Modus Capital invests $2.8M in eight startups through its Venture Builder platform

Modus Capital — the Venture Platform comprising VC funds, Venture Builders, and a Corporate Innovation arm in MENA — has announced the successful build and launch of eight startups from its Venture Builder (VB) programs in 2023, investing a total of $2.8 million across these emerging companies.

How does it work?

Modus' venture-building approach involves a nine-month program designed to empower founders to collaborate with Modus' operational experts in co-building ideas into fully operational and investable companies. Throughout their participation, founders test and validate ideas, gain access to unparalleled tech support and strategic mentorship, while developing MVPs ready for the market.

Modus operates a network of venture builders anchored by a $50M Venture Builder Fund with programs located across the MENA region in Abu Dhabi, Riyadh, and Cairo. Each location has its own venture-building frameworks, strategic goals, and serves as regional ecosystems for startups to build out scalable ideas and products, network and knowledge-share with fellow entrepreneurs, and ultimately drive innovation.

Startups across Modus' VBs benefit from an investment, which includes a combination of capital and in-kind services. From supplementing product, marketing, engineering, design, research, and strategy teams to a dedicated budget for growth initiatives and market validation, Modus provides essential resources to ensure its startups have the best chance of success.

Selected startups

Only two of the eight startups are in the digital health space, including:

MDBX: A Healthtech merging chronic condition care and medication management with a digital pharmacy linked to robotics.

Your Social Smile: A dental digital marketing tool that modernizes dental experiences and helps improve communication and set procedural expectations between doctors and patients.

Other companies launched through Modus' Venture Builder are JamaliBox, Monet, Oscar, Seva, Sinbad, and Stornest.

On the record

"The growth of the startups in our VBs is a testament to the collaborative efforts between our founders and venture-building experts," said Awad Makkawi, Director of Venture Building at Modus. "With the foundation set, I'm confident that their missions and products will resonate with customers and potential investors, paving the way for further success and funding."

What's next?

Modus will remain committed to supporting each startup, particularly with introductions to its network and facilitating access to follow-on investment opportunities from Modus' VC fund and other investors.

In 2024, Modus is targeting the launch of 6-8 companies, leveraging a pre-existing pipeline of ideas and entrepreneurs in its venture builders. The platform is also welcoming new applications.