YOUGotAGift, a digital gift card marketplace, raised $3 million from Tenami Capital, a newly established revenue-based investment platform.
The investment will be used to fund YOUGotAGift’s expansion in Saudi Arabia and the wider Middle East region. Furthermore, Tenami Capital’s revenue-based investment provides investors with a structured exit and ensures that returns are not linked to volatile valuations or interest rates but underlying revenue growth.
“We are delighted to announce our investment partnership with YOUGotAGift, a regional champion that ticked all the right boxes: sizeable and growing revenues, strong unit economics, a fully-funded business plan, and a track record of efficient capital use. We are excited to introduce our equitable revenue-based investment structure to the Middle East and look forward to supporting more high-quality entrepreneurs and businesses in our region,” Zohaib Patel, Managing Partner, Tenami Capital, said.
Tenami Capital’s anchor investors include the firm’s managing partners, Gulf-based family offices, entrepreneurs from the VC ecosystem, and regional high-net-worth individuals.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.