Abu Dhabi: – Zest Equity, a venture-backed technology company offering digital infrastructure for private market transactions, has closed a $3.8 million seed round. The Hub71 startup will use these funds to drive the company's ambition to expand its product offering in the MENA region, providing private market stakeholders with a comprehensive solution to conduct transactions and access liquidity. 

The round was led by Middle East Venture Partners (MEVP), with participation from the Dubai Future District Fund (DFDF) and DASH Ventures. To date, Zest Equity has raised a total of $5.7 million with early backers including DFDF, 500 Sanabil, Nuwa Capital, and a significant group of regional angel investors, co-founders and family offices.

Since its inception in 2021, Zest Equity has quickly established itself as the go-to platform for equipping entrepreneurs with the necessary digital tools to manage their own transactions whilst also grouping their investors into a single legal framework. Zest Equity joined Hub71, Abu Dhabi’s global tech ecosystem, earlier this year, gaining access to a vibrant community of partners and investors to support its next phase of growth.

Walid Mansour, Co-CEO, Middle East Venture Partners (MEVP) said: “In a relatively short time, Zest Equity has already proven to be a valuable and dependable solution for digitizing private market transactions in the Middle East. As more startups and investors mature, they inevitably seek more avenues to liquidity and opportunity. This clearly illustrates that our ecosystem’s need for this solution is growing. Rawan and Zuhair understand this need firsthand and have built an incredible team and product in response. Betting on them was easy.”

Rawan Baddour, Co-founder of Zest Equity said: “Zest was born with a vision to encourage better communication, transparency and process standardization within private market transactions. At its core, what Zest is building is a convenient and comprehensive tool designed to cut the costs and complexities involved in traditional private market transactions. Our platform digitizes the transaction process making it easier for existing stakeholders (founders, investors, and employees) of private companies to transact and benefit from liquidity, in a pre-approved and transparent manner.”

Sharif El-Badawi, CEO, Dubai Future District Fund (DFDF) said: “We are proud to have supported the team at Zest Equity since day one. Liquidity, as well as the infrastructure to create it, is critical to our burgeoning startup ecosystem. Their success serves everyone. We’re very impressed by their traction and look forward to their exciting future.”

The funding round signifies the region’s commitment to nurturing innovative solutions that enhance engagement, transparency and the efficiency of transaction processes in the evolving MENA venture ecosystem.

-Ends-

About Zest Equity
Learn more about Zest Equity by visiting https://zestequity.com/. 

For media inquiries, please contacts: 

Zuhair Shamma - Co-founder of Zest Equity

Email: zuhair@zestequity.com 

Rawan Baddour – Co-founder of Zest Equity

Email: rawan@zestequity.com  

About MEVP

MEVP is one of the pioneer venture capital firms in the MENA region and currently manages four regional technology-focused venture capital funds with more than USD300 million in assets under management and USD 1.6 billion in co-investments. To date, MEVP’s team, comprising 22 investment professionals, have invested in more than 60 portfolio companies across MENA, Sub-Saharan Africa, Pakistan, and Turkey.

About the Dubai Future District Fund

The Dubai Future District Fund (DFDF) is the evergreen venture fund of Dubai, anchored by the Dubai International Finance Center and the Dubai Future Foundation. The company’s mission is to foster a thriving venture ecosystem in the region and boost venture capital availability to innovative funds and startups in Dubai and the region.

The fund deploys capital into Fund of Funds and makes direct investments into startups across two thematic pillars, Future of Finance and Future Economies. The company is headquartered in the United Arab Emirates with offices in Dubai International Financial Centre.

Learn more about DFDF on our website at https://www.dfdf.vc.