Latest news with #DaraHoldings
Bloomberg
21-02-2025
- Business
- Bloomberg
Billionaire Saudi Heiress Bets on Female Founders in Deal Spree
The investment firm of one of Saudi Arabia's richest women is upping bets on female-led businesses, helping to plug a gender financing gap in the male-dominated region. Dara Holdings, billionaire Lubna Olayan's family office, has made a series of investments since mid-2024 in United Arab Emirates-based startups founded by women. Her firm participated in a $10 million seed funding round disclosed this month for a Dubai-based artificial intelligence startup co-founded by former Google executive Dina Alsamhan.
Zawya
28-01-2025
- Business
- Zawya
BioSapien extends funding to $7mln, places UAE as global medtech hub
UAE – Healthtech BioSapien has successfully extended its pre-Series A funding round to $7 million, anchoring UAE's position as a global medtech hub, according to a press release. The platform will use the investment to tackle escalating cancer rates by leveraging advanced 3D printing technology. MediChip™ offers an advanced approach to deliver localised treatment, reducing systemic side effects, and improving patient outcomes. The funding will accelerate clinical trials in the UAE for MediChip™, BioSapien's patented 3D-printed, slow-release drug delivery platform. Additionally, the capital will be allocated to product development and scaling manufacturing capabilities. Meanwhile, the UAE clinical trials set to begin in the second quarter (Q2) of 2025. The extension follows December's $5.50 million pre-Series A funding round, which was led by MENA's leading VC firm Global Ventures, with additional participation from Dara Holdings. Khatija Ali, CEO and Founder of BioSapien, said: 'Together, we are working towards a future where localized cancer treatment becomes the global standard.' Michael Lints, Partner at Golden Gate Ventures MENA, commented: 'Investing in BioSapien aligns with our commitment to supporting transformative technologies that address significant global challenges.' 'This investment not only supports a groundbreaking technology but also reinforces the Gulf region's role as a global leader in healthcare innovation,' Lints added.
