QiDZ raises $1 million in seed round
Source: Gulf News
QiDZ, a one-stop destination for kids-related fun, education and entertainment in the UAE, announced earlier today that the company has raised $1 million (Dh3.67 million) in seed funding.
The round was led by several regional and international institutional investors, which included the Oman Technology Fund, 500 Startups, Vision Ventures, Seedstars, Mindshift Capital, Delta Partners Ventures and support from the OQAL Angel Investor Network, UAE Business Angels and Misk Innovation.
The company will use the funds to further enhance its product offering, grow its team and expand its footprint into other GCC markets.
Khalid AlHadlaq, an investor and an Advisory Board Member said, “QiDZ has established real value for kids entertainment in the UAE. I am excited to see the growth and what the team has achieved, and to be part of the journey. The time has never been better to expand into other markets and, in particular, into Saudi Arabia.”