July 10, 2024
Stride Ventures is broadening its horizons with its first venture debt investment outside of its home country, targeting the UAE. The firm has poured $1 million into Maalexi, a dynamic risk management platform based in the UAE, signaling a larger pledge to the GCC region.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Maalexi | $1M | July 10, 2024 | Investment | Stride Ventures | Trading |
The goal of this investment is to bolster Maalexi's expansion plans and operational abilities, paving the way for more streamlined procurement and distribution of food and agricultural produce throughout the region.
Stride Ventures' Managing Partner, Apoorva Sharma, shared his thoughts on the investment. He highlighted Maalexi's adoption of cutting-edge technologies, which places it at the vanguard of boosting regional food security and linking rural markets with the global economy. He emphasized that this investment mirrors Stride Ventures' dedication to global growth by backing firms that use technology to enhance traditional sectors. Their strategy is crafted to encourage innovation and foster cross-border synergies.
The team further stated that this strategic investment underscores Stride Ventures' allegiance to Hub71, Mubadala's tech ecosystem. It also shines a spotlight on Stride Ventures' role as a global investor with a focus on backing rapidly growing companies in emerging markets.
About Maalexi
Maalexi is a dynamic risk management platform that assures payment and performance for small agri-businesses involved in cross-border trade. The platform is designed to help small local exporters, processors, and producers sell more and realize higher and more predictable margins in international markets. It does this in a safer and faster way by providing a robust risk management ecosystem.
The platform offers a range of services including a risk management platform designed to address payment and performance risks in cross-border trade, focusing on small agri-businesses. It also provides counter-party verification to reduce risks associated with counter-parties in trade. Digital contracts that protect the interests of both parties involved in a transaction, compliant with international standards, are also part of the services offered1. In addition, Maalexi offers tech-enabled inspections to minimize risks related to the quality and quantity of goods, and uses AI tools to remove documentation-related discrepancies in trade transactions.
Website: https://www.maalexi.com/
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About Investor
Investor: Stride Ventures
Stride Ventures is the largest and most active venture debt firm in India, founded in 2019. The firm is synonymous with innovative startup funding and financing for the startup ecosystem. Stride Ventures has anchored itself as a reliable and trusted partner in empowering entrepreneurial ambitions in India and across the globe. The firm has screened over 12,000 companies, covered more than 12 sectors, and has offices in five locations.
Stride Ventures provides bespoke alternative funding solutions that assist startups in their growth journey while maintaining their business sovereignty. The firm offers venture debt that puts entrepreneurs first, protecting founders’ ownership by offering non-dilutive, custom funding options. Their mission is driven by the passion to innovate inclusive and accessible financing for all startups, while ensuring founders keep control of their businesses
Location: New Delhi, Delhi
Website: https://www.strideventures.in/
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