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Lahore-based COLABS raises $3 million in early funding

LAHORE: Lahore-based coworking operator COLABS has raised $3 million in a seed round as the startup plans to become the launchpad for startups and freelancers. 

According to the details, the seed round was led by Pakistan-focused funds Indus Valley Capital, Zayn Capital and Fatima Gobi Ventures.

The round was also joined by Shorooq Partners, Kinnow Capital, Muir Capital, Sai Ventures, and some key angels including Turner Novak, William Hockley, and Teddy Himler.

Colabs was founded in 2019 by Omar Shah, a former private equity and venture investor, and his twin brother Ali Shah, who operates long established family-run real estate and development firm SABCON, which designs and builds out COLABS facilities.

“COLABS has grown into a community of over 1,200 members and over 100 companies across multiple facilities in Pakistan,” a statement from the company read. 

COLABS currently hosts a mix of freelancers, startups, SMEs and MNCs.

From its flagship site in Lahore, COLABS has expanded its presence in Karachi and recently received a license from the Special Technology Zones Authority (STZA) to operate a coworking space in Islamabad.

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