The Venture Codex

Participated · Series A · Oct 2022

Invygo provides flexible car subscription services across UAE and Saudi Arabia, offering short-term rentals, long-term leasing, and a subscribe-to-own model. The platform lets users book and filter cars online and includes value-adds such as doorstep delivery, replacement vehicles, maintenance, insurance, and a 24/7 helpline. Its subscribe-to-own plan features a low starting fee (~5%), cancel-anytime flexibility without penalty, and an option to pay a remaining amount at lease end to own the car; Invygo is also creating an alternative credit score based on driver behavior and payment patterns and works with financial institutions to provide financing. The company sources cars from local rental partners and dealerships and typically lists roughly 200 cars in Saudi Arabia and 100 in the UAE on a given day. Invygo is not yet profitable and has raised $14.3M to date. The startup aims to grow subscribe-to-own from 10% of its business to 50% overall (70% in Saudi Arabia) and to expand its subscriber base in current markets, with potential future expansion into Qatar, Egypt, or Pakistan.

Led · Seed · Apr 2022

medIQ operates an integrated digital healthcare platform that delivers B2B virtual care and direct services to urban and rural individual customers. Its plug-and-play technology stack links an online pharmacy, laboratory services, GPs and specialists across 32 specialties, nursing staff and dedicated home care teams. A proprietary electronic medical record consolidates patient data to promote interoperability, improve quality and reduce cost of care. The company reports a demonstrated track record of serving more than 300,000 patients in eighteen months. medIQ plans to invest the new funding into tech infrastructure, developing AI and machine-learning tools using its patient data. The startup intends to expand services across 20 Pakistani cities and pursue regional growth.