TriCap Investment, a diversified investments group based in Dubai, made a follow-up investment in SmartCrowd and was joined by Amaana Capital, the venture capital arm of US-based NRD Capital., along with other prominent angel investors in the region.Ĭommenting on the investment, Abdullah A. Mad’a Investment Company, an influential Saudi firm, is the lead investor of the Bridge Round. The bridge funding will enable the rapidly growing company to scale its operations, products and establish a presence in new markets including Saudi Arabia and Pakistan. The company recently closed a bridge round in excess of USD $ 3 million. The investor based grew 100% on a Q-o-Q basis. SmartCrowd, Dubai’s innovative real estate crowdfunding platform, which allows individuals investors to take a “fractional” share in a rental property, has grown its investor base nearly 6 times since the pandemic.
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