Capital, ownership and control for MENA founders.
Understand what your next round changes.
A financing round changes your ownership, the decisions you can make, and what you receive when the company is sold. Its terms also shape the next round.
MENADD helps founders compare financing proposals, model dilution across successive rounds, understand investor rights with counsel, and prepare alternatives if the capital plan changes. For cross-border companies, we also examine the structure the financing needs to work through.
Start with the decision in front of you: a term sheet, a new convertible instrument, a bridge, or the next priced round.
When to work with MENADD
You have financing terms to evaluate
Compare the proposed terms, model their financial consequences and prepare the issues you want to negotiate before signing.
See the work
You need to see beyond this round
Model existing instruments, new investment and option pools together. See how ownership, control and exit distributions change through later financings.
See the work
The capital plan has changed
Compare additional funding, bridge and down-round scenarios, including the dilution, consent requirements and implications for the next financing.
See the work
Checks you can run before a conversation
Library Sections
Ownership & Cap Table
Vesting, ESOP, phantom equity, dilution, down rounds. Who owns what, and what that ownership survives.
Control & Governance
Board seats, veto rights, reserved matters. Ownership percentages are not control.
Structure & Jurisdiction
ADGM, DIFC, mainland, cross-border holdcos. A clean structure is not the same as a fundable structure.
Cash & Finance
Cash reporting, runway, backlog, working capital. Where the cash is, and who finances the gap.
The MENA Process
How a raise actually works in the region. The trust process, family offices, timelines.
Why "built from the diligence backwards"
A standard diligence process starts from the investor and works into the company. This library runs the same route in reverse: it starts from the questions diligence will ask and works back to how the company should have been built.
The same logic applies to the structure itself. It should be designed from the capital stack backwards. Before the first entity is opened. Not after the first term sheet.
The material comes from operating experience, not theory. A decade inside venture-backed companies, on the founder and CFO side of the table, in the UAE and across borders.
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New material goes to this list before it appears in the library. No fixed schedule.