DTA Newsletter Series – Q4 2022

Hello Doha Tech Angels community,

Congratulations on an outstanding World Cup season, what an incredible way to close the year. Doha Tech Angels LLC (DTA) is launching a Newsletter Series, in which we will be sharing DTA’s investment updates, portfolio news and market insights. In this first edition, we bring to you our 2022 year-end updates.

Happy National Day and Best Wishes for the New Year.

INVESTMENT UPDATES

DTA finalized five investment transactions this year:

A quick commerce delivery business for groceries and essential needs – Read more about Yalla!Mart here

A fast-growing healthcare provider in Bangladesh with a unique clickand- brick platform- Read more about Praava Health here

An enterprise intelligence provider with AI/ML powered forecasting and optimization solutions – Read more about Stemly here

An employee wellbeing platform that improves engagement and turnover by up to 50% – Read more about Wellbees here

A tech-enabled mental wellness ecosystem of products and services – Read more about Tuhoon here

PORTFOLIO NEWS

Oman-based digital automotive retailer Carzaty was acquired by Kavak earlier this year – Read more about this here

ShopUp, the largest B2B commerce platform in Bangladesh raised a $65M Series B extension – Read more about this here

ARTICLES WE LIKED

How the VC Downturn is Being Reflected in Emerging Markets? Read more here Key Takeaway:

• More time between rounds, runways need to be longer, focus is on profitability vs growth
• Unpriced rounds (ex. Convertibles and SAFEs) and extension rounds are proliferating
• Despite macro reversals the globalization & spread of VC in new markets is not going away, global funds and tech companies are increasingly eyeing our region as the next frontier