Led · Series A · Jul 2025

XPANCEO develops ultra-thin, multifunctional smart contact lenses that combine nanophotonics, biosensing, AI and extended reality to project AR directly onto the retina. Its lenses feature ultra-miniature microdisplays with a 30° field of view and consume just 1–3 µW of power. Models include continuous health monitoring (non-invasive IOP tracking with ~50% greater precision), tear-fluid biochemical sensors for biomarkers like glucose and cortisol, night vision, color correction, optical zoom, and the ability to share third‑party views. The system uses a compact companion device for wireless charging and external data processing; radiation levels are reported as comparable to standard headphones. XPANCEO has produced 15 working prototypes and contributed to 110 scientific publications while pursuing regulatory preparation and pilot testing. The company targets healthcare, defense, industrial AR and consumer markets and aims to replace multiple personal devices with a single wearable interface. Xpanceo develops smart contact lenses that use optoelectronics and new 2D-like materials as an alternative to silicon-based processing. Its team of more than 50 scientists and engineers has built multiple prototype lenses across three initial use cases: night-vision/3D, measurement/precision (clinical) vision, and holographic augmented-reality experiences. The company has also built an AI platform to support development and plans to use neural interfacing to let wearers control applications without awkward eye movements or external controllers. Xpanceo reports having applications in progress for 24 patents and aims to merge the three prototype functionalities into a single lens by 2025–2026. Founded in 2021 and based in Dubai, the startup was previously bootstrapped prior to the announced funding.

Led · Series A · Apr 2024

Fortis is a UAE-based fintech focused on retail tech that provides streamlined order management, customized loyalty programs, and all-inclusive business operation tools to help merchants run online and offline operations. The company emphasizes improving interfaces and user experience across its product suite and building omnichannel capabilities to ensure consistent customer experiences. Fortis has ten years of operating experience and is positioning its platform to strengthen relationships between retailers and consumers and help small businesses increase revenue. Management says the company will enhance integrations with external platforms and form strategic alliances with payment systems, banks, and B2B service providers. A portion of the new capital will be used for brand-building initiatives, expanding regional presence, and adding talent to support growth. The company plans to expand its services within the UAE and across the broader MENA region.