Mughamer.com launches as Midet’s first adventure tourism platform
Staff Report/Sharjah Filed on March 6, 2021
Co-founded by Mohamed Al Musharrkh, and Sarmad Al Zadjaly, the project is supported by the Sharjah Entrpereneurship Centre (Sheraa) and the Sharjah Angel Investors Network. Supplied photo
The Sharjah-incubated startup connects adventure tourists with exotic locations and experiences across land, air and sea around the world with secure online payment and free cancellation
The newly launched Sharjah-incubated Mughamer.com is making a splash in the adventure tourism space. This first-of-its-kind website in the Middle East will curate the best adventure activities for tourists and thrill seekers around the world when they plan their next holiday.
Mohamed Hilal Group invests in Spainâs VirtuE through SAIN
UAE-based Mohamed Hilal Group has signed an investment agreement with Spanish Startup VirtuE R&D, through the newly-launched Sharjah Angel Investors Network (SAIN), operated by The Sharjah Research, Technology, and Innovation Park (SRTI Park). The deal marks the first investment to be made directly through the newly launched Sharjah initiative and also the first for MHG in the technology sector.
VirtuE, specialised in the development of AI applications for psychology, joined the STRI Park back in June 2020.
“We aspire that the value of the Spanish company, with which our group has signed a four-year investment agreement, to reach Dh3 billion to Dh4 billion and to go global through Sharjah,” said Mohamed Hilal, CEO of Mohamed Hilal Group.
Spanish AI firm picks up angel investments from Sharjah initiative Gulf News Report
Dubai: A startup specializing in AI picked up the first ‘angel’ investments touted through an initiative from Sharjah Research, Technology, and Innovation Park (SRTI Park).
Spain’s VirtuE R&D, which is developing an AI-enabled app for psychology, picked up the investment support from Mohamed Hilal Group (MHG). The latter will help expand its reach beyond the UAE. The collaboration also includes launching an AI-based scientific research hub that focuses on equine‐assisted therapy and developing game-based digital programs to enhance mental health.
The tie up was routed through the Sharjah Angel Investors Network coming under SRTI Park.
Rise of angels: More money or more inexperienced investors?
Angels are coming forth in the Middle East, more ready than ever to start investing in startups. Over the past year, several new angel investment networks have emerged, while existing networks are expanding their activities, hoping to contribute to, and benefit from the growth of startups and their technology.
What began as a rather informal landscape, with keen investors coming together every so often to invest in startups in the region, has bourgeoned into well-established networks and syndicate structures providing crucial early-stage investment.
Across the startup funding spectrum, angel investment is focused on the seed to pre-Series A investment stage, typically before a startup has a proven track record. Ticket sizes can range from $10,000 to $100,000 and in some cases, reach a few million. Given these smaller cheque sizes, angel investors tend to be more agile than traditional venture capital (VC) firms and respon
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