PC: Business Standard
Multiple firms based in Dubai maintain a prosperous business environment by securing generous funding amounts that drive their expansion through innovation. The recent funding rounds show how Dubai’s swift business changes through robotics and automation alongside wellness programs and venture capital ventures.
Micropolis Holding Raises $15.5 Million in NYSE American IPO
Micropolis Holding obtained $15.5 million through its initial public offering on the New York Stock Exchange American where it listed under the ticker symbol MCRP. The company achieved global expansion plans by issuing 3.9 million shares trading at $4 each under MCRP ticker symbol.
The new capital will enable Micropolis to drive technical improvement while building up their staff and modernizing their product range. Some of the funds will support research and development work as well as both marketing activities and investments in superior robotic equipment, which will increase output efficiency. The company intends to allocate a segment of the funds to debt repayment, which will create better financial stability while allowing unimpeded growth beyond limiting debt levels.
The IPO involved Network Financial Securities functioning as the exclusive manager for the book-run and this choice demonstrated investor belief that Micropolis Holding leads the autonomous mobile robots and automation technologies marketplace.
Longetivy Wellness Hub Secures $4 Million for GCC Expansion
The wellness and alternative therapy company Longetivy Wellness Hub in Dubai secured $4 million worth of fresh funding from anonymous investors, which will enable their GCC region expansion initiative.
Dani Afiouni established the company in 2019 to offer alternative wellness solutions including hyperbaric oxygen therapy red light therapy, together with advanced quantum-based wellness treatments. The newly obtained funding enables Longetivy to execute its geographic expansion plan because it enables it to reach more customers across Gulf Cooperation Council countries with its innovative wellness services.
Phoenix Venture Partners Completes Second Closing of Innovation Fund
Phoenix Venture Partners (PVP) performed the second fund closure of its Phoenix Venture Partners Innovation Fund (PVPIF) to mark a substantial advancement in disruptive technology backing. Investors in Phoenix Venture Partners Innovation Fund included institutional investors alongside family offices and high-net-worth individuals who came from both France and Luxembourg as well as Mauritius and Kuwait and Saudi Arabia.
Steve Khayat expressed his joy at receiving funding support from a group of prominent worldwide investors according to his role as Founder and CEO of Phoenix Venture Partners. The investors’ dedication demonstrates how well our investment method aligns with groundbreaking startup potential.
PVPIF focuses on early-stage investments in fintech, insurtech, healthtech, edtech, agri-food tech, energy tech, sustainability, e-logistics, mobility tech, and consumer tech. PVP will now have expanded capabilities to build its portfolio because of extra capital from this closing which enables it to execute active deals and spark disruptive innovation across MENA and worldwide markets.
Conclusion
The investment market in Dubai continues to grow robustly because companies from various sectors successfully obtain funding that supports their development and technological progress. The funding news from this week shows how Micropolis Holding’s robotics IPO succeeded and how Longetivy Wellness Hub expanded to the GCC market and how Phoenix Venture Partners backed disruptive technology.
Investor confidence is surging so that Dubai’s ecosystem will experience accelerated business expansion together with technological innovation and market expansion in the upcoming months.
