in5 launches a space dedicated to investors to stimulate investment and entrepreneurship in the region
in5, TECOM Group’s enabling platform for technology, design and media entrepreneurs, has announced the introduction of a brand new dedicated space to welcome angel investors, venture capitalists and institutional investors at the heart of the in5 Tech hub in Dubai Internet City.
An extension of in5’s current offerings, the permanent space will allow investors to directly engage startups at in5 for funding and partnership opportunities, reinforcing Dubai’s global status as an attractive destination for investment and entrepreneurs. . The announcement was made during Step Conference 2022, Dubai’s largest tech festival held in strategic partnership with Dubai Internet City.
This one-of-a-kind space offers the growing number of investors entering the UAE business ecosystem a common meeting and working ground to engage each other as well as ambitious entrepreneurs at the heart of a community. thriving startups. in5 has always facilitated access to investors for companies at different stages of their entrepreneurial journey, from seed funding to raising Series A funds. The addition to the framework of the enabling platform aims to give entrepreneurs unhindered access to potential investment opportunities and coaching sessions to drive growth and innovation.
In recent years, the MENA region has become a hotbed of investment activity, paving the way for increased funding for emerging startups. According to the region’s leading data platform, MAGNiTT, the MENA region saw $2.6 billion in venture capital funding in 2021 – the highest the region has ever seen. The UAE has been the most active market, with startups accounting for 45% of all funding raised in the region in 2021. A favorable business environment, a growing number of startups, and its strategic location between East and West bolster the attractiveness of the UAE to VCs and investors from around the world. Government-led initiatives have contributed to the country’s ranking as the best place to start a new business in the latest Global Entrepreneurship Index, which is likely to further fuel investor interest in the MENA region.
in5 aims to further improve the investment climate by facilitating investor access to leading startups in its ecosystem. At the end of 2021, in5 startups reached a new milestone by crossing the AED 1.4 billion investment mark, a testament to the strong position of the emirate and its favorable environment for promising investment opportunities. Direct investments came from venture capital and angel investors.
More than 500 companies have been supported by the incubator since its creation, a quarter of which are led and managed by women entrepreneurs, almost twice as many as the regional average for SMEs owned by women, according to the World Bank, and in accordance with international standards in places like Australia, Europe and North America.
Speaking about the latest addition to in5, Majed Al Suwaidi, Managing Director of Dubai Media City, said: “Over the past twenty years, Dubai has succeeded in creating a globally competitive business ecosystem and has become an attractive destination for entrepreneurs and investors around the world. world. A comprehensive physical and digital infrastructure and conducive business framework have created a fertile environment for talent and startups to grow, thrive and innovate, and in5 plays an important role in providing them with a supportive platform from which to grow. to throw.
“Facilitating access to finance has always been an integral part of our offerings – it is what has enabled our startups to reach new milestones and grow regionally and internationally. It’s important for us to continue to adapt our offerings as the global investment landscape changes, and the latest addition to in5’s key benefits is an innovative solution to continue nurturing the wealthy entrepreneurial spirit and ambitious in the region.
The future of financing
Located at in5 Tech – Dubai Internet City, the space offers flexible office solutions for independent investors and venture capital organisations. Common areas and fully equipped meeting rooms will provide members with spaces to connect and engage with 5 startups as well as peers.
A digital live feed portal will also provide real-time information and funding rounds to identify investment prospects and budding unicorns.
in5 offers a lively calendar of events including specialist networking events, expert keynotes and coaching workshops to nurture a new generation of investors in the region. Even entrepreneurs can benefit from expert-led training seminars to improve their presentations, seek expert advice, and drive success.
Writing the success story of the Dubai startup
in5 is bringing its expertise and network of nearly a decade as one of the country’s leading incubators to Step Conference 2022 as the conference’s Start Track Program Lead Partner. It highlights 11 of its top tech startups, including food-tech disruptor Grubtech, cloud-based no-code SaaS app Beezr, as well as new era digital sampling platform, Hamples. Emerging businesses and entrepreneurs attending the conference can also make the most of one-on-one consulting sessions from industry experts at in5 Mentor’s Corner.
A Legacy of Success
in5 was launched as a tech-focused business incubator before growing and scaling rapidly with state-of-the-art centers supporting tech, media and design startups. Notable startups that have managed to secure significant investment through the incubator include Tabby, the buy-it-now, pay-later platform, which raised around AED485 million last year and is working now with leading retail brands such as adidas, Ikea and Shein. Sunglasses e-commerce company Eyewa, which secured a total funding of AED 77 million, has also attracted a large following for its fast delivery, quality service and list of brands.
Other innovative players include agri-tech start-up Desert Control, which successfully raised approximately AED85 million in its initial public offering (IPO) on Euronext Growth Oslo, a multilateral trading platform operated by the Oslo Stock Exchange. GrubTech has raised US$13 million in a Series A funding round, accelerating its expansion into international markets. Automotive subscription platform and in5 alum Invygo has raised over AED 15 million in multiple rounds, while FinTech startup Ziina has successfully raised over AED 31 million.