Oraseya Capital Invests in Seven Technology Startups
AED 570,000 Investment for Each Startup
Seven technology startups have received an investment of AED 570,000 (USD 150,000) each from Oraseya Capital. The startups were selected after a rigorous application and selection process.
SANDBOX Accelerator Program
The investment is part of Oraseya Capital's SANDBOX Accelerator Program, which is designed to support the growth of tech startups. The program offers a range of resources and services to help startups succeed, including mentoring, training, and access to funding.
The SANDBOX Accelerator Program is a 5-month program that spans two phases. In the first phase, startups will receive seed funding and mentorship. In the second phase, startups will have the opportunity to pitch to investors for additional funding.
About Oraseya Capital
Oraseya Capital is the venture capital arm of the Dubai Integrated Economic Zones Authority (DIEZ). Oraseya Capital invests in early-stage technology companies in the Middle East and North Africa (MENA) region.
The investment in these seven startups is a testament to Oraseya Capital's commitment to supporting the growth of the technology sector in the MENA region.
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