Shorooq Secures 221.7M to Accelerate Tech Innovation Across the MENA Region

Shorooq, a leading multi-dimensional investment firm in the Middle East and North Africa, is thrilled to announce a significant funding milestone as it successfully raised AED 221,700,000. Since its founding in 2017, Shorooq has consistently demonstrated its commitment to nurturing innovation, embracing the philosophy of being “Founders' Partners, Company Builders and Value Investors.” Headquartered in Abu Dhabi and now licensed as a full fund manager in ADGM, Shorooq has cemented its reputation not only within the UAE but across established markets in Saudi Arabia, the United States, and beyond. This robust round of funding will further empower the company’s mission to propel technology startup innovation throughout the region. With an impressive portfolio boasting over 80 startups spanning fintech, platform, and software sectors, Shorooq has emerged as a pivotal force in the regional tech ecosystem. The newly acquired capital will be strategically deployed to accelerate growth among early-stage startups, foster deeper engagement with emerging technologies, and enhance the firm’s extensive support network of mentorship and capital resources. It is a testament to the industry’s unwavering confidence in Shorooq’s strategic vision, as illustrated by their accolades which include the Investor of the Year Award for three consecutive years and recognition as the Fastest Growing VC in the region. With its offices spanning Abu Dhabi, Dubai, Riyadh, Cairo, and even expanding into Korea, Shorooq continues to redefine investment standards and unlock potential across global entrepreneurial landscapes. To explore strategic partnerships or share your pitch deck, please visit www.shorooq.com.