Colabs is a Lahore-based startup that has raised $3 million in a seed round led by Indus Valley Capital, Zayn Capital, and Fatima Gobi Ventures. This is the first time these three leading Pakistan-focused VCs are investing together in a startup. Colabs had previously raised $1 million in a pre-seed round. The round was also joined by Shorooq Partners, Kinnow Capital, Muir Capital, Sai Ventures, and a few angel investors including Turner Novak, William Hockey, and Teddy Himler. Colabs will use the new funding to continue building its team and expanding its operations. This is an exciting development for the Pakistani startup ecosystem, and we look forward to seeing Colabs grow and succeed.
Founded in 2019 by twin brothers Omar and Ali Shah, Colabs has quickly become an important player in the local startup ecosystem with offerings like business incorporation, educational bootcamps, and back-office solutions, including talent sourcing and management, payroll management, and legal and tax compliance. The startup had started with one of the largest coworking spaces in the country and has continued to grow its offerings to meet the needs of its members. Colabs is dedicated to helping its members succeed, and its all-in-one platform enables businesses of all sizes to thrive.
Colabs has hosted over 250 startup events, attracting 200,000 visitors to its facility. Colabs plans to use the new funding to fuel its expansion across Pakistan – starting with co-working spaces in Karachi and Islamabad. It aims to have a community of over 10,000 members in the next two years. In addition to expanding its physical footprint, Colabs also plans to continue to support Pakistan’s startup ecosystem through different initiatives. The first of such initiatives is Cogrow, an online platform that would aggregate and list startups, investment firms, and tech jobs.