Israel’s Entrée Capital Invests Around $15 Million in UAE Startups

The fund’s latest investment in the UAE was in an Emirati insurtech company from Abu Dhabi, Hala, which raised $5 million in a round led by Entrée, along with the participation of investment company Mubadala, and the funds 500 Startups, Global Founder Capital, EQ2, and Oryx. Mubadala is the Emirati sovereign wealth fund, which also invests alongside Entrée in Europe. Hala was founded in 2018 by brothers Whalid Daniel and Karim Dib to coordinate payments between car insurance companies in the UAE, and are a digital insurtech company.