Others

Series C

Series B

PE Round

Series D

Seed

Kuwait

Ghanem Al Ghenaiman

Abdulaziz Al Bader

Huda Al Mousa

Meshaal Jaber Al Ahmed Al Sabah

If you're ready to take your business to the next level with Kuwait Investment Authority, we want to hear your pitch.

Investment in Startup

Explore Kuwait Investment Authority's portfolio and investment trends in Energy. Find exclusive insights at Lucidity Insights.

Kuwait Investment Authority

Energy

The Kuwait Investment Authority is a government-owned corporation established to manage the sovereign wealth fund of Kuwait, which primarily consists of profits from the country's oil reserves, and it invests in private and public equity, real estate, fixed income, and alternative investment markets.

Dubai

Series F

Careem

Logistics & Storage

Transportation

Delivery

Ride Sharing

Providing a range of daily services, Careem is a Dubai-based ride-hailing and super app company that aims to simplify people's daily lives in over 100 cities across 13 countries.

NantHealth

Healthcare

TAE Technologies

Jawbone

Consumer Electronics

Apttus

Software Dev/Test

Reliance Nippon Life Asset Management

Financial Services

Alkem Laboratories

Health Care

IndiaMART

E-Commerce

Advanced Enzymes

Biotechnology

Morgan Solar

Tyba

TouGas Oilfield Solutions

Middle East-founded car-hailing app Careem has raised $60 million in Series C funding, led by The Abraaj Group.This round is The Abraaj Group’s first investment in Careem, and it now stands alongside other investors Arzan Venture Capital, Al Tayyar, STC Ventures, BECO Capital, Impulse (a subsidiary of Kuwait Investment Authority), Lumia Capital and Wamda Capital. Al Tayyar remains the largest institutional investor.

Car-hailing app Careem raises $60M Series C

Careem, a ride-hailing service in the Middle East and parts of Africa, raised $60 million in a Series C financing round led by the Abraaj Group. Previous investors include Al Tayyar, Lumia Capital, and STC Ventures. The funds will be used to accelerate operations in key markets such as Pakistan, the Middle East, and North Africa, and to invest in new products and services. Careem has been growing at an average rate of 30% month-on-month in its core markets of Saudi Arabia, UAE, and Egypt.

Careem raises $60m in series C financing

Careem, a Dubai-based car service app provider, secured $60 million in Series C funding. The round was led by The Abraaj Group with participation from Al Tayyar, STC Ventures, Beco Capital, Impulse, Lumia Capital, and Wamda Capital. The funds will be used to accelerate market expansion and innovation in the MENA region, Pakistan, and beyond.

Careem Secures $60M in Series C Funding - FinSMEs

Careem, a ride-sharing taxi service app founded in Dubai, has raised $60 million in a Series C funding round led by The Abraaj Group. The funds will be used to accelerate Careem's expansion across the Middle East, North Africa, and South Asia. This marks Careem's third funding round, following investments from Al Tayyar and STC Ventures. The company plans to expand its operations beyond Cairo into Alexandria, offering a free first ride to new customers. Careem aims to innovate its product, expand regionally, and recruit more talent.

Careem Receives US $60 Million In Funding For Planned MENA Expansion

Careem, a UAE-based ride-hailing service, raised $60 million in a Series C funding round led by Abraaj Group. Other investors include Al Tayyar, Saudi Telecom through STC Ventures, Beco Capital, Lumia Capital, Wamda Capital, and Impulse. The funds will be used to expand in the MENA region and southern Asia, grow the team, and introduce new products and services.

Careem rises with $60m series C

Kuwait Investment Authority

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

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Kuwait Investment Authority

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 10 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

About

Legal

Social Media

Portfolio Companies
or Investments