Colabs Eyes Saudi Market After $2M Pre-Series A Funding

Omar and Ali Shah, Colabs co-founders

Pakistani coworking platform Colabs has raised $2 million in a Pre-Series A funding round led by Shorooq Partners, with participation from Wa’ed Ventures. This new round brings Colabs’ total funding to $5 million since its founding in 2019 by brothers Omar and Ali Shah.

Colabs, which operates in more than ten locations and serves over 5,000 members across 300 organizations, intends to use the new capital to extend its presence in Saudi Arabia and the wider Middle East and North Africa region.

Omar Shah, Co-Founder and CEO of Colabs, stated, “Our success in Pakistan underscores the strength of our model in driving innovation and supporting startups. We're excited to bring this approach to new markets, empowering entrepreneurs across the region and contributing to the dynamic growth of the MENA startup ecosystem.”

Source: Jawlah