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May 23, 2024
New Murabba inks piling contract for Mukaab
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May 23, 2024
Centena launches Atlab Shop Online platform in Saudi Arabia
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Private Equities News
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May 23, 2024
OneOrder raises $16mn series-A round to expand in GCC
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May 23, 2024
Birdnest closes significant pre-Series A round
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May 23, 2024
MISA, BIM Ventures launch $100mn startup investment fund
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May 23, 2024
Riyadh to host FII8 in October
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May 23, 2024
Saudi non-oil exports rise by 3.3% in Q1-24
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May 23, 2024
Korea EXIM Bank deploys $1bn in Saudi Ameral project
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May 23, 2024
Immensa pacts with Pelagus 3D to expand in MENA
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May 23, 2024
PIF’s Helicopter Company to have 26 bases covering 90% of Kingdom
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May 23, 2024
Italy’s Fincantieri opens shipbuilding subsidiary in Saudi Arabia
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May 23, 2024
SAMA updates debt-based crowdfunding engaging rules
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Private Equities News
May 23, 2024

New Murabba inks piling contract for Mukaab

Riyadh - Sharikat Mubasher: Saudi Arabia's New Murabba Development Company, owned by the Public Investment Fund (PIF), signed the Mukaab Piling Works Contract with HSSG Foundation Contracting to provide technically advanced foundation solutions,

Investor News
May 23, 2024

Centena launches Atlab Shop Online platform in Saudi Arabia

Riyadh - Sharikat Mubasher: The UAE-based Centena Group, a global conglomerate specializing in science, engineering, education, and technology solutions, launched its innovative educational e-commerce platform, Atlab Shop online, in Saudi Arabia.In a

Private Equities News
May 23, 2024

OneOrder raises $16mn series-A round to expand in GCC

Cairo- Sharikat Mubasher: Egyptian logistics startup OneOrder secured $16 million in equity and debt in a Series A round led by Delivery Hero Ventures, with participation from Norrsken22, Nclude, and A15, a recent statement unveiled.The startup will

Private Equities News
May 23, 2024

Birdnest closes significant pre-Series A round

Cairo - Sharikat Mubasher: Birdnest, a leading proptech startup based in Cairo, successfully closed a significant undisclosed pre-Series A funding round, led by Beltone Venture and CI Venture Capital, to fuel its plans to grow and expand market prese

Funding News
May 23, 2024

MISA, BIM Ventures launch $100mn startup investment fund

Riyadh - Sharikat Mubasher: The Saudi venture studio BIM Ventures signed a memorandum of understanding (MoU) with the Japan-based SBI Holdings to establish a joint investment fund worth $100 million, in partnership with the Ministry of Investment (MI

Private Equities News
May 23, 2024

New Murabba inks piling contract for Mukaab

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Investor News
May 23, 2024

Centena launches Atlab Shop Online platform in Saudi Arabia

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Private Equities News
May 23, 2024

OneOrder raises $16mn series-A round to expand in GCC

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Private Equities News
May 23, 2024

Birdnest closes significant pre-Series A round

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Funding News
May 23, 2024

MISA, BIM Ventures launch $100mn startup investment fund

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Experts Thoughts

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Startup
May 23, 2024

What is meant by Micro-VCs?

By: Kholoud Hussein 

 

What are micro-VCs?  

 

Micro-VCs, or micro venture capital firms, are a type of venture capital firm that invests smaller sums of money into early-stage startups than traditional VCs. They typically invest between $25,000 and $500,000 per deal, and they have a shorter time horizon than traditional VCs (usually 3-5 years).

 

Micro-VCs have become increasingly popular in recent years, as they offer some advantages for both startups and investors. For startups, micro-VCs can provide the early-stage funding that they need to get off the ground. They can also offer valuable advice and mentorship, as many micro-VCs are staffed by experienced entrepreneurs and investors.

 

As for investors, micro-VCs offer the opportunity to get involved in early-stage startups with high growth potential. However, it is important to note that micro-VC investments are also riskier than traditional VC investments. This is because startups at this stage are more likely to fail.

 

The rise of Micro VCs is attributed to several key factors:

 

  1. The Lower Capital Threshold
  2. Fostering Innovation Through Risk Tolerance
  3. Agility and Responsiveness in a Dynamic Market
  4. Empowering Regional Development Through Localized Investment

The rise of Micro VCs also signifies a broader shift towards regional investment. With smaller funds, Micro VCs are more likely to invest locally, bolstering regional startup ecosystems and driving economic development. This localization of investments fosters community engagement, encourages local entrepreneurship, and facilitates the creation of specialized industry hubs across diverse geographical locations.

 

If you are considering investing in a micro-VC, there are a few things you should keep in mind. First, you need to make sure that the micro-VC has a good track record of investing in successful startups. Second, you need to be comfortable with the level of risk involved in these investments. Finally, you need to make sure that the micro-VC's investment philosophy aligns with your own investment goals.

 

How Can Startups Find and Approach Micro VC Funds?

 

The journey of finding micro-VCs and closing a deal includes: 

 

  1. Research: Startups must identify potential micro-VC firms based on factors such as their size, sector, focus, and location. Once identified, startups should create a list of micro-VCs that align with their needs. 
  2. Outreach: Startups can reach out to potential firms through email, social media, or in-person meetings. Leveraging one’s network to find potential leads also helps. 
  3. Pitch: Present your startup to interested micro-VC firms, showcasing its value and potential for investment.
  4. Negotiation: If a micro-VC firm expresses interest, negotiate the investment terms, including funding amount, equity, and deal specifics.
  5. Close: Finalize the deal by signing the investment agreement and receiving the funds.
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Startup
May 23, 2024

Yagoub: Kharja plans to secure $500,000 to expand footprint in Saudi Arabia

Exclusive – Sharikat Mubasher: The Saudi-based intuitive mobile application Kharja aspires to expand its footprint in Saudi Arabia to meet the burgeoning demands of the entertainment sector, in alignment with Vision 2030. To achieve this goal, Kharja plans to raise $500,000 to broaden its operations in the Kingdom.

 

Sharikat Mubasher interviewed Co-founder Khalid Yagoub to learn more about Kharja’s planned fundraising and discover the application’s advantages and offerings in the Kingdom.

 

What differentiates Kharja from other local and global social networking applications?

The Kharja application provides an exceptional and seamless experience for managing and simplifying hangout plans in the Kingdom. It allows users to use a shareable link with family members and friends to invite them to join the hangout.

It also suggests places that fit users’ styles based on their preferences, ensuring an excellent and more interactive experience.

 

What are the advantages of using Kharja in Saudi Arabia?

Kharja application plays a leading role in the Kingdom capitalizing on the increased focus on the entertainment sector within the ambitious Vision 2030. Unlike traditional social networking applications, Khaja specializes in managing and exploring entertainment activities, in addition to providing tailored suggestions and facilitating social gathering activities to enhance users’ experience. Our offerings underpin Kharja’s capabilities and leading role in Saudi Arabia as they strategically align with the national objectives. 

 

What are Kharja’s profit sources?

We earn profits from several sources, notably monthly and annual subscriptions for commercial businesses. These subscriptions enable businesses to manage their profiles on the application and benefit from the tailored promotional features.

Further, the application adopts a smart bidding system for targeted ads; it generates profits from active ads that reach the target audience at the right time.

 

What are the recent funding rounds that Kharka recently raised?

In April 2023, we raised $200,000 in a pre-seed round from Flat6Labs.

 

Do you plan to raise more funding rounds within the upcoming period?  

We plan to complete the pre-seed round to raise our capital. Also, we plan to secure investments of $500,000 to expand our operations, update the application, and broaden our user base by following advanced marketing strategies.

This funding will fuel Kharja’s strategic plans to grow rapidly in the Saudi market.

 

How does Kharja support tourism in the Kingdom?

Kharja provides tourists with an interactive platform to explore activities and discover different tourist hotspots in the Kingdom; it suggests cultural events, tourist attractions, and entertainment activities that match their interests, and provides recommendations based on users’ preferences to enhance their experience.

Moreover, Kharja contributes to promoting tourism in the Kingdom as it helps tourism agencies reach more customers through targeted ads.

 

Translation: Noha Gad

 

 

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