Eyad Latif_ Omar Maayeh

Sequoia Capital acts as lead investor on Tabby’s $58M Financing

Latham & Watkins provided legal advice to Sequoia Capital, the lead investor, in Tabby’s USD58 million funding round.

Latham & Watkins provided legal advice to Sequoia Capital, the lead investor, in Tabby’s USD58 million funding round. The round valued the Dubai-based buy now, pay later start-up at USD660 million. 

The funding round was co-led by STV and had participation from PayPal Ventures, the global corporate venture arm of PayPal, which marked its first investment in the Gulf Cooperation Council (“GCC”), along with Mubadala, Arbor Ventures, and Endeavor Catalyst.  

The funding will be used to expand Tabby’s product line and support the company’s growing operations that now include Egypt. Tabby has raised over USD410 million in equity and debt since its launch in 2019. 

The Latham team was led by Dubai partner Eyad Latif (pictured left) and counsel Omar Maayeh (pictured right), with associates Stephanie Dang and Rehab Abdelwaheb. Advice was also provided on IP matters by Dubai partner Brian Meenagh

Sequoia Capital acts as lead investor on Tabby’s $58M Financing

suzan.taha@lcpublishinggroup.it

legalcommunitymena.com

Launched in 2022 by LC Publishing Group S.p.A., it is the first digital portal addressed to the Middle East North Africa market.

In terms of contents, the website focuses on both law firms and in-house legal departments, covering the latest news and rumors on deals and operations (and the related advisors) as well as on lateral hires, moves and new appointmens and providing insights, analytical data and opinions on the professions’ main trends and topics (AI, innovation, etc.).

For further information, please visit the Group’s website www.lcpublishinggroup.com

Legalcommunity MENA
LC Publishing Group S.p.A. – Via Tolstoi 10 – 20146 Milano – Tel. 0236727659 – C.F./P.IVA 07619210961
REA 1971432 Registro delle Imprese di Milano – Cap. Soc. Euro 50.000,00 i.v.

Copyright 2023 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram