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Lahore-Based Colabs Secures $2 Million in Pre-Series A Funding to Expand into MENA Region
Lahore's coworking space Colabs raises an additional $2 million in funding, targeting expansion into Saudi Arabia's entrepreneurial ecosystem! With over $5 million raised to date, Colabs is set to empower SMEs, freelancers, and startups across MENA.
ND
by News Desk
2024-10-24
Lahore-Based Colabs Secures $2 Million in Pre-Series A Funding to Expand into MENA Region

Colabs, a Lahore-based startup providing coworking spaces and tech platforms for small and medium enterprises (SMEs), freelancers, and entrepreneurs, has announced raising an additional $2 million in its Pre-Series A funding round. This brings its total venture capital raised to over $5 million from top investors.
The latest funding round was led by prominent investors, including Shorooq Partners, Indus Valley Capital, Fatima Gobi Ventures, and Zayn VC, along with other leading angel investors. Colabs plans to use this investment to expand its operations into the Middle East and North Africa (MENA) region, with a particular focus on Saudi Arabia.
“Saudi Arabia’s thriving entrepreneurial ecosystem offers us a significant growth opportunity, and this funding marks a key milestone as we prepare to replicate our success in new markets,” said Omar Shah, co-founder of Colabs.
Currently operating in more than 10 locations with a membership of over 5,000, Colabs has partnered with global companies like EY, Endeavor, Spotify, and Google Cloud to promote innovation and community building. Despite global challenges in the coworking sector, Colabs remains the only coworking space in Pakistan to successfully raise venture capital post-WeWork collapse.
In addition to its expansion plans, Colabs recently launched "Google Cloud for Startups," offering training sessions on data transformation, generative AI, and cybersecurity for startups across Pakistan.
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