The UAE’s neighbourhood app, Hayi, has successfully raised $325,000 in its latest funding round. The seed round was led by Sarya Holdings and Falak Startups, with the participation of key angel investors.
Founded in 2020, by Chris Darnell and Rene Morgan, Hayi is a hyperlocal social network that digitises UAE neighbourhoods by connecting all neighbours, local businesses, and community managers to create stronger and more connected communities.
The startup also plans on using its recent investment to accelerate its growth across the country before looking to make strategic entrances into various new markets with the goal of becoming the largest hyperlocal social network in the MENA region. Rene Morgan, COO, added that “The fundraising round will really help us develop the product further for all end-users and create an exclusive space for them to connect, without irrelevant noise from outside their community.”
