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Meraas

King Salman Bin Abdul Aziz Al Saud Street, Al Sufouh 2, Building 5, Dubai, United Arab Emirates

Overview

Meraas was established to make a positive contribution to the National economy. By creating a portfolio of investments in various industry sectors, They seek to generate long term wealth enhancement to the economic and social development of Dubai. In order to capitalize on opportunities in Dubai and beyond, Meraas is pioneering several initiatives in various macroeconomic sectors including tourism, leisure, real estate, development and asset management.

Total investments
2
Lead investments
0
Investments · 12mo
0
Active investors
4

Sector focus

  • Property Management
  • Real Estate
Visit website

Investment portfolio

  • Jawbone Health

    Participated · Equity · May 2019

    Jawbone Health offers a clinical-grade personalized subscription service that aggregates continuous health data and applies machine intelligence to drive behavior change and early disease prevention. The company plans to make its own monitoring devices and provide them free with the subscription. An SEC filing shows the company has raised $65.4 million. LinkedIn indicates the team is roughly 51 people and includes VP of engineering Jonathan Hummel and VP of Informatics Yaniv Kerem, an emergency medical physician. Coverage highlights significant competition (sleep rings, sensor bracelets, smart textiles and the Apple Watch). The company traces back to work Rahman began in earnest in summer 2017 following the winding down of his prior Jawbone hardware business.

  • AeroFarms

    Participated · Series D · Oct 2017

    AeroFarms operates a 138,670-square-foot vertical farm at Cane Creek Centre in Ringgold, Virginia, where it produces micro bok choy, kale, broccoli, arugula and other microgreens for chains such as Whole Foods, Harris Teeter and The Fresh Market. The company shifted its commercial production from New Jersey to this Virginia site in April 2023 and has signaled plans to build a second farm, having begun pre-construction work using recently raised equity. Despite filing for Chapter 11 bankruptcy in 2023 and experiencing the withdrawal of support from its largest investor in December 2025, AeroFarms continues to seek strategic and long-term financing solutions. As of mid-January 2026, it employs about 135 people, though 127 positions could be eliminated if the farm closes on February 27. In August 2025 the firm refinanced debt and secured equity from existing backers Grosvenor Food & AgTech, Ingka Investments and Cibus Capital, while Siguler Guff supplied an asset-based loan. The current short-term funding extends operations only through late February 2026, underscoring the company’s ongoing liquidity challenges and need for stable capital.

Team

  • Mukesh Sodani

    Founder

  • Gavin Payne

    Head of Digital

    LinkedIn
  • Ajay Rathi

    CIO

    LinkedIn
  • Abdulla Al Habbai

    Chairman