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Qatar’s Rasmal And Deniz Ventures Back TeamSec With $7.6M Investment

Funding for the AI-powered securitization platform will help scale operations and fuel expansion across the wider MENA region.

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qatar's rasmal and deniz ventures back teamsec with $7.6 million investment

Qatar’s Rasmal Ventures and Deniz Ventures — the venture capital arm of DenizBank under Emirates NBD Group — have jointly invested $7.6 million in TeamSec, the world’s first AI-driven securitization platform. TeamSec operates on a “Securitization-as-a-Service” model, using AI and data analytics to make financial markets more efficient and transparent.

The significant investment will fuel TeamSec’s expansion across the MENA region, helping to scale operations, while diversifying the company’s offerings and enhancing existing services.

Esad Erkam Köroğlu, TeamSec’s CEO and founder, sees the cash injection as a key enabler for the company’s growth: “The investment we received from ENBD and Rasmal Ventures demonstrates the trust placed in TeamSec’s vision and technological prowess by these renowned institutions. With this investment, we endeavor to strengthen our position as a global game-changer in the field of securitization”.

Meanwhile, Alexander Wiedmer, Co-Managing Partner at Rasmal Ventures, emphasized the transformative potential of TeamSec’s technology: “TeamSec’s bold vision to revolutionize the securitization industry across the Middle East and beyond resonates strongly with us. Their mission-driven, execution-focused team exemplifies the kind of ambition and innovation we are excited to support”.

Also Read: Skyloov Shakes Up UAE Real Estate Sector With Record Growth

Finally, Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, added: “Our strategic investment in TeamSec, a fintech innovator specializing in Securitization-as-a-Service, underscores our commitment to shaping this market and enabling its growth. We are the first investor in TeamSec, supporting the founder and team in their growth journey at an early stage”.

The backing of TeamSec by Emirates NBD and Deniz Ventures builds on previous investments in startups such as Erguvan and NewBridge Fintech Solutions and reinforces their commitment to driving digital transformation and reshaping financial markets with cutting-edge technology.

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AltoVolo Opens Orders For Limited Edition Sigma eVTOLs

Early buyers can now reserve build slots for AltoVolo’s 500-mile hybrid aircraft through a new online configurator.

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altovolo opens orders for limited edition sigma evtols
AltoVolo

AltoVolo has started taking pre-orders for its first electric vertical take-off and landing aircraft, the Sigma, moving the startup closer to commercial rollout. Customers can now secure a build slot with a £860 deposit and customize every detail online — from paintwork to seatbelt stitching. It’s the first configurator of its kind for a civilian eVTOL, mirroring how luxury car brands let clients tailor performance models before production.

The Sigma runs on a hybrid-electric tilting jet system built for long range and low noise. It can travel up to 500 miles at a 220-mph cruise, and is over 80% quieter than a helicopter. The three-seater weighs just 980kg and can maintain stable flight even if one jet fails. Safety systems include triple-redundant controls, thrust-vectoring stability and a ballistic parachute.

“We will be delivering an ultra-refined hybrid electric aircraft,” said founder and CEO Will Wood. “We believe there are thousands of customers for this type of cutting-edge technology”.

The first 100 units will come with exclusive materials and finishes. AltoVolo is also setting up a global service and maintenance network, with early planning for overhaul schedules already underway. The company’s focus on ownership experience echoes its ambition to anchor itself alongside established aviation brands rather than pure tech ventures.

To help new owners train, the company has built a full-scale simulator that replicates the Sigma cockpit in carbon fiber and leather. Pilots can log time toward a license using the system, aligned with the new US MOSAIC rules that ease certification for powered-lift aircraft. Certification work in Europe and the UK continues in parallel, signaling growing international alignment around light sport and eVTOL regulation.

Also Read: Snapchat Opens Qatar Office To Deepen Gulf Presence

Noise inside the cabin has become another design focus. Engineers are refining internal vibration levels and developing a responsive soundscape that shifts with each jet’s power load — part feedback, part theatre.

Urban air mobility projects across the Gulf and elsewhere are pushing regulators and manufacturers to meet in the middle. Dubai, Riyadh and Doha have each outlined plans for air taxi corridors this decade. AltoVolo’s hybrid Sigma, sitting between electric promise and aviation realism, looks built for that middle ground.

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