Lindsay Miller is the managing partner and director of the board of directors of MENA Moonshotsa specialist start-up investor that provides financing, strategic design and direct operational support to start-ups and founders in Dubai and around the world.
During her first 11 years in Dubai, Lindsay Miller worked closely with several entrepreneurs. She has seen how receiving financial and operational support unlocks the potential of people trying to start their own business. Lindsay noticed a gap in the early-stage investing market, and when her business partner offered to take a more structured approach to supporting founders, they decided to launch MENA Moonshots in 2018.
With the subsequent addition of an additional partner, MENA Moonshots spent two years testing the waters with relatively smaller investments. “In early-stage investing, there are some investors and founders who are really looking for very high growth. We were looking for founders that we could have a long-term partnership with”Lindsay Miller told Euronews.
Sineo Packaging offers sustainable packaging solutions for the retail, food and beverage, and e-commerce industries. When the founders, Antoine Moussali and David Fahmy, contacted Lindsay Miller and its partners, they were impressed with the company’s mission and its results abroad. They then invested in the business and helped it gain exposure in the Dubai market.
As their investments grew, Lindsay Miller and her partners were approached by other founders and companies. Joi Gifts, led by Rami Kahale, is an online giveaway platform operating in the Middle East. The potential of their business was one of the key aspects of MENA Moonshoot’s investment decision. “On a gift platform, you are always ordering for someone else. So the idea of always being able to expand the network and the customer base was very compelling for us”says Lindsay.
For Lindsay Miller and her partners, meeting the right founder plays a vital role in their decision-making process. This is the case of Georges Karam, co-founder of The Cloudwhich uses technology to maximize revenue and reach for restaurant owners and underutilized food brands, with no upfront cost or risk. “At first I was not very comfortable with the idea of a virtual kitchen, but we believed in this entrepreneur. The confidence we had in him and the intelligence of his business model allowed us to discover a sector that we did not know. We are very enthusiastic”says Lindsay Miller.
MENA Moonshot now supports eight different founding teams, made up of 300 people, in ten different countries. Believing that living and working in Dubai has had a major impact on their journey, Lindsay Miller and her partners plan to bring new businesses to the city, especially those that can create a positive climate change impact. and durability. “If you have a passion for impact, there is nothing bigger and more important, so that is our goal”added Lindsay Miller.