Dubai - Sharikat Mubasher: Oraseya Capital, the venture capital (VC) investment arm of the Dubai Integrated Economic Zones Authority (DIEZ), concluded the fourth cohort of Sandbox, the accelerator program dedicated to tech startups.
Oraseya invested in seven tech startups, with each receiving $150,000 following their success in the program which attracted more than 1,500 applications, according to the company’s press release.
The winning startups are Qureos, Herogo, Lisan, Sthrive, Zoya, JobEscape, and Opteam.
The Sandbox program was designed for ambitious pre-seed to Seed-stage technology entrepreneurs, emphasizing investor readiness, commercial exposure, and growth.
Throughout five months, founders got access to VCs, guidance from seasoned entrepreneurs, and hundreds of hours of hands-on support from some of the region’s best mentors.
Hassan Waheed, Vice President of Corporate Finance and Treasury at DIEZ and Partner at Oraseya Capital, emphasized the company’s commitment to supporting the digital economy sector in Dubai and contributing to the goals of the Dubai Economic Agenda D33.
“Oraseya Capital has invested in startups that have proven high growth opportunities, characterized by creative ideas and innovative visions. Seeking to change the reality and future of the advanced and modern technology sector, we look forward to realizing new levels, all in line with our efforts towards enhancing the competitiveness of Dubai in terms of attracting and financing technology startups, bolstering its stellar reputation as a destination for global investments,” Waheed elaborated.
Moreover, the official revealed that Oraseya Capital led an investment round in Growdash, in addition to a series of investment rounds for several other startups, including RemotePass and iSchool.
