe has raised $16 million Series C in a round led by China’s Gobi Partners and joined by India’s Accel Partners, UAE’s Global Ventures, Egypt’s largest VC Algebra Ventures, and Lebanon-based B&Y Venture Partners, the company announced today, adding that it is merging with Tripfez, a Malaysian Muslim-friendly OTA (online travel agency) to expand its global footprint and form one of the largest Muslim-friendly OTAs. The news that was announced at a Gobi event in Kuala Lumpur comes only eight months after HolidayMe raised $12 million Series B in March earlier this year. Founded in 2014 by Geet Bhalla and Digvijay Pratap, HolidayMe specializes in customized holiday packages for travelers across the Middle East region but also offers hotels and flights, like any other OTA. HolidayMe has recently also rolled out an Umrah offering that allows travels from almost twenty cities across the world to buy Umrah packages and the visa. The users have option to customize their holiday or Umrah packages by choosing between different types of hotels, airlines, activities and transport services, which enables them to lower the cost. During the last few years, the company has grown substantially in terms of scale and operations, with a GMV (Gross Merchandise Value) growth rate of 127% YoY, and a transactions growth rate of 163% YoY. After merger with Tripfez, HolidayMe will be expanding into ASEAN, which is an existing Gobi portfolio company, having received $750,000 in a round led by them in 2016. Tripfez according to the statement was launched in 2016 but the publicly available data suggest notes that the company was founded in 2013. Continue reading this story المؤلف: News Series C ecommerce

HolidayMe raises $16 million Series C

_Press Release_
* * 
Dubai, November 21 2018*
The announcement was made at Gobi’s event, TaqwaTech: Empowering Muslims in the Tech World, which was held at co-working space DOJO KL in the heart of the capital city. The firm gathered an audience of entrepreneurs, government bodies and the public who are interested in the TaqwaTech sector to discuss its potential and the latest ideas and innovations emerging from the space.
Launched in November 2014, Holidayme is an OTA that offers on-the-fly customized travel solutions to travelers across the Middle East, aiming to solve several pain points faced by their users, such as an inefficient booking process and a lack of dedicated platforms for Muslim- friendly holiday packages and hotels. The company provides a dynamic packaging solution which enables users to lower costs by building their own package, including flights, hotels, activities and transport services. Over the past few years, Holidayme has grown substantially in terms of scale and operations, with a GMV growth rate of 127% YoY, and a transactions growth rate of 163% YoY.
Holidayme will be expanding into ASEAN with Tripfez, an existing Gobi portfolio company. Launched in November 2016, Tripfez helps Muslim travelers make observant choices and book a stay that is catered to both their religious and personal needs. The company’s patented Salam Standard certification process reviews hotels and scores them according to how Muslim- friendly their rooms and amenities are. The platform is essentially a marketplace that connects mindful Muslim travelers and Muslim-friendly hotels. For hoteliers, Tripfez provides the opportunity to be seen by millions of Muslim travel goers and easily reach out those who are looking for a stay that suits their lifestyle.
Speaking on the merger, Geet Bhalla, Co-founder and Chief Executive Officer (CEO) of Holidayme said, “At Holidayme, we have continued to provide our customers with next generation technology and user experience for their travel booking requirements. After experiencing phenomenal growth in the Middle East, the merger with Tripfez marks an extension of our business into Southeast Asia. We are focused on providing a niche product carved towards the travel requirements of 1.8 billion Muslims globally, and Southeast Asia is key to that plan.”
Faeez Fadhlillah, Co-founder of Tripfez, said, “This merger is a major milestone in the ongoing development of the fast-growing Muslim travel and tourism sector. Tripfez and Holidayme are dedicated to delivering the finest online travel booking services to the global Muslim community. This is being fuelled by increasingly affluent Muslim populations in Asia and the Middle East where all generations, particularly Millennials, have a strong appetite for travel and where our two companies command a large market share.”
The merger between the two OTAs marks Gobi’s second TaqwaTech investment in 2018, after the funding of Sastaticket.pk, which was announced earlier this month. Thomas G. Tsao, Founding Partner of the firm, commented on the deal stating that, "When Faeez and Geet approached me with their plan to come together and scale across multiple Muslim economies, I became very excited. This is one of the biggest opportunities in the travel space. This merger will serve as a catalyst that energizes an entire generation of TaqwaTech entrepreneurs.”
Mohammed M.S Bin Mahfouz, CEO of Holidayme’s Umrah Business said, “Holidayme and Tripfez are also building a next generation Umrah solution that is focusing on catering to the 30 million potential Umrah visitors by 2030, so there’s a lot to look forward to with this merger.”
Holidayme and Tripfez will be working to roll out this solution in Malaysia and subsequently Indonesia. Holidayme will also leverage on Tripfez’s Salam Standard data, which includes over 27,000 restaurants, and over 93,000 hotels. The company will integrate Salam Standard into their platform.

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