Maalexi, a UAE-based risk management platform catering to SMEs in the agri-business sector, has secured USD 3 million in a pre-Series A funding round led by Global Ventures, a MENA-focused venture capital firm. This latest investment comes on the heels of Maalexi’s substantial growth in 2023, with a 60% CAGR.
Maalexi – Proprietary technology
The funds will be used to further develop Maalexi’s proprietary technology, enhance its full-stack platform, and expand its customer base in the UAE and Saudi Arabia. Maalexi’s platform addresses the challenges faced by millions of small agri-businesses operating in the USD 3 trillion global cross-border food trading market, providing them with the tools and support they need to navigate complex trade processes and mitigate risk.
Dr. Azam Pasha, Co-founder and CEO of Maalexi, expressed his enthusiasm for the funding and highlighted the company’s mission to empower small businesses and strengthen food security. “Maalexi’s platform is transforming the way small agri-businesses trade internationally,” he said.
Noor Sweid, Founder and Managing Partner of Global Ventures, echoed Pasha’s sentiment, praising Maalexi’s innovative approach to risk management and supply chain optimization. “Maalexi is addressing a critical need in the agri-business sector, and we are proud to support their mission to empower small businesses and contribute to food security,” said Sweid.
A suite of tools
With its risk management tools, including digital contracts, AI-enhanced inspections, and blockchain-authenticated documentation, Maalexi is empowering small businesses to participate more fully in the global food trade and improve their financial standing. The platform’s user-friendly interface and seamless integration with existing systems make it easy for businesses of all sizes to adopt.
Maalexi’s commitment to food security aligns with the UAE’s strategic vision, which aims to position the country among the top 10 nations in the Global Food Security Index (GFSI) by 2031. The company’s platform is playing a crucial role in building resilience in the UAE’s food supply chain and reducing the country’s reliance on food imports.
As Maalexi embarks on its regional expansion, it remains committed to its mission of enhancing the engagement of small agri-businesses in trade and contributing to improved food security across the Gulf and beyond.
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