Velents Secures Major Investment from Women Collective to Drive Gender Equality and AI Innovation

Velents proudly announces the successful closure of a significant investment round with Women Collective, marking major milestones in reshaping the future of work through advanced AI technology.

This round stands out for its innovative approach to promoting gender equality in the investment landscape. By offering preferential terms for women investors, Women Collective and Velents AI are setting new standards in wealth creation for women while ensuring their significant presence on the cap table of a male-founded business.

Female participation in the MENA region is increasing but remains low compared to global standards, with women holding only 10% of senior roles in private equity and venture capital. In Saudi Arabia and the UAE, women’s representation on boards is just 12% and 13%, respectively. This funding round aims to accelerate the growth of women as investors and board members.

Major participation from women investors Over 80% of the funding came from women, including six new first-time angel investors, demonstrating a strong commitment to diversifying the investment community.
Empowering women in tech This investment round reflects Velents’ dedication to fostering gender diversity and inclusion within the tech industry.
Advancing AI technology Velents is leveraging artificial intelligence to enhance organizational productivity, starting with Velents Hiring, their flagship product. The new capital will propel their mission to innovate and transform workplace dynamics and efficiency.
“We are thrilled and honored 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,” said Mohamed Gaber, Co-Founder of Velents.

Romanna Dada, Founding Partner of Women Collective, commented, "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. I anticipate that this will pave the way for many others to initiate similar rounds, showcasing the power of women in enhancing revenue, profitability, and growth for Velents AI as it fosters innovative solutions that drive positive change."

Samar Hasan, the first angel to invest from Pakistan, said, “As a passionate advocate for gender equality and a firm believer in the transformative power of emerging tech, I am thrilled to be part of this investment round with Velents AI. This investment also marks a major milestone for Women Collective, as it is our first technology investment collectively as a group of powerful women investors. I expect this to inspire many others to follow suit, showcasing the true potential of women-led investments.”