Zest Equity
ActiveEmployee equity and ESOP management platform
Zest Equity is a SaaS platform helping startups manage employee stock option plans cap tables and equity compensation across MENA.
Founders
Funding Rounds
Investors: Dubai Future District Fund, 500 Sanabil, Nuwa Capital, regional angel investors, co-founders and family offices
Never formally announced. The seed press release names 'early backers including DFDF, 500 Sanabil, Nuwa Capital, and a significant group of regional angel investors, co-founders and family offices'. DFDF announced Zest Equity among its first direct investments on LinkedIn in July 2022, so the round predates that; likely 2022. Amount not stated anywhere; the company's '$5.7M total after seed' minus the $3.8M seed implies ~$1.9M, but that is arithmetic, not a published figure. 500 Sanabil participation is presumably via the Sanabil 500 MENA Seed Accelerator (batch not verified; BusinessWire batch pages blocked). Also: https://ae.linkedin.com/posts/dubaifuturedistrictfund_zest-equity-activity-6952487653682417665-KdFe https://fintechnews.ae/17980/abudhabi/uaes-zest-equity-raises-usd-3-8m-seed-round-to-digitize-private-market-transactions/ Confidence: confirmed (round 13, Wamda).
Lead: Prosus Ventures
Investors: Morgan Stanley MSISV
Lead: Middle East Venture Partners
Investors: Middle East Venture Partners, Dubai Future District Fund, DASH Ventures
Company press release (via Zawya) states this brought total funding to $5.7M. Also: https://www.zawya.com/en/press-release/companies-news/zest-equity-raises-38mln-seed-round-to-digitize-private-market-transactions-okspapyi https://fintechnews.ae/17980/abudhabi/uaes-zest-equity-raises-usd-3-8m-seed-round-to-digitize-private-market-transactions/ https://techcrunch.com/2023/10/09/zest-equity-seed-funding Confidence: confirmed (round 13, Wamda).
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