About Dtec
Dtec is a venture capital firm founded in 2015. It is primarily based out of Dubai, United Arab Emirates. As of Dec 2022, Dtec has invested in 34 companies. It primarily invests in Seed round in United Arab Emirates based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and High Tech. Most recently it participated in the $***** Seed round of Letswork Overall, Dtec portfolio has seen 1 unicorn and 5 acquisitions including key companies like WRITER, Voicea and Paymennt.com. A lot of funds co-invest with Dtec, with names like Startupbootcamp sharing a substantial percentage of its portfolio. Dtec has team of 4 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Dtec's List of Top Investments
Dtec has a portfolio of 34 companies, one of which is a Unicorn. Their most notable investments are in InteliTaap and PropVR.Their portfolio spans across United Arab Emirates, India, United States and 4 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 18 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Dtec:
1. WRITER
Developer of an enterprise AI platform for agentic work. The platform enables users to build, activate, and supervise AI agents. It offers tools for IT and business teams to create agents with shared resources. The platform provides features for governing and observing agents at scale, along with integrations and controls.
Key facts about WRITER
- Founded Year: 2012
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $369M
- Employee Count: 674 as on Aug 31, 2026
- Investors: Salesforce Ventures, Rincon Venture Partners and 55 Others
- Latest Funding Round: Series C, Nov 06, 2024, $*****
- Highlight: Editors' Pick
Online consignment platform for multi-category fashion products. The product catalog includes apparel, watches, sunglasses, jewelry, belts, handbags, and more from various designers of multi-colors, designs, and styles. The mobile application is available for Android and iOS users.
Key facts about The Luxury Closet
- Founded Year: 2011
- Location: Dubai (United Arab Emirates)
- Stage: Series D
- Total Funding till date: $47.6M
- Employee Count: 266 as on Aug 31, 2026
- Investors: MENA Venture Investments, Knuru and 18 Others
- Latest Funding Round: Series D, Jun 16, 2021, $*****
- Highlight: Editors' Pick
3. yallacompare
Yallacompare is an online comparison platform for financial products. Users can compare multiple products including personal loans, auto loans, home loans, business loans, and commercial loans. They can also compare credit cards, current account, savings account, and insurance products.
Key facts about yallacompare
- Founded Year: 2011
- Location: Dubai (United Arab Emirates)
- Stage: Series B
- Total Funding till date: $21.2M
- Employee Count: 120 as on Aug 31, 2026
- Investors: Wamda Capital, STC Ventures and 9 Others
- Latest Funding Round: Series B, May 03, 2020, $*****
- Highlight: Editors' Pick
4. Erad
Provider of working capital to online businesses across various industries. It offers funding solutions for restaurants, retail, clinics, and beauty salons. The company facilitates access to financing through data integration with business platforms. It provides insights to assist businesses with growth strategies.
Key facts about Erad
- Founded Year: 2022
- Location: Riyadh (Saudi Arabia)
- Stage: Seed
- Total Funding till date: $19M
- Employee Count: 59 as on Aug 31, 2026
- Investors: Flucas Ventures, Stride Ventures and 15 Others
- Latest Funding Round: Conventional Debt, Nov 27, 2025, $*****
5. ZIWO
Cloud based contact center and customer support management solutions. It allows users to manage API based CRM plugins, connect with the virtual phone numbers and improve customer experience. It can be integrated with Bitrix, Zoho, Salesforce, and other applications. Other features include call transfer, click to call management, call recording and call comments management solutions. It offers a subscription based pricing model.
Key facts about ZIWO
- Founded Year: 2010
- Location: Dubai (United Arab Emirates)
- Stage: Series A
- Employee Count: 115 as on Aug 31, 2026
- Investors: Wamda Capital, Dtec and 2 Others
- Latest Funding Round: Conventional Debt, Feb 16, 2026, $*****
- Highlight: Editors' Pick
Dtec's Year-on-Year Investment Trends
Dtec has invested in 34 companies over the last 10 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Letswork and most recent follow-on round was in AlgoDriven.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 | 2 | 0 | 2 |
2021 | 0 | 2 | 2 |
2020 | 1 | 0 | 1 |
2019 | 5 | 0 | 5 |
2018 | 2 | 0 | 2 |
2017 | 2 | 0 | 2 |
Dtec's Investments by Stage
Dtec has made 10 investments in Seed stage with an average round size of $779K and 3 investments in Series A stage with an average round size of $2.65M.Stage of entry | No. of Investments |
|---|---|
Seed | 10 |
Series A | 3 |
Note: We have considered here, only first round of investments
Dtec's Investments by Sector
Dtec has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Real Estate and Construction Tech, Retail and Consumer. Notably, it has invested in 32 Tech companies, 24 Enterprise (B2B) companies, 20 Consumer (B2C) companies and at least 18 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 9 |
High Tech | 3 |
Real Estate and Construction Tech | 3 |
Retail | 3 |
Consumer | 2 |
Others | 18 |
Note: We have considered here, only first round of investments
Dtec's Investments by Geography
Dtec has made most investments in United Arab Emirates (5), followed by India where it has made 4 investments.Country | No. of Investments |
|---|---|
United Arab Emirates | 5 |
India | 4 |
Australia | 1 |
Oman | 1 |
United Kingdom | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Dtec's recent investments
Dtec has not made any investment in 2026 so far.Here are the most recent investments by Dtec:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Dec 13, 2022 | United Arab Emirates | Seed | 2975 | [+1] | |
May 23, 2022 | United Arab Emirates | Series A | 5416 | [+2] | |
Oct 07, 2021 | Australia | Series A | 8205 | [+5] | |
Mar 11, 2021 | India | Seed | 5727 | - | |
Dec 09, 2020 | Oman | Series A | 6468 | [+2] |
Unicorns in Dtec's Portfolio
Dtec has 1 unicorn in its portfolio - WRITER. The most recent unicorn in their portfolio is WRITER which became a unicorn in 2024, 1 years before Dtec first invested in it.Here is a list of unicorns in Dtec's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Developer of an enterprise AI platform for agentic work | 2012 | San Francisco | Series C | wfvgtpr |
Acquired companies in Dtec's Portfolio
5 companies from Dtec's portfolio have been acquired. The most recent acquisition was Paymennt.com in Feb 2023 by Hala for $*****.Here are Dtec's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 14, 2023 | Apr 10, 2019 | Seed | 4305 | |
Aug 15, 2022 | - | - | 1604 | |
Mar 17, 2021 | Dec 20, 2018 | Seed | 9749 | |
Jun 30, 2020 | - | - | 5519 | |
Sep 06, 2019 | - | - | 8487 |
Team profile of Dtec
Dtec has a team of 4 members including 1 Partner and 1 Principal located in United Arab Emirates. Dtec's team does not sit on the board of any company as of now.Co-investors of Dtec
Over the past 10 years, 49 investors have co-invested in Dtec's portfolio companies. This includes funds and angels.
- Invested before Dtec: 500 Global, Global Ventures and 7 others have invested in rounds before Dtec. There are 2 companies where 500 Global has invested before Dtec and 1 company where Global Ventures has invested before Dtec.
- Top Co-investors of Dtec: 17 investors entered a company along with Dtec. These include investors like Startupbootcamp (2 companies).
- Invested after Dtec: A total of 23 investors have invested in Dtec's portfolio after their investments. Top Investors include Amplify Growth (1 company), Oraseya Capital (1 company) and Everywhere (1 company).
Recent News related to Dtec
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DTEC Expands Its Smart Mobility Ecosystem with Global Automotive and Technology LeadersBeInCrypto•Aug 19, 2025•Dtec
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Dubai-based co-working firm takes home $2.1mTech in Asia•Dec 15, 2022•500 Global, Letswork, TheSpace, Dtec and 1 other
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Ogram raises $3 million to expand into Saudi Arabia and EuropeMy Startup World•May 27, 2022•Ogram, Modus Capital, Aditum, Dtec and 1 other
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Leading Dubai-Based Automotive Data Platform – Algodriven – Raises $2 Million Series A Funding, Led By Global VenturesTires And Parts•Oct 10, 2021•AlgoDriven, Globalventurelabels, Automotive Ventures, Spartech Ventures and 3 others
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PointCheckout raises $600k to let users pay online with their reward pointsPointCheckout•Apr 10, 2019•PointCheckout, Arzan Venture Capital, 500 Global, Dubai Angel Investors and 2 others
