3 ways to identify potential investors

Fundraising is a major pain point for most entrepreneurs in the region. And while warm introductions are always preferable to cold calling, there is a way to make the later work and employ other means of fundraising. Following are three such tips by MAGNiTT:

1. Identify the most active investors in the directory

Do your due diligence and research investors in the region who are actively investing in your field. MAGNiTT’s investor directory is a good place to start. Some of the active investors include Dash Ventures, DTEC Ventures, Jasoor Ventures, RAED Ventures, and Wa’ed Ventures.

2. Send angel investors a direct message

It is best to have a warm approach to angel investors. Ask them for advice, a coffee or lunch date to gain insights into the market. Once you’ve shortlisted angel investors who are right for your startup, send them a direct message through LinkedIn, email or MAGNiTT’s website.

3. Apply directly for funding

There are funds set up by the government that are looking to invest in startups. Keep a tab on the funds, the new ones being set up, the focus of the funds, investment periods and application processes.

Read more about it here.