Seed

Series A

Series B

Pre-Seed

Others

Pre-Series A

Europe

Rest of World

Abu Dhabi

Ali Qaiser

Ivo Detelinov

Syrine Ben Mansour

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

Investment in Startup

Find all about Oryx Fund: funding focus, key investments, and market strategy. Discover insights on Lucidity Insights.

Oryx Fund

Healthcare

Oryx Fund, a MENA-focused investment fund under Hambro Perks, specializes in investing in transformative early-stage technology companies ranging from Seed to Series A.

Dubai

Merit Incentives

Technology

Merit Incentives is a global engagement technology and solutions company that helps businesses boost customer and employee engagement through its innovative enterprise solutions.

London

44.01 Climate Tech

Green Tech

Environmental Engineering

We eliminate CO2 by turning it into rock using the natural power of mineralisation.

GrubTech

Software Dev/Test

Software

SaaS

GrubTech is an end-to-end SaaS platform enabling the digital transformation of restaurants and cloud kitchens.

Sarwa

Fintech

Sarwa is an online platform that makes investing in global markets simple and affordable for investors in the Middle East.

Riyadh

Ejari

Proptech

Real Estate

Rental

Property

Ejari is a Saudi real estate technology company that provides a rent now and pay later service for residential units.

Valeo

Fitness

Wellness

Valeo allows you to optimize your health by empowering you to take control of your health using a personalized mobile health tracker.

PE Round

NOW Money

Finance

Mobile Payments

Financial Services

Banking

NOW Money uses mobile banking technology to bring accounts and remittance to the unbanked population of the Middle East.

Alma Health

Healthtech

Alma Health is a digital health platform that simplifies the lives of people with chronic conditions and those who care for them by harnessing the power of technology.

Debt Financing

BARQ

Logistics & Storage

Delivery

Utilizes its state-of-the-art delivery technologies to deliver orders as fast as 15 minutes up to same-day delivery service.

Penny Software

Predictive Analytics

Enterprise Software

Penny is a cloud-based Procure-To-Pay system. penny helps you digitize and manage your full procurement cycle from request to approval. Manage RFQs to vendors, compare quotations, send POs and even payment. penny was designed to make things easy and consolidate all of yourorganization’s spending needs into one intelligent system

Hala Insurance

Insurance

Hala is building the Middle East's first full stack insurance company, with a focus on car and home insurance.

Sharwa

E-Commerce

Englease

Education

Growdash

Analytics

Business Intelligence

Growdash is a business intelligence and analytics tool built specifically for restaurants to support profitable growth strategic decisions.

Yela

Digital & ICT

Qanooni

Legal Tech

Artificial Intelligence (AI)

Machine Learning

Qanooni is a platform that was built by lawyers for lawyers, embedded completely within Word and Outlook.

Jeddah

Barakah

Food and Beverage

Fundbot

Onex

Holo

Advisory and Consulting

Holo is the first digital mortgage platform in the Middle East with access to over 500 mortgage products for free.

Social commerce platform&nbsp;Sharwa&nbsp;announces the closing of its pre-seed funding round for $2,000,000 (USD ). The round was co-led by&nbsp;Nuwa Capital&nbsp;and&nbsp;Hambro Perks Oryx Fund&nbsp;and joined by several strategic angel investors. The pre-seed investment will be spent on continued development of the technology platform and on expanding the team.

Sharwa raises $2M pre-seed funding round to bring affordable retail to all

Dubai-headquartered Merit Incentives, a&nbsp;customer and employee engagement solutions platform,&nbsp;has raised $5 million (SAR 18.7 million) in a Series A round, the company announced Tuesday. The latest funding round was led by Impact46, with participation from the Arzan Financial Group, Hambro Perks Orca, and other regional investors.

UAE’s Rewards Platform Merit Incentives Raises $5M In Series A Round For Expansion

UAE-based Merit Incentives, a customer and employee engagement platform, has raised $5 million in a Series A round led by Saudi’s Impact46 along with Tech Invest Com, Arzan VC, Hambro Perks Oryx and several regional angel investors. 
Founded in 2016 by Julie Barbier-Leblan, Merit Incentives began as a B2C gifting solution and has expanded to offer B2B engagement tools and technologies.
It now operates its own rewards network of 5,000 partner brands across 100+ countries, with 500+ retailers and merchants in the GCC. Its clients including Riyad Bank, Vodafone, Mubadala and Amazon and claims to have 20 million end-users globally.
Merit Incentives plans to use this funding to grow its team into new territories and invest in its technology.
The company has offices in Saudi Arabia, Kuwait, Egypt, Jordan and UK, along with a technology lab and development team located in Pakistan. Merit expects to triple its research and development resources across offices by the end of 2022.
Press release:

Merit Incentives, a leading developer of innovative customer and employee engagement solutions announced a $5 Million Series A investment round, led by Riyadh-based venture capital fund Impact46 along with Tech Invest Com, Arzan VC, Hambro Perks Oryx and several regional angel investors. 

What started as a B2C gifting solution has expanded to become one of the most engaging technology and consulting firms specialized in developing the latest B2B engagement tools and technologies. Currently, Merit offers its B2B2C services to a diverse portfolio of large enterprises, including Riyad Bank, Vodafone, Mubadala, Adidas and Amazon.

Merit Incentives’ products include Rewardsby, a Software as a service (SaaS) loyalty and rewards marketplace made up of nine distinctive engaging redemption modules, and GiftCardsby - the most advanced SaaS digital gift card platform on the market, enabling instant sales and redemptions from retailers.

Julie Barbier-Leblan, CEO and Founder of Merit Incentives said: “We are thrilled to have received strong support from such prominent investment firms. While we had the option of securing international investors our ambition has always been to raise funds from within the region, as this is where our business first launched. We believe in the Middle East’s fast-growing market which allows us to serve our international clients’ needs with agility and efficiency.” 

The engagement startup operates its own rewards network of 5,000 partner brands across 100+ countries, with 500+ retailers and merchants in the GCC alone, making it a firm that delivers on its promise of ‘thinking globally, acting locally’. In a sign of Merit Incentives’ bright future ahead, it recently surpassed a landmark milestone of 20 million end-users globally

“We are amid a new era where users require unique yet meaningful experiences with companies they like and trust. It has now become imperative for businesses to engage directly with their customers, and internally with their employees, to create a constant dialogue and emotional bond at every touch point. We believe that the key to success is for leaders and managers to be able to align customer and employee engagement to support their vision, using SaaS technologies, and strong digital content, and Merit Incentives is uniquely positioned to accomplish just that,” Barbier-Leblan continued. 

“With the team led by Julie and talented individuals from various backgrounds in tech, banking, & retail. Merit is set to tackle a great opportunity within the business engagement technology sector. The company has been able to expand within the GCC with a global mindset while maintaining a good grasp of the local enterprise and SME market.” said Basmah Al Sinaidi, partner at Impact46.

Merit Incentives plans to use this funding for the growth of their team into new territories, and further investment in technology, building on the existing artificial intelligence and machine learning capabilities of its solutions. 

In addition to its headquarters in Dubai, the company has offices in Saudi Arabia, Kuwait, Egypt, Jordan and UK, along with a technology lab and development team located in Pakistan. With a strong focus on in-house development, Merit expects to triple its research and development resources across offices by the end of 2022.

Merit Incentives announces $5 million Series A round led by Impact46

Abu Dhabi based Insurtech, Hala, has raised $5m led by Entr&eacute;e Capital, with participation from Mubadala Investment Company, EQ2 Ventures, Global Founders Capital, 500 Startups, and Hambro Perks Oryx Fund. The funds will be used to expand its new products such as home insurance, as well as growing the company further in the rest of the Middle East, starting with Saudi Arabia.

Hala raises $5 million in Series A

Holo, the first online platform to provide free digital mortgage services in the Middle East, has today announced seven-figure funding in their latest seed round. Investment in Holo&rsquo;s latest funding round was led by Saudi-based Watheeq Proptech Venture and Hambro Perks Oryx Fund. New regional participation came from DFDF, Annex Investments,&nbsp; and Tawaref Angel Network.&nbsp;&nbsp;

Holo secures seven-figure Seed round

GrubTech, a plug &amp; play, all-in-one operating system for restaurants and cloud kitchens, announced it has successfully raised a&nbsp;$13 Million&nbsp;Series A investment led by Addition. Other investors in this round include BY Ventures and Hambro Perks Oryx Fund.

GrubTech Raises $13 Million in Series A Funding Round to Accelerate Its International Growth Strategy

Yela&#39;s first pre-seed round of funding has been led by American investors Justin Mateen, a co-founder of Tinder and General Partner of JAM Fund, and Sean Rad, also a co-founder of Tinder and General Partner of RAD Fund. Other Silicon Valley-based investors include Graph Ventures, championed by Razmig Hovaghimian, who is a Board Member at Rakuten. In addition, investment has also come in from the UK through Samos Fund, Ascension Ventures, as well as from the MENA-based Hambro Perks Oryx Fund.

Celebrity Messaging And Creator Platform Yela Launches In The MENA With US$2.2 Million Pre-Seed Investment

Alma Health, an Abu Dhabi-based healthcare startup has announced it has received funding from the Hambro Perks&#39; Oryx Fund, a dedicated venture fund backing early-stage startups across the Middle East and North Africa (Mena), with a particular focus on healthtech, fintech, and edtech. Strategic angels from Saudi and the UAE have joined the round as well.

Alma Health receives investment from Oryx Fund

RIYADH: Saudi delivery&nbsp;startup BARQ has secured $4 million in a seed round. The money will be used to expand the firm&rsquo;s&nbsp;geographic footprint in the Kingdom and diversify its&nbsp;product offerings. The round was led by early stage venture capitalists&nbsp;OTF Jasoor Ventures,&nbsp;and Hambro&nbsp;Perks Oryx Fund &mdash;&nbsp;a Middle East and North Africa-focused investment fund&nbsp;according to Magnitt.

Saudi delivery startup BARQ secures $4m seed round

We raised $15 Million. This money is going to allow us to grow, so we can better serve you.&nbsp;Three years ago we launched Sarwa with a small team and a simple mission: to help people in the MENA region achieve financial independence by demystifying the tools the ultra-wealthy had at their disposal. Today, with over 40,000 registered users, the support of the community, and an incredible team, Sarwa continues to push forward on its mission: smart investing made easy, accessible to all regardless of their background, age, or net worth. The Series B round was led by&nbsp;Mubadala&nbsp;Investment Company with&nbsp;500 Startups, Kuwait Projects Company, Shorooq Partners, Middle East Venture Partners, DIFC, Hambro Perks Oryx Fund, HALA Ventures, and Vision Ventures also participating.

We Raised $15 Million in Our Series B Funding Round

Sarwa raised $15 million in a Series B funding round led by Mubadala. The funds will be used to fuel regional growth, develop new products, and expand the team. Other investors include 500 Startups, Kuwait Projects Company, Shorooq Partners, Middle East Venture Partners, DIFC, Hambro Perks Oryx Fund, Hala Ventures, and Vision Ventures. Sarwa aims to democratize investing with its robo-advisory platform, which uses AI to tailor investment portfolios.

Sarwa secures $15m in funding round led by Mubadala

Dubai-based fintech Sarwa has raised $15 million in a Series B funding round led by Mubadala Investment Company, with participation from 500 Startups, Shorooq Partners, Middle East Venture Partners (MEVP), DIFC, and others. The funds will be used to expand Sarwa's market position, grow its team, and launch new products such as Sarwa Trade and Sarwa Crypto. Representatives from Mubadala and 500 Startups will join Sarwa's board of directors.

Dubai-based fintech Sarwa raises $15 million in Mubadala-led funding round led

Growdash, a Dubai based purpose-built SaaS platform that enables restaurant marketing and operational teams to build, execute and manage profitable growth strategies across digital sales channels, today announced it has raised AED6.8 million ($1.8 million) in a Seed round. The seed funding was led by Oryx Fund, a MENA focused investment fund from Hambro Perks, and Oraseya Capital, the venture capital arm of Dubai Integrated Economic Zones Authority (DIEZ).

Growdash was launched in 2022 by Sean Trevaskis and Enver Sorkun, former employees of Talabat, the online food delivery company. Together, they have built Growdash into the leading restaurant analytics and business intelligence technology in the region, working with over 300 restaurant brands across 4000 locations in the UAE, Kuwait, and Qatar.

Growdash closes Seed round at $1.8 million

Penny Software, the procurement enterprise software company raised $5M in a seed round led by Outliers Venture Capital, and with participation from Shorooq Partners, Hambro Perks ORYX Fund, Wamda, Class 5 Global, and strategic angel investors.

Wamda participates in Penny Software's $5 million Seed round

UAE-based English teaching digital platform&nbsp;Englease.com&nbsp;has raised $3.4M in its latest funding round backed by major players in Silicon Valley. The oversubscribed SEED round was co-led by global leading EdTech investors,&nbsp;LearnCapital&nbsp;(US) and&nbsp;LearnStart&nbsp;(US), and recorded participations from key regional investors&nbsp;COTU&nbsp;(UAE),&nbsp;BY Venture Partners&nbsp;(UAE),&nbsp;Hambro Perks Oryx Fund&nbsp;(UAE/UK),&nbsp;Wamda&nbsp;(UAE),&nbsp;500 Global&nbsp;(US/Saudi),&nbsp;Dubai Angel Investors&nbsp;(UAE) and A.L.M.A. (UAE).

Oryx Fund

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Oryx Fund

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

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Total No. of Investments Globally, by Year

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

About

Legal

Social Media

Portfolio Companies
or Investments