# Top 40 Crowdfunding Startup Investors in Middle East in October 2023

## DASH Ventures
- Type: VC Fund
- Location: Amman, Amman, Jordan
- Relevant deals: 5
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, Financial Services, FinTech

DASH Ventures is a Venture Capital firm operating at the forefront of MENA’s rapidly transforming economic landscape.

## Silicon Badia
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Software, SaaS, Information Technology

Silicon Badia is a venture capital firm providing networks and support to leading technology entrepreneurs around the world.

## Bank al Etihad
- Type: VC Fund
- Location: Amman, Amman, Jordan
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: FinTech, Finance, Crowdfunding

Bank al Etihad, previously known as Union Bank, is a Jordan-based financial and banking services institution, established in 1978 as a public shareholding company, with a paid up capital of JDs 110,000,000 and a capital base in excess of JOD 235 million and a capital adequacy ratio of 16.91%.Bank al Etihad operates a growing network of 37branches and is expected to reach 38 branches by end of 2014 in addition to 52 ATMs, a central exchange unit, in addition to one branch in Ramallah - Palestine. Bank al Etihad also fully owns a brokerage firm “Etihad Brokerage” which was established in (2006).

## FMO
- Type: VC Fund
- Location: The Hague, Zuid-Holland, The Netherlands
- Relevant deals: 2
- Stages: Debt Financing, Series B
- Focus: Financial Services, Finance, FinTech

FMO is a financial investment firm that specializes in financing businesses and projects FMO invests across the agribusiness value chain to enhance food security, support sustainability and promoting inclusive development.

## Samih Toukan
- Type: Angel
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Social Media, Mobile, Financial Services

In the year 2000 Samih founded and became the CEO of Maktoob.com the world’s first Arabic email and largest Arab Online community. In 2005 Samih cofounded Souq.com, the Arab Worlds largest ecommerce site. In 2009 Maktoob was acquired by Yahoo! and in 2017 Souq.com was acquired by Amazon in the largest technology acquisition deals in the history ofthe region.Samih is currently the Chairman of Jabbar Internet Group (Jabbar.com). Jabbar today is one of the leading investors in Internet and technology companies in the region.

## Vivium Capital
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: B2B, SaaS, FinTech

Vivium Capital is a private family office.

## Combined Growth Real Estate
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed
- Focus: FinTech, Real Estate, Residential

Combined Growth Real Estate is a real estate investment company.

## Jamal Fayoumi
- Type: Angel
- Relevant deals: 1
- Stages: Angel
- Focus: Marketing, Crowdfunding, Financial Services

Jamal Fayoumi

## Yahya Acun
- Type: Angel
- Relevant deals: 1
- Stages: Angel
- Focus: Marketing, Crowdfunding, Financial Services

Yahya Acun

## Edgo VC
- Type: VC Fund
- Location: Amman, Amman, Jordan
- Relevant deals: 1
- Stages: Series A
- Focus: FinTech, Finance, Computer

Edgo VC is the venture capital arm of Edgo, under which the group’s direct and indirect venture capital activities are consolidated. Edgo VC takes an opportunistic approach to venture capital investing and is sector, stage, and region agnostic.

## SAT Capital
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A
- Focus: FinTech, Finance, Crowdfunding

A investment firm.

## Middle East Venture Partners (MEVP)
- Type: VC Fund
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: E-Commerce, Software, SaaS

MEVP is a Middle East-focused venture capital firm that invests in the early and growth stages of innovative tech companies run by talented entrepreneurs in the Middle East with a focus on the GCC and Levant countries. With a team of 20 VC professionals across offices in Dubai, Beirut, Bahrain, Abu Dhabi, and Riyadh, MEVP manages 5 regional funds with more than USD 260 million in Assets Under Management. MEVP is the largest and most established VC firm in the region, with clear cross border investment appetite.

## Lama Holding
- Type: VC Fund
- Location: Riyadh, Ar Riyad, Saudi Arabia
- Relevant deals: 1
- Stages: Seed
- Focus: FinTech, Real Estate, Residential

Lama Holding is a private investment company.

## Ertan Aksu
- Type: Angel
- Relevant deals: 1
- Stages: Angel
- Focus: Marketing, Crowdfunding, Financial Services

Ertan Aksu

## Proparco
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Debt Financing, Series B
- Focus: Financial Services, Finance, Energy

Proparco is devoted to private sector funding in the sustainable development sector.

## Triple Jump
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Series B, Debt Financing
- Focus: Energy, Finance, Power Grid

Triple Jump is an investment manager that focuses on small and medium enterprises, agricultural finance, microfinance, and housing. It also provides meaningful and responsible investment opportunities in developing countries. They improve access to appropriate financial services for entrepreneurs at the bottom of the pyramid. In addition, The aimof this fund is to build clean infrastructure and ensure affordable and sustainable utility services(such as electricity, heat or clean water) for households, SMEs and communities. Triple Jump was founded in 2006 and is headquartered in Amsterdam, Netherlands.

## Alpine Meridian
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, SaaS, Financial Services

Alpine Meridian is an advisory and investment firm with extensive experience in Internet, digital media, healthcare and e-commerce

## Atakan Atalar
- Type: Angel
- Location: Izmir, Izmir, Turkey
- Relevant deals: 1
- Stages: Angel, Pre-Seed
- Focus: Financial Services, Venture Capital, SaaS

Atakan Atalar is the Founder of Atanova Ventures. He previously worked at RemoteTeam.com (acquired by Gusto) as an Investor. Atakan Atalar attended Istanbul Kultur University.

## Robert Citron
- Type: Angel
- Relevant deals: 1
- Stages: Series A
- Focus: FinTech, Crowdfunding, Venture Capital

Robbie Citron brings to OurCrowd over 25 years of experience in financial management, including over a decade of working with start-ups through his role as Partner and CFO of Jerusalem Global Ventures, a leading Israeli venture capital fund. He also serves as consulting CFO for several independent Israeli biotech and medical start-ups, mostrecently with Izun Pharmaceuticals and Molecular Detection, Inc. Earlier in his career, Robbie was Financial Controller and Company Secretary of the Israeli branch of Hanson PLC and worked as a public accountant with PricewaterhouseCoopers in Israel and BDO Stoy Hayward in London. He is a Certified Public Accountant in Israel and a Fellow of the Institute of Chartered Accounts in England & Wales. Robbie received an honors degree in accounting and finance from the London School of Economics and Political Science and sets aside part of his spare time to work with several Jerusalem-based charitable institutions.

## Verve Ventures
- Type: VC Fund
- Location: Zug, Zug, Switzerland
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Health Care, Software, Biotechnology

Verve Ventures has invested in more than 140 science and technology startups. We support visionary and resilient entrepreneurs from day one and are a reliable partner for the entire journey. We typically invest EUR 1-3m in early as well as later stage rounds of European high tech startups.

## Kültepe Investment
- Type: VC Fund
- Location: Kayseri, Kayseri, Turkey
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Software, E-Commerce, SaaS

Kültepe Investment was established by 20 investors within the Erban Angel Investor Network to improve the investment climate of Central Anatolia and to make Kayseri a unique and unique center of attraction for entrepreneurs and entrepreneurs.

## Wamda Capital
- Type: VC Fund
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, Internet, Financial Services

Wamda Capital is the MENA region's leading venture capital firm investing in exceptional entrepreneurs building the region's most promising high growth technology businesses. We invest both at the growth and seed stages with the aim of taking portfolio companies through successive rounds of financing through to exit.

## Cairo Angels
- Type: VC Fund
- Location: Cairo, Al Qahirah, Egypt
- Relevant deals: 1
- Stages: Seed, Angel, Pre-Seed
- Focus: E-Commerce, Mobile, Marketplace

Cairo Angels is an angel investment network that invests in and supports early-stage startups it convenes regular investment meetings to review pre-selected potential investees.

## MVI (MENA Venture Investments)
- Type: VC Fund
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: E-Commerce, Internet, Software

Mena Venture Investments (MVI) is an angel fund that invests in early stage startups with strong growth potential in the Middle East and North Africa (MENA) Region and beyond. We work with entrepreneurs to build solid, scalable businesses and ensure access to capital at early stages of a venture to fuel their growth. Beyond financial investment,MVI offers support through mentorship, access to markets, networks, and clients, as well as cross-border operational support.

## Saudi Aramco Entrepreneurship Ventures
- Type: VC Fund
- Location: Dhahran, Ash Sharqiyah, Saudi Arabia
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Information Technology, Software, Intelligent Systems

Wa’ed Ventures is the venture capital arm of Saudi Aramco Entrepreneurship Center (Wa’ed), established by Saudi Aramco with the vision of igniting the spirit of entrepreneurship in the Kingdom of Saudi Arabia. Wa’ed has deployed a suite of programs over the years to assist entrepreneurs in establishing, enhancing, or expanding their ventures. Theseprograms comprise development and financial support including business incubation, coaching and training to guide and nurture entrepreneurs along different business stages, seed funding, non-collateral loans, venture capital (equity/debt) investment, and business development. These programs support the development of small- and medium-sized enterprises (SMEs) capable of localizing industries and diversifying the Kingdom’s economy. Wa’ed also collaborates and engages with key players in order to create an effective entrepreneurship ecosystem.Wa’ed aspires to provide leadership in promoting entrepreneurship to support economic growth, diversification, and social development in Saudi Arabia, in alignment with the Kingdom’s strategic thrust into moving towards a knowledge-based economy. The organization aims to turn innovative ideas into successful projects, create and support sustainable SMEs, and develop entrepreneurs into successful business owners.Wa’ed Ventures aims to fuel the growth of high potential companies, thereby promoting economic development in Saudi Arabia with job creation for Saudi nationals, technological improvement, knowledge transfer, economic diversification, and economic growth within the Kingdom. The firm focuses on seed, early, and growth-stage businesses across a diverse range of sectors including information and communication technology (ICT), energy, manufacturing, healthcare, and services – from mobile application platforms and technologies to industrial equipment manufacturing to advanced software solutions.

## Mishaal Alireza
- Type: Angel
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Apps, Retail, FinTech

Mishaal Alireza - Board Member @ DokkanAfkar

## Saudi Venture Capital Company
- Type: VC Fund
- Location: Riyadh, Ar Riyad, Saudi Arabia
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: E-Commerce, Predictive Analytics, Software

SVC has backed 31 VC and PE Funds and 5 Angel Groups that supported 525 Startups and SMEs via $1.6 Billion AUM    
INVESTMENTS  
1.

## Rafi Gidron
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Angel, Series B
- Focus: Artificial Intelligence, Cyber Security, Analytics

Rafi Gidron is the Chairman and Co-Founder of Xperiti. He attended Columbia University.

## Gate Inside Ventures
- Type: VC Fund
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Gaming, Sports, Charity

Founded by successful entrepreneurs to help new comers. Gate Inside developed a new model of startup funding. Twice a year they invest a small amount of money. The startups move to their incubation center for 3 months. Founders get required help from mentors and other entrepreneurs like themselves in a unique working environment.

## Sawari Ventures
- Type: VC Fund
- Location: Cairo, Al Qahirah, Egypt
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Financial Services, E-Commerce, Software

The Middle East/North Africa is the next great investment opportunity. The Middle East has a collective population larger than the US, the vast majority of whom are ‘digital natives‘ (e.g.; under 30) with great appetites for consumer technology products and services. The region boasts higher per capita GDP and more disposable income than Indiaor China. In short, the Middle East is one of the technology sector’s high-growth regions, and offers tremendous potential for expansion in mobile, internet, social media and eCommerce services.Like the BRIC’s and other emerging markets, local partners are key to success. Sawari Ventures is at home in the Middle East, and knows its culture, context and business climate. They have experience and relationships working with technology and investment leaders world-wide. They know how to translate local visionaries into global hits.

## United Overseas Bank
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Post-IPO Debt, Debt Financing
- Focus: Real Estate, Finance, Financial Services

United Overseas Bank ("UOB") was incorporated on 6 August 1935 as the United Chinese Bank. Founded by Datuk Wee Kheng Chiang, the Bank catered mainly to the Fujian community in its early years. The change of name was effected in 1965. Over the past 78 years, UOB has grown from strength to strength. Through a series of acquisitions, it isnow a leading bank in Asia. Besides Far Eastern Bank in Singapore, UOB’s major banking subsidiaries in the region are United Overseas Bank (Malaysia), United Overseas Bank (Thai), PT Bank UOB Indonesia and United Overseas Bank (China). Today, the UOB Group has a network of more than 500 offices in 19 countries and territories in Asia Pacific, Western Europe and North America.United Overseas Bank Limited (UOB) is committed to providing quality products and excellent customer service. Founded in 1935, UOB has a well-established regional presence, particularly in Asia where they have banking subsidiaries in Singapore, Malaysia, Indonesia, Thailand and China.

## Triodos Bank NV
- Type: VC Fund
- Location: Utrecht, Utrecht, The Netherlands
- Relevant deals: 1
- Focus: CleanTech, Manufacturing, Sustainability

We make money work for positive change. We are more than a bank. We are a community.

## Oqal
- Type: VC Fund
- Location: Riyadh, Ar Riyad, Saudi Arabia
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: E-Commerce, Information Technology, Marketplace

A group of young entrepreneurs to connect young people with ideas.

## Jordan Kuwait Bank
- Type: VC Fund
- Location: Amman, Amman, Jordan
- Relevant deals: 1
- Stages: Debt Financing
- Focus: FinTech, Finance, Crowdfunding

Jordan Kuwait Bank is a Jordanian public shareholding company, offers employees in public & private sector loans to cover personal needs.

## BY Venture Partners
- Type: VC Fund
- Location: St. Helier, NA - Jersey, Jersey
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: FinTech, Real Estate, Residential

B&Y Venture Partners is a MENA based Venture Capital firm that invests globally at both seed and growth stage. We invest in visionary and high-impact founders aiming to create new markets or transform existing ones.

## Capital Bank Group
- Type: VC Fund
- Location: Amman, Amman, Jordan
- Relevant deals: 1

Capital Bank of Jordan they are specialized in serving corporate, SME, and high-end retail customers, combining the service range of commercial and investment banking.

## N2V
- Type: VC Fund
- Location: Riyadh, Ar Riyad, Saudi Arabia
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Marketplace, Real Estate, Crowdfunding

N2V - National Net Ventures, is one of the largest Internet holding groups in Arabia, focused on value creation through building and investing in Arabic consumer web & mobile ventures (e-commerce, digital publishing, social media, Games, mobile apps, web forums, and user generated content), with over 200 employees spread in offices arounddifferent Arab countries and the USA.N2V also continually launches innovative and exciting initiatives focused on fostering digital entrepreneurship in Arabia.A few of their current initiatives include: connecting entrepreneurs together, educating and maturing the market, promoting an Arabic digital ecosystem, and promoting Digital Arabia regionally and globallyN2V is a member of National Technology Group (NTG), the region's largest ICT conglomerate and key provider of financial information and solutions for streaming real-time stock market feeds.

## Nezih Sipahioğlu
- Type: Angel
- Location: Istanbul, Istanbul, Turkey
- Relevant deals: 1
- Stages: Seed, Angel
- Focus: Marketing, E-Learning, Crowdfunding

Nezih Sipahioğlu

## STV
- Type: VC Fund
- Location: Riyadh, Ar Riyad, Saudi Arabia
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: E-Commerce, Predictive Analytics, Financial Services

STV is a $500M technology venture capital fund headquartered in Riyadh, Saudi Arabia

## Steven Blumgart
- Type: Angel
- Relevant deals: 1
- Stages: Series A
- Focus: FinTech, Crowdfunding, Venture Capital

Steven Blumgart is an investor in, and board member of, a number of privately-held businesses. Until January 2012, Mr. Blumgart was Co-director of the aluminum division at Glencore International plc, one of the largest commodity trading firms in the world, valued at $40bn. Mr. Blumgart joined Swiss based Glencore in October 1998, where he served inthe coal commodity department, responsible for its industrial assets, before moving to the aluminum division. Prior to joining Glencore, Mr. Blumgart worked for three years at Grant Thornton in Johannesburg. Mr. Blumgart completed his Bachelor of Commerce (Tax Honours) degree from the University of Witwatersrand, and is a South African Chartered Accountant. In addition, Mr. Blumgart holds the Chartered Financial Analyst (CFA) designation.

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