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Velents' Special Investment Round concludes with Women Collective

By: GWL Team | Monday, 29 July 2024

A special investment round with Women Collective, raised by Velents has finally comes to an end, with successful closure. Plenty of significant milestones has been marked during the round while also having support and assistance for the mission towards reshaping work future via cutting-edge AI technology.

This particular investment round has been remarkable due to its innovative approach for promoting gender equality in the realm of investment. Jointly, Women Collective alongside Velents AI has set new standards in wealth creation for women by offering preferential terms as well as valuations for female investors. This round also ensured women’s important presence on male-founded business’ cap table.

Additionally, Velents’ con-founder Mohamed Gaber stated, “We are thrilled and honoured by the overwhelming support from our existing investors and the Women Collective in facilitating this round. This investment is not just funding; it is a validation of our vision and a step forward in creating a more inclusive investment ecosystem.”

Adding to the statement, Women Collective’s Founding partner Romanna Dada added, “This investment round marks a crucial step towards gender equality in the investment landscape and serves as a significant testament to the forward-thinking founders at Velents AI, who are leading as pioneers in this journey. I anticipate that this will pave the way for many others to initiate similar rounds, allowing us to showcase the power of women in enhancing revenue, profitability, and growth for Velents AI as it fosters innovative solutions that drive positive change. This is the second investment in one month as part of a commitment to focus on deal-making. Think of Women Collective as a replacement for an MBA through real execution experience.”