An exclusive crowd investing platform for early stage companies has been launched in Dubai by a duo of local serial entrepreneurs.
Venturefin, a brainchild of Ibrahim Jaber and Ahmed Al Qassimi, aims to connect qualified investors to early stage companies worldwide.
The Hult Prize, a start-up accelerator for social entrepreneurship, and the Sustainability Platform, a social impact consultancy, will serve as partners in providing a pipeline of high-impact start-ups that meet the company’s stringent criteria.
Speaking about their platform, Jaber said, “Our aim is to find the most promising businesses – from start-ups to existing companies with high-growth potential – and back them with smart investment and advisory services, from the financial to the intellectual, becoming true partners with our Venturefin-backed businesses by helping them succeed and ultimately scale their business beyond what could have been possible alone. We have been there before and done it ourselves, and our experience can help any early stage company scale in a sustainable manner.”
Knowing the potential for the crowding investing industry in the Middle East, Jaber and Al Qassimi leaned on personal experiences within the entrepreneurial space to educate the platform. Al Qassimi added: “We know from the statistics and from our own personal experience that receiving financing as small business owners is one of the biggest challenges entrepreneurs face.
“Venturefin accelerates opportunities for entrepreneurs, thus promoting job creation and prosperity both in the UAE and around the world.”
The platform’s advisors include Sheikh Sultan Sooud Al-Qassemi, founder of the Barjeel Art Foundation; Ahmad Ashkar, founder of the Hult Prize; Rehan bin Noor Pathan, chairman and managing partner at Takseem & Chairman of 800 Inc; and a number of other veteran investors, entrepreneurs and advisors.
Sheikh Sultan Al Qassimi commented: “Venturefin isn’t just disrupting the way we invest, Venturefin is reimagining the way we think about investing and the way businesses succeed, breaking down barriers to support the achievement of innovative entrepreneurial ambitions.
“We see massive growth potential in the MENA SME space, with the majority of businesses in the region fitting this profile. As economies in our part of the world mature and innovate, we are honoured to be a unique platform bringing smart capital to serve as a catalyst in this global transformation.”For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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