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Proteinea’s application of AI in protein engineering and biotherapeutics design exemplifies the advancements we aim to foster. With the development of Ankh, an unprecedented protein transformer, Proteinea is advancing healthcare to become more proactive, precise, and personalized. This partnership underscores our commitment to nurturing innovations that promise a healthier tomorrow.
We are excited to announce our latest investment in Ad-Shield, a provider of innovative adblock recovery solutions. Shorooq Partners lead this investment, highlighting our dedication to bridging groundbreaking technologies across Asia and the MENA region. With an astonishing 90%+ adblock recovery rate and global publishers onboarded in just a few months, Ad-Shield is reshaping the future of digital advertising.
From transformative investments in digital warehousing to pioneering additive manufacturing for spare parts, Immensa has been committed to setting new industry standards in the MENA region. Read about their journey towards creating a more efficient and sustainable world through comprehensive application of AI across the manufacturing processes.
Shorooq Partners shines in the spotlight of Korean media, showcasing our leadership in the K-MENA alliance. With Nathan Kwon's insights in Munhwa Ilbo highlighting our pivotal role in bridging South Korea's deep tech with the Middle East, we're driving innovation and collaboration across borders.
Amidst the GCC’s recent efforts to forge stronger economic ties with global counterparts, Shorooq Partners has played a pivotal role in bridging the gap between the Middle East and the Far East. Our colleagues, Shane Shin and Nathan Kwon, had an exclusive interview with the Korean Press EDAILY, offering insights into our firm's perspectives and aspirations.
Why did we invest in Pearl Semiconductor? Shorooq Partners shares the Company’s grand vision – one that sees Egypt as a vibrant hub teeming with highly skilled design engineers. Our ambition for the Company reaches beyond technology; it’s about unlocking the untapped potential of the vast, yet underutilized talent pool, capable of innovating differentiated products.
We are excited to unveil a new chapter in our journey – a venture into the semiconductor landscape with our investment in Pearl Semiconductor, a fabless semiconductor company specializing in Timing ICs and Reference Clocks. Before we delve deeper into this pioneering collaboration, let’s embark on Pearl’s journey in semiconductor innovation, a narrative that traces back to the early 1990s.
In an exclusive interview with Fox News, HRH the Crown Prince Mohammed bin Salman made a powerful declaration: "the greatest success story of the 21st century is Saudi Arabia." These words not only reflect his unwavering belief in the nation's potential but also echo his steadfast commitment to a future defined by innovation and prosperity – all of which resonate deeply at Shorooq Partners.
We're thrilled to announce our latest investment in Virtualness. Virtualness, recognizing the impact of technology on the rise of the global creator economy, has embarked on a journey to amplify this impact with AI and blockchain towards a Web 3.0 future. Their belief is clear - everything that can transition from a physical form to digital will make that leap.
The central issue with Unity's new Runtime Fee isn't just messaging or financial impact; it's about trust. Developers question whether Unity will make further unilateral changes to their agreements, creating uncertainty and instability in their partnerships.
Clara, a legal operating system, digitizes and automates legal expertise, making it accessible and manageable for founders facing complex legal challenges. With features like a natural language chatbot for legal inquiries, automated contract creation, and visualization tools for cap tables, Clara has been instrumental in simplifying the legal complexities that entrepreneurs often encounter. But Clara doesn’t stop there.
What unites us is the fulfillment of spending our days empowered and surrounded by our portfolio companies. As venture capitalists, our job is to support companies that offer what we, as customers, need and want. Join me as I navigate a day in Riyadh, filled with moments of growth, collaboration, and curiosity.
Last month, Shorooq Partners was reported as the most active investor in the MEAPT (Middle East, Africa, Pakistan and Turkey) region by deployed capital and among the top by number of deals. But our investment activities do not stop inland – we recently invested in Dtonic, a Korean DeepTech company that specializes in data infrastructure software solutions for efficient spatio-temporal big data processing.
중동시장의 문이 열렸고, 지금이 진출할 기회이다.
쇼룩파트너스는 현재까지 총 60개 이상의 회사에 투자한 가운데, 한국 회사는 단 세곳으로, 중동으로 끌고 올 국내 스타트업을 활발하게 모색하고 있다. 직접적인 투자 뿐만 아니라 한국 회사의 중동 진출을 돕기 위해 파트너로서 협력할 예정으로, 중동 진출에 필요한 네트워크를 지원하고 중동 시장에서 쌓아온 노하우를 공유하며 한국과 중동 사이에 가교 역할에 힘쓰고 적극 지원하기를 약속한다.
In this episode of the "Game On" podcast, Tarek Fouad and Sali Elagab from Shorooq Partners, the leading tech investor in the Middle East and North Africa and Pakistan, sits down with Ilya Ereemev, Grigory Bortnik from The Games Fund, and Anton Gorodetsky from My Games to discuss what web3 games are, and what venture capitalists (VCs) look for when it comes to investing in them.
Korean President Yoon’s four-day trip to the UAE has been pivotal in paving the way for further cooperation and mutual trust between the two countries. Shorooq Partners was also present at the the UAE-Korea Business Forum and signed 2 MOUs with Korean companies.
A few months ago, Shorooq Partners facilitated a trip for Saudi delegation to visit key stakeholders in Korea, including but not limited to sovereign wealth funds, unicorns, startups and asset managers. More recently, we have led another Saudi delegation trip to Korea and met with the country’s leading gaming companies, including Kakao Games, Krafton, and Com2uS.
As the Kingdom’s first-ever company to obtain the Saudi Central Bank (SAMA)’s license to operate as a Shari’ah-compliant debt crowdfunding company, Lendo has earned and demonstrated investors’ trust in its financing solutions as a preferred option for small businesses seeking quick access to capital.
We can only imagine how difficult these past few weeks have been for the employees of Capiter and their families. As shareholders, we cannot emphasize enough how grateful we are for your hard work, support and patience.
While Immensa Labs is a key beneficiary of evolving AM and printer technologies, Immensa’s vision of building the region’s largest on-demand AM spare parts platform is nonetheless impeded by technical challenges as well as shortage of digital inventories.
While we look forward to Mozn increase presence in key industries beyond the current focus on the financial services sector, there are two key offerings which we think have the potential to disrupt existing practices and impact change in the years to come.
The great news is that local companies in Saudi Arabia have a high chance of successfully expanding into other countries in the Middle East and beyond because they are starting at the largest economy in the region amidst an unprecedented journey and support driven by the government’s Vision 2030.
One notable development in Korea we wish to introduce one day to the Middle East is a special fast-track listing of innovative startups on the Korean Exchange (KRX). But we believe everything starts with a thought, a discussion, and an action. Please join us in our dialogue and journey of shaping the VC landscape in the MENAP region. For starters, we wholeheartedly agree that SMEs and startups are a key engine of our economy. How can we better facilitate access to capital markets for local startups?
Some believe that AI will play a major role in changing how NPCs interact in the metaverse. NPCs are often used as guides or assistants, but they can also be used for other purposes such as marketing or customer service. With AI, NPCs could become more intelligent, realistic, and lifelike, providing a richer engaging experience for users.
Omer is keen on finding infrastructure plays in the fintech, logistics, and human-capital sectors. He is also interested in consumer businesses, especially those addressing real problems frequently faced by people, and solving it 10x better than available alternatives.
This commitment to expand regionally is a testament to our commitment to forging connections with founders on a wider and sincere level, tapping into other markets, and learning from top-tier talents and investors in the industry.
Decentralized finance using cryptocurrencies and NFTs is still an extremely nascent infrastructure - so nascent that the existing regulatory and legal environment does not accommodate digital assets.
If the news of an artist known as Beeple selling his digital art for a few million dollars didn’t surprise you in 2020, perhaps you were intrigued to hear about a music producer/DJ 3Lau selling his collection of music albums tokenized on the Ethereum blockchain for over $11million in February last year.
There is much debate over how sustainable the recent asset price inflation of Non-Fungible Tokens and whilst there is no doubt signs of a bubble, we do not have a crystal ball to know when this will pop. What is without doubt is that there are always people willing to pay a premium for rarity and that is what we are witnessing here.
The vitality lies in two core business needs – projection and prediction. Company A is better able to predict its future stream of cash flow and use these projections to utilize their cash cycle to save, invest and ultimately grow.