Knuru Capital

Knuru Capital, founded in 2018 and headquartered in Dubai, United Arab Emirates, is a growth equity firm that focuses on equity and credit opportunities primarily in the fintech and marketplace sectors. The firm targets high-growth businesses across the Gulf Cooperation Council (GCC), Africa, and Southern Europe. Led by a team of experienced investors and entrepreneurs, Knuru Capital leverages extensive cross-asset class expertise to identify and support innovative technology ventures. The firm's strategic approach aims to drive growth and facilitate development in dynamic markets.

Alain Dib

Co-Founder and CEO

Past deals in Gulf Cooperation Council

Alma Health

Series A in 2023
Alma Health is a digital healthcare platform based in Hub71, Abu Dhabi, that focuses on managing chronic illnesses for patients in the Gulf Cooperation Council (GCC) region. With an addressable market of 20 million patients, Alma Health offers a comprehensive suite of services, including virtual doctor consultations and a cloud pharmacy. The platform is designed to simplify the experience of individuals living with chronic conditions by providing personalized services, such as digital treatments and at-home monitoring systems. By leveraging technology, Alma Health seeks to enhance patient care and streamline the process from medical consultations to prescription delivery, ensuring a patient-centric approach to healthcare management.

The Giving Movement

Series A in 2022
The Giving Movement is a sustainable fashion brand focused on direct-to-consumer sales, specializing in activewear and streetwear. The company aims to transform perceptions of sustainable fashion in the region by offering a diverse range of products for men, women, and children, including sweatpants, leggings, jackets, and accessories. These items are crafted from recycled materials, such as plastic water bottles and bamboo, ensuring that customers can enjoy stylish and trendy apparel while contributing to environmental preservation. The brand provides same-day delivery in the UAE and services customers across the Gulf Cooperation Council, making it accessible and convenient for its clientele.

Joi Gifts

Series A in 2021
Joi Gifts is a retail company based in the United Arab Emirates, specializing in an extensive range of gift items through its online platform. Founded in 2015, Joi Gifts offers gifts for various occasions, including Christmas, birthdays, anniversaries, corporate events, and romantic gestures. The company's product lineup includes flowers, cakes, gourmet items, gift bundles, balloons, and personalized gifts, with a focus on same-day delivery in major metropolitan areas. Additionally, Joi Gifts provides experience gifts such as access to amusement parks and salons, enhancing the gift-giving experience. The company's mission is to bring joy through thoughtful gift selection, making it easier for individuals to celebrate special moments with their loved ones.

The Luxury Closet

Series C in 2018
The Luxury Closet is a pioneering online marketplace in the GCC region dedicated to the buying, selling, and consignment of luxury items, with a focus on pre-owned products. By ensuring the authenticity and integrity of each item, the platform allows customers to purchase designer goods at discounted prices. With its significant market reach and impressive scalability, The Luxury Closet has experienced rapid growth, achieving double-digit monthly increases in sales since its inception. The platform serves as a trusted venue for individuals seeking to access authentic luxury items while promoting a sustainable approach to fashion consumption.
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