ADQ Leads Investor Round in HR Company Bayzat
Posted on 12/23/2022
Dubai-based Bayzat is a human resources technology startup. Bayzat was formed in 2013 by Brian Habibi, Talal Bayaa, and Tarek Bayaa. Bayzat raised a US$ 25 million Series C round led by DisruptAD. Abu Dhabi Developmental Holding Company PJSC (ADQ) launched DisruptAD in 2021 as its venture platform.
This is bringing the total amount raised by the startup to date to over US$ 60 million. Currently, Bayzat serves over 127,000 employees in more than 1,500 companies in the GCC.
Bayzat also has backing from other investors including Mubadala Capital (Mubadala Investment Company) and Point72 Ventures, the venture unit of Steven Cohen’s Point72 Asset Management, L.P.
CORRECTION, January 11, 2023: The Grosvenor family office and Hugh Grosvenor have no connection with Ischyros New York.