Dtec Ventures
Dtec Ventures is the venture capital arm of the Dubai Silicon Oasis Authority, focusing on early-stage technology companies in the MENA region, particularly those based in Dubai. The firm actively invests in businesses that are either disrupting or enhancing traditional industries. Dtec Ventures operates within the Dubai Technology Entrepreneurship Centre (DTEC), a prominent startup incubator established in 2015. DTEC provides comprehensive support to new technology firms, offering office spaces, business licenses, and multiple visas. With facilities designed to foster innovation, DTEC features over 350 workstations, 24-hour access, meeting rooms, and essential office services. Through its initiatives, Dtec Ventures aims to contribute to the growth of the technology ecosystem in the region.
Top Stages
Past deals in Dubai
souKare
Convertible Note in 2020
SouKare operates an e-commerce platform specializing in the sale of contact lenses and sports nutrition products. It offers express shipping worldwide, with a focus on ninety-minute delivery within Dubai. The platform provides users with a convenient shopping experience for immunity boosters, pharmacy items, vitamins, supplements, corrective lenses, and color contact lenses.
paymennt.com
Seed Round in 2019
Paymennt is a mobile-first payments platform designed to facilitate online and in-person transactions for businesses, particularly micro and small enterprises. Founded in 2017 and headquartered in Dubai, United Arab Emirates, with an additional office in Amman, Jordan, the company specializes in providing a simple and efficient payment solution. Paymennt enables users to accept payments through various methods, including payment links, thereby streamlining the payment process and enhancing the overall customer experience. The company also focuses on integrating loyalty and reward points into its payment systems, allowing users to redeem and spend their points seamlessly.
paymennt.com
Seed Round in 2019
Paymennt is a mobile-first payments platform designed to facilitate online and in-person transactions for businesses, particularly micro and small enterprises. Founded in 2017 and headquartered in Dubai, United Arab Emirates, with an additional office in Amman, Jordan, the company specializes in providing a simple and efficient payment solution. Paymennt enables users to accept payments through various methods, including payment links, thereby streamlining the payment process and enhancing the overall customer experience. The company also focuses on integrating loyalty and reward points into its payment systems, allowing users to redeem and spend their points seamlessly.
VUZ
Pre Seed Round in 2017
VUZ is a developer of an immersive video platform and social app for XR and Metaverse experiences. It streams 360-degree video, live events, and interactive entertainment across VR, AR, and other devices, enabling users to access immersive content from anywhere. It offers a large library of content (over 20,000 hours) spanning entertainment, creators, and sports, and features such as gyroscope-based navigation and social sharing to enhance realism and interactivity. It aims to connect people by removing travel, time, and access constraints. Founded in 2017, the company operates with offices in Los Angeles, Dubai, and Riyadh.
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