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Venture Capital
FINANCE | Investment Firms & Funds
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Investments

62

Portfolio Exits

1

Funds

3

Partners & Customers

4

About 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

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Global Ventures Web Traffic

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Page Views per Million (PVPM)
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Latest Global Ventures News

Lift Global Ventures agrees to acquire Miriad Limited

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.

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Global Ventures Investments Activity

investments chart

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

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$99M

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10

6/7/2022

Seed VC - II

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$99M

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10

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

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Amount

$12M

$8M

$5.2M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

8

1

1

10

10

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

$99M

5

Date

6/24/2022

Exit

Acquired

Companies

Valuation

$99M

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

$99M

10

Global Ventures Fund II

10

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

$99M

Sources

1

10

10

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

Ireland

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10

12/15/2020

Partner

United States

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10

5/20/2020

Partner

United Arab Emirates

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10

Date

4/3/2021

3/31/2021

12/15/2020

5/20/2020

Type

Partner

Partner

Partner

Partner

Business Partner

Country

Ireland

Ireland

United States

United Arab Emirates

News Snippet

UAE, Saudi Arabia drive regional growth for startup sector - News

Meanwhile , venture capital firm Global Ventures announced a strategic partnership with Accenture .

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Sources

1

10

10

10

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

Chief Operating Officer

Current

Noor Sweid

Managing Partner

Current

Basil Moftah

General Partner

Former

Name

Medea Nocentini

Noor Sweid

Basil Moftah

Work History

Title

Chief Operating Officer

Managing Partner

General Partner

Status

Current

Current

Former

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