HALA Ventures Q3 2024 Newsletter

Dear Valued Subscribers,

In this version of our Quarterly Newsletter we will  share with you the latest news and exciting developments at HALA Ventures for the third quarter of 2024. We remain dedicated to empowering early-stage technology startups and fostering innovation across the region.

Building Bridges and Sharing Insights

• Our Founding Managing Partner, Ali Abussaud, delved into the latest trends in fintech and the role of VCs in driving regional innovation during a panel discussion followed by an interview with entArabi. You can access the full interview here .

• Our Value Creation Manager, Nada Helmy, conducted a 3-day training program at The Rising Omani Startups Programme, further strengthening our engagement with the region's burgeoning startup scene.

• Our Value Creation Manager, Nada Helmy, shared her expertise on branding at the Techne Summit in Alexandria. Her workshop provided valuable insights to entrepreneurs and startups looking to build strong brand identities.

• Ali represented HALA Ventures at the AIM Summit, engaging with global leaders in venture capital and exploring future collaborations.

Portfolio Company Highlights: Achievements and More

Here's a closer look on what our portfolio companies achieved in the last quarter:

• This leading Arabic Speech Intelligence provider excelled throughout Q3. They reached the final stage of an international competition in Morocco, garnered recognition at She Loves Tech Middle East 2024, and secured a valuable partnership with RAIZOR to expand their AI-powered virtual assistant solutions.

• VUZ showcased its innovative 3D mapping technology through high-profile collaborations. Their partnership with Al Rajhi Bank and the Saudi Tourism Authority reached over 3.5 million people, while their collaboration with the Saudi Pro League provided immersive 360-degree coverage of matches.

• Telfaz11 Studios achieved a major milestone by partnering with Metis Films Ltd to distribute the award-winning Saudi thriller-drama "MANDOOB" to UK and Irish audiences. This further strengthens their presence in the global cinema landscape.

• This quarter marked significant achievements for Democrance. CEO Michele Grosso received a "Young Leader of the Year" award nomination, and the company was shortlisted for "Strategic Partner to the Industry" at the Middle East Insurance Industry Awards.

• Subsbase received recognition at The Global Economics Awards 2024, garnering awards for "Most Innovative Subscription & Recurring Revenue Management Platform" in Egypt and "Fastest Growing Revenue Management FinTech Company" in the UAE.

• Nearpay became the first company in the region to receive the PCI MPOC certification, setting a new security standard for mobile payment acceptance.

• Quantum secured a strategic investment from HearstLab International, fostering their growth and innovation in the adtech space. Additionally, they partnered with Rotana, marking a new chapter in delivering cutting-edge advertising solutions.

• Lamsa announced the launch of its groundbreaking platform, Lamsa LEARN, designed to revolutionize early childhood education. The platform offers a comprehensive solution for governments and educational institutions, including cultural and curriculum alignment, tailored lesson plans, game-based assessments, and advanced analytics.

From HALA Ventures to ….

Investors: HALA Ventures offers a unique opportunity to invest in promising early-stage technology startups in the Middle East and North Africa region. Our team has a proven track record of identifying and supporting high-potential companies with disruptive technologies. By investing with us, you can capitalize on the region's growing tech ecosystem and contribute to its continued development.

Startups: If you are a technology startup seeking funding and support, HALA Ventures can help you achieve your goals. We provide access to capital, mentorship, and a network of industry experts. Our focus is on empowering entrepreneurs and driving innovation in the region.

Looking Forward

We are inspired by the dedication and innovation showcased by our portfolio companies, and we look forward to supporting their continued success. As we move into the final quarter of 2024, we remain dedicated to identifying and empowering the next generation of tech leaders in the region.

Thank you for your continued interest in HALA Ventures.

Sincerely,

The HALA Ventures Team