Colabs, a Lahore-based startup that enables SMEs, entrepreneurs, and freelancers to build and grow their businesses through its co-working spaces and tech platform, has raised $3 million in a seed round.
The round was led by Indus Valley Capital, Zayn Capital, and Fatima Gobi Ventures. It is the first time these three leading Pakistan-focused VCs are investing together in a startup. The round was also joined by Shorooq Partners, Kinnow Capital, Muir Capital, Sai Ventures, and some key angels, including Turner Novak, William Hockey, and Teddy Himler.
Aatif Awan, founder and managing partner of Indus Valley Capital, said in a statement: “The first time I visited Colabs, I found the community and energy to be a microcosm of the fast-growing Pakistani tech ecosystem. We’re thrilled to partner with the Colabs team to help them build the platform and community that will power the growth of Pakistani tech across startups, freelancers, and global companies expanding into Pakistan.”
Faisal Aftab, co-founder & managing partner of Zayn Capital said, “I have closely watched Colabs grow into one of the key players in Pakistan’s startup ecosystem. We were fortunate to have met some of the startups we invested in, at their spaces. Omar and his team continue to do excellent work to accelerate the growth of the startup ecosystem here and we are excited to join their journey in serving tens of thousands of founders and freelancers across Pakistan.”