Sheikh Mohammed bin Khalid investment arm backs COFE Tech

KSH Investments, the financial arm of Sheikh Mohammed bin Khalid Al Nahyan’s Private Department, has made an investment in COFE Tech, an Abu Dhabi-based enterprise technology company. The investment strengthens COFE Tech’s investor base ahead of a planned public listing. The transaction was completed earlier this year, though the exact amount and percentage ownership were not disclosed.

This follows COFE Tech’s pre-IPO funding round, which valued the company at $178 million on September 1. KSH Investments participated in the investment alongside Phoenix Venture Partners Innovation Fund CEIC Limited, a venture capital fund manager based in the Abu Dhabi Global Market. COFE Tech, previously known as COFE APP, provides AI-enabled procurement and commerce technology to businesses across the Gulf.

The company’s platforms serve over 1,000 enterprise clients operating around 3,000 outlets across the UAE, Saudi Arabia, and Kuwait. Its customers include Emirates, Etihad Airways, and Al-Futtaim Group, among others in sectors such as hospitality, retail, food and beverage, and corporate services. Dr Ahmed Mansour, chief executive of KSH Investments, expressed confidence in the company’s technology and growth prospects.

COFE Tech founder and CEO Ali Al-Ebrahim welcomed the investment, aligning it with the UAE’s economic diversification goals. The investment coincides with COFE Tech’s development of Agentic Procurement and Agentic Commerce businesses, which use AI-driven technology to automate procurement and commerce processes. The company intends to continue expanding its enterprise services while maintaining its direct-to-consumer e-commerce operations.