Dubai-based Venture Capital firm, Knuru Capital has entered into an agreement to manage an early-stage venture portfolio from DP Ventures Holdings - an investment vehicle set up by senior executives at Delta Partners to invest in early-stage technology companies globally.
The portfolio that will be managed by Knuru includes stakes in high-growth technology businesses, such as Bayzat, Clara, Qidz, Opanga, Novatiq, and Orion Labs.
Knuru Capital is a VC that deploys equity and private credit capital into growth stage technology businesses with a particular interest in the financial services industry and under-served markets.
DP Ventures is an investment holding company that has invested in fast-growing companies in the technology space in the Middle East, Europe, and the US. This new agreement provides Knuru with additional assets under management in companies within its investment focus and increases its exposure to technology-enabled business models across the Middle East, Europe, and the US.
Through the agreement, Knuru will actively manage and support the portfolio, connecting with each business and their key needs as they grow and scale. The VC will work with the startups to provide support in several ways, from expanding their reach to helping with geographical expansion, using internal and external networks.
Victor Sunyer, Partner at Knuru said, “We are delighted to start this chapter with a great team of founders and investors. We strongly believe Knuru is the right platform to nurture the DP Ventures portfolio on behalf of all stakeholders and founders." Victor recently joined Knuru as a Partner, after leaving a role as an advisor at Delta Partners.
Alain Dib, CEO of Knuru commented, "We have a clear vision and strategy to become the growth equity partner for high growth technology-enabled businesses within our geographical footprint. This partnership solidifies our commitment, expands our network, and contributes additional assets under management to our portfolio."
Knuru is focused on investing $1-5M tickets in growth-stage companies where there is also opportunity for potential follow-on capital. The VC also assists in the fundraising process even if it does not participate, by giving access to its co-investor network.