The Lab Ventures Closes Fund II to Fuel MENA B2B Innovation

Dubai-based operational venture capital firm The Lab Ventures has closed its second fund at Dhs124 million (approximately €29.1 million), aimed at accelerating innovation in B2B sectors across the Middle East, North Africa, and Europe. Launched in July 2025, Fund II is backed by Spain’s Instituto de Crédito Oficial (ICO), alongside regional family offices and experienced entrepreneurs. The financing reinforces The Lab’s growing footprint and focus on underserved enterprise-tech categories. The fund will focus on early-stage startups operating in PropTech / Construction Tech, HealthTech, and AI-powered professional services. The Lab already has stakes in seven portfolio companies, including regional firm PropSpace, acquired from Property Finder, which is now expanding its real-estate CRM and payment platform. "Our LPs bring sector expertise, market access, and strategic relationships that directly benefit our portfolio companies," said Jonathan Lahyani, General Partner for MENA & GCC regions, based in Dubai. "This is more than only capital, it's a network of operators and entrepreneurs who actively support our founders." With offices in Madrid and Dubai, The Lab Ventures enables portfolio companies to navigate both mature European markets and fast-growing Gulf ecosystems. By combining early-stage capital with hands-on support in product development, engineering, and market entry, the firm aims to build globally competitive B2B startups.