
Investments
62Portfolio Exits
1Funds
3Partners & Customers
4About Global Ventures
Global Ventures is a Dubai-based, growth-focused venture capital firm investing in revenue-generating enterprise technology companies that can scale and create impact through creating massive employment opportunities in emerging markets.
Global Ventures Headquarter Location
The Edge Building Dubai Internet City
Dubai,
United Arab Emirates
Global Ventures Web Traffic
Global Ventures Rank
Latest Global Ventures News
Aug 8, 2022
NewsnReleases by NNR | Posted on LONDON, UK: Lift Global Ventures Plc (AQSE: LFT), an enterprise company formed to identify investment and acquisition opportunities within the financial media and related technology industries, has entered into a share purchase agreement to conditionally acquire the entire issued share capital of Miriad Limited, a financial PR and IR consulting company run by well-known stock market commentator and current Director, Zak Mir. Miriad provides a bespoke, personalised service to small/mid-cap entities in the UK and access to Zak’s deep market insights, vast industry connections and significant social media following. For the year ended 30 June 2022, Miriad reported revenue of £340,684 and an operating profit of £265,098. However, based on the annualised amount of current client retainers, current revenue can be measured slightly higher at £420,000 (spread across 26 companies). The acquisition will help to achieve the Directors’ goal of covering Lift’s fixed costs and providing, not just stability during a time of market turmoil, but an ideal platform from which to launch into the next phase of the Company’s growth strategy. Following the acquisition, Lift will seek to build on and strengthen Miriad’s client base by offering clients the opportunity to work with a listed company at the epicentre of the small/mid-cap arena. Lift Global Ventures will also continue to seek complimentary acquisitions and other business growth opportunities which echo the Company’s strategy and broaden its hold in its field of expertise. The parties have entered into a share purchase agreement for the proposed acquisition of Miriad. The transaction remains conditional upon the satisfaction of certain conditions, including, inter alia, the approval of the resolutions tabled at the general meeting. The consideration for the transaction is £366,667, which is to be satisfied by: (a) a cash payment of £200,000; and (b) the issue and allotment of 4,166,666 ordinary shares in the Company (at an issue price of £0.04 per share) (the “Consideration Shares”). The Consideration Shares issued to the shareholders of Miriad, being Mr Mir and his spouse (the “Sellers”), will be subject to a lock-in restriction on disposals for a period of 12 months from completion of the Acquisition (“Lock-in”). The Lock-in restriction is subject to normal customary exceptions. The agreement has been based upon standard arms’ length terms, and the Sellers have provided customary warranties in favour of the Company. Zak Mir is a director and a shareholder of the Company, and a significant shareholder and sole director of Miriad. The proposed transaction will therefore constitute a related party transaction for the purposes of Rule 4.6 of the AQSE Rules for Companies (“Related Party Transaction”).
Global Ventures Investments
62 Investments
Global Ventures has made 62 investments. Their latest investment was in Cartona as part of their Series A on July 7, 2022.
Global Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
7/25/2022 | Series A | Cartona | $12M | No | 8 | |
7/5/2022 | Seed VC - II | Supy | $8M | Yes | 1 | |
6/21/2022 | Seed VC | Neol | $5.2M | Yes | 1 | |
6/14/2022 | Series C | |||||
6/7/2022 | Seed VC - II |
Date | 7/25/2022 | 7/5/2022 | 6/21/2022 | 6/14/2022 | 6/7/2022 |
---|---|---|---|---|---|
Round | Series A | Seed VC - II | Seed VC | Series C | Seed VC - II |
Company | Cartona | Supy | Neol | ||
Amount | $12M | $8M | $5.2M | ||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 8 | 1 | 1 |
Global Ventures Portfolio Exits
1 Portfolio Exit
Global Ventures has 1 portfolio exit. Their latest portfolio exit was Munch:on on June 24, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
6/24/2022 | Acquired | 5 |
Date | 6/24/2022 |
---|---|
Exit | Acquired |
Companies | |
Valuation | |
Acquirer | |
Sources | 5 |
Global Ventures Fund History
3 Fund Histories
Global Ventures has 3 funds, including Nclude by Global Ventures.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
3/20/2022 | Nclude by Global Ventures | $85M | 1 | ||
4/10/2020 | Global Ventures Fund I | ||||
Global Ventures Fund II |
Closing Date | 3/20/2022 | 4/10/2020 | |
---|---|---|---|
Fund | Nclude by Global Ventures | Global Ventures Fund I | Global Ventures Fund II |
Fund Type | |||
Status | |||
Amount | $85M | ||
Sources | 1 |
Global Ventures Partners & Customers
4 Partners and customers
Global Ventures has 4 strategic partners and customers. Global Ventures recently partnered with Accenture on April 4, 2021.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
4/3/2021 | Partner | Ireland | UAE, Saudi Arabia drive regional growth for startup sector - News Meanwhile , venture capital firm Global Ventures announced a strategic partnership with Accenture . | 1 | |
3/31/2021 | Partner | ||||
12/15/2020 | Partner | ||||
5/20/2020 | Partner |
Date | 4/3/2021 | 3/31/2021 | 12/15/2020 | 5/20/2020 |
---|---|---|---|---|
Type | Partner | Partner | Partner | Partner |
Business Partner | ||||
Country | Ireland | |||
News Snippet | UAE, Saudi Arabia drive regional growth for startup sector - News Meanwhile , venture capital firm Global Ventures announced a strategic partnership with Accenture . | |||
Sources | 1 |
Global Ventures Team
3 Team Members
Global Ventures has 3 team members, including current Chief Operating Officer, Medea Nocentini.
Name | Work History | Title | Status |
---|---|---|---|
Medea Nocentini | AW Rostamani, Orbit Showtime Network, and Booz Allen Hamilton | Chief Operating Officer | Current |
Noor Sweid | dubai future foundation, Leap Ventures, Depa Group, and Accenture | Managing Partner | Current |
Basil Moftah | General Partner | Former |
Name | Medea Nocentini | Noor Sweid | Basil Moftah |
---|---|---|---|
Work History | AW Rostamani, Orbit Showtime Network, and Booz Allen Hamilton | dubai future foundation, Leap Ventures, Depa Group, and Accenture | |
Title | Chief Operating Officer | Managing Partner | General Partner |
Status | Current | Current | Former |
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