Bupa Arabia Invests in Second Fund of Global Ventures

Global Ventures, a Dubai, UAE-based international venture capital firm investing in emerging market founders, technology and ideas scaling across MEA and the world, received a new investment from Bupa Arabia, a Saudi Arabia based health insurance company.

Bupa Arabia’s participation in Global Ventures Fund II as strategic partner will foster the healthcare ecosystem in the region and particularly in Saudi Arabia. The investment by Bupa Arabia is part of the company’s strategy to participate and invest in innovative healthcare and insurance technologies, amongst other targeted growth sectors. The company had recently announced receiving regulatory approvals to establish Bupa Arabia Ventures; which will expand its investment portfolio in technology companies.

Global Ventures’ second fund is focused on technology companies addressing critical needs and demands in recently accelerated industries. It continues to be a leading provider of capital and value creation for start-ups in the region, with a timely and increasing focus on Digital Health.

Led by Noor Sweid and Basil Moftah, Global Ventures is a UAE-based international venture capital firm, investing in founders and ideas scaling across emerging markets. Global Ventures backs global-minded founders that are leading growth-stage companies and using technology to transform emerging markets. To date, the firm has invested in 44 companies, across 10 markets, using capital from its two funds. Portfolio companies include Altibbi, Arrow Labs, Buseet, Cartona, Elmenus, Floranow, Helium Health, Holiday Me, Mamo, Much:on, Ogram, Paymob, Proximie, Pyypl, Spider Silk, Tabby, Tarabut Gateway, Team Apt, Tribal, Yodawy and Zension.