Watermelon

Seed closed in 2022 (company says so in The National interview and again in its July 2024 Series A release). Amount and investors never disclosed; founder Omar AlShamsi told The National he put in $1M of his own capital initially and that the company would not need to raise for three years. Also: https://www.wamda.com/2024/07/watermelon-ecosystem-bags-4-million-series https://waya.media/uae-based-watermelon-raises-usd-4m-in-funding/ Confidence: confirmed (round 13, The National).

Investors: undisclosed investors (13.8% stake)

Daman Investments acted as exclusive fundraising advisor, not investor. New investors took 13.8% for $4M, implying the $29M post-money the company states. Investors unnamed. Also: https://www.wamda.com/2024/07/watermelon-ecosystem-bags-4-million-series https://gulfnews.com/gn-focus/watermelon-collaborates-with-daman-investments-to-secure-4-million-in-series-a-funding-1.1721996070527 https://waya.media/uae-based-watermelon-raises-usd-4m-in-funding/ https://tracxn.com/d/companies/watermelon/__92b4pVHr_rd48FO_0Hg-FSbIablwN1VGzNq2IH-DQTE Confidence: confirmed (round 13, Zawya (company press release)).