Ask Capiva QALegalTech / AI · SAFE note · UAE · direct investment · first invested Jan 2025
Qadi AI
ActiveInvested$200kat cost · 1 ticket
Current mark$200kworkbook · 8 Sep 2025
MOIC1.00xon paper
Ownership2.4%implied by the workbook mark
Next round—none recorded
IRR0.0%workbook, per ticket dates
Thesis vs. reality · what we underwrote at entry, measured against now
What must be trueEach claim is what the company said would be true, checked against the filed accounts and later updates. A claim with no second source stays on watch.
No entry thesis on fileNo Incubayt investment memo for Qadi AI is in the data room, so there is nothing to measure against. Not recorded
Latest founder update
No founder update for Qadi AI is in the data room.
Watch & flags
What to keep an eye on
NoteQadi AI: $420,000 of advisory shares is counted as invested cost
ActionQadi AI: $50,000 of the $200,000 SAFE is still to be paid
Our position
PositionIncubayt's tickets and marks come from the IRR workbook; the legal entity from the company's cap table or registers.
InstrumentsSAFE note $200k (Jan 2025)
Company valuation$8.40mm · workbook
BoardNot recorded
Legal entityNot recorded