Pages Menu
Categories Menu

MEDIA

Token by Storm

Posted on Mar 20, 2018 in VentureSouq

By Tammer Qaddumi – Partner, VentureSouq / Source: LinkedIn – Our primary job at VentureSouq is to understand the pulse of investors who are or could be interested in tech. We don’t limit ourselves to big investment funds. We engage everyone: corporates, family conglomerates, individuals of all shapes & sizes. No question, the loudest and most interesting pulse of the last 12 months was around the ICO of a little-known instant messaging service with a few (180 million) users called Telegram. This thing was so fraught with...

read more

20 Women Venture Capitalists (VCs) of MENA you should know about

Posted on Mar 11, 2018 in VentureSouq

20 Women Venture Capitalists (VCs) of MENA you should know about

Source: menabytes –  According to the Crunchbase Women in Venture report 2017, the percentage of women partners in the top hundred VC firms in the world is 8%. The numbers would look pretty similar in MENA but things have been changing lately with more women getting into venture capital. Some of them are investing in their individual capacities, some have launched their own funds and some are trying to empower individual female investors by building an ecosystem around them. In this list, we are looking at those who are either Managing...

read more

India’s Zoomcar raises $40M led by automotive giant Mahindra & Mahindra

Posted on Feb 16, 2018 in Portfolio Companies

Source: TechCrunch – India’s Zoomcar — which operates an on-demand car rental service — has raised a $40 million Series C round led by Mahindra & Mahindra, the 70-year-old Indian corporation that specializes in automotive. Ford and other existing investors also took part in the round, Zoomcar confirmed. CEO and co-founder Greg Moran added that the round is still open and may be extended with other investors coming in. The deal values Zoomcar at around the $170 million according to Mahindra & Mahindra, which confirmed it has...

read more

Berlin’s Frontier Car Group lands $22M to disrupt emerging markets car sales

Posted on Jan 24, 2018 in Portfolio Companies

Berlin’s Frontier Car Group lands $22M to disrupt emerging markets car sales

Source: Techcrunch –  European founders, adept at launching startups which cross many international borders are fast ganging a reputation for launching in emerging markets. In countries where markets are often still very chaotic, there remains a host of opportunities. That’s evidenced by the news today that the Frontier Car Group, which builds and runs marketplaces for used cars in emerging markets, has closed a $22 million investment, which was co-led by Balderton Capital, EchoVC+ and TPG/Satya. Also included was NEA, Partech Ventures...

read more

Zoomcar launches PEDL at IISc Bangalore campus with 100 cycles

Posted on Jan 11, 2018 in Portfolio Companies

Zoomcar launches PEDL at IISc Bangalore campus with 100 cycles

Source: The Economic Times –  After a 7-city wide launch, Zoomcar’s bicycle sharing service PEDL has kicked off at IISc, Bangalore with an aim to provide a convenient and eco-friendly option for short trips around the city. PEDL has deployed over 100 cycles at the campus, serving the local use cases for students and professors such as moving around the campus for short distance tasks. “Since the launch, we have achieved over three lakh plus rides across 7 cities,” says CEO and co-founder of Zoomcar, Greg Moran. “PEDL...

read more

Drones Spray Tree Seeds From the Sky to Fight Deforestation

Posted on Nov 29, 2017 in Portfolio Companies

Drones Spray Tree Seeds From the Sky to Fight Deforestation

Source: National Geographic –  These innovators are combating climate change and restoring forests with the latest technology. Every year, about 15 billion trees are cut down to make way for agriculture, mining, logging, and urban sprawl. Such mass deforestation has accelerated global warming and imperiled the survival of millions of species. Though many nations, organizations, and even individuals have tried, no one has been able to plant enough trees to make up for that loss—but some innovative entrepreneurs are working on a high-tech...

read more

Wanted: (More) Female Investors In The Middle East’s Startup Ecosystem

Posted on Nov 23, 2017 in VentureSouq

Source: Inc Arabia – Is the number of funded female-led MENA startups really rising at all? There is no shortage of headlines lauding the rise of the female entrepreneurs in the Middle East and the growing support from the public and private sectors to fund female entrepreneurs.  But is the number and the total funding support for funded female-led startups truly growing? An ArabNet report showed the percentage of female-led startups that were funded in 2016 rose to 26% compared to 14% a year ago—the most significant jump since ArabNet...

read more

This company wants to regrow Earth’s forests with drones

Posted on Oct 11, 2017 in Portfolio Companies

This company wants to regrow Earth’s forests with drones

Source: CBS News – Along with taking lives and causing millions of dollars in property damage, the wildfires in California this week are scorching the land in another way: Millions of trees are being destroyed. The blazes have charred more than 770,000 acres in the state alone, as fires around the country seemingly grow more destructive by the year. Yet even that eye-opening number is a fraction of the devastation happening globally. The planet loses billions of trees every year due to a range of factors, including fire, illegal logging...

read more

Start-Up Bets on Tech Talent Pipeline From Africa

Posted on Oct 10, 2017 in Portfolio Companies

Source: The New York Times – When Tolulope Komolafe first heard the pitch, she was skeptical. A fledgling company in Lagos, Nigeria, would pay her to learn how to write modern computer code and then offer her a good job in the high-tech economy. “I thought it was a con,” she recalled. “Too good to be true.” After inquiring, Ms. Komolafe found the offer was real. Today, she is a software developer, working remotely from Lagos for a start-up in New York, and she dreams of starting her own tech company someday. Ms. Komolafe, a 27-year-old...

read more

VentureSouq’s Sonia Weymuller on mentorship and a soft skill you should remember

Posted on Oct 3, 2017 in VentureSouq

VentureSouq’s Sonia Weymuller on mentorship and a soft skill you should remember

Source: Entrepreneur Middle East –  As an outspoken advocate for mentorship of young innovators and entrepreneurship in the region, Sonia Weymuller, Founding Partner at VentureSouq, has had her fair share of guiding entrepreneurs and students. In this #EntMETalks episode, as a third-time mentor of the e7 Daughters of the of the Emirates project, Weymuller continues to share her enthusiasm as a proactive and engaged mentor. Weymuller calls it an enriching experience from “an inter-generational and cross-cultural perspective,”...

read more