New York VC Modus Capital, invests in UAE based women-led tech startup, Play:Date – ZAWYA

  • Date: 06-Jul-2020
  • Source: Zawya
  • Sector:Technology
  • Country:UAE
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New York VC Modus Capital, invests in UAE based women-led tech startup, Play:Date – ZAWYA

New York VC Modus Capital, invests in UAE based women-led tech startup, Play:Date | ZAWYA MENA Edition HomeArticleNew York VC Modus Capital, invests in UAE based women-led tech startup, Play:Date This boost of funding will support Play:Date in their journey to further grow the app    Dubai - Play:Date, a homegrown interactive mobile application, that helps parents build their child's social circle, has secured an investment partnership with Modus Capital, a hybrid venture capital firm, headquartered in New York.This boost of funding will support Play:Date in their journey to further grow the app, by primarily increasing its presence in the Middle East, followed by international expansion plans. Modus Capital will actively assist Play:Date, by not only investing in them, but also aiding in tech support, management, investor relations, and overall leadership support to become globally competitive.Shamim Kassibawi, Founder & CEO of Play:Date, said, "The opportunity to work with Modus Capital poses exciting expansion opportunities for Play:Date. We decided to work with them as they are not your typical venture capitalist's that are solely focused on investing, instead they actively assist entrepreneurs by supporting with strategies and high-growth prospects. Additionally, we required a firm that had presence not only in the