YFLG Advises Tech Startup Waves in Successful Closing of an Investment Round

 

In the fast-paced world of tech entrepreneurship, securing strategic investors can often be the catalyst for transformative growth and success. Such was the case for Waves, a dynamic Kuwaiti-based start-up, which recently enlisted the expertise of YFLG to navigate a pivotal investment deal.

Waves is a Kuwaiti startup company which operates an application for boat rental and other ancillary services. Founded in 2021, Waves has quickly emerged as a trailblazer in the tech landscape, with a regional presence and a vision to redefine entertainment industry norms. Central to Waves’ expansion plans was the pursuit of capital infusion to fuel its ambitious expansion plans.

As lead counsel, our corporate team led by Nadyn Saleh, Head of Commercial and Abdulkareem Al-Gharabally, Senior Associate acted on behalf of Waves in relation to the offers to acquire a minority stake by BNK Capital and Aujan Group – both major Kuwaiti holding companies. Our legal experts advised the client on capital market strategies and share subscriptions. Drawing on our expertise in corporate law and our deep understanding of the tech ecosystem, we crafted a strategy that aligned with Waves’ goals and aspirations.

The entry of two key investors not only injects crucial capital into Waves’ operations but also validates the company’s innovative vision and potential within the industry. This strategic move will enable Waves to achieve accelerated growth by expanding to Dubai and solidifying their presence in Kuwait, Saudi Arabia, and Qatar, propelling them to new heights of achievement. Our team ensured a seamless transition guiding Waves through the intricacies of the acquisition process.

Today, Waves stands as a shining example of tech innovation and entrepreneurial resilience in the region. Their significant growth trajectory is a testament to the power of vision, coupled with strategic partnerships and robust legal support.

At YFLG, we remain steadfast in our dedication to fueling the aspirations of start-ups across the region and beyond.

 

YFLG Advises Tech Startup Waves in Successful Closing of an Investment Round   In the fast-paced world of tech entrepreneurship, securing strategic investors can often be the catalyst for transformative growth and success. Such was the case for Waves, a dynamic Kuwaiti-based start-up, which recently enlisted the expertise of YFLG to navigate a pivotal investment […]