{"id":91970,"date":"2024-05-14T00:00:00","date_gmt":"2024-05-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/lune-closes-usd-1-5-mn-seed-round\/"},"modified":"2024-05-14T00:00:00","modified_gmt":"2024-05-14T00:00:00","slug":"lune-closes-usd-1-5-mn-seed-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/05\/14\/lune-closes-usd-1-5-mn-seed-round\/","title":{"rendered":"Lune closes USD 1.5 mn seed round"},"content":{"rendered":"

Lune secures USD 1.5 mn:<\/strong> Dubai-based data analytics firm Lune<\/a> has raised USD 1.5 mn in a seed round led by Dubai Future District Fund<\/a> (DFDF), with participation from Plus Venture Capital<\/a>, Reach International, and Judah Ventures<\/a>, according to a press release<\/a>. Several family offices and angel investors also contributed to the funding round.<\/p>\n

Where the money is going: <\/strong>Lune will use the funding to improve its platform and support its regional expansion plans, with plans to expand the platform to Oman, Qatar, Kuwait, and Egypt. The startup is also set to partner with an unnamed \u201cmajor GCC payments company,\u201d which will further bolster Lune\u2019s growth in the region.<\/p>\n

About Lune: <\/strong>Founded in 2020 by Helal Tariq Lootah (LinkedIn<\/a>) and Alexandre Soued (LinkedIn<\/a>), Lune analyzes customer\u2019 transactions for banks, fintechs, and financial institutions and converts them into visual data and insights.<\/p>\n","protected":false},"excerpt":{"rendered":"

The startup is poised to partner with a major payments firm<\/p>\n","protected":false},"author":1,"featured_media":91971,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1548],"tags":[7,79,1342,78],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam-uae","tag-fintech","tag-investment","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"578615a2-5e61-4ac3-ba92-2ba65ca7e72b","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/942.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Data analytics firm Lune closes USD 1.5 mn seed round","related_issue":[91957],"teaser":"The startup is poised to partner with a major payments firm","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.276ced9f-7528-422d-8e26-ccc35d8dfce6.mp3"},"yoast_head":"\nLune closes USD 1.5 mn seed round - 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