Oraseya Capital Invests in 7 Tech Start-Ups Through SANDBOX

SANDBOX, the Accelerator programme dedicated to the growth of tech start-ups, and part of Oraseya Capital, the venture capital investment arm of the Dubai Integrated Economic Zones Authority (DIEZ), said that each of seven technology start-ups out of 1,500 applications received $150,000 from Oraseya Capital.

The seven start-ups that received funding are Qureos, a recruitment tech start-up matching talent with jobs 10x faster, Herogo, the sustainable food tech subscription platform for fruit and vegetables, Lisan, a deeptech generative AI start-up specialising in Arabic linguistics, Sthrive, a B2B SaaS platform for retailers designed to boost sales and employee performance, Zoya, a fintech start-up that makes halal investing easy and accessible for Muslims worldwide, JobEscape, a productivity start-up upskilling freelancers and employees alike, with AI tools, and Opteam, leveraging AI-driven optimisations to project management in the construction sector.

In addition to these new investments, Oraseya Capital has strengthened its efforts by leading an investment round in Growdash, a Dubai-based SaaS platform that specialises in empowering the marketing and operations efforts of restaurants, as well as building, implementing, and managing their growth strategies through digital sales channels.

Oraseya Capital has also participated in a series of investment rounds for several other start-ups, including RemotePass, an HR tech-platform streamlining management of remote teams, and iSchool, an EdTech upskilling youth with digital capabilities.

New Milestone

Hassan Waheed, Vice President of Corporate Finance and Treasury at DIEZ and Partner at Oraseya Capital, said that Oraseya Capital has achieved a milestone just a few months of its launch in the end of 2023.

The high level of interest in its SANDBOX programme, as well as the many innovative and creative ideas and ambitious projects, reflected the long-term importance of this strategic initiative in promoting the growth of small and medium-sized enterprises in various sectors. We are committed to supporting the digital economy sector in the Emirate of Dubai and contributing to the goals of the Dubai Economic Agenda D33, he said.

Oraseya Capital’s investments in start-ups that have proven high growth opportunities, characterised by creative ideas and innovative visions.

“Seeking to change the reality and future of the advanced and modern technology sector, we look forward to realising new levels, all in line with our efforts towards enhancing the competitiveness of Dubai in terms of attracting and financing technology start-ups, bolstering its stellar reputation as a destination for global investments,” he added.

SANDBOX

SANDBOX is a 5-month Accelerator programme spanning two phases. The first phase is an “Evaluation phase” lasting 8-weeks, which culminates with start-ups pitching to the Investment Committee of Oraseya Capital.

Successful start-ups then formally proceed into the 3-month SANDBOX Accelerator programme, each receiving an investment offer from Oraseya Capital. The SANDBOX programme encourages a mind-set of experimentation and is focused heavily on revenue generating activities and well as further fundraising efforts. Start-ups benefit from mentorship hosted by experts in the world of business and technology, as well as exposure to fellow investors. Start-ups participating in the programme benefit from more than 50 hours of workshops that include access to an integrated package of financial analytics, marketing strategies and legal compliance programs. Entrepreneurs in the SANDBOX programme also receive more than 30 hours of mentoring from industry experts and have the opportunity to network with regional investors.