• POSRocket

  Participated · Equity · Aug 2018

  POSRocket develops cloud-based POS software launched in 2016 to help restaurants and other retailers manage inventory, optimize staffing, generate sales reports, and monitor transactions remotely in real time. Its product targets SMEs and is designed to avoid complex on-premise setups or dedicated IT staff. The majority of the company's customers are in the MENA region's F&B vertical, though the product is positioned to serve retail, services, and entertainment verticals as well. POSRocket emphasizes features that enable scaling operations, improving customer experience, and reducing overhead. The startup plans to invest its latest funding into product research and development, operations management, talent acquisition and training, expanding sales into untouched MENA markets, and forming long-term partnerships. Financially, this is POSRocket's second funding round, bringing its total raised to about $2.15 million to date.

• Democrance

  Participated · Seed · Nov 2017

  Democrance operates a B2B SaaS platform that enables insurers to launch insurance products and digital sales channels in a few weeks without impacting legacy IT systems. The platform supports property & casualty, life, and health insurance products. Democrance sells to large insurance groups and other clients seeking to digitize processes and expand insurance penetration across different customer segments. The company plans to use the new funding to accelerate growth, achieve profitability, and expand into new geographic markets. As part of that expansion, Democrance has opened an office in Riyadh to enhance its presence in the Saudi Arabian market. Co-founder and CEO Michele Grosso emphasized strong demand for digital transformation among major insurers. Democrance is an insurtech startup based in Dubai that builds a digital platform to enable partnerships between insurance companies and mobile network operators. Its platform lets insurers reach customers via their mobile phones and administer policies through a fully digital, automated system. Mobile network operators can use the platform to offer insurance programs that increase customer loyalty and generate new revenue. Democrance aims to extend protection opportunities to populations that were previously excluded. The company plans to use the seed funding to continue developing its technology platform and to grow the team. Leadership named in the article includes Michele Grosso (CEO), Alberto Perez (COO) and Damian Dimmich (CTO).

No current team members are available.