The round was led by Mubadala Investment Company with 500 Startups, Kuwait Projects Company, Shorooq Partners, Middle East Venture Partners, DIFC, Hambro Perks Oryx Fund, HALA Ventures, and Vision Ventures also participating.
Sarwa will use the new capital to expand its market position and grow the team, as well as launch new products. Sarwa has raised around USD 25 million from regional and international investors, as well as government funds to date.
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