Dubai-based technology company Vennre has announced a significant dual development, surpassing $25 million in total invoiced revenue and simultaneously launching a new venture capital arm, Vennre Ventures. This move signals a new chapter of growth for the firm, transitioning from a technology provider to a key investor in the region’s burgeoning startup ecosystem.
A Foundation of Success
The achievement of over $25 million in revenue underscores Vennre’s sustained growth and strong market position. This financial milestone is a testament to the company’s successful track record in developing and delivering innovative technology solutions for its clients. “This achievement is a testament to the hard work and dedication of our team, as well as the trust our clients have placed in us,” stated Ricky Husaini, CEO of Vennre. “It provides a solid foundation for our next major initiative.”
Introducing Vennre Ventures
Building on its operational success, Vennre is launching Vennre Ventures, a new division dedicated to funding and nurturing the next generation of tech innovators. The venture arm will leverage Vennre’s deep industry expertise, technical resources, and professional network to support and scale promising early-stage startups.
Vennre Ventures will focus on strategic investments in high-growth technology sectors, including:
- Artificial Intelligence (AI)
- Financial Technology (Fintech)
- Software as a Service (SaaS)
An Invitation to Invest
In a strategic move to broaden its impact, Vennre is opening participation in its new venture fund to accredited investors and strategic partners. This presents a unique opportunity for investors to co-invest alongside an established technology company, gaining access to a curated pipeline of startups in high-demand sectors. The initiative aims to create a collaborative investment ecosystem designed to accelerate innovation and generate significant returns.
About Vennre
Headquartered in Dubai, UAE, Vennre is a leading technology company known for building innovative solutions and fostering growth. With a proven track record of operational success, the company is now expanding its mission to include strategic investments in early-stage technology companies through its new venture capital arm, Vennre Ventures.
Looking Ahead
The launch of Vennre Ventures marks a significant evolution for the UAE-based firm, positioning it as an active contributor to the MENA tech landscape. By deploying capital and expertise into emerging startups, Vennre is not only diversifying its own business but also helping to fuel the region’s innovation engine. This move from a successful operator to a strategic investor highlights a growing trend of ecosystem maturity, where established local companies play a crucial role in cultivating the next wave of entrepreneurs.
Source: Zawya
