Beehive

Lead: Sharakah

Investors: Sharakah

Labelled "strategic" by the source. Omani government-backed SME developer Sharakah took an undisclosed stake and a board seat weeks after the e& enterprise majority acquisition; amount and stake not disclosed. Also: https://www.wamda.com/2023/06/oman-sharakah-joins-beehive-board-new-investor Confidence: confirmed (round 13, PR Newswire (company press release)).

Lead: Riyad TAQNIA Fund

Investors: Riyad TAQNIA Fund

First tranche of the Series B (The National: Dh14.7m); company said it aimed to close the round at ≥$10M by end-2019 — no close was ever announced. Total raised stated as $15.5M after this tranche. Also: https://www.wamda.com/2019/03/dubai-based-beehive-raises-4-million https://www.thenationalnews.com/business/technology/dubai-s-beehive-raises-4-million-in-new-funding-1.832999 https://www.menabytes.com/beehive-4-million/ https://pulse2.com/dubai-beehive-raises-4-million/ Confidence: confirmed (round 13, PR Newswire (company press release)).

Lead: Riyad TAQNIA Fund

Investors: Riyad TAQNIA Fund, Mohammed Bin Rashid Fund (Dubai SME)

Release states total raised since launch $10.5M after this round; 'several regional investors' also participated, unnamed. Also: https://www.menabytes.com/beehive-5-million/ https://magnitt.com/news/fintech-peer-peer-lending-platform-beehive-raises-5m-investment-21160 https://thestartupscene.me/INVESTMENTS/Dubai-based-Startup-Beehive-Raises-5-Million-and-Heads-Off-to-Enter-the-Saudi-Market Confidence: confirmed (round 13, PR Newswire (company press release)).