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Venture Capital
eq2ventures.com

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Investments

7

About EQ2 Ventures

EQ2 Ventures is a Dubai-based evergreen investment company that invests in Seed to Series B stage companies.

EQ2 Ventures Headquarter Location

Choueiri Group Building

Dubai,

United Arab Emirates

+971 4 454 55 66

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Latest EQ2 Ventures News

Hala raises $5 million

Aug 30, 2021

Hala raises $5 million Abu Dhabi-based car insurance provider hala has raised $5 million in a Series A funding round led by Entrée Capital, with participation from Mubadala Investment Company, EQ2 Ventures, Global Founders Capital, 500 Startups, and Hambro Perks Oryx Fund. To date, the company has raised $7.2 million. Founded in 2018, Hala allows users to buy motor insurance policies in the UAE through its underwriting partner, AL Itthihad Al Watani. The funds will be used to expand its new products such as home insurance, as well as growing the company further in the rest of the Middle East, starting with Saudi Arabia. “People would love insurance if insurance loved them back. The region’s insurers have focused too hard on selling a product before understanding the customer’s knowledge and preferences. Hala aims to bridge the gap between insurance misconceptions and people’s needs. We’re proud to have partnered up with the regional and global investors to make this vision a reality.” – Walid Daniel Dib, the CEO and co-founder of Hala. “We met Karim and Walid last year and we’re immediately taken by their startup mentality, their will to succeed and their ability to analyze and build Hala with very little capital. From a serendipitous meeting, our relationship has grown and we found their approach to build a tech driven, disruptive insurance company in the Middle East to be an exciting prospect so we have put our full weight behind the team and look forward to many successes ahead.” – Avi Eyal, co-founder and Managing Partner, Entrée Capital. Share this A really good email covering top news. Leave this field empty if you're human:

EQ2 Ventures Investments

7 Investments

EQ2 Ventures has made 7 investments. Their latest investment was in Hala as part of their Series A on August 8, 2021.

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EQ2 Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/28/2021

Series A

Hala

$5M

Yes

10

7/15/2021

Seed VC

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$99M

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10

7/12/2021

Seed VC - III

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$99M

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10

5/18/2021

Series A

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$99M

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10

3/29/2021

Seed VC - II

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$99M

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10

Date

8/28/2021

7/15/2021

7/12/2021

5/18/2021

3/29/2021

Round

Series A

Seed VC

Seed VC - III

Series A

Seed VC - II

Company

Hala

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Amount

$5M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

10

10

10

10

10

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