COLABS, a startup based in Lahore that provides flexible workplaces for SMEs, entrepreneurs, and freelancers, has raised $3 million in an early round of funding.
COLABS will use the new funding to extend its presence in key areas across Pakistan, with the goal of “knitting together a community of 100,000 entrepreneurs and freelancers across the country, starting with 10,000 members within the next two years.”
Indus Valley Capital, Zayn Capital, and Fatima Gobi Ventures led the investment, according to the company.
“This is the first time these three significant Pakistan-focused VCs have invested in a business together,” the company claims.
The round was also attended by Shorooq Partners, Kinnow Capital, Muir Capital, Sai Ventures, and a number of well-known angel investors, including Turner Novak, William Hockey, and Teddy Himler.