Top 50 Blockchain Startup Investors in Middle East (October 2023)

Portfolio highlights

• Brine.fi — The best onchain spot trading crypto exchange
• Florida Street — PIXEL GG INC.
• Maverick Protocol — Trade. Earn. Any Asset. Stop paying for price discovery. Enjoy higher capital efficiency.

Portfolio highlights

• 3Commas — 3Commas provides a platform for cryptocurrency investors to trade with minimal risks, limit losses, and increase profits. 3Commas was founded in 2017 and is based in Toronto, Ontario.
• Fuel Labs — At Fuel, we are building the fastest execution layer for the modular blockchain stack.
• Optim Finance — Optim Finance provides investment tools that optimize yield on digital assets. Their financial primitives enable users to rent ADA delegation rights to power novel use cases such as SPO loans, leverage into ISOs, and initial bonds.

Portfolio highlights

• Wisery Labs — GenAI for the defense industry
• SphereX — Experience unmatched decentralized security with SphereX, safeguarding your DeFi apps non-stop. Trust in our transparent, ML-based protection.
• Statement — Statement enables businesses a real-time view into their payment status and a true cash position across all banks, accounts, geographies, and currencies.

Portfolio highlights

• OnlyDust — OnlyDust is a contribute to the best StarkNet projects, and get paid in USDC or Tokens.
• SorareData — SorareData is the platform of choice for Sorare players. It features player metrics, market statistics, decision-making tools, side games, and much more to enrich every Sorare manager's experience.
• SphereX — Experience unmatched decentralized security with SphereX, safeguarding your DeFi apps non-stop. Trust in our transparent, ML-based protection.

Portfolio highlights

• Fhenix — End-to-End Encrypted Web3 Fhenix is the first blockchain powered by fully homomorphic encryption to bring Computation Over Encrypted Data to EVM smart contracts Join us Learn more A new, encrypted web is waiting for you Truly functional markets require end-to-end encryption. Fhenix rises to the challenge by unlocking unprecedented encryption capabilities in the public blockchain
• Tableland — A 3k generative NFT built from 1,074 handcrafted works of art for the builders and creatives of cyberspace.
• FastLane — FastLane is an easy to integrate protocol that rewards participating validators for protecting the health of the Polygon blockchain.

Portfolio highlights

• asvin.io — asvin provides IoT lifecycle management for Software Supply Chains. We comply UNECE W.P29, UNECE R156 and UNECE R155. Contact us!
• Cadeia — Cadeia provides a digital platform for the structuring, issuance and settlement of complex financial products. In addition to enhanced servicing functionalities and a rule-based cash-flow distribution solution, the platform offers reporting, compliance and analytics tools for issuers and investors.
• XVA Blockchain — XVA Blockchain offers B2B data reporting for brokerage, asset management, and custody.

Portfolio highlights

• OpenCover — Cover $5,000 from $1.14 per week on leading protocols including Curve, Uniswap, Aave and more. As seen on CoinDesk, Decrypt, The Block, Coin Telegraph.
• Gizmo — AI quizzes that help you learn and remember anything
• Stoke Space — STOKE Space Technologies seamlessly connecting earth and space.

Portfolio highlights

• Midient — We help restaurants collect, analyze, and act on their customer data to increase customer satisfaction and increase revenue.
• Growdash — Growdash is a business intelligence and analytics tool built specifically for restaurants to support profitable growth strategic decisions across online sales channels.
• Agel — Agel aim at reshaping the traditional financial services business model, operational model and customer experience to unlock a unique finance avenue for (“MSMEs”), with a core preposition of availing industry-agnostic merchandise credit limit for Merchants within Agel network in a manner that is Digital, Cashless and Sharia compliant, aligning withthe UN Global (“SDG”) goals, and Egypt’s 2030 plan towards financial inclusion and sustainability.our goals are: - Empowering MSMEs growth, - Accelerating Financial Inclusion, - Eradicating Informal Economy, - Raising Financial literacy

Portfolio highlights

• D3 — D3 - DNS Domains for Web3
• jiritsu.network — Jiritsu is a decentralized protocol enabling verifiable compute.
• Mythic Protocol — Mythic Protocol is an entertainment company that develops games, media and platforms.

Portfolio highlights

• Certora — Ensuring Smart Contract Security
• Cellwize — With Cellwize CHIME, our smart RAN automation and orchestration platform you can accelerate deployment of your 5G network with ease and face the future with confidence
• Cohere Technologies — Cohere is the innovator of Spectrum Multiplier software for Open Radio Access Networks and existing 4G and 5G mobile networks, and the developer of the Orthogonal Time Frequency Space (OTFS) 6G wireless system.

Portfolio highlights

• Antic — Antic’s scalable infrastructure is intended for any business seeking the addition of a co-ownership layer to their offerings. Its infrastructure freely enables businesses and individuals to do whatever they want with whatever they own - sell it, provide access to it, add additional co-owners to it and more.With original, seamless co-sharingfunctionalities like ad-hoc multi signature wallets and group decision making to retrieve assets, Antic’s new approach makes any digital asset or IP accessible to all parties interested in joining, unlocking new revenue streams for every co-owner.
• Curri — A single platform for your hotshot, scheduled, daily route, and freight deliveries.
• Unito — Connect the tools you're already using with deep 2-way integrations and optimize workflows for Asana, Jira, Trello, Google Sheets and more.

Portfolio highlights

• Antic — Antic’s scalable infrastructure is intended for any business seeking the addition of a co-ownership layer to their offerings. Its infrastructure freely enables businesses and individuals to do whatever they want with whatever they own - sell it, provide access to it, add additional co-owners to it and more.With original, seamless co-sharingfunctionalities like ad-hoc multi signature wallets and group decision making to retrieve assets, Antic’s new approach makes any digital asset or IP accessible to all parties interested in joining, unlocking new revenue streams for every co-owner.
• Antic — Antic develops a digital assets platform that builds foundations of a shared ownership economy by helping people collaborate, coordinate and earn together as a group, enabling users to own digital assets collectively and empower groups to purchase together what they could not alone, seamlessly.

Portfolio highlights

• Gensyn — The Gensyn protocol provides hyperscale, cost efficient, compute capacity for all deep learning workloads.
• Fair.xyz — Fair.xyz is a no-code platform that allows creators to launch end-to-end NFT collections; secure, accessible and fair.
• Tenderize — Mint validator specific liquid staked MATIC, GRT and LPT that can be swapped, collateralised or used in Defi.

Portfolio highlights

• FirstMate — FirstMate is a software company that designs and develops software tools for NFT creators.
• Rocket Pool — Your friendly decentralised Ethereum staking protocol
• Mountain Protocol — At Mountain Protocol, we believe that everyone deserves access to the "risk-free rate" through a secure, regulated, and enterprise-grade product that elevates the world finance industry. Our yield-bearing stablecoin, USDM, provides permissionless composability, regulatory compliance, and an enterprise-grade setup with a seamless userexperience. Backed by US Treasuries and custodied by Fidelity in a bankruptcy-remote setup.

Portfolio highlights

• Suplyd — Suplyd is a comprehensive digital solution that bridges the gap between restaurant operators and their suppliers in order to disrupt an untouched market with extreme fragmentation and resolve the problem end-to-end.
• Pylon — Pylon provides water and electricity distribution companies, in emerging markets, with a platform for managing their customers and infrastructure.
• Almentor — almentor.net is a cutting-edge continuous e-learning platform curating top-rated video-based training programs delivered by leading subject matter experts and accessible through B2C and B2B channels to serve the needs of Arabs across the world. The platform was officially launched in January 2018 and currently offers the biggest Arabic high qualitycontinuous learning video library in the world, including paid courses, free talks, crash courses and books, primarily in Arabic.

Portfolio highlights

• Elk — Elk is a development board for the blockchain and the decentralized web. It combines the simplicity of Arduino along with native support for decentralized networks. With only a few lines of code you can build IoT that interfaces with Ethereum, IPFS, Whisper, and more.
• Elkrem — Elkrem provides hardware and software tools for developers to build Blockchain connected IoT products. The software and hardware tools allows anyone with minimal technical background, to build internet connected products that accept cryptocurrencies and communicate with different blockchain and decentralized protocols including Bitcoin,Ethereum, Swarm, Whisper, IPFS, IOTA and others.

Portfolio highlights

• Layer N — Layer N is a layer 2 network designed to hyper-scale financial applications on Ethereum.
• GamePhilos — GamePhilos is to offer player digital ownership to mobile strategy games.
• Pixion Games — Pixion Games is a studio focused on building competitive esports games for mobile device.

Portfolio highlights

• InvestaX — InvestaX is a MAS licensed platform offering end-to-end solutions for the issuance, trading, and custody of digital securities.
• InvestaX — InvestaX is a financial services company that offers an online platform that focuses on digital securities and financial investment for real estate, private equity, and venture capital. Its platform specializes in real estate investment, finance, technology, private equity, digital securities, DSO, and blockchain.InvestaX was founded in 2015 andheadquartered in Singapore.
• InvestaX — InvestaX is an investment and trading platform for digital securities. InvestaX is a MAS licensed digital securities platform offering end-to-end solutions for the issuance, trading and custody of digital securities for private market assets.

Portfolio highlights

• Artiwise — Artiwise gathers all client feedback on a single platform by monitoring all customer communication channels. It makes decisions by using artificial intelligence to analyse client communication channels like call centre conversations, chatbot interviews, and surveys.
• Waves Platform — Waves technologies drive innovations of tomorrow and bring them closer to the people of today
• Veloxia Technology — Veloxia Technology was founded on a vision of becoming a unicorn in global consumer technologies. Veloxia’s mission is to design the self-marketing & industry-disrupting products by achieving excellence at product-market fitness and integrating behavioral economics into its products. As revolutionary products require revolutionary people,Veloxia will always aim at gathering the ones with strong capabilities, reliable values and the desire to embody our story.

Portfolio highlights

• GAM3S.GG — Your home of web3 gaming offering game discovery, reviews, guides, news & quests for a full experience.
• Delabs Games — At Delabs Games, we want to create fun games that last a thousand years.
• 0xBoost Finance — Unleash the Power of Multi-Chain Staking and Boost Your Assets. Stake. Earn. Grow. Empowering Crypto Investors Across Multiple Blockchains.

Portfolio highlights

• EasyCep — EasyCep, marketplace for refurbished electronics devices was founded in 2018 by Mehmet Akif Özdemir and İsmail Dinçer. Easycep makes it easier for consumers to sell their used electronic devices online. Also, it makes easier for consumers to find and buy professionally refurbished smartphones, tablets, computers and other some electronic devices aswell as 12 month warranty and at up to 70% of their original prices. With the prolongation of electronic products, EasyCep refurbishes them and offers them with a 12-month warranty.
• Passion Punch — Passion Punch develops mobile games boosted by notable art and effective story that will touch players' daily lives.
• Hiwell — Hiwell app is an online psychological counseling app that helps people without leaving their homes.

Portfolio highlights

• GEMS — GEMS is an Esports 3.0 aggregator Platform that combines the elements of GameFi, Esports, Metaverse and SocialFi (GEMS).
• Safeverse — Safeverse is a training, Learning, and Education to equip people for future jobs in the metaverse and real life.
• The Unfettered — The Unfettered is a blockchain PC game.

Portfolio highlights

• Magna — Token Vesting and DeFi investment management. Track your fundraise, execute your TGE, and manage your token unlocks in one compliant cap table platform.
• Onomy Protocol — Onomy is bridging Forex and Decentralized Finance through cross-chain liquidity aggregation and digital currencies.
• Trustless Media — A new kind of production hub where ideas people care about actually come to life.

Portfolio highlights

• Darrow — Top litigators partner with Darrow to access high-value, meritorious cases... and win.
• Astrix Security — Astrix is the first integration access management solution - helping organizations unleash the power of automation and app integrations while keeping their ever-expanding web of third-parties under control.
• Faye — Whole-trip travel insurance with your best interests at heart - Faye www.withfaye.com

Portfolio highlights

• Alpha Vault — Alpha Vault is a decentralized crypto investment platform
• Sync Savings — Rebuilding the infrastructure of cash savings
• Sidekick — Expertly-managed portfolios for the modern investor

Portfolio highlights

• Baleena — Say goodbye to microplastics in your laundry and hello to a cleaner planet. Protect what you love. Let your washing machine be a hero for our oceans, fish, and drinking water.
• ScorePlay — ScorePlay is an AI-powered media asset manager dedicated to sports. The MAM centralizes assets in a single media workspace, with AI-tagging. Distribute to athletes and sponsors automatically through app. Amplify your brand.
• The Grand World — The Grand is a group coaching platform to support individuals and companies in navigating transitions at the intersection of work and life.

Portfolio highlights

• Defimec — Defimec is an ecosystem of applications that includes deX, tokenization platforms, and DAO protocol.
• Sertifier — Sertifier is an all-in-one education data collection tool that makes smart certificates and open badges easy to issue, enjoyable to earn, and simple to analyze.
• Fitty — Fitty allows users to go to the gym of their choice and pay for the minutes they use.

Portfolio highlights

• Kirobo — Making Blockchain As Simple As Online Banking Solution Kirobo adds a logic layer into the blockchain that protects users from human error
• QEDIT — Augment your data tools with advanced encryption, by world leaders in zero-knowledge proofs, homomorphic encryption, multi-party computation

Portfolio highlights

• Antic — Antic develops a digital assets platform that builds foundations of a shared ownership economy by helping people collaborate, coordinate and earn together as a group, enabling users to own digital assets collectively and empower groups to purchase together what they could not alone, seamlessly.
• Yoz Labs — Save time, streamline your development, and reach users on their preferred channels
• Spexi Geospatial Inc. — An intuitive and collaborative platform for drone-based data

Portfolio highlights

• Vend Park — Unlock the true value of your parking asset with a fully digital parking access and revenue control system
• Wolf — Wolf is an enterprise SaaS solution for temporary staffing agencies to power their talent marketplaces and help them match their customers with the right talent within hours instead of days. Entrepreneurs and staffing companies can launch their own UpWork style talent marketplace within hours for any industry: from healthcare (similar to: Nomadhealth, Clipboard health, Intelycare etc.), hospitality (similar to: Pared, JitJatJo, Instawork) to light industrial to name a few. Features include: Branded Marketplace, Branded iOS/Android apps, Marketing tools, accounting tools, Billing, Invoicing, Timesheets management, native W2 payroll processing, AI hiring and scheduling and more.
• Finery Markets — Finery Markets is a peer-to-peer wholesale marketplace powered by proprietary matching engine for best liquidity & execution quality

Portfolio highlights

• Fhenix — End-to-End Encrypted Web3 Fhenix is the first blockchain powered by fully homomorphic encryption to bring Computation Over Encrypted Data to EVM smart contracts Join us Learn more A new, encrypted web is waiting for you Truly functional markets require end-to-end encryption. Fhenix rises to the challenge by unlocking unprecedented encryption capabilities in the public blockchain
• ether.fi — Truly decentralized staking. Keep your keys. Build the network.
• Odsy Network — Odsy solves the "Access Control Problem" for Web3 builders with the revolutionalry dWallet concept. By powering the most secure, robust and flexible infrastructure for decentralized access control - Web3 can finally be connected to the real world.

Portfolio highlights

• Duetti — Duetti acquires music catalogs from independent artists a-la-carte with transparent, data-driven deals. Fund your career and breathe new life into tracks with uniquely intelligent marketing. Partner with us one track at a time, or even just a percentage of one.
• Volumez — Volumez is SaaS composable data infrastructure. With Volumez, you can deploy applications in your cloud with precise control of IO characteristics using a fully declarative interface.
• Alive — Alive is building a globally leading decentralized artificial intelligence platform supported by a global community of developers, individuals, economists and technologists.The Alive Foundation is a steward, and will support and grow the Alive community until it becomes self-sufficient. Time51 Labs helped launch Alive, and currently serve asadvisors to the Foundation and operators.

Portfolio highlights

• Elk — Elk is a development board for the blockchain and the decentralized web. It combines the simplicity of Arduino along with native support for decentralized networks. With only a few lines of code you can build IoT that interfaces with Ethereum, IPFS, Whisper, and more.
• Elkrem — Elkrem provides hardware and software tools for developers to build Blockchain connected IoT products. The software and hardware tools allows anyone with minimal technical background, to build internet connected products that accept cryptocurrencies and communicate with different blockchain and decentralized protocols including Bitcoin,Ethereum, Swarm, Whisper, IPFS, IOTA and others.
• Shezlong — Talk to your therapist online privately anytime anywhere!

Portfolio highlights

• Akeyless Security — Akeyless Vault platform built to secure IT and DevOps resources, credentials, and access, on hybrid cloud and legacy environments.
• BioBetter — BioBetter is a foodtech company that develops plant-based platforms for the production of complex growth factors used in cultivated meat. The company was founded in 2015 and is headquartered in Israel.
• Chain Reaction — Chain Reaction is engineering the future of disruptive blockchain and privacy technologies by accelerating compute and mining hardware performance.

Portfolio highlights

• Elk — Elk is a development board for the blockchain and the decentralized web. It combines the simplicity of Arduino along with native support for decentralized networks. With only a few lines of code you can build IoT that interfaces with Ethereum, IPFS, Whisper, and more.
• Elkrem — Elkrem provides hardware and software tools for developers to build Blockchain connected IoT products. The software and hardware tools allows anyone with minimal technical background, to build internet connected products that accept cryptocurrencies and communicate with different blockchain and decentralized protocols including Bitcoin,Ethereum, Swarm, Whisper, IPFS, IOTA and others.

Portfolio highlights

• Notarize — Notarize is the leader in online notarization, which is simpler, smarter and safer than notarizing documents on paper.
• Hyper — Our Augmented Reality platform enables every business to serve their customers on a one-to-one basis, with guidance and information to supercharge their experience.
• Paragon — Our embedded integration platform (eiPaaS) is the easiest way to integrate your product with third-party SaaS apps, providing your customers with an embedded, native integration experience.

Portfolio highlights

• Matter. — We are an innovation company pioneering technology solutions for capturing, harvesting and recycling microplastics.
• Hugging Face — Hugging Face is an open-source & platform provider of machine learning technologies. Hugging Face was launched in 2016 and is headquartered in New York.
• Conductive.ai — Conductive.ai is an engagement platform for game developers to motivate players to increase player lifetime value.

Portfolio highlights

• Yaysay — Yaysay is a first-of-its-kind shopping software that mixes AI-powered customization with gamification to enhance the off-price shopping experience.
• Olympix — Olympix is a pioneering DevSecOps tool that puts security in the hands of the developer by proactively securing code from day one.
• Async — Free up your calendar with voice messages you can read, share and respond to whenever you want.

Portfolio highlights

• Idio — Creating digital experiences that transform your company takes data-driven decisions, continued experimentation and constant invention.
• WeaveDB LTD — WeaveDB is Firestore on Smart Contract bringing web2 UX to web3 dapps both for users and developers.

Portfolio highlights

• KFOBIX — KFOBIX offers nano-composite materials to prevent freezing and contamination of solar panels, wind turbines, and automobile glass.
• DRONEQUBE — DRONEQUBE provides an innovative SaaS solution that empowers drones to monitor and defend vineyard health autonomously, addressing pressing concerns brought about by the climate crisis and increasing labor challenges.
• Our Next Energy — ONE is a Michigan-born energy storage company focused on battery technologies that will accelerate the adoption of EVs and expand energy storage solutions.

Portfolio highlights

• Undeads Metaverse — Play, earn crypto & mint NFTs while exploring the post-apocalyptic metaverse. Feature-rich gameplay never seen in Web3 space before. Join the Undeads Metaverse!

Portfolio highlights

• ELYT — ELYT creates a real value for NFTs
• EasyCep — EasyCep, marketplace for refurbished electronics devices was founded in 2018 by Mehmet Akif Özdemir and İsmail Dinçer. Easycep makes it easier for consumers to sell their used electronic devices online. Also, it makes easier for consumers to find and buy professionally refurbished smartphones, tablets, computers and other some electronic devices aswell as 12 month warranty and at up to 70% of their original prices. With the prolongation of electronic products, EasyCep refurbishes them and offers them with a 12-month warranty.
• ikas — Start selling online with the new generation e-commerce platform ikas. Increase your sales and experience international commerce.

Portfolio highlights

• Odsy Network — Odsy solves the "Access Control Problem" for Web3 builders with the revolutionalry dWallet concept. By powering the most secure, robust and flexible infrastructure for decentralized access control - Web3 can finally be connected to the real world.

Portfolio highlights

• GigaStar — GigaStar brings YouTube Creators & Fans together as partners. Fans invest in YouTube Creators and Creators get funding while building an army of promoters.
• EDX Markets — Edx description website
• Finery Markets — Finery Markets is a peer-to-peer wholesale marketplace powered by proprietary matching engine for best liquidity & execution quality

Portfolio highlights

• IronMill — IronMill is a Web3 infrastructure provider that focuses on offering customized integration solutions to program developers.
• Coinflow Labs — Coinflow is a payment solution that allows Web3 companies to accept traditional payment methods and payout their customers by converting cryptocurrency to USD in their traditional bank account.
• Franklin — Hybrid cash & crypto payroll

Portfolio highlights

• Yup — Yup is a crypto-backed social media platform.
• WeaveDB LTD — WeaveDB is Firestore on Smart Contract bringing web2 UX to web3 dapps both for users and developers.
• WalletConnect — WalletConnect is the open source web3 standard to connect blockchain wallets to dapps.

Portfolio highlights

• Animaj — Explore the future of storytelling where AI meets creativity at Animaj Lab. Join us on a journey to revolutionize kids' entertainment, crafting captivating content that keeps the digital-first generation engaged and inspired.
• autone — Autone is a SaaS operational platform enabling retail & CPG businesses to make optimal decisions easily and quickly
• Omada — Get in on the action with Omada, the ultimate and insanely fun Sports Prediction Community.

Portfolio highlights

• Eywa — Founded in 2021, EYWA helps Web3 projects scale up by enabling them to operate, get listed, and traded on all connected blockchain networks with a single liquidity pool. Additionally, EYWA provides a truly decentralized data protocol for secure messaging.In partnership with Curve Finance, one of the largest decentralized exchanges, EYWA isintroducing a new paradigm of non-algorithmic cross-chain assets aimed at solving the problem of liquidity fragmentation. Their cross-chain protocol stands out as the most decentralized solution in the market.- Received 6 grants from biggest L1/L2 blockchain networks including NEAR Foundation, Aurora, Harmony One, Algorand, Boba Network, and others - Winning hackathons: Ethglobal Marketmake, Polygon’s BUIDL IT hackathon, Metis hackathon
• Azuro — Azuro is a global decentralized betting protocol, utilizing smart-contracts to bring full transparency to the betting process and to deliver a classic betting experience with plentiful markets & liquidity and funky innovations like collectible bets and gamification via NFTs
• StableBattle — StableBattle is a real-time mass PvP tournament game with a prize pool generated from DeFi yields

Portfolio highlights

• Lyvely — Lyvely is a social networking and content monetization platform that provides an integrated multimedia e-commerce and payments solution.
• zkLink — zkLink is a unified middleware layer connecting L1 chains and L2 networks with zk-SNARKs technology, reshaping the crypto landscape for DeFi, NFT, and RWA trading.
• Dspace — DSpace is a Web3 social protocol powered by AIGC, LBS, AR, and blockchain technologies, providing users with innovative Gamefi-integrated social interactions, bridging the gap between Web3 and physical reality.

Portfolio highlights

• Cat Paradise — Cat Paradise is a Web3 game developer for digital cat pet development that is based on the TONNE Web3 game.
• Interface Labs — Mobile companion for your Ethereum journey.
• The Open Network — A decentralized and open internet, created by the community using a technology designed by Telegram.