Dubai Venture Fund Supports UAE Startup Zest Equity with $3.8 Million in Seed Funding

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Zest Equity, a startup based in the UAE, specializes in digital solutions for private market transactions. In a recent development, the company successfully raised $3.8 million in a seed funding round. This investment was made possible through the backing of the Dubai Future District Fund (DFDF), which is supported by the government of Dubai, and Middle East Venture Partners (MEVP).

The newly acquired funds will be instrumental in facilitating the expansion of Zest Equity’s product offerings across the Middle East and North Africa (MENA) region. The funding round was primarily led by MEVP, with additional contributions from DFDF and DASH Ventures.

Established in 2021, the Dubai Future District Fund (DFDF) was initiated under the guidance of Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE and Ruler of Dubai. The fund’s main shareholders include the Dubai International Financial Centre and Dubai Future Foundation.

Zest Equity’s platform offers entrepreneurs a digital toolkit for managing their transactions, effectively consolidating their investors under a single legal framework. This streamlining of processes significantly reduces the complexities and costs associated with traditional private market transactions.

According to Rawan Baddour, Co-founder of Zest Equity, the platform is designed to make the transaction process more convenient and comprehensive. It facilitates smoother transactions for various stakeholders, including founders, investors, and employees of private companies, enabling them to benefit from liquidity in a pre-approved and transparent manner.

Overall, Zest Equity has now raised a total of $5.7 million in funding, reflecting the growing support and confidence in the company’s innovative solutions within the industry.