Dubai - Play:Date, a homegrown interactive mobile application, that helps parents build their child’s social circle, has secured an investment partnership with Modus Capital, a hybrid venture capital firm, headquartered in New York. This boost of funding will support Play:Date in their journey to further grow the app, by primarily increasing its presence in the Middle East, followed by international expansion plans. Modus Capital will actively assist Play:Date, by not only investing in them, but also aiding in tech support, management, investor relations, and overall leadership support to become globally competitive. Shamim Kassibawi, Founder & CEO of Play:Date, said, “The opportunity to work with Modus Capital poses exciting expansion opportunities for Play:Date. We decided to work with them as they are not your typical venture capitalist’s that are solely focused on investing, instead they actively assist entrepreneurs by supporting with strategies and high-growth prospects. Additionally, we required a firm that had presence not only in the region but also in the US, as it is currently our biggest market outside the UAE.” Kareem Elsirafy, Managing Partner, Modus Capital, said, “We're ecstatic to add Play:Date to the Modus Capital portfolio, and support them in their next stage of growth and international expansion. They are tackling a major connectivity and discovery pain-point for early parents that we see a major demand for in both MENA and US markets, and they're doing so in the most innovative ways. Play:Date as a female founded and predominantly employed company, a cornerstone of Shamim's startup culture-building, was also a major decisive factor in our decision to invest. We're keen to support socially impactful companies and Play:Date fit the criteria on multiple levels.” Play:Date allows parents to engage with each other based on the interests and personalities of their children, further expanding a parent’s network within the community. Moreover, giving back to the community is a key component of Play:Date’s mission, therefore there is a strong focus on providing families with discount deals, product seeding and complimentary events. The app features various vouchers and offers, exclusive to Play:Date members, giving brands access to a direct channel to connect with their customer base for continued exposure and brand recognition. The app also hosts regular playdate tours at various play areas, and virtually during Covid-19. After three years of development and successful market testing in the UAE and the USA, Play:Date is available for download on iOS and Android. -Ends- About Play:Date Play:Date is a social application that helps build your little ones’ social circle. The platform helps to connect like-minded parents with similar aged children in your neighbourhood and across the globe, along with amazing rewards and offers. For media enquiries, please contact Momina Chaudhry Spread Communications email@example.com Send us your press releases to firstname.lastname@example.org © Press Release 2020 Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release. The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk. To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.