Oraseya Capital invests in 7 tech startups via Sandbox: UAE

Sandpitsome acceleration program Hi The capital of Oraseya and Dubai Integrated Economic Zones Authority (DIEZ) recently graduated their fourth cohort. This program, which aims to help technology startups grow, received over 1,500 applications. Seven startups were selected to receive investment AED 570,000 ($150,000) each from Oraseya Capital.
Hassan Waheed, Vice President, Corporate Finance and Treasury at DIEZ and Partner at Oraseya Capital, expressed pride in the progress made by Oraseya Capital since its launch in late 2023. He highlighted Sandbox’s role in promoting the growth of small and medium-sized enterprises across sectors and supporting Dubai’s Economic Agenda D33. Waheed also highlighted its commitment to boosting Dubai’s digital economy and competitiveness in attracting and funding technology startups.
In addition to investing through Sandbox, Oraseya Capital led an investment round in Growdash, a restaurant marketing and operations SaaS platform, and has participated in funding rounds for startups like RemotePass, an HR technology platform, and iSchool, an EdTech company.
The seven startups funded in the fourth cohort of Sandbox are Qureos, Herogo, Lisan, Sthrive, Zoya, JobEscape, and Opteam. These startups span sectors such as tech recruiting, sustainable food tech, AI, B2B SaaS, fintech, productivity, and construction project management.
Saad Malik, CEO of Zoya, and Alex Epure, CEO of Qureos, praised the Sandbox program for the mentorship, supportive community, and structured approach that helped their startups grow.
The Sandbox Accelerator is a 5-month program with an 8-week “evaluation phase” and a 3-month accelerator phase, offering mentoring, workshops, and networking with regional investors. The fifth edition of the Sandbox, which has already received over 1,100 applications, will begin in September 2024.