The Lab Ventures, an operational venture capital firm with a presence in Dubai and Madrid, has announced the successful final close of its second fund at AED 124 million (€29.1 million). The new fund is set to accelerate the digitization of B2B sectors across the MENA and European markets, with a sharp focus on PropTech, HealthTech, and AI-enabled professional services.
Targeting High-Impact B2B Sectors
Fund II will target pre-seed and seed-stage companies that are digitalizing traditionally underserved industries. This strategy aligns with the broader digital transformation goals of the region, including the UAE’s 2030 national economic ambitions, which encourage the adoption of enterprise technology. The fund, which closed in July 2025, was backed by prominent investors including Spain’s ICO (Instituto de Crédito Oficial), alongside strategic family offices and successful entrepreneurs from Europe and the Gulf.
Portfolio Companies Already Driving Regional Impact
The Lab Ventures has already begun deploying capital, with seven companies in its portfolio. Two of its flagship MENA investments, PropSpace and Heale.io, highlight the firm’s hands-on approach. PropSpace, a real estate CRM platform acquired from Property Finder, is being revitalized with new technology, including a curated PropTech marketplace and an integrated payment gateway. “The Lab Ventures understood that transforming how our ecosystem connects, from tenants to brokers, by introducing consolidated all living-related transactions onto a single marketplace with an integrated payment gateway for seamless exchanges,” said Patrick Caulfield, CEO of PropSpace.
Another key investment, Heale.io, is disrupting the corporate health insurance space in the GCC by removing intermediaries. “The Lab Ventures team has been a true partner in building a scalable, impactful business that’s transforming how companies and insurers connect directly,” stated Hugo van der Slikke, CEO of Heale.io.
An Operational Approach To Venture Capital
The firm differentiates itself through deep, hands-on operational support. This includes providing portfolio companies with product and engineering expertise, business development across Spain and MENA, C-level recruitment, and fostering cross-portfolio synergies. “This hands-on model allows pre-seed companies to achieve seed-stage metrics faster,” explained Silvia Irisarri, Partner at The Lab Ventures. “We work directly with founders on product strategy, customer acquisition, and operational execution.”
Leveraging A Strategic LP Network For Growth
The value The Lab Ventures brings extends beyond capital and operational support. The firm’s network of Limited Partners (LPs) plays a crucial role in the success of its portfolio companies. “Our LPs bring sector expertise, market access, and strategic relationships that directly benefit our portfolio companies,” said Jonathan Lahyani, General Partner for MENA & GCC regions. “This is more than only capital, it’s a network of operators and entrepreneurs who actively support our founders.” This network effect provides startups with direct access to key decision-makers and market intelligence, accelerating growth across European and Gulf markets.
About The Lab Ventures
The Lab Ventures is an operational venture capital firm with offices in Madrid and Dubai. It specializes in investing in pre-seed and seed-stage B2B startups focused on PropTech, HealthTech, and AI-powered professional services. The firm is known for its hands-on approach, providing deep operational support to help founders scale their businesses across MENA and Europe.
Source: Zawya
