BuiltUp Ventures Fund opens an office

To provide property and construction technology

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Tuesday 26 July 2022

BuiltUp Ventures, an Israeli seed-investment fund, has announced the opening of a new office in Dubai. The office will help the company to gain traction in the UAE to provide property and construction technology (proptech and contech) and collaborate with its Gulf partners on future projects.

BuiltUp Ventures is a Tel Aviv- and New York-based venture capital firm that invests in early-stage proptech and contech. It was established in 2019 by Besadno, an Israeli American investment group with more than 10,000 members from the Israeli market.

Several of BuiltUp Ventures’ portfolio companies are making global contributions in these two up-and-coming sectors, including Okibo, a developer of mobile and autonomous robots for use in construction sites, and Augmind, a developer of augmented reality solutions for real estate.

Over the last six months, BuiltUp Ventures has participated in several events in Dubai, including the Construction Technology Festival at the Address Hotel Dubai Marina, and the Energy and Sustainability Summit at the St. Regis Dubai, The Palm.

The opening of the Dubai office coincided with the new free trade agreement signed between Israel and the UAE in May 2022 in a bid to boost economic ties between the two countries.