Pre-Seed

Seed

Series A

Series B

Others

Debt Financing

Dubai

William Chappell

Hans Henrik Christensen

Julien Plouzeau

If you're ready to take your business to the next level with Dtec Ventures, we want to hear your pitch.

Investment in Startup

Explore DTEC Ventures in Dubai, a Dubai Silicon Oasis initiative offering 100% ownership. Check The Exclusive insights at Lucidity Insights.

Dtec Ventures

E-Commerce

Finance

Software Dev/Test

Real Estate

Digital & ICT

Other

Art-Media-Entertainment

NFT/Crypto

Dtec, an initiative of Dubai Silicon Oasis Authority, facilitates easy and convenient business setup in Dubai, offering 100% ownership, streamlined visa processing, 24/7 access, high-speed wifi, and a variety of creative meeting and event spaces—all to make the process of establishing a business seamless.

Augmented Reality

Social Network

Digital Media

Virtual Reality

VUZ is a social app that allows users to stream and experience XR and the Metaverse.

Series C

The Luxury Closet

Fashion

The Luxury Closet is an online marketplace for buying, selling, and consigning pre-owned luxury items at discounted prices.

yallacompare

Fintech

Insurance Technology

Yallacompare proves instant comparison in your pocket. Compare a range of insurance and financial products across the UAE.

Ogram

Information Technology

Recruiting

Ogram is an on-demand staffing platform, matching qualified local workers with jobs in Hospitality, Retail, Logistics and more to transform how individuals work and organisations recruit.

Verofax

Software

Pharmaceuticals

Food

Web3

Verofax offers CPG brands economic Digital twin solutions to turn every item interactive for unmatched brand metrics and operational excellence: 
- Lower your cost of acquisition by 70% and grow customer satisfaction with immersive product experience. 
- Boost your promotional ROI up to 100X vs "under-the-cap code" with frictionless validated redemption.
- Acquire 1000X more data points direct from consumers vs walled gardens and achieve impossible NPS scores.

Muscat

eMushrif

AI/IoT

Transportation

eMushrif is bringing IoT technology to school buses enabling automatic attendance marking, visual child check system and detection system to ensure no child left on the school bus. The system also provides school admins and parents with mobile apps to track buses and kids along with important notifications.

Qordoba

Geeks

Consumer Goods

Geeks is an on-demand business that connects the right Geek with businesses and consumers based on time, location, and skill set.

Enhance Fitness

Fitness

Health Care

Wellness

Education

Sports

SaaS

Lifestyle

Personal Health

Training

Enhance fitness offers personal trainers, hotels and gyms with a unique technology software & data stack -- optimizing their business, providing visibility on session quality and delivering convenience to their clients anywhere in the world.

AlgoDriven

Automotive

Insurance

AlgoDriven helps dealers, finance and insurance companies, accurately identify and price used cars.

Ghost Financial

souKare

souKare is a provider of an online store with express shipping available everywhere that sells sports nutrition and contact lenses with the shortest possible delivery times to local customers. The platform of their business provides users with a speedy, simple, and aggravating purchasing experience by offering immune boosters, pharmacies, vitamins,supplements, sports nutrition, corrective lenses, and color contact lenses.

Letswork

Hospitality

Proptech

Marketplace

Commercial & Residential Leasing

Apps

Letswork is a marketplace and membership platform that connects users to on-demand workspaces, private offices and meeting rooms. It is the UAE's largest network of co-working spaces and offers users affordable and flexible workspaces across the country.

STEP Group

Events

Consulting

Advertising

Publishing

STEP Group is a new media company in the Middle East specialized in media, events, and digital publishing. STEP owns and operates the flagship startup conference STEP Conference. STEP also is the publisher StepFeed and Yalla- feed which are digital publications targeting young Arabs.

Clip the Deal

Mobile Apps

Retail

Clip the Deal is a Marketing Technology platform for tracking offline grocery retail. Available as a mobile app, Clip the Deal is a comprehensive, one stop customer engagement and data analytics platform for FMCG brands and Retailers through Digital grocery deals, Targeted sampling and Verified Ratings & Reviews.

Clip the Deal - multi-brand,multi retailer platform that acts as a single source of digital grocery deals, bridging the online and offline gap between retailers, distributors, brands and customers.
ClipBox - Targeted sampling for FMCG brands via the ClipBox section and gather user feedback.

Clip Reviews - Verified Ratings & Reviews platform to help Grocery Brands with Influence Marketing, the Reviews section allows users who have purchased or sampled products to rate &/or review the product

Nabbesh.com

Internet Marketplace Platforms

Nabbesh.com is a freelance work marketplace that specialises in connecting fast growing companies with top quality, screened and handpicked freelance talent from the world's emerging markets. Our consultative approach to hiring makes us a trusted partner for some of the Middle East & North Africa's top small & medium businesses as well as top multinationals. With a community of 120,000 freelancers, we can fulfil any type of job that comes our way!

Through Nabbesh companies can find, manage and safely pay freelance talent and get great work delivered!

Pre-Series A

Melltoo

Internet

Mobile marketplace for buying and selling second hand things.

Wrappup

Artificial Intelligence

Machine Learning

Wrappup is a meeting-based productivity app with intelligent voice recording that helps inside sales managers make better decisions.

Search in MENA.com

Search in MENA.com is a B2B marketplace for Sellers and Buyers in the Middle East and North Africa.

Paymennt

Payment

Crypto

Paymennt is a mobile-first payments platform allowing businesses to accept payments online, in person, or through payment links.

PointCheckout

PointCheckout develops an online payment platform intended for loyalty and reward points.

Feesheh

Music

Feesheh is the first dedicated online store for musical instruments and pro audio equipment in the MENA region.

Lawhive

ShortPoint

Commersya

Jibber Jabber

Writer (previously Qordoba)

Content

California

Voicea

ZIWO

Cloud Services

Cloud

Customer Experience

B2B SAAS cloud business telephony and contact center for the Emerging Markets. API based, cloud agnostic with tons of integrations.

Clip the Deal, a Dubai-based digital grocery coupon platform, raised $500,000 in their second round of funding led by Neelesh Bhatnagar from NB Ventures. Other participants included Dubai Silicon Oasis Authority and a prominent angel investor. The funds will be used to expand into new markets, invest in technology, and hire talent. The company aims to change consumer approaches in the $150 billion GCC grocery retail market.

Digital grocery coupon platform raises $500K in second round of funding

Letswork, the Dubai-based subscription service and marketplace for on-demand workspaces, announced today it has raised a $2.1 million seed round. It is also soft launching in Riyadh, bringing its total markets to five,  along with Portugal, Spain, and Bahrain. Participants in the round included 500 Global, The Space, DTEC Ventures and other notable angel investors.

The startup was founded in 2019 by Omar Almheiri and Hamza Khan. Letswork offers its app directly to consumers, as well as companies that operate on a hybrid or remote model. Users can sign up for its flagship offering, the Letswork Pass, a subscription that gives them access to a distributed network of workspaces at coworking spaces, hotels, and cafés. Users can also rent meeting rooms, private offices, and creative studios by the hour or day, giving these venues additional streams of revenue.

The fast growth proptech startup plans to expand its SaaS offering to venues, recruit top talent as well as rapidly expand its workspace network over the next 12 months.

Letswork raises $2.1 million Seed, expands to Saudi Arabia

In September 2015, yallacompare raised $3 million in a Series A funding round. The investment was led by STC Ventures, the venture capital arm of Saudi Telecom, with additional backing from Wamda Capital and Dubai Silicon Oasis Authority. The funds are aimed at expanding yallacompare's financial comparison services across the Middle East.

About Us

STEP Group, a Dubai-based media and technology company, raised $2 million in a Series A funding round. The investment came from regional investors including Wamda Capital, Equitrust, Dubai Silicon Oasis Authority, and international VC firm North Base Media. The funds will be used to expand STEP Group's user base and develop its STEP Video capability, aiming to reach over 10 million users and 30 million monthly views within the next year.

STEP Group raises $2m in Series A funding

STEP Group closed a $2 million Series A funding round with investments from Wamda Capital, Equitrust, Dubai Silicon Oasis Authority, and North Base Media. The funds will support STEP's growth strategy, including the launch of STEP Music and the acquisition of Arab Vines. The group aims to expand its user base significantly and develop its content platforms, Stepfeed.com and Yallafeed.com.

STEP gets $2M Series A, plans a digital media empire

Wrappup, a Dubai-based startup focused on meeting productivity, raised $800K in a Seed funding round in September 2016. Investors included 500 Startups, Arzan VC, BECO Capital, DTEC Ventures, Dubai Angel Investors, Odin Financial Advisors, and WOMENA. The startup has been acquired by Voicera, which aims to combine resources to enhance meeting summarization technology.

Wrappup Founders share Insights on their recent Acquisition by AI pioneer Voicera

UAE’s automotive data software startup, AlgoDriven raises $625,000 fundraises from a variety of both local and international high-profile VCs, including Oman Technology Fund and DTEC Ventures.

AlgoDriven’s innovative software aims to help car dealers, classifieds, banks and insurance companies accurately identify and price used cars using big data, artificial intelligence and machine learning to drive innovation and efficiency in the automotive industry.

The new investment will allow AlgoDriven to further expand its position as a market leader in the automotive data and software field in the Middle East, and globally in New Zealand and Australia. International VC investors include Silicon Valley based Social Capital, and 500 Startups through their region-exclusive 500 Falcon’s Fund.

Gulf-based AlgoDriven Secures $625,000 Investment, Plans to Focus on International Expansion

UAE-based automotive data platform AlgoDriven, has raised $2 million in a Series A round led by Global Ventures. Other investors participating in the round included Automotive Ventures, an Atlanta-based venture capital firm – for whom AlgoDriven is its first international investment - Spartech Ventures, otf Wadi, Driven Capital Partners and DTEC Ventures.

Founded in 2017 by Glenn Harwood and Jaron Crossland, AlgoDriven helps car dealerships, finance, and insurance companies, accurately identify, and appraise vehicles. 

Proceeds will be used to expand the company’s reach globally into new regions and increase penetration in existing markets such as the Mena region and Australia. The company’s enterprise product line will continue to be built out for banks, insurance, classifieds, and inspection

AlgoDriven secures $2 million in Series A

INVESTMENT NEWS Egyptian Semiconductor Startup InfiniLink Raises $10M in Seed Funding Apr 03, 2025 MENA ECOSYSTEMS Saudi MSME Loans Jump 27.6% in 2024 to Reach $93.8 Billion Apr 02, 2025 INVESTMENT NEWS Microenterprises Make Up 82% of UAE’s Business Landscape Mar 30, 2025 INVESTMENT NEWS Moroccan Fintech PayTic Raises $4.4M to Scale Banking SaaS Platform Apr 09, 2025 OPPORTUNITIES EGA Launches Third Season of ‘Ramp Up’ for UAE Entrepreneurs Apr 09, 2025 INVESTMENT NEWS Valar Ventures & Saudi’s Sanabil Lead $110M Round for B2B Firm SILQ Apr 09, 2025 MENA ECOSYSTEMS Rabbit Expands to Saudi Arabia With Regional HQ in Riyadh Apr 07, 2025 INVESTMENT NEWS e& Egypt Launches Instant International Money Transfer Service Apr 07, 2025 INVESTMENT NEWS UAE Fintech Fuse Raises $6.6M to Fill MENA’s Cross-Border Payment Gaps Apr 07, 2025 MENA ECOSYSTEMS Central Bank of Oman Mandates IBAN for Domestic Transactions Apr 04, 2025 INVESTMENT NEWS Egyptian Semiconductor Startup InfiniLink Raises $10M in Seed Funding Apr 03, 2025 MENA ECOSYSTEMS Saudi MSME Loans Jump 27.6% in 2024 to Reach $93.8 Billion Apr 02, 2025 INVESTMENT NEWS Microenterprises Make Up 82% of UAE’s Business Landscape Mar 30, 2025 INVESTMENT NEWS Moroccan Fintech PayTic Raises $4.4M to Scale Banking SaaS Platform Apr 09, 2025 OPPORTUNITIES EGA Launches Third Season of ‘Ramp Up’ for UAE Entrepreneurs Apr 09, 2025 INVESTMENT NEWS Valar Ventures & Saudi’s Sanabil Lead $110M Round for B2B Firm SILQ Apr 09, 2025 INVESTMENT NEWS Copied UAE Automotive Data Startup AlgoDriven Scores $2M for Global Expansion The newly acquired funds will be utilised to fuel the company’s global reach and bolster presence in existing markets including MENA and Australia. Startup Scene Oct 11, 2021 UAE-based automotive data platform, AlgoDriven, has secured $2 million in a Series A funding round led by Global Ventures with participation from U.S based Automotive Ventures, Spartech Ventures, otf Wadi, Driven Capital Partners and DTEC Ventures. The newly acquired funds will be utilized to fuel the company’s global reach and bolster presence in existing markets including MENA and Australia. The enterprise line will be further developed for increased functionality for banks, insurance, classifieds, and inspection companies. AlgoDriven’s vehicle data platform is a fully integrated solution of mobile apps, website plugins, enterprise APIs, and financial analytics. Algodriven helps car dealers, classifieds, banks, and insurance companies to correctly identify, and price used cars, EvalExpert, the company’s flagship product, simplifies and expedites the pre-purchase assessment and evaluation process, making for more competitive trade-in deals. Consumers also benefit from the faster and more professional experience curated by AlgoDriven at dealers who use their tools. Glenn Harwood, co-founder at AlgoDriven, commented on this new achievement, “We're excited to be partnering with Global Ventures for the next chapter of our journey. We have seen strong growth in demand for our automotive data and software over the last few years both regionally, and in the international markets we operate in. As trends such as ecommerce and new ownership models continue to transform the automotive industry, we expect demand for our vehicle data, pricing, and appraisal software to continue to increase.” AlgoDriven boasts an impressive portfolio of clients including many of the automotive industry’s leading players including Audi, BMW, Hyundai, Kia, Mercedes-Benz, Nissan, Toyota, and Volkswagen. Today, AlgoDriven’s products are used in over 600 car showrooms across the world in Australia, New Zealand, Malaysia, Singapore, UAE, Oman, Saudi Arabia, Kuwait, Bahrain, Qatar, Iraq, Jordan, Morocco, and Sweden. Previous Article Egyptian Fintech Khazna Chosen for Bill Gates-Funded Accelerator Next Article Egyptian Esports Platform GBarana Raises Six-Figure Pre-Series A Related Articles OPPORTUNITIES Apr 09, 2025 EGA Launches Third Season of ‘Ramp Up’ for UAE Entrepreneurs EGA partners with C3 and Microsoft UAE to offer mentorship and training for sustainable and tech-driven startups. MENA ECOSYSTEMS Apr 07, 2025 Rabbit Expands to Saudi Arabia With Regional HQ in Riyadh The Egyptian quick commerce startup targets 20M deliveries in Saudi Arabia by 2026 through a network of dark stores. Trending This Month Fawry & Contact Partner to Expand Digital Payment Solutions in Egypt Mar 21, 2025 Fluidity 2025 to Connect GCC & African Tech Ecosystems in Dubai Mar 22, 2025 Saudi Nayla Finance Secures $4 Million to Boost Micro-Business Lending Mar 24, 2025 Dubai Fintech Startup YAP Raises $41 Million to Expand Regionally Mar 27, 2025 Join Startup Scene communities on social media Instagram Facebook Youtube Twitter

UAE Automotive Data Startup AlgoDriven Scores $2M for Global Expansion

AlgoDriven successfully raises $2 million in a Series A funding round Subha Bhargavi October 10, 2021 AlgoDriven successfully raises $2 million in a Series A funding round AlgoDriven, a leading Dubai-based automotive data platform, has successfully raised $2 million in a Series A funding round. The round was led by Global Ventures, the Dubai-based international venture capital firm. Other participating investors included Automotive Ventures, an Atlanta-based venture capital firm – for whom AlgoDriven is its first international investment – Spartech Ventures, otf Wadi, Driven Capital Partners and DTEC Ventures. Proceeds will be used to expand the company’s reach globally into new regions and increase penetration in existing markets such as the MENA region and Australia. The company’s enterprise product line will continue to be built out for banks, insurance, classifieds, and inspection companies – to increase functionality. AlgoDriven’s tools already help value assets for loans, insurance policies, price vehicle subscriptions and leases. Glenn Harwood, co-founder at AlgoDriven, commented “We’re excited to be partnering with Global Ventures for the next chapter of our journey. We have seen strong growth in demand for our automotive data and software over the last few years both regionally, and in the international markets we operate in. As trends such as ecommerce and new ownership models continue to transform the automotive industry, we expect demand for our vehicle data, pricing, and appraisal software to continue to increase. “The wealth of experience that Noor, Basil, Simon and the entire team at Global Ventures have in the B2B space made them an excellent choice to partner with as we continue to scale.” Tags: $2 Million, AlgoDriven, Dubai-based automotive data platform, Glenn Harwood, Global Ventures, Series A funding round HAVE YOUR SAY! 0 0 Previous Articlenoon celebrates its Seller Summit UAE in styleNext ArticleMastercard teams up with Female Fusion to unlock opportunities for women entrepreneurs YOU MAY ALSO LIKE PayTic secures $4 million funding led by AfricInvest April 9, 2025 Pakistani fintech Haball secures $52 million to fuel expansion April 9, 2025 UAE-based Rentify secures $500,000 in pre-seed funding April 8, 2025

AlgoDriven successfully raises $2 million in a Series A funding round

AlgoDriven secures Series A to help insurers assess used car prices - FinTech Global
Search 
Welcome! Log into your account
Forgot your password?
Recover your password
![Image 3: FinTech-Global]( ![Image 5: FinTech-Global FinTech Global](
AlgoDriven secures Series A to help insurers assess used car prices
October 11, 2021
FacebookTwitterLinkedIn
![Image 7](
AlgoDriven, which helps vehicle dealers, insurance firms and lenders to get the accurate prices for cars, has received $2m in its Series A funding round.*
With the capital, AlgoDriven hopes to enter new geographic regions, as well as bolster its position in existing market in MENA and Australia. In addition to this, AlgoDriven is continuing to build tools for banks, insurance, classifieds and inspection companies.
Its technology is used by companies to accurately identify, and price used cars. EvalExpert, its flagship product, streamlines the pre-purchase assessment and evaluation of cars, helping businesses sell more vehicles and consumers have better experiences.
AlgoDriven co-founder Glenn Harwood said, “We’re excited to be partnering with Global Ventures for the next chapter of our journey. We have seen strong growth in demand for our automotive data and software over the last few years both regionally, and in the international markets we operate in. As trends such as ecommerce and new ownership models continue to transform the automotive industry, we expect demand for our vehicle data, pricing, and appraisal software to continue to increase.
“The wealth of experience that Noor, Basil, Simon and the entire team at Global Ventures have in the B2B space made them an excellent choice to partner with as we continue to scale.”
Copyright © 2021 FinTech Global
Enjoying the stories?
Subscribe to our daily FinTech newsletter and get the latest industry news & research
!Image 9
Previous articleColombian FinTech Movii closes Series B on $15m
Next articleSecurity firm Gabriel nets $12m from SoftBank-led Series A
jhaxell
![Image 11: Devexperts expands into MENA with new Dubai office]( "Devexperts expands into MENA with new Dubai office")
Company News
![Image 13: Sokin lands $15m from BlackRock to fuel global expansion]( "Sokin lands $15m from BlackRock to fuel global expansion")
B2B Payments
![Image 15: Lloyd’s, the world’s leading insurance marketplace has signed a Memorandum of Understanding (MoU) with DIFC Academy to develop future industry talent.]( "Lloyd’s and DIFC partner to develop future talent in the insurance sector")
Company News
![Image 17: UAE's Pemo secures $7m to innovate spend management in GCC]( "UAE’s Pemo secures $7m to innovate spend management in GCC")
Accounting
![Image 19: UAE's Huspy secures new funding to build SuperApp for real estate]( "UAE’s Huspy secures new funding to build SuperApp for real estate")
FinTech News
![Image 21: Harnessing tech for climate: Insights into COP28's agenda]( "Harnessing tech for climate: Insights into COP28’s agenda")
ESG FinTech
![Image 23]( 25](
![Image 27: Top InsurTech deals Q1 2025]( "US reinforced its global InsurTech market dominance securing half of Q1 2025’s top 10 deals")
FinTech News
April 10, 2025
![Image 29: Global RegTech funding Q1 2025]( "Global RegTech funding bounced back by two-thirds in Q1 2025 driven by deals over $100m")
FinTech News
April 9, 2025
![Image 31: WealthTech deal decline Q1 2025]( "UK companies cemented their European WealthTech leadership attracting half of all deals in Q1 2025")
FinTech News
April 8, 2025
![Image 33: US FinTech deals Q1 2025]( "California cemented its place as the US FinTech hub with over a third of the deals for Q1 2025")
FinTech News
April 7, 2025
![Image 35: Top RegTech deals Q1 2025]( "Texas-based NinjaOne secured the biggest global RegTech deal for the first quarter of 2025")
FinTech News
April 4, 2025
![Image 37]( "Coalition launches new cyber insurance product for U.S. businesses")
April 10, 2025
Coalition, the world’s first Active Insurance provider, has launched its new Coalition Active Cyber Policy, a redesigned surplus lines cyber insurance offering for the U.S. market.
![Image 39: Red Oak]( "Red Oak acquires 4U Platform to introduce compliant connectivity to financial industry")
April 10, 2025
Red Oak Compliance, a leading provider of advertising compliance and marketing review software, has acquired 4U Platform, a content distribution, engagement, and analytics provider for the investment industry.
![Image 41]( "Ecommpay launches Italian payments suite to support e-commerce growth")
April 10, 2025
Ecommpay, a global payments platform known for inclusive and secure payment solutions, is enhancing support for international e-commerce merchants entering the Italian market. This...
![Image 43]( "ESG Book unveils LEO for enhanced corporate and financial disclosure")
April 10, 2025
ESG Book has partnered with BCG and Google Cloud to introduce LEO, a cutting-edge solution designed to streamline sustainability reporting for corporates and financial...
![Image 45]( "Qevlar AI secures $14m to enhance cyber operations with autonomous tech")
April 10, 2025
Qevlar AI, a trailblazer in the cybersecurity sector, has announced a significant capital infusion of $14m to expand its innovative approach to SOCs.
© FinTech Global © Copyright 2024. All rights reserved.  
Technology partner  
![Image 46: Advanced Vision IT](
!Image 49
GET THE WHITEPAPER
!Image 51
GET THE REPORT
!Image 53
120,000+ FinTech leaders get exclusive industry stories delivered every week
!Image 55
I WANT IN TOO!
Download the free AIFinTech100 report
FREE
!Image 57
Download the AIFinTech100 report for 2024 with details on each solution
Download the report
MORE STORIES
![Image 59]( "Kira Systems score $50m in minority investment from Insight Venture")
September 6, 2018
![Image 61]( "KKR investment gives FinTech business OneStream $1bn-plus valuation")
February 7, 2019
        !Image 62: Cookiebot session tracker icon loaded
Thanks for sharing!
AddToAny
More…

Dtec Ventures

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 6 sectors we invest in

Portfolio Companies
or Investments

Executive Team Members

About

Legal

Social Media

Dtec Ventures

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 6 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

About

Legal

Social Media

Portfolio Companies
or Investments