About e& capital

e& capital is the investment pillar of e& that invests in the ideas and people that will build a better and brighter digital future. It supports visionary tech businesses, helping them grow and enabling meaningful progress that moves this world forward.

Investing in strategic sectors of the future

e& capital is the USD 250 million corporate venture capital arm of e&, with a strategic mandate to invest in companies that are shaping the future of the key pillars and verticals most relevant to e& Group, including but not limited to:

01

Connectivity

02

SaaS

03

Artificial Intelligence (AI)

04

Fintech

05

Health-tech

06

Ed-tech

07

SMB enablement

08

Cybersecurity

09

Ad-tech

In 2023, e& capital’s investments included:

Maxbyte

e& capital was a lead investor in the USD 5 million Series A financing round of Maxbyte, an innovator in the field of integrated digital and robotics solutions. The funds will be used to strengthen the Company’s market expansion and product development, empowering it to pioneer innovative solutions that enable manufacturers in the digital age.

Headquartered in the UAE, Maxbyte is a leading provider of Industry 4.0 solutions with a strong presence in the automotive, defence, utilities and food and beverage sectors. It aims to enable smart connected industrial enterprise for flexibility, productivity, predictable revenue and profit growth, as well as sustainability.

Ikigai Labs

e& capital invested in the USD 25 million Series A funding round for Ikigai Labs, a start-up committed to bringing generative AI to tabular data to all enterprises across the MENA region. The funding will advance Ikigai Lab’s vision of transforming enterprises’ utilisation of AI, enabling organisations to master AI through the Ikigai Academy and the easy, fast and powerful Ikigai platform.

Ikigai Labs offers a no-code AI solution, helping organisations address the challenges of harnessing large datasets and ensuring accurate forecasting. The Company’s innovative approach combines state-of-the-art time series forecasting with three core tools: aiMatch for data reconciliation, aiCast for prediction and aiPlan for scenario planning.