# PBEnterprise DMCC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pbenterprise-dmcc

- Industry: Internet
- Headquarters: Dubai, United Arab Emirates
- Website: www.magnitt.com
- Total disclosed funding: $1.8M
- Latest round: Seed (Mar 26, 2018)
- Investors on record: 5

## About

PBEnterprise DMCC operates an innovative online platform that connects startups, investors, and mentors in the MENA region, facilitating investment opportunities and market insights.PBEnterprise DMCC was founded in 2015 and is headquartered in Dubai, United Arab Emirates. The company primarily focuses on fostering connections within the startup ecosystem in the MENA region. The founders, Amir Ilazi and Philip Bahoshy, have a history of entrepreneurial ventures. The company has participated in 2 deals with its most recent deal occurring on March 26, 2018. In that round, it raised USD 1.000 mn through a Seed funding round led by 500 Global, along with participation from Financial Horizon Group, KFHC, Middle East Venture Partners, and iNet. The total amount raised by the company is USD 1.000 mn.PBEnterprise DMCC offers Magnitt, an online platform designed to support interaction between startups, investors, and mentors in the MENA region. The platform serves as a comprehensive database that connects entrepreneurs with potential investors, delivering insights into market trends, investment opportunities, and startup performance metrics. Key features include a deal flow management system and in-depth analytics, which help users track investments and identify emerging trends, primarily targeting countries such as the UAE, Saudi Arabia, Egypt, and Jordan.PBEnterprise DMCC generates revenue mainly through subscription-based services and partnerships with stakeholders in the startup ecosystem. Clients, including investors and corporates, have access to various subscription plans that offer insights, analytics, and enhanced visibility for their investment portfolios. This model encompasses annual subscription fees, which provide tiered access to a range of tools tailored to user needs, alongside potential revenue generated from strategic partnerships that offer customized solutions and consulting services.The company aims to leverage its recent funding round from March 2018 to enhance its platform capabilities and explore new product features designed to improve user engagement and investment tracking. Plans are underway to expand its services into additional markets across the MENA region, focusing on countries with burgeoning startup ecosystems. By utilizing the funds raised in the Seed funding round of USD 1.000 mn, PBEnterprise DMCC intends to reinforce its market presence and develop innovative solutions that address the evolving needs of startups and investors.

## Funding rounds

- Seed, Mar 26, 2018, $1M — 500 Global, Middle East Venture Partners, KFHC, Financial Horizon Group, iNet
- Seed, Jun 1, 2017, $0.8M — Middle East Venture Partners

## Investors

- Middle East Venture Partners (https://capitalatlas.ai/funds/middle-east-venture-partners) — Seed
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- KFHC (https://capitalatlas.ai/funds/kfhc) — Seed
- Financial Horizon Group (https://capitalatlas.ai/funds/financial-horizon-group) — Seed
- iNet — Seed