Syrian super app Labby has raised $10 million from a group of investors based in the UAE and Saudi Arabia, marking what Syrian officials say is the country’s first direct foreign investment in a homegrown technology startup. The milestone signals growing confidence in Syria’s emerging startup ecosystem and highlights increasing regional interest in locally developed digital businesses.

Founded in 2024 by Mohammad Fawaz, Labby is building an all-in-one digital platform that combines everyday services into a single mobile application. Users can access ride-hailing, food delivery, e-commerce, digital payments, and other on-demand services without switching between multiple apps, offering a more convenient digital experience.

The fresh investment will help Labby accelerate the development of its platform, expand its portfolio of digital services, enhance its technology infrastructure, and scale operations across Syria. The company also plans to invest in hiring new talent and driving product innovation as it continues to grow.

The funding represents more than just a major step for Labby. It is also an encouraging signal for Syria’s wider technology sector, demonstrating that regional investors are increasingly willing to support promising startups despite the market’s early stage. Industry observers believe the deal could open the door for more international investment and help stimulate the next phase of growth for Syria’s entrepreneurial ecosystem.