KarmSolar
KarmSolar was founded in 2011 by Ahmed Zahran, Randa Fahmy, Yumna Madi, and Xavier Auclair in a cafe in Zamalek with a vision to empower Egyptian businesses and communities with renewable energy. Their mission lies in their ability and interest in developing innovative solar energy solutions for off-grid and on-grid applications & in delivering turnkey standalone solar energy applications that are cost-competitive with fossil fuels. Especially their standalone solar energy solutions are to be easily integrated with other sustainable solutions available in the market, such as building efficiency, organic farming, and closed-water cycle solutions, in order to support the development of comprehensive solutions across different sectors.
Their goal is to commercialize sustainability, enabling businesses to gain from an increase in productivity while benefiting from and protecting the environment. The name KarmSolar was inspired by the Karm Eco-lodge in the St. Catherine’s area of Sinai, where the founders were on retreat.
KarmSolar introduced its first solution, solar-powered water pumping, and signed its first contract with agri-developer Fridal to construct 33 wells for their farmland in Bahariya Oasis. The KarmSolar organization grew to include two new subsidiaries, KAL and KarmPower. KAL is a high-performance architecture design firm specializing in human-centric, sustainable, and energy-efficient built environments. It was previously known as KarmBuild. KarmPower serves as the engineering, procurement, and construction arm for KarmSolar and KAL.
PreSend
LAWRENCE (LARRY) HOLISKY and DREW WOLFER are the founders of PreSend. Larry identified a need in the cryptocurrency transaction market and immediately implemented a solution to this billion-dollar industry, and PreSend was born. With the end consumer in mind, PreSend aims to make EVERY transaction on the blockchain safe, thus saving millions of dollars for cryptocurrency market participants in the process.
PreSend takes a strategically proactive approach, considering the problematic nature of having hundreds of different blockchains that aren’t necessarily compatible or communicating with each other. What PreSend does is aid its users in the avoidance of a mismatched, in terms of blockchains, transaction from happening. PreSend’s proprietary and patented software performs automated double-checks to ensure that the user has entered valid transaction details and that the user doesn’t have to do anything extra for this process to complete.
PreSend.io has partnered with Chainlink, and connected with the development team, to develop a smart contract that automates the airdropping process from the Dividend Pools for Institutional and Retails Member NFT holders. PreSend.io has also partnered with Wolfer Finance to integrate its network with the Wolfer Finance ecosystem and help bring PreSend.io to the global community.
GLEAC
GLEAC is an education technology company focused on building, measuring, visualizing, and sharing 21st-century skills that reshape how we show up on Job boards, Resumes and Report Cards. GLEAC is a team of nerds with diverse backgrounds from various countries, each with unique experiences and thought processes that challenge each other. In an age of automation, skills such as critical thinking, creativity, and collaboration have leap-frogged ahead of hard skills as indicators of superior human performance. Helping you identify and develop all your 21st Century human skills and remain competitive is all about it. GLEAC is redefining what and how to upskill in soft skills to get a better job. It is why the startup has clients such as Expo 2020, Accenture, Prada USA, People Strong, etc. With a 360 mentor feedback loop, GLEAC boosts the success rate of job seekers and engineers’ performance of existing workforces in just 10 minutes of upskilling a day. Using AI, GLEAC benchmarks and develops gaps in soft skills for any job in 10 minutes a day. The technology company then signals job readiness in human skills such as creativity, critical thinking, and communication to any current or future job.
The startup also upskills in gap areas and provides a 360 feedback loop from an exclusive pool of 500+ GLEAC mentors.
Stake
Dubai-based startup Stake is offering retail investors from across the globe the opportunity to buy fractions of rental property in UAE’s marquee city and earn regular income. The company, founded by Manar Mahmassani, Rami Tabbara, and Ricardo Brizido in 2020, has raised $8 million in a pre-Series A round from investors like BY Ventures, MEVP, and Vivium Holdings to expand its portfolio and launch in Saudi Arabia and Egypt. Their aim is to build Stake to create a digital platform that makes real estate investing simple, transparent, and affordable to all and breaks down the barrier to entry to AED 500, identifies the most attractive assets in the market and provides all transparency you need to make an informed investment decision. They also manage your investments for you end-to-end, from carrying out the property acquisition to arranging and distributing rent, managing payments, all way to executing the sale of each asset at the time of exit. With Stake, you can become a landlord within minutes, create your own diversified property portfolio and sit back, collecting a second income and a best-in-class total return on your investment.
The company first raised a $4 million seed round last year.
Stake currently manages more than 44 properties with a combined value of AED 56 million ($17.9 million). The company claims that it has achieved an average 17% monthly growth rate in both investors and assets under management (AUM).
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