Pakistan’s workspace company, COLABS, has secured $2 million in a Pre-Series A funding round led by Shorooq Partners, with participation from Waad Investment.

Why it Matters? The funds will support the company’s expansions into Saudi Arabia.

More to Know:

• COLABS was founded in 2019 by Omar Shah and his brother Ali Shah.
• The company provides flexible workspaces for individuals and offices for companies of all sizes, as well as halls for events and meetings.
• The company previously announced the closing of a Seed round in March 2022 with the participation of Shorooq Partners.
• COLABS was backed by investment firms such as Indus Valley Capital, Fatima Gobi Ventures, and Zain Capital.
• The company has raised $5 million in investments to date.