Palm Drive Capital

Palm Drive Capital is a New York-based venture capital firm founded in 2014 that funds early-stage and growth companies across the United States. The firm concentrates on software as a service, artificial intelligence, fintech, e-commerce, and related technology sectors, including deep tech and enterprise software. It maintains offices in New York and Miami and operates across major U.S. tech centers, seeking opportunities in retail, the Internet of Things, and technology, media, and telecommunications sectors.

Salem Bou Aoun

Venture Partner

Seamon Chan

Co-Founder and Managing Partner

Nicholas Hsu

Managing Partner

Cathy Hwang

Venture Partner

Hendrick Lee

Co-Founder and Partner

Past deals in Dubai

Invygo

Series A in 2024
Invygo is MENA's leading car subscription service, offering consumers accessible mobility options via an all-inclusive monthly subscription through its mobile app. It provides dealers with a new revenue-generating business model that reduces depreciation and operational costs.

Invygo

Series A in 2022
Invygo is MENA's leading car subscription service, offering consumers accessible mobility options via an all-inclusive monthly subscription through its mobile app. It provides dealers with a new revenue-generating business model that reduces depreciation and operational costs.

Qashio

Pre Seed Round in 2022
Qashio is a spend management platform based in Dubai, founded in 2021, that provides businesses with tools to efficiently monitor and control their expenses. The platform enables users to create both physical and virtual credit cards, manage budgets, and set usage parameters for employees, including approval workflows and spending verification. By offering real-time tracking and analysis of card usage, Qashio enhances visibility and control over cash flows, streamlining expense management processes. Its comprehensive approach aims to eliminate outdated manual methods, reduce petty cash leakage, and save significant time for organizations, ultimately empowering teams to manage spending in a more automated and transparent manner.
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