About MBRIF
MBRIF, an accelerator and incubator program founded in 2015, is based in Dubai, United Arab Emirates. With a presence in 12 countries, it has supported around 65 startups in sectors like High Tech, Enterprise Applications. As of Sep 2026, MBRIF has witnessed 3 portfolio exits. Most notable companies in
its portfolio include Pure Harvest, BAYZAT and CarSwitch. The program is backed by a team of 5 people who primarily support Seed startups based in United Arab Emirates. Its latest investment was a Undisclosed Conventional Debt round in BAYZAT on Aug 11, 2022.
Key Metrics
Founded Year
2015
Location
Dubai, United Arab Emirates
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed & Conventional Debt
Locations of Investment
MBRIF's List of Top Investments
MBRIF has a portfolio of 65 companies. Their most notable investments are in Oliv and Pure Harvest.Their portfolio spans across United Arab Emirates, United States, United Kingdom and 9 more locations. They have invested in High Tech, Enterprise Applications, Consumer and 25 other sectors, across stages such as Seed, Conventional Debt stages. Here is the list of top investments by MBRIF:
1. Pure Harvest
Locally grown, sustainable hydroponic produce for fresh, flavorful, and healthy eating. This company specializes in providing fresh, locally grown produce through advanced hydroponic farming techniques. They offer a variety of products including greens, tomatoes, berries, sauces, and preserves, all cultivated with a focus on sustainability and reducing environmental impact. Their commitment extends to minimizing food waste and shortening the distribution chain, ensuring produce is fresher and more flavorful. They use beneficial insects instead of pesticides, guaranteeing pesticide-residue-free and safe products. They aim to provide tasty, top-quality produce at competitive prices, making healthy eating accessible. They also focus on community investment and encourage individuals who value quality and nature's best to join their mission. They have a subscription model for newsletters.
Key facts about Pure Harvest
- Founded Year: 2016
- Location: Abu Dhabi (United Arab Emirates)
- Stage: Series D
- Total Funding till date: $387M
- Employee Count: 204 as on Jul 31, 2026
- Investors: StartX, Franklin Templeton Investments and 16 Others
- Latest Funding Round: Series D, Jun 30, 2022, $*****
- Highlight: Editors' Pick
2. BAYZAT
Provider of hr administration, payroll management, employee benefits, and health insurances solutions. It offers solutions to automate the payroll and also provides companies to compare, buy and use their health insurance and also helps in process of health insurance claims.
Key facts about BAYZAT
- Founded Year: 2012
- Location: Dubai (United Arab Emirates)
- Stage: Series C
- Total Funding till date: $60M
- Employee Count: 332 as on Jul 31, 2026
- Investors: Mubadala, BECO Capital and 20 Others
- Latest Funding Round: Series C, Dec 22, 2022, $*****
- Highlight: Editors' Pick
3. CarSwitch
CarSwitch is an app-based marketplace for used cars. Sellers can share the basic details of their cars & set an upfront price. The cars then undergo the quality check by certified mechanics & listed on the platform. Every car listed on the platform comes with a warranty. It sets up a one-time show day to show off the cars & manages the paperwork once the cars are sold. Buyers can search for inventory & buy the cars they are interested in. Their app is available for Android devices.
Key facts about CarSwitch
- Founded Year: 2016
- Location: Dubai (United Arab Emirates)
- Stage: Series A
- Total Funding till date: $9.3M
- Employee Count: 116 as on Jul 31, 2026
- Investors: Dubai Angel Investors, B&Y Venture Partners and 5 Others
- Latest Funding Round: Series A, Aug 27, 2020, $*****
- Highlight: Editors' Pick
4. Morni
Platform for booking roadside assistance services. Users can book services by providing location, user details, payment details, and more. Services offered on the platform include towing, flat tire repair, battery repair, and fuel delivery. App is available for iOS and Android devices.
Key facts about Morni
- Founded Year: 2014
- Location: Riyadh (Saudi Arabia)
- Stage: Series B
- Total Funding till date: $9.1M
- Employee Count: 108 as on May 31, 2026
- Investors: G Square, Raed Ventures and 2 Others
- Latest Funding Round: Series B, Dec 17, 2020, $*****
- Highlight: Editors' Pick
5. Smart Crowd
Smart Crowd is a real estate crowdfunding platform. Users can browse through properties on the platform and begin their investments. At the completion of the project, the profit amount is distributed among all the investors. The company charges a commission on every investment made via its platform. It oversees the transaction and manages the documents related to it.
Key facts about Smart Crowd
- Founded Year: 2017
- Location: Dubai (United Arab Emirates)
- Stage: Acquired
- Total Funding till date: $3.6M
- Employee Count: 45 as on Jul 31, 2026
- Investors: Village Capital, 500 Global and 11 Others
- Latest Funding Round: Seed, Jun 13, 2022, $*****
- Highlight: Acquired
MBRIF's Year-on-Year Investment Trends
MBRIF has invested in 65 companies over the last 9 years, with an average of 0 new investment annually in the last 5 years. Its most recent first time investment was in BAYZAT.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 1 | 0 | 1 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
2018 | 0 | 0 | 0 |
2017 | 1 | 0 | 1 |
MBRIF's Investments by Stage
MBRIF has made 2 investments in Seed stage with an average round size of $1.54M and 1 investment in Conventional Debt stage.Stage of entry | No. of Investments |
|---|---|
Seed | 2 |
Conventional Debt | 1 |
Note: We have considered here, only first round of investments
MBRIF's Investments by Sector
MBRIF has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Food and Agriculture Tech, InsurTech and Sustainability Tech. Notably, it has invested in 55 Tech companies, 35 Enterprise (B2B) companies, 32 Consumer (B2C) companies and at least 25 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 2 |
FinTech | 1 |
Food and Agriculture Tech | 1 |
InsurTech | 1 |
Sustainability Tech | 1 |
Note: We have considered here, only first round of investments
MBRIF's Investments by Geography
MBRIF has made most investments in United Arab Emirates (3).MBRIF's recent investments
MBRIF has not made any investment in 2026 so far.Here are the most recent investments by MBRIF:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 11, 2022 | United Arab Emirates | Conventional Debt | 5643 | - | |
Sep 17, 2019 | United Arab Emirates | Seed | 7703 | ||
Nov 06, 2017 | United Arab Emirates | Seed | 5962 | - |
Acquired companies in MBRIF's Portfolio
3 companies from MBRIF's portfolio have been acquired. The most recent acquisition was Smart Crowd in Jul 2025 by Nawy for $*****.Here are MBRIF's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 09, 2025 | - | - | 3559 | |
Jul 27, 2022 | - | - | 9133 | |
Jul 01, 2022 | - | - | 1073 |
Team profile of MBRIF
MBRIF has a team of 5 members including 1 Partner and 1 Principal located in United Arab Emirates and Singapore. MBRIF's team does not sit on the board of any company as of now.Co-investors of MBRIF
Over the past 9 years, 26 investors have co-invested in MBRIF's portfolio companies. This includes funds and angels.
- Invested before MBRIF: Shorooq Partners, Hazem Abu Khalaf and 10 others have invested in rounds before MBRIF. There is 1 company where Shorooq Partners has invested before MBRIF and 1 company where Hazem Abu Khalaf has invested before MBRIF.
- Invested after MBRIF: A total of 14 investors have invested in MBRIF's portfolio after their investments. Top Investors include Metric Capital (1 company) and IMM Investment (1 company).
Recent News related to MBRIF
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Mena-focused fintech startup Sav raises $750,000 to revolutionize personal savingsTechMoran•Mar 13, 2023•Sav, MBRIF
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MBRIF and Dubai Silicon Oasis collaborate to support emerging technology startupsescapefromwithin.com•Dec 05, 2022•MBRIF, Dso, Dubai Silicon Oasis
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