COLABS, the Lahore-based startup that enables SMEs, entrepreneurs and freelancers to build and grow their businesses through its spaces and tech platform, has raised $3 million in a seed round.
The round was led by Indus Valley Capital, Zayn Capital and Fatima Gobi Ventures. It is the first time these three leading Pakistan focused VCs are investing together in a startup. The round was also joined by Shorooq Partners, Kinnow Capital, Muir Capital, Sai Ventures, and some key angels, including Turner Novak, William Hockey, and Teddy Himler.
COLABS was founded in 2019 by Omar Shah, a former private equity and venture investor, and his twin brother Ali Shah, who operates long established family-run real estate and development firm SABCON, which designs and builds out COLABS facilities. Its leadership team also includes Fatima Mazhar (COO) who was one of the early executives at Careem and had helped the company scale in many international markets. COLABS started as a coworking platform with a state-of-the-art facility in Lahore but has since evolved to offer several additional services and tools to entrepreneurs and freelancers, including educational bootcamps and a SaaS platform for back-office solutions such as business incorporation, talent sourcing and management, payroll processing and legal and tax compliance.
Aatif Awan, Founder and Managing Partner of Indus Valley Capital, said, “The first time I visited COLABS, I found the community and energy to be a microcosm of the...
Read Full Story: https://www.techjuice.pk/colabs-raises-3-million-seed-to-empower-entrepreneurs-and-freelancers-through-its-spaces-and-tech-platform-across-pakistan/
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