About EQ2 Ventures
EQ2 Ventures is a venture capital firm founded in 2015. It is primarily based out of Dubai, United Arab Emirates. As of Sep 2025, EQ2 Ventures has invested in 29 companies. It primarily invests in Seed round in United Arab Emirates based startups. Its investments are spread across a wide range of sectors from Consumer to Retail and Enterprise Applications. Most recently it participated in the $***** Series A round of TERN Overall, EQ2 Ventures portfolio has seen 1 unicorn, namely Fresha. A lot of funds co-invest with EQ2 Ventures, with names like Nuwa Capital sharing a substantial percentage of its portfolio. EQ2 Ventures has team of 6 people including 1 partners.Key Metrics
Team Members
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Unicorns
Portfolio Soonicorns
EQ2 Ventures' List of Top Investments
EQ2 Ventures has a portfolio of 29 companies, one of which is a Unicorn. Their most notable investments are in Sukhiba and Uncover.Their portfolio spans across United Arab Emirates, Kenya, Saudi Arabia and 9 more locations. They have invested in Consumer, Retail, Enterprise Applications and 14 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by EQ2 Ventures:
1. Abwaab
Online tutoring platform for school curriculum. It offers short interactive videos, review summaries, model answers, and explanations, and practice questions. It also offers a discussion forum and organizes competitions. Apps are available for android and iOS users.
Key facts about Abwaab
- Founded Year: 2019
- Location: Amman (Jordan)
- Stage: Series A
- Total Funding till date: $27.5M
- Employee Count: 664 as on May 31, 2026
- Investors: GSV Ventures, BECO Capital and 11 Others
- Latest Funding Round: Series A, Nov 15, 2021, $*****
- Highlight: Editors' Pick
2. Fresha
Online platform providing booking and scheduling local self care services. It offers appointment management, consultation forms, and client reminders. The platform allows users to discover salons, barbers, medspas, and wellness studios. It facilitates online bookings and appointment modifications for various beauty treatments.
Key facts about Fresha
- Founded Year: 2015
- Location: London (United Kingdom)
- Annual Revenue: £1M - £10M as on Dec 31, 2022
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $285M
- Employee Count: 938 as on Sep 30, 2026
- Investors: General Atlantic, Chimera and 20 Others
- Latest Funding Round: Series C, May 21, 2026, $*****
- Highlight: Editors' Pick
3. Homzmart
Online marketplace offering home improvement products. Its product offerings include curtains & upholstery, carpets, lightings, decors, beds, chairs, sofa, storage units, outdoor furniture, and more.
Key facts about Homzmart
- Founded Year: 2018
- Location: Cairo (Egypt)
- Stage: Series A
- Total Funding till date: $40M
- Employee Count: 357 as on Aug 31, 2026
- Investors: MSA Capital, Novocap and 12 Others
- Latest Funding Round: Series A, Aug 01, 2022, $*****
- 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
5. Hala
Halalah is an app-based wallet for consumers and business payments. It features a mobile payment platform for consumers & businesses to offer services such as deposit accounts, online/offline payment, money transfers, mobile recharge, and more. It also offers a marketplace to users for purchasing vouchers and digital products. It can be accessed through the app that is available on iOS and Android devices.
Key facts about Hala
- Founded Year: 2018
- Location: Riyadh (Saudi Arabia)
- Stage: Series B
- Total Funding till date: $168M
- Employee Count: 735 as on Aug 31, 2026
- Investors: Mubadala, QED Investors and 21 Others
- Latest Funding Round: Series B, Sep 15, 2025, $*****
- Highlight: Editors' Pick
EQ2 Ventures' Year-on-Year Investment Trends
EQ2 Ventures has invested in 29 companies over the last 7 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 2 investments. Its most recent first time investment was in TERN and most recent follow-on round was in Sukhiba.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 2 | 0 | 2 |
2024 | 1 | 1 | 2 |
2023 | 1 | 0 | 1 |
2022 | 1 | 0 | 1 |
2021 | 6 | 0 | 6 |
2020 | 2 | 0 | 2 |
2019 | 1 | 0 | 1 |
EQ2 Ventures' Investments by Stage
EQ2 Ventures has made 8 investments in Seed stage with an average round size of $2.41M, 5 investments in Series A stage with an average round size of $10.3M and 1 investment in Series B stage with an average round size of $10M.Stage of entry | No. of Investments |
|---|---|
Seed | 8 |
Series A | 5 |
Series B | 1 |
Note: We have considered here, only first round of investments
EQ2 Ventures' Investments by Sector
EQ2 Ventures has a diverse portfolio, with companies operating in the Consumer, Retail, Auto Tech, Enterprise Applications and FinTech. Notably, it has invested in 25 Tech companies, 23 Consumer (B2C) companies, 10 Enterprise (B2B) companies and at least 8 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 7 |
Retail | 6 |
Auto Tech | 3 |
Enterprise Applications | 3 |
FinTech | 2 |
Others | 16 |
Note: We have considered here, only first round of investments
EQ2 Ventures' Investments by Geography
EQ2 Ventures has made most investments in United Arab Emirates (4), followed by Jordan where it has made 2 investments.Country | No. of Investments |
|---|---|
United Arab Emirates | 4 |
Jordan | 2 |
Kenya | 2 |
Saudi Arabia | 2 |
Egypt | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
EQ2 Ventures' recent investments
EQ2 Ventures has not made any investment in 2026 so far.Here are the most recent investments by EQ2 Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 10, 2025 | United Kingdom | Series A | 8718 | [+5] | |
Aug 13, 2025 | United Arab Emirates | Seed | 1425 | ||
Aug 27, 2024 | Kenya | Seed | 3798 | [+3] | |
Jul 15, 2024 | Kenya | Seed | 3651 | [+3] | |
Oct 27, 2023 | Kenya | Seed | 2815 | [+3] |
Unicorns in EQ2 Ventures' Portfolio
EQ2 Ventures has 1 unicorn in its portfolio - Fresha. The most recent unicorn in their portfolio is Fresha which became a unicorn in 2026.Here is a list of unicorns in EQ2 Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
75 | Operator of a digital platform for booking beauty wellness services | 2015 | London | Series C | fhlfx{u |
Team profile of EQ2 Ventures
EQ2 Ventures has a team of 6 members including 1 Partner and 2 Principals located in United Arab Emirates. EQ2 Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in EQ2 Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | United Arab Emirates | - | - | |
Principal | United Arab Emirates | - | - | |
Principal | United Arab Emirates | - | - |
Co-investors of EQ2 Ventures
Over the past 7 years, 112 investors have co-invested in EQ2 Ventures's portfolio companies. This includes funds and angels.
- Invested before EQ2 Ventures: EquiTrust Life Insurance, 500 Global and 35 others have invested in rounds before EQ2 Ventures. There are 4 companies where EquiTrust Life Insurance has invested before EQ2 Ventures and 3 companies where 500 Global has invested before EQ2 Ventures.
- Top Co-investors of EQ2 Ventures: 39 investors entered a company along with EQ2 Ventures. These include investors like Nuwa Capital (3 companies).
- Invested after EQ2 Ventures: A total of 36 investors have invested in EQ2 Ventures's portfolio after their investments. Top Investors include STV (2 companies), Middle East Venture Partners (2 companies) and Endeavor (2 companies).
Recent News related to EQ2 Ventures
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TERN Group secures €20.4M to address healthcare staff shortagesSilicon Canals•Sep 10, 2025•TERN, Notion, RTP Global, DST Global and 5 others
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Coraly.ai Secures $2 Million in Pre-Seed Funding Led by Salica Oryx Fund to Expand AI-Driven Real Estate PlatformMy Startup World•Aug 13, 2025•Salica Investments, EQ2 Ventures, Coraly, Coral
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TMA Systems acquires EQ2 to expand healthcare asset management capabilitiesDOTmed•Mar 11, 2025•TMA Systems, EQ2 Ventures
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African fintech firms shine in Q3 fund-raising effortsITWeb•Oct 11, 2024•500 Global, Y Combinator, Flat6Labs, EQ2 Ventures
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Uncover secures us$1.4 million in oversubscribed funding round to accelerate expansion across africaGlobal CosmeticNews•Sep 23, 2024•Uncover, EQ2 Ventures, igniteXL Ventures, Chui Ventures and 2 others
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Kenya's Sukhiba Connect raises $1.55M seed extension round for expansionTechpoint.Africa•Aug 27, 2024•Sukhiba, Accion, Musha Ventures, Quona and 2 others
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Uncover, a Kenyan tech-enabled emerging beauty brand, has successfully raised $1.4 million in a funding roundTechgist Africa•Jul 29, 2024•Uncover, Altree Capital, igniteXL Ventures, EQ2 Ventures and 2 others
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Skincare brand Uncover raises US$1.4M in its second seed funding roundAfrica CEO Voices•Jul 16, 2024•Uncover, EQ2 Ventures, igniteXL Ventures, Chui Ventures and 3 others
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Julaya, Franco-Ivorian FinTech, raises $5 million from SpeedinvestFrenchWeb•Sep 26, 2022•Julaya, Speedinvest, EQ2 Ventures, Kibo Ventures and 9 others
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Ivorian fintech Julaya gets $5M to become banking partner for businesses in Francophone AfricaTechCrunch+•Sep 21, 2022•Julaya, Speedinvest, EQ2 Ventures, Kibo Ventures and 5 others
