VC React Podcast (E7): NVIDIA Acquisitions, Technical VCs, BNPL Model, Accelerator Startup Reviews

Aug 8, 2024

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VC React Podcast:

Every week, we bring you insights and reactions from top VCs, reacting to the latest news on MENA startups, VCs, and investment rounds. Stay tuned for: expert analysis, independent opinions, and maybe some heated conversations! Host: Ahmad Takatkah, VCpreneur. Sign up to VCpreneur Newsletter on ⁠⁠⁠https://www.vcpreneur.com/⁠⁠⁠ Co-Host: Jamie Lane, FWDstart. Sign up to FWDstart Newsletter on ⁠⁠⁠https://www.fwdstart.me/⁠⁠⁠

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Guests: 1. Saud Alsahhaf, Senior Associate @ Impact46 - LinkedIn Profile: https://www.linkedin.com/in/saudalsahhaf/ - VC Firm Website: https://impact46.sa/ 2. Zeina Mandour, Venture Investment Manager @ Dar Ventures - LinkedIn Profile: https://www.linkedin.com/in/zeina-mandour-38541260/ - VC Firm Website: https://dar.com/ #startups #vc #tech #ai #investments #entrepreneurship #venturecapital #venturedebt #privatecredit #privateequity #finance #business #ipo #acquisitions #revenuebasedfinancing #fintech #climatechange #edtech #accelerator #cvc --- News of the week brought to you by FWDstart. In Today's Episode: - NVIDIA Purchases AI Platform Brev.dev from Nama Ventures’ Portfolio Source: Waya Media Summary: Nama Ventures announces NVIDIA’s acquisition of Brev.dev, enhancing access to AI chipsets for startups. Brev.dev’s AI and ML platform, co-founded by Nader Khalil and Alec Fong, leverages NVIDIA GPUs to streamline AI model development on the cloud. Mohamed Alzubi, Founder and Managing Director at Nama Ventures, expressed his enthusiasm for the acquisition, commending Brev.dev for its exceptional team and innovative technology. Alzubi emphasized that NVIDIA’s recognition of Brev.dev’s potential is a significant milestone. - Lucky ONE Raises $3 Million in Convertible Note, Aiming for Profitability by Q1 2025 Source: EntArabi Summary: Lucky ONE, a consumer credit fintech company, has raised $3 million in convertible note funding, with participation from current investors such as Lorax Capital Partners, KEM, and DisrupTech Ventures. Founded in 2018 by Momtaz Moussa, Ayman Eissaoui, and Marwan Kanawy, Lucky ONE offers financial flexibility and purchasing power through a robust lending system, discounts, and cashback.The company will use the new funding to expand its credit platform services and extend its reach into regional markets over the next two years. - Oraseya Capital invests in seven startups through SANDBOX accelerator Source: Government of Dubai Media Office Summary: UAE-based SANDBOX, the accelerator programme backed by Oraseya Capital, has celebrated the graduation of seven startups as part of its fourth cohort. SANDBOX is a five-month accelerator programme, where participating startups benefitted from more than 50 hours of workshops that include access to an integrated package of financial analytics, marketing strategies and legal compliance programmes. Seven startups have made it to the finals, including Qureos, Herogo, Lisan, Sthrive, Zoya, JobEscape, and Opteam. Each startup received an investment of $150,000.

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(أحمد طقاطقه)

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