Series C

Series D

Pre-Seed

Debt Financing

Series A

Grant

Series B

Others

Sharjah

Seed

Tushar Singhvi

Ghada Abdelkader

Nimish Shah

Ananth Achanta

Siddharth Havaldar

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Investment in Startup

Crescent Enterprises Venture Capital: Leading investments in E-Commerce. Explore their portfolio and funding activity on Lucidity Insights.

Crescent Enterprises Venture Capital

E-Commerce

Healthcare

Support & Management Services

CE-Ventures is the corporate venture capital platform of Crescent Enterprises, focusing on strategic investments in early- to late-stage high-growth companies and select venture funds globally.

Dubai

Kitopi

Cloud Kitchen

Foodtech

Kitopi is a cloud kitchen platform that offers innovative and scalable solutions to restaurants looking to optimise their operations and expand their delivery services.

Freshtohome

Bangalore

Furlenco

Home Decor

Furniture

Rental

Furlenco is a unique furniture company that aims to provide hassle-free access to awesome furniture, with freedom of choice, access, and the ability to change furniture.

Mumbai

Servify

Software Dev/Test

Endeavor BioMedicines

Series E

Trifacta

AI/IoT

Vezeeta

Medical

Software

Healthtech

Provides patients with a digital healthcare booking platform and management software.

Turtlemint

Finance

Turtlemint is an insurtech platform that identifies and purchases appropriate insurance policies for consumers.

Istanbul

Post-IPO Debt

Martı

Transportation

Electric Vehicle

Mobile Apps

Ride Sharing

Martı is a mobile apps offering ride-hailing and shared micro-mobility services. Through a single app, users can locate and rent e-scooters, e-bikes, and e-mopeds, supported by proprietary IoT infrastructure.

Copenhagen

Freya Biosciences

Women's

Biotechnology

Freya is a clinical-stage firm that is adopting a novel approach to women's health. With microbial immunotherapies designed to alleviate the chronic inflammation at the root of a variety of reproductive system disorders that specifically affect women.

California

Anomali

EdCast

Exeliom Biosciences

Tara AI

ColubrisMX

xCath

NirogStreet

Bookends

Retail & Wholesale

B Capital Group

Bov Capital

Cohesity

Connect RN

Didi Chuxing

Hippo Insurance

Fintech

Nerdwallet

Pinterest

Prenav

Prime Medicine

Transcorp International

Union Pay

Vicarious

Vezeeta, a healthcare platform operating in the Middle East and Africa, has raised a $40 Million Series D funding round led by UAE-based Gulf Capital, alongside further investment from existing Riyadh-based investor Saudi Technology Ventures (STV), which previously led Vezeeta’s Series C round in September 2018. Vezeeta’s other investors include BECO Capital, Silicon Badia, Vostok New Ventures, Crescent Enterprises’ CE-Ventures and Endeavour Catalyst. Prior to this raise, the company had raised $23M, so this latest news takes its total to $63M. Alvaro Abella, a director at Gulf Capital, joins the board.

It now plans to roll out new products, such as an online pharmacy, as well as ‘tele-health’ services across its existing footprint and new markets.

This is one of the largest funding rounds of any tech startup in the Middle East and Africa to date. The startup has become something of a MENA success story by allowing patients to effectively see Uber-style ratings for healthcare providers, thus encouraging the providers to improve their services. It puts the power in the hands of patients (vs providers) by giving them the ability to search, book, rate, and review healthcare providers.

Middle East healthcare platform Vezeeta raises $40M Series D led by Gulf Capital

One of the major structural issues in the Middle East is the lack of consistent healthcare across the region. So this market was clearly waiting to be disrupted by technology.

In 2011 Vezeeta came along to change that. Launched initially in Cairo as a sort of “Uber for Ambulances”, it has since expanded to cover a wide area of the MENA population across several cities, and now provides a much wider range of health services to both patients and healthcare professionals (and is also appearing at next month’s Startup Battlefield MENA in Beirut).

By solving the ambulance problem, it reversed backwards inside the healthcare systems to provide a free of charge medical search platform for end users by integrating information about medical practices and doctors’ individual schedules. This scheduling system is provided on a paid subscription basis for medical personnel, allowing users to find a free slot in a doctor’s schedule and make appointments. And it’s gradually going well beyond that.

Vezeeta, has today announced a Series C investment of $12M led by Saudi Technology Ventures, the largest VC fund in the region. Joining the round are existing investors: BECO Capital (UAE), Vostok New Ventures (Sweden) and Silicon Badia (Jordan), along with new investor Crescent Enterprises’ CE-Ventures (UAE). Vezeeta says the financing will be used to fund its continued expansion primarily in (the increasingly more open) Saudi Arabia and for further investments in key new products.

Competition-wise Vezeeta is in a good place with only smaller players like Dabadoc in Morocco which are usually very region-locked. Vezeeta has alone succeeded in expanding across the whole region.

Vezeeta, the leading MENA healthcare startup, secures $12M Series C led by STV

Vezeeta, a healthcare platform in the Middle East and Africa, has raised $40 million in a Series D funding round led by UAE-based Gulf Capital, with participation from existing investor Saudi Technology Ventures (STV) and others. This brings Vezeeta's total funding to $63 million. The company plans to launch new products, including an online pharmacy and tele-health services, and expand into new markets. Alvaro Abella from Gulf Capital joins the board.

Vezeeta raises $40 million in Series D

Egyptian healthtech company Vezeeta has raised $40 million in a Series D funding round led by Gulf Capital, with participation from existing investor Saudi Technology Ventures (STV). The company plans to use the funds to expand its product portfolio globally and enhance its digital capabilities, including epharmacy and tele-health services. Vezeeta operates in 50 cities across Egypt, Saudi Arabia, Jordan, and Lebanon, and has raised over $63 million since its inception in 2012.

Egypt’s Vezeeta raises $40m in Series-D round

UAE-based cloud kitchen platform Kitopi, has raised $60 million, closing its Series B round of funding. The round was led by Knollwood and Lumia Capital with further participation from new and existing global investors, namely BECO, CE-Ventures, GIC, Rise Capital, Reshape, Global Ventures and Wilshire Lane Partners.

Kitopi raises $60 million to close Series B

Kitopi, a cloud kitchen brand based in Dubai and New York, raised $60 million in a Series B funding round led by Knollwood and Lumia Capital, with participation from existing and new investors. This follows a $27.2 million Series A in 2018. The funds will be used to open 50 new kitchens in the U.S. and 100 globally by the end of 2020. Kitopi operates 30 kitchens and offers services like order aggregation and food preparation for delivery, using its Smart Kitchen Operating System (SKOS).

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Kitopi, a leading managed cloud kitchen platform, raised $60 million in its Series B funding round led by Knollwood and Lumia Capital, with participation from investors like BECO, CE-Ventures, GIC, and others. The funds will be used to expand Kitopi's operations with 50 more locations in the US and 100 globally by the end of 2020, and to further develop its in-house applications to enhance kitchen efficiency. Kitopi currently operates 30 kitchens globally and partners with over 100 restaurants.

Kitopi raises $60 million in Series B funding

Dubai-based cloud kitchen company Kitopi raised $60 million in a Series A funding round to support its global expansion plans. The company aims to add 100 new locations to its existing 30 in the Gulf, US, and UK, with half of the new locations planned for the US. The funding round was led by US firms Knollwood Investment Advisory and Lumia Capital, with participation from existing investors such as MSA Capital, Beco Capital, Global Ventures, CE-Ventures, and Gulf Investment Corporation. Kitopi plans to use the funds to expand its geographical footprint and invest in software technology to enhance operational efficiency.

Dubai cloud kitchen company Kitopi raises $60m to fuel global expansion

Crescent Enterprises Venture Capital

Funding Deals, by Startup Growth Stage

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We Invest in Startups in the Following Stages

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Top 4 sectors we invest in

Portfolio Companies
or Investments

Executive Team Members

Crescent Enterprises Venture Capital

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 4 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

Portfolio Companies
or Investments