COLABS, Pakistan’s only venture-backed flexible workspace, has raised $2 million in a pre-Series A funding round led by Shorooq Partners, with participation from Saudi-based Waad Investment to fuel expansion into Saudi Arabia.
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This latest investment brings COLABS’ total funding to over $5 million, allowing the company for strategic expansion into Saudi Arabia and the broader MENA region.
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As COLABS expands into Saudi Arabia, it aims to provide essential infrastructure and support for startups, freelancers, and entrepreneurs, mirroring our impactful presence in Pakistan.
Omer Zabit, Principal at Shorooq Partners, commented on the investment: “COLABS has demonstrated impressive growth, emerging as a key player in Pakistan’s startup landscape despite local macroeconomic challenges. We are proud to support their next phase of growth as they expand into Saudi Arabia, one of the most exciting markets in the region.”
COLABS, Pakistan’s only venture-backed flexible workspace, has raised $2 million in a pre-Series A funding round led by Shorooq Partners, with participation from Saudi-based Waad Investment. This latest investment brings COLABS’ total funding to over $5 million, allowing the company for strategic expansion into Saudi Arabia and the broader MENA region.
Since its inception, we have grown rapidly while increasing our revenue and growing our workspace capacity fivefold while achieving net profitability. The platform now boasts over 5,000 seats across 10 locations and a team of more than 300 employees.
COLABS has worked on building the startup ecosystem of Pakistan by partnering with over 250 ecosystem enablers, including Google Cloud, AWS, Redbull, and Spotify, while supporting hundreds of companies, including global corporations like EY, Endeavour, and Coca-Cola.
“Our success in Pakistan has proven the strength of our model in fostering innovation and supporting startups. Now, we’re excited to bring this blueprint to new markets, empowering entrepreneurs across the region and contributing to the dynamic growth of the MENA startup landscape.”
COLABS has launched initiatives such as Pitch to Win and the Freelancer Fellowship Program, further solidifying its role in the startup ecosystem. With our operations established and the company registration completed in Saudi Arabia, we are ready to replicate its successful model in new markets.
About COLABS
COLABS was founded in 2019 by Omar Shah, a former private equity & VC investor, and his twin brother Ali Shah, who operates a family-run real estate and construction firm, SABCON. COLABS is Pakistan’s fastest-growing flexible workspace, thoughtfully designed to enable people and businesses to grow. Through community and network, it aims to inspire collaboration, productivity, and innovation.
In less than five years, COLABS has emerged as Pakistan’s number one flexible workspace and community enablement platform, setting the standard for innovation and growth in the country’s tech and VC sectors.
COLABS has become a cornerstone for tech innovation and venture capital activity in Pakistan not only through physical spaces but also by building the Pakistani startup ecosystem and forming a community where ideas are exchanged and nurtured.COLABS is on a journey to redefine the future of work in Pakistan, and we are ready to expand our footprint into the MENA region.
