_1554712661384.png?format=webp&height=120&width=120){kind=logo}
About Glowfish Capital
Glowfish Capital is a venture capital firm founded in 2013. It is primarily based out of Dubai, United Arab Emirates. As of Mar 2018, Glowfish Capital has invested in 4 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 HealthTech and Auto Tech. Most recently it participated in the $***** Seed round of CarSwitch Overall, Glowfish Capital portfolio has seen 1 acquisition, namely ServiceMarket. Glowfish Capital has team of 2 people including 2 partners.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed
Portfolio Acquisitions
Glowfish Capital's List of All Investments
Glowfish Capital has a portfolio of 4 companies. Their most notable investments are in ServiceMarket and CarSwitch.Their portfolio spans across United Arab Emirates and Pakistan. They have invested in Consumer, HealthTech, Auto Tech and 3 other sectors, across stages such as Seed stage. Here is the list of all investments by Glowfish Capital:ServiceMarket is an app-based marketplace for multiple local services. Their service categories include moving & storage, cleaning, painting & handyman, pest control, events, catering & more. Users can search for the service they need & book via their app by making an online payment. Their app is available for iOS & Android devices.
Key facts about ServiceMarket
- Founded Year: 2013
- Location: Dubai (United Arab Emirates)
- Stage: Acquired
- Total Funding till date: $7.5M
- Employee Count: 52 as on May 31, 2026
- Investors: AddVenture, GlowfishLabs and 2 Others
- Latest Funding Round: Series B, Sep 14, 2018, $*****
- Highlight: Acquired
2. 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 May 31, 2026
- Investors: Dubai Angel Investors, B&Y Venture Partners and 5 Others
- Latest Funding Round: Series A, Aug 27, 2020, $*****
- Highlight: Editors' Pick
3. Oladoc
Online platform for doctor discovery & appointment booking. The platform enables users to find doctors by location or specialty and schedule an appointment online. Doctors can use the platform to manage appointments, grow online visibility and reputation.
Key facts about Oladoc
- Founded Year: 2016
- Location: Lahore (Pakistan)
- Stage: Seed
- Total Funding till date: $2.9M
- Employee Count: 313 as on May 31, 2026
- Investors: Canopus Advisors, Sarmayacar and 2 Others
- Latest Funding Round: Seed, Jan 14, 2022, $*****
_1557298944900.png?format=webp&height=120&width=120){kind=logo}
4. Pink Entropy
Key facts about Pink Entropy
- Founded Year: 2013
- Location: Dubai (United Arab Emirates)
- Stage: Deadpooled
- Investors: Glowfish Capital
- Latest Funding Round: Seed, Mar 11, 2014, $*****
Glowfish Capital's Year-on-Year Investment Trends
Glowfish Capital has invested in 4 companies over the last 12 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Oladoc and most recent follow-on round was in CarSwitch.Glowfish Capital's Investments by Stage
Glowfish Capital has made 4 investments in Seed stage with an average round size of $967K.Glowfish Capital's Investments by Sector
Glowfish Capital has a diverse portfolio, with companies operating in the Consumer, Auto, Auto Tech, Gig Economy and HealthTech. Notably, it has invested in 3 Consumer (B2C) companies, 3 Tech companies, 2 Marketplace companies and 1 company focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Consumer | 2 |
Auto | 1 |
Auto Tech | 1 |
Gig Economy | 1 |
HealthTech | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Glowfish Capital's Investments by Geography
Glowfish Capital has made most investments in United Arab Emirates (3), followed by Pakistan where it has made 1 investment.Country | No. of Investments |
|---|---|
United Arab Emirates | 3 |
Pakistan | 1 |
Note: We have considered here, only first round of investments
Glowfish Capital's recent investments
Glowfish Capital has not made any investment in 2026 so far.Here are the most recent investments by Glowfish Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 06, 2018 | United Arab Emirates | Seed | 2201 | ||
Jan 2018 | Pakistan | Seed | 9344 | - | |
Mar 13, 2017 | United Arab Emirates | Seed | 5188 | - | |
Mar 11, 2014 | United Arab Emirates | Seed | 2734 | - | |
Mar 11, 2014 | United Arab Emirates | Seed | 7165 | - |
Acquired companies in Glowfish Capital's Portfolio
1 company from Glowfish Capital's portfolio has been acquired. The most recent acquisition was ServiceMarket in Feb 2023 by Etisalat for $*****.Here are Glowfish Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 15, 2023 | Mar 11, 2014 | Seed | 2401 |
Team profile of Glowfish Capital
Glowfish Capital has a team of 2 members including 2 Partners located in United Arab Emirates. Glowfish Capital's team does not sit on the board of any company as of now.Co-investors of Glowfish Capital
Over the past 12 years, 6 investors have co-invested in Glowfish Capital's portfolio companies. This includes only funds.
- Invested after Glowfish Capital: A total of 6 investors have invested in Glowfish Capital's portfolio after their investments. Top Investors include AddVenture (1 company), EII CAPITAL (1 company) and B&Y Venture Partners (1 company).
Recent News related to Glowfish Capital
•
Dubai-based CarSwitch.com raises additional $1m in fundingArabian Business•Mar 06, 2018•CarSwitch, Dubai Angel Investors, Glowfish Capital
•
MyDoctor.pk raises $1.1million funding, rebrands to oladoc.comPakistan Today•Feb 21, 2018•MyDoctor.pk, Oladoc, Glowfish Capital
