Daal VC
Prince Turkey St, Al Yarmouk, Al Khobar, Ash Sharqiyah, 34423, Saudi Arabia
Overview
Daal is a venture capital that aims to connect the most promising IT opportunities around the world with the talent and leadership of world-class investors based in Saudi Arabia. As offshoot of storied investment company, Sumou Holdings, Daal represents the bridge to a future that recognizes two certainties: the importance of IT innovation and the need for the GCC region to connect with and welcome the best and brightest emerging companies from around the world. The aim of Daal is to create excellent opportunities for investment by providing mentorship and business development insights to companies within the IT space. The Daal team has the experience to guide and nurture the growth of these companies on the international stage. This is especially true for emerging companies looking to expand into the Middle East and penetrate the Saudi market. As a VC fund, Daal offers its investors a chance to participate in high-growth opportunities unique to the IT sector. Daal is led by investors and principles who are committed to bringing innovative companies to the GCC region.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 1
Sector focus
- Venture Capital
Investment portfolio
- Dabchy
Participated · Seed · Sep 2019
Dabchy operates a peer-to-peer online marketplace that enables users to sell and buy pre-used and new clothes. The Tunis-based startup was founded in 2016 and reports a community of over 400,000 users across Algeria, Morocco and Tunisia, with its Android app downloaded more than 100,000 times. The platform has facilitated more than 100,000 transactions to date and the company employs 11 people. Dabchy says it will use the new funding to expand its team, broaden its regional footprint, invest in product development and scale the platform. The startup is focused on further expansion into Egypt and Morocco and aims to become the leading fashion marketplace in the region while empowering women micro-entrepreneurs and promoting sustainability. It has participated in international programs including the Look Forward incubator in Paris and the Womentum Accelerator.
Team
Abdulrahman Al-Qahtani
Chief Executive Officer
LinkedIn