logo icon

We invest in the ideas and people that are building a better future for all.

images
icon-arrow-black-1px Created with Sketch.
icon-arrow-black-1px Created with Sketch.

Moving the world forward with 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. With a fund size of $250 million, it supports visionary tech businesses, helping them grow and enabling meaningful progress that moves this world forward. e& capital invests in startups that dare to disrupt and challenge the way things are because they believe in something better. It collaborates with bold entrepreneurs to turn their big ideas into the leading businesses of tomorrow.

Given the close interplay between e& and its diverse business pillars, we work closely with our colleagues within the Group to assess synergies that help us accelerate the business growth of both the startups and the Group.

Strategic mandate

At e& capital, our goal is to be the bridge that carries groundbreaking technologies between the MENA region and the rest of the world. We dedicate ourselves to backing tech disruptors from MENA, equipping them to scale internationally and making their mark on the global stage. In parallel, we welcome and support international innovators with the ambition and drive to enter and succeed in the vibrant MENA marketplace.

By investing an average of USD 5 to 30 million in Series A-B companies, we position these start-ups to flourish during their growth phases, providing the necessary support to foster innovation, expansion, and meaningful cross-border connections. Our targeted industries for investment are carefully selected for their strategic alignment with the e& group’s verticals, aiming to either synergise with our current ecosystem or introduce transformative disruption.

We will also leverage e& Group network of 16 operators and >170 million aggregate subscribers.

eand-image
icon
Next gen. connectivity / IOT
icon
Data / data monetisation
icon
Entertainment-tech
icon
Fintech / embedded finance
icon
Ed-tech
icon
SME SaaS
icon
Enterprise SaaS
icon
Ad-Tech
icon
Novel digital consumer journeys
icon
Embedded AI/ML app
icon
Cybersecurity

Our vision
images
Portfolio
images
Team
images
Board of Directors
images

Our brands

images

We build apps and products that give you the power to experience more life.

images
images

We partner with business and government to create a smarter, safer and more sustainable world.

images
images

Our growing portfolio of telecom brands are changing the way the world connects, communicates, streams and pays.

images

Portfolio companies

news
Connectivity/e-SIM

Airalo

https://www.airalo.com
news
Industry 4.0 / IoT

Maxbyte

https://maxbyte.co
news
AL/ML

Ikigai Labs

https://www.ikigailabs.io
news
Fintech

Traydstream

https://traydstream.com/
news
E-GROCERY

Breadfast

https://www.breadfast.com
news
AR/VR Entertainment

Vuz

https://vuz.com
news
Telco Cloud/SaaS & Edtech

Lablabee

https://www.lablabee.com
news
Ad-tech / Creator Enablement

Komi

https://komi.io

Our vision
images
Portfolio
images
Team
images
Board of Directors
images

Our brands

images

We build apps and products that give you the power to experience more life.

images
images

We partner with business and government to create a smarter, safer and more sustainable world.

images
images

Our growing portfolio of telecom brands are changing the way the world connects, communicates, streams and pays.

images

Team

Harrison Lung

Harrison Lung

Group Chief Strategy Officer, e&

Harrison Lung is the Group Chief Strategy Officer of e&. He was appointed in May 2023 and oversees corporate strategy and planning, mergers and acquisitions (M&A), venture capital, Group transformation, ESG and sustainability.

With over two decades of experience in the telecom and technology sectors, Harrison is directly collaborating with e&'s management team and board of directors to develop the overall business strategy, set the direction of the Group and develop plans to achieve e&'s business objectives.

Harrison also focuses on accelerating e&'s transformation into one of the world's leading technology companies, developing the competitive advantage of the Group's portfolio of brands in the 16 markets in which it operates and allocating resources to support the Group's vision of connecting communities while creating value for customers and shareholders.

He has a wealth of expertise working internationally in strategy, management consulting, and private equity. Before joining e&, he was a Partner at Siris Capital, a leading New York-based private equity firm investing in core technology and telecom assets.

Harrison formerly held the position of partner for technology, telecom, and digital in North America and Asia at McKinsey & Company. During his time, he worked with technology providers across the value chain and technology buyers on their strategic agenda. He previously worked as a technical architect for Bell Mobility, Sprint Canada (now Rogers Communications), and Accenture's mobile technology department. He has published numerous articles in internationally renowned journals and is a frequent speaker and panel moderator as an industry thought leader at various technology conferences.

He holds a B.Sc. in Computer Engineering from the University of Waterloo and a dual M.B.A. from Cornell University (Johnson Graduate School of Management) and Queen's University (Smith School of Business). He is a licensed Professional Engineer (Ontario, Canada) and a Chartered Professional Accountant (British Columbia, Canada).

Kushal Shah

Kushal Shah

Managing Director

Kushal Shah brings over 25 years of experience in strategy consulting and venture investments, significantly contributing to the development of the Middle Eastern technology and investment sector. His expertise extends to providing counsel and support to numerous startups in the MENA region and further afield.

Prior to joining e& capital, Kushal held senior positions at Roland Berger's Dubai office, serving as a Senior Partner and Managing Director for the Middle East.

He is also the founder of Dubai Angel Investors and Saudi Angel Investors. Kushal studied economics at Cambridge University (UK) and is also a chartered accountant. He relishes being part of the technology disruption and believes that the next 5-10 years will be the most transformative in history.

Eddy Farhat

Eddy Farhat

Executive Director

Eddy Farhat serves as an Executive Director at e& capital, where he brings more than 15 years of diverse experience in leadership roles. His expertise spans strategy, analytics, and marketing. He has made significant contributions to numerous startups in the eCommerce, fintech, and healthtech sectors.

Eddy's corporate journey also includes previous experience in technology consulting at Booz & Co and business development at Google. He holds an M.Sc. in Software and Networking Engineering, specialising in high-performance computing.

Samer Sadek

Samer Sadek

Principal

Samer Sadek has built a career that bridges startups, product management, and strategy consulting, emerging as an innovative Principal.

His track record is highlighted by his leading role in multiple fundraises across the region, most notably the USD 125 million Series B raise for Unifonic, his previous employer. Samer’s knowledge of product development, combined with his strategic acumen, makes him a valuable expert and advisor to numerous emerging startups and ventures in the region.

During his time in management consulting, Samer worked with telecom companies and government agencies, helping them assess and implement technology ventures.

Laine Melkerte

Laine Melkerte

Senior Analyst

As a Senior Analyst, Laine Melkerte contributes over six years of experience across sustainability, government sector, and event management. Prior to joining e& capital, Laine was the Senior Project Manager at the Investment & Development Agency of Latvia, where she fostered strategic business and economic relationships between Latvia and the UAE and organized trade missions for entrepreneurs across space, IT, IoT, construction, and other industries, as part of Expo 2020. 

Laine was also the Corporate Development Analyst at Enerwhere Sustainable Energy, where she developed and implemented corporate strategy and facilitated equity and debt fundraising initiatives.

Labeabah Almheiri

Labeabah Almheiri

Senior Analyst

Labeabah AlMheiri is a Senior Analyst on the e& capital team and maintains 3 years of experience in venture capital and strategy consulting. Prior to her role at e& capital, Labeabah was a Senior Strategy Consultant at EY-Parthenon, where she acquired extensive experience developing AI and big data policies and strategies at a federal level.

Labeabah also maintains elaborate experience creating growth and investment strategies for government entities and organisations aiming to channel funding to startups in the GCC. Labeabah has been recognized as a woman to watch in CVC in the Middle East by Global Corporate Venturing.

Jina Cho

Jina Cho

Senior Manager

Jina Cho leads portfolio management and drives value creation at e& capital. Her comprehensive 12-year career in IT consulting and global business development has provided her with extensive expertise.

Before joining e& capital, Jina co-founded an esports startup and held global leadership positions at major companies, including LINE Corp. and Weber Shandwick, where she successfully launched mobile services in the SEA and GCC markets and secured key partnerships with leading telcos and regional brands.

Our vision
images
Portfolio
images
Team
images
Board of Directors
images

Our brands

images

We build apps and products that give you the power to experience more life.

images
images

We partner with business and government to create a smarter, safer and more sustainable world.

images
images

Our growing portfolio of telecom brands are changing the way the world connects, communicates, streams and pays.

images

Board of Directors

H.E. Jassem Alzaabi

H.E. Jassem Alzaabi

  • Secretary General - Abu Dhabi’s Supreme Council for Financial and Economic Affairs
  • Member - Abu Dhabi Executive Council
  • Chairman - Department of Finance - Abu Dhabi
  • Secretary General - Artificial Intelligence & Advanced Technology Council
  • Chairman - Abu Dhabi Pension Fund
  • Chairman - Modon Holding PJSC
  • Chairman - e& PJSC (Etisalat)
  • Vice Chairman - UAE Central Bank and
  • Vice Chairman - Abu Dhabi Holding Company (ADQ)
  • Board member - Abu Dhabi Investment Authority (ADIA)
  • Board member - Abu Dhabi National Oil Company (ADNOC)
  • Board member - First Abu Dhabi Bank (FAB)
  • Board member - Tawazun Economic Council
  • Member - Education and Human Resources Council
Michel Combes

Michel Combes

  • Executive Vice President - Claure Group
  • Board Member - Philip Morris International
  • Board Member - Swile
  • Board Member - Espace Inc
  • Board Member - F5 Inc
  • Chairman & CEO - MC Conseil
  • Board Member (former) - Contentsquare
  • Board Member (former) - Assystem
  • President and CEO (former) - SoftBank Group International
  • Board Member (former) -CTIA
  • President and CEO (former) - Sprint
  • Board member (former) - Sprint
  • CEO (former) - Altice
  • COO (former) - Altice
  • Chairman and CEO (former) - SFR Group
  • CEO (former) - Alcatel-Lucent
  • CEO (former) - Vodafone Europe
  • Chairman and CEO (former) - TDF Group
  • CFO and Senior Executive Vice President (former) - France Telecom
Hatem Dowidar

Hatem Dowidar

  • GCEO - e& Group
  • Board member - Vodafone Group
  • Board member - Mobily KSA
  • Board member - Maroc telecom
  • Board Member - Etisalat Egypt
  • Board Member - Pakistan Telecommunication Company (PTCL)
  • Board Member - Abu Dhabi Chamber of Commerce & Industry
  • Board Member (former) - GSMA
  • CEO (former) - e& international
  • Group Chief of Staff (former) - Vodafone Group
  • CEO (former) - Vodafone Malta
  • CEO of partner markets (former) - Vodafone Group
  • CEO (former) - Vodafone Egypt
  • CMO (former) - Vodafone Egypt
Kaj-Erik Relander

Kaj-Erik Relander

  • Board Member – Abu Dhabi Global Markets
  • Board Member – Abu Dhabi Developmental Holding Company (ADQ)
  • Board Member – SES Satellites
  • CIO (former) – Emirates Investment Authority
  • Senior Advisor (former) - Mubadala
Murtaza Hussain

Murtaza Hussain

  • CIO -  Abu Dhabi Developmental Holding Company (ADQ)
  • Board Member – Aramex
  • Board Member – Abu Dhabi Ports
  • Managing Director (former) – Abraaj Group

Our vision
images
Portfolio
images
Team
images
Board of Directors
images

Our brands

images

We build apps and products that give you the power to experience more life.

images
images

We partner with business and government to create a smarter, safer and more sustainable world.

images
images

Our growing portfolio of telecom brands are changing the way the world connects, communicates, streams and pays.

images