Singapore-based Gate Ventures, the venture capital arm of Gate.io, and the Blockchain Centre in Abu Dhabi have launched Falcon Gate Ventures, a $100 million fund aimed at accelerating Web3 innovation. This collaboration is set to transform decentralized infrastructure and applications worldwide.
A Strategic Partnership for Global Impact
Falcon Gate Ventures represents a significant alliance between two industry leaders. it offers deep expertise in blockchain, while the Blockchain Centre excels in Web3 technologies. Consequently, this partnership will scale blockchain projects across key regions, including the USA, Asia, Europe, and MENA.
Key Pillars of Falcon Gate Ventures
Global Coverage: Primarily, the fund targets high-potential projects worldwide, focusing on breakthroughs in the Middle East, Asia, and the US. Thus, this Ventures will lead the digital revolution.
Economic Impact: Furthermore, it stimulates growth within the Web3 ecosystem. By boosting economic development, it also reinforces the UAE’s role as a central hub in the global digital economy.
Regulatory Commitment: Additionally, the fund collaborates with international regulators to create frameworks that both foster innovation and ensure user protection. This is crucial for the sustainable growth of Web3 technologies.
The Vision Behind Falcon Gate Ventures
it aims to scale high-potential blockchain projects. Abdulla, CEO of the Blockchain Centre, emphasized Gate Ventures’ expertise and innovative approach. Likewise, Kevin Yang, Managing Partner at Gate Ventures, noted that this fund is a pivotal step in advancing global blockchain innovation.
Driving Blockchain Innovation Globally
Falcon Gate Ventures intends to:
Foster Innovation: To start with, the fund will accelerate blockchain solutions by supporting innovative projects and startups around the world.
Support Education and Research: Additionally, it will invest in education and research to develop a skilled global workforce.
Facilitate Collaboration: Finally, it will promote international partnerships, enhancing technological advancement and economic development.
Conclusion
In conclusion, Falcon Gate Ventures is not merely a fund; it is a strategic initiative designed to drive Web3 innovation and advance the global digital economy. By focusing on fostering innovation, supporting education, and encouraging cross-border collaboration, Falcon Gate Ventures will play a pivotal role in shaping the future of blockchain technology.
Dr. Hisham Safadi, the visionary founder of Udenz, recently appeared on the renowned show Olga Alexeeva I Art Capital. In this engaging episode, he delves into his remarkable journey from a successful dentist to becoming a thriving entrepreneur in the healthcare industry.
Dr. Hisham Safadi path is truly inspiring. From establishing Udenz, a groundbreaking dental solutions platform, to being recognized on the prestigious Future 100 List by the UAE Ministry of Economy in partnership with the Minister of State for Government Development and the Future, his contributions to the UAE’s future economic sectors are noteworthy. The Future 100 List highlights visionary leaders who are shaping the future of the UAE.
Dr. Safadi’s inclusion in this list underscores his impact on the healthcare sector and his commitment to innovation and growth. This insightful conversation offers a unique glimpse into Dr. Hisham Safadi’s experiences, challenges, and successes. It’s a must-watch for aspiring entrepreneurs and professionals alike.
Yuze, a fintech company based in the UAE, has recently achieved a significant milestone by raising $30 million. Osten Investments led this funding round. Founded by Rabih Sfeir in 2022, Yuze aims to transform financial services for startups, micro, and small businesses in emerging markets. Consequently, this investment represents a pivotal moment for the company.
Plans for Expansion
With the $30 million investment, Yuze will accelerate its expansion into new markets. The company has set an ambitious goal of reaching one million SME and professional customers within the next five years. Therefore, this expansion aligns perfectly with Yuze’s mission to provide tailored financial services for small businesses and independent professionals.
Offering Comprehensive Financial Services
In addition, Yuze’s digital platform offers a wide range of services. These include business accounts, card programs, and strategic partnerships with banks. As a result, this approach simplifies financial management for SMEs and addresses the common challenges faced by e-traders and freelancers in accessing essential financial resources.
CEO’s Commitment to Financial Inclusion
Moreover, Yuze CEO Rabih Sfeir highlighted the importance of the funding round. He stated, “This investment not only validates our mission but also enhances our ability to expand and improve our offerings. We are committed to breaking down barriers and advancing financial inclusion for SMEs and professionals.”
A Pivotal Growth Moment
Furthermore, this funding round marks a crucial step in Yuze’s growth journey. It builds on previous investments that have established the company’s reputation in the fintech sector. Consequently, the support from Osten Investments underscores the potential of Yuze’s innovative business model and its capacity to set new industry standards.
Looking to the Future
Looking ahead, Yuze plans to leverage this investment to strengthen its presence in existing markets while also entering new regions. By focusing on financial inclusion and addressing the needs of underserved businesses, Yuze is poised to make a substantial impact in the global fintech landscape.
Pakistan’s mobility landscape is set for a revolutionary shift. Zyp Technologies, a promising startup, has successfully raised $1.5 million in pre-series A funding. UAE-based Shorooq Partners led the investment, with support from Indus Valley Capital and angel investors. As a result, Zyp will launch its innovative electric smart mobility solutions in Lahore.
Key Investment Outcomes
Firstly, this funding allows Zyp to establish over 60 battery swap stations across Lahore. These stations are crucial for supporting the deployment of 1,000 Utility Motorcycles (ZUM 2000) within the next year. Moreover, these motorcycles feature advanced fleet management software, accident alerts, anti-theft measures, and location tracking. Consequently, users can enjoy a safer and more efficient riding experience.
Ambitious Growth Plans
Founded in 2022 by Hassan Khan and Imran Afzal, Zyp Technologies is not just focusing on local expansion. The company plans to produce up to 12,000 electric motorcycles annually. Additionally, Zyp aims to extend operations to the Gulf nations, including the UAE, by 2025. This expansion reflects their commitment to becoming a leading player in the electric mobility sector across the region.
Strategic Partnerships
Notably, Shorooq Partners has a history of strategic investments in the MENA region. Their portfolio includes investments in UAE’s Pure Harvest Smart Farms and Saudi Arabia’s fintech Lean. Their involvement in Zyp Technologies underscores their confidence in the startup’s potential to transform urban mobility in Pakistan and beyond.
Conclusion
In summary, Zyp Technologies is poised to make a significant impact on Pakistan’s mobility sector with its electric motorcycles and robust infrastructure plans. As they expand into Gulf markets, the future looks bright for this innovative startup. Stay tuned to witness how Zyp reshapes the future of transportation in the region.
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Ogram, an HRtech company from the UAE, has raised significant funding for its expansion into Saudi Arabia. The round, led by Oraseya Capital—the venture capital arm of the Dubai Integrated Economic Zones Authority (DIEZ)—also includes Aditum Investment Management and Everywhere VC. Notably, this investment marks a crucial step in Ogram’s growth.
Ogram’s Rapid Growth and Global Expansion
Founded in 2017 by Karim Kouatly and Shafiq Khartabil, Ogram provides a digital staffing marketplace. This platform enables businesses to book and manage on-demand staff efficiently. In 2022, Ogram raised $3 million in a Series A round. This round was led by Modus Capital, Aditum Investment Management, Dtec Ventures, and DAAL VC.
Moreover, Ogram launched in Greece in 2023 and has achieved impressive results. The company experienced triple-digit growth in shifts per month. Furthermore, Ogram has delivered over three million flexible work hours, consistently maintaining over 90% fulfillment rates in both the UAE and Greece.
Focus on Saudi Arabia and Future Prospects
Looking ahead, the new funding will drive Ogram’s expansion into Saudi Arabia. This market shows a high demand for flexible staffing, particularly in retail and hospitality. Consequently, Ogram anticipates over 150% growth in man hours for 2024.
Shafiq Khartabil, Co-founder & CEO, commented, “We’re excited about this support. It will help us expand into KSA and achieve profitability this year.”
In addition, Julien Plouzeau, Senior Partner at Oraseya Capital, remarked, “Ogram’s success in the UAE and Greece highlights their ability to scale. Therefore, we are confident they will replicate this success in KSA and are thrilled to support their growth.”
Looking Ahead: Series B and M&A Activities
As Ogram prepares for its Series B funding round and potential M&A activities in Q4, the company will continue focusing on expanding its footprint. Their mission remains to enhance workers’ lives through flexible staffing solutions.
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