# Top 50 FinTech VC (Venture Capital) Funds in Middle East in October 2023 ## VentureSouq - Type: VC Fund - Location: Dubai, Dubai, United Arab Emirates - Relevant deals: 16 - Stages: Seed, Series A, Series B - Focus: FinTech, Financial Services, Software VentureSouq operates a large co-investment platform with a global investment portfolio. ## Global Ventures - Type: VC Fund - Location: Dubai, Dubai, United Arab Emirates - Relevant deals: 16 - Stages: Series A, Seed, Series B - Focus: Health Care, FinTech, Financial Services We back global-minded, growth-stage and technology-focused founders in emerging markets and the world. ## Wamda Capital - Type: VC Fund - Location: Dubai, Dubai, United Arab Emirates - Relevant deals: 16 - 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. ## Shorooq Partners - Type: VC Fund - Location: Abu Dhabi, Abu Dhabi, United Arab Emirates - Relevant deals: 15 - Stages: Seed, Series A, Pre-Seed - Focus: Financial Services, E-Commerce, FinTech Shorooq Partners is the leading tech investor in the region, inspired by the best entrepreneurs, investors and practices from around the world. ## Impact46 - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 14 - Stages: Seed, Series A - Focus: E-Commerce, Financial Services, Predictive Analytics [et_pb_section fb_built="1" admin_label="Section" module_class="topmainsection" ## Raed Ventures - Type: VC Fund - Location: Dammam, Ash Sharqiyah, Saudi Arabia - Relevant deals: 14 - Stages: Seed, Series A, Pre-Seed - Focus: E-Commerce, Software, Financial Services We partner with exceptional founders building breakthrough companies and creating scalable impact in MENA region ## BECO Capital - Type: VC Fund - Location: Dubai, Dubai, United Arab Emirates - Relevant deals: 13 - Stages: Seed, Series A, Series B - Focus: E-Commerce, Financial Services, Information Technology BECO Capital provides growth capital and hands-on operational support for early-stage technology companies. It is a technology-focused venture capital that supports entrepreneurs and financial sectors to raise funds.The company helps small companies with growth capital and hands-on operational mentorship in their early stage of development. Itwas founded in 2012 and is based in Dubai, United Arab Emirates.BECO Capital was founded on February 1, 2014, by Dany Farha and Amir Farha, and it is headquartered in Dubai. ## Global Founders Capital - Type: VC Fund - Location: Berlin, Berlin, Germany - Relevant deals: 13 - Stages: Seed, Series A, Pre-Seed - Focus: Financial Services, Software, FinTech Over the past two decades, GFC have backed over five hundred entrepreneurs worldwide, e.g. Facebook, LinkedIn, Slack, and Away Travel. ## Middle East Venture Partners (MEVP) - Type: VC Fund - Location: Dubai, Dubai, United Arab Emirates - Relevant deals: 13 - 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. ## Vision Ventures - Type: VC Fund - Location: Dammam, Ash Sharqiyah, Saudi Arabia - Relevant deals: 11 - Stages: Seed, Series A - Focus: E-Commerce, Software, Information Technology Vision Ventures (VV) is an early stage venture capital firm founded by experienced entrepreneurs. Its slogan is:"By Entrepreneurs for Entrepreneurs". We invest in innovative startups in the Seed and Series A across a wide range of verticals. We help startups realize their dreams and make a difference in a noisy world. We are an energeticteam that has a wealth of experience in starting companies and steering them to success and hyper growth. Our combined experience spans over 90 years in multiple countries which gives us extensive experience in multi-national, multi-cultural teams. We provide startups with hands on assistance and guidance on marketing, sales, product/service development, financial planning and management, expansion & growth strategy, and more. ## Moneta VC - Type: VC Fund - Location: Ramat Gan, Tel Aviv, Israel - Relevant deals: 10 - Stages: Series A, Seed, Series B - Focus: Financial Services, FinTech, Software Moneta is a venture capital firm that invests in Data Science Technology startups and operates 2 parallel funds: Seed and Growth. Moneta specializes in Fintech, Insuretech and Financial-related AI and is supporing its ventures across all stages of their capital development. Moneta is backed by world leading financial institutions in USA, Africa andAsia. ## HALA Ventures - Type: VC Fund - Location: Khobar, Ash Sharqiyah, Saudi Arabia - Relevant deals: 9 - Stages: Seed, Series A, Pre-Seed - Focus: FinTech, Software, Predictive Analytics Technology VC that empowers GCC’s startups in their early-growth stages. ## Flat6Labs - Type: VC Fund - Location: Gîza, Al Jizah, Egypt - Relevant deals: 9 - Stages: Seed, Pre-Seed - Focus: Software, E-Commerce, Apps Flat6Labs is the MENA region’s leading seed and early stage venture capital firm, currently running the most renowned startup programs in the region. Annually, Flat6Labs invests in more than 100 innovative and technology-driven startups enabling thousands of passionate entrepreneurs to achieve their daring ambitions and ultimately becoming theirinstitutional co-founders. Flat6Labs manages a number of seed funds with a total AUM in excess of $85M. More than 25 leading institutions have invested into the Flat6Labs managed funds; believing in the asset class and Flat6Labs’ proven track record as the market leader.. Flat6Labs provides a wide range of investment ticket sizes ranging from $50K to $500k, supporting startups through their early journeys from Pre-Seed all the way to Pre-Series A stages. Alongside to the investments, Flat6Labs’ exceptional startup programs, executed to cater specifically for the needs of the innovative entrepreneurs, helps them accelerate their growth by providing them with a plethora of support services and connecting them to unparalleled opportunities with an expansive network comprising hundreds of business mentors, investors and corporates. Launched and headquartered in Cairo since 2011, Flat6Labs has multiple offices across the region; with ongoing plans to expand into other emerging markets. ## Phoenician VC - Type: VC Fund - Location: Beirut, Beyrouth, Lebanon - Relevant deals: 8 - Stages: Seed, Series A - Focus: Financial Services, Software, FinTech Founded in 2015, Phoenician Funds is at the heart of thriving capitals of digital innovation and startup ecosystems in the Middle East and North Africa ... ## Class 5 Global - Type: VC Fund - Location: San Francisco, California, United States - Relevant deals: 8 - Stages: Seed, Pre-Seed, Series A - Focus: FinTech, Financial Services, Finance Class 5 Global is a venture fund investing in the next generation of emerging market entrepreneurs. ## Arzan Venture Capital - Type: VC Fund - Location: Kuwait, Al Kuwayt, Kuwait - Relevant deals: 8 - Stages: Seed, Series A, Series B - Focus: Software, E-Commerce, SaaS Arzan Venture Capital (Arzan VC) is a Kuwait-born VC firm that has been investing in startups with a MENA angle since 2014, making it one of the earliest VC firms in the region. Arzan VC's portfolio includes 30+ startups. The firm invests in young, fast-growing and innovative tech teams and it remains committed to building long-lastingrelationships with the region’s most talented entrepreneurs at an early stage. ## Aleph - Type: VC Fund - Location: Tel Aviv, Tel Aviv, Israel - Relevant deals: 8 - Stages: Seed, Series A, Series B - Focus: Software, SaaS, Analytics Aleph is an early stage venture capital fund focused on partnering with great Israeli entrepreneurs to build large, meaningful companies and impactful global brands. Founded in 2013, Aleph is a partnership of Michael Eisenberg, Eden Shochat, Yael Elad and Tomer Diari with $850M under management. Aleph has invested in over 50 companies (not allannounced) including Lemonade, Melio, Healthy.io, SparkBeyond, JoyTunes, Fabric, Freightos and Bringg. Aleph is redefining the kind of support entrepreneurs and the local high tech community can expect from a venture capital firm. We aim to service the hell out of our entrepreneurs with high-touch, partner-level service. We built a startup within our firm - Ampliphy, the Aleph Value Generation Platform - to meet the greatest startup challenges like talent recruitment, business development and follow-on funding - at scale. Ampliphy leverages our people, network, software and resources to help companies succeed on the global stage.The team at Aleph are committed to supporting startups and the entire Israeli tech ecosystem as they harness the power of new technologies to develop and grow transformational companies. ## Revo Capital - Type: VC Fund - Location: Amsterdam, Noord-Holland, The Netherlands - Relevant deals: 8 - Stages: Seed, Series A - Focus: Software, Financial Services, Information Technology Operational venture capital firm that invests across Turkey, Eastern Europe & Baltics in seed to Series B rounds. ## Entrée Capital - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 8 - Stages: Seed, Series A, Series B - Focus: Software, Financial Services, FinTech We're a team of former serial founders managing over $1B across a number of funds, with offices in Tel Aviv, London, and New York. ## Mad'a Investment Company - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 7 - Stages: Seed, Pre-Seed - Focus: FinTech, Financial Services, E-Commerce Mad’a Investment Company is a Private Equity firm headquartered in Riyadh, Saudi Arabia and a wholly owned subsidiary of Abdul Aziz Al Othaim & Sons Holding Company (ASO&SONS). We aim to assist businesses to reach their true potential by unlocking values which otherwise could not have been realized. We strive to create exceptional value tobusinesses through our team of investment and operating professionals working collaboratively with the management of our portfolio companies. We, as a Saudi Company, are committed to contributing to the Kingdom of Saudi Arabia and our Investment Strategy is aligned with the Vision 2030. ## Finberg - Type: VC Fund - Location: Istanbul, Istanbul, Turkey - Relevant deals: 7 - Stages: Seed, Corporate Round - Focus: FinTech, Financial Services, Information Technology Finberg is a corporate venture capital firm and a Fibabanka subsidiary. On March 1, 2018, the company was established. ## Vertex Ventures Israel - Type: VC Fund - Location: Tel Aviv, Tel Aviv, Israel - Relevant deals: 7 - Stages: Series B, Series A, Series C - Focus: Software, Information Technology, Artificial Intelligence We partner early with global-minded entrepreneurs seeking to disrupt large markets ## Collective Spark - Type: VC Fund - Location: Istanbul, Istanbul, Turkey - Relevant deals: 7 - Stages: Seed, Series A, Pre-Seed - Focus: Software, E-Commerce, SaaS Collective Spark is a venture capital fund focusing on early-stage technology ventures. They aims to back and elevate highly driven hustlers and hackers who want to build scalable, disruptive businesses. They consider ourselves partners for the long term, and define Collective Spark as an Operational VC where ventures get access to top specializedtalent and hands-on shared resources in distinct areas critical to their success. ## A15 - Type: VC Fund - Location: Cairo, Al Qahirah, Egypt - Relevant deals: 7 - Stages: Seed, Pre-Seed - Focus: E-Commerce, Financial Services, Marketplace A15 is an entrepreneurial company that invests in digital products and technology brands. They aspire to empower the human race to overcome its limits and expand its capabilities by creating real products for real people. They help them scale by providing them with investment, the support of our ecosystem, and act as their launchpad for expansion.It was founded in 1996 and is headquartered in Cairo, Egypt. ## Sawari Ventures - Type: VC Fund - Location: Cairo, Al Qahirah, Egypt - Relevant deals: 6 - 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. ## APY Ventures - Type: VC Fund - Location: Istanbul, Istanbul, Turkey - Relevant deals: 6 - Stages: Seed, Pre-Seed - Focus: Software, Artificial Intelligence, FinTech APY Ventures is a venture capital firm focused on early-stage technology startups. ## Viola Ventures - Type: VC Fund - Location: Herzliya, Tel Aviv, Israel - Relevant deals: 6 - Stages: Series B, Series A, Series C - Focus: Software, FinTech, Information Technology Viola Ventures is a venture capital firm that invests in Israeli or Israeli-related early-stage techology companies, in key market segments including FinTech, Consumer, Enterprise Infrastructure & Applications, Frontier & Deep Technologies (automotive, IOT, AR/VR, drones), Robotics and AgTech. ## 4DX Ventures - Type: VC Fund - Location: Brooklyn, New York, United States - Relevant deals: 6 - Stages: Seed, Series A, Pre-Seed - Focus: FinTech, Information Technology, Financial Services 4DX Ventures is a Pan-Africa Focused Venture Capital Firm. Our mission is to connect people, ideas, and capital to create a vibrant African community. ## Viola Credit - Type: VC Fund - Location: Herzliya, Tel Aviv, Israel - Relevant deals: 6 - Stages: Debt Financing, Series B, Series A - Focus: Software, FinTech, Financial Services Viola Credit is a global alternative credit investment manager, provides cutting-edge, flexible, and tailored credit solutions for global technology companies to support growth through two main credit offerings: Venture Lending & Fintech Lending. Since 2000, Viola Credit has successfully deployed over $1B in various businesses across multiplestages and geographies. Viola Credit is part of the Viola Group, Israel’s leading technology-focused investment group with over $3.0 billion of assets under management. ## Dtec Ventures - Type: VC Fund - Location: Dubai, Dubai, United Arab Emirates - Relevant deals: 5 - Stages: Seed, Series A, Pre-Seed - Focus: E-Commerce, Marketplace, Apps Dtec Ventures is the venture capital unit of Dubai Silicon Oasis Authority and an integral part of the Dtec ecosystem. We invest in early-stage technology businesses in the MENA region with a nucleus in Dubai, that are disrupting or enabling traditional industries. ## Dubai International Financial Centre (DIFC) - Type: VC Fund - Location: Dubai, Dubai, United Arab Emirates - Relevant deals: 5 - Stages: Series A, Seed, Series B - Focus: Financial Services, FinTech, Information Technology Consistently recognised as the leading financial centre in the Middle East, Africa and South Asia region. Find out more about what makes Dubai International Financial Centre (DIFC) number one and how we continue to shape the financial landscape of the region, from Dubai to the world. ## 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. ## coinIX - Type: VC Fund - Location: Hamburg, Hamburg, Germany - Relevant deals: 5 - Stages: Seed, Pre-Seed - Focus: Blockchain, Cryptocurrency, Information Technology CoinIX manages a portfolio of cryptocurrencies and assets. The investment focus for venture investments is Europe and with a strong focus on companies using distributed ledger technologies. ## Jabbar Internet Group - Type: VC Fund - Location: Dubai, Dubai, United Arab Emirates - Relevant deals: 5 - Stages: Seed, Series A, Pre-Seed - Focus: E-Commerce, Retail, Information Technology The exit of Souq to Amazon is the largest tech transaction of the region, and Souq continues to pave the way in e-commerce in the region. Souq was built from the ground up by the same team at Jabbar, who built the Maktoob portal before that. Maktoob was born out of a simple idea but with a vision that the Arabic Internet will grow and become anintegral part of everybody's life, and grew to become the largest Arabic Internet property before Yahoo acquired it.Both the Souq and Maktoob stories have become inspiring success stories in the region, where budding entrepreneurs and VC's alike, look to our team for inspiration and new ideas.Today Jabbar continues to grow and pave the way for tech in the region. It is in this spirit that we embrace any entrepreneur who is willing to innovate and take risks in order to create something great. Jabbar nurtures such individuals and supports nascent ideas that are in line with its mission. So join our journey :-) ## Jerusalem Venture Partners (JVP) - Type: VC Fund - Location: Jerusalem, Yerushalayim, Israel - Relevant deals: 5 - Stages: Series A, Series B, Seed - Focus: Software, Cyber Security, Enterprise Software Investment strategy is spearheaded by a deep expertise in identifying companies from inception and building global industry leaders. ## MSA Capital - Type: VC Fund - Location: Beijing, Beijing, China - Relevant deals: 5 - Stages: Series A, Seed, Series B - Focus: E-Commerce, Financial Services, Biotechnology MSA Capital is a global venture capital and private equity firm that invests in technology-enabled companies from seed to growth stage. The firm manages capital from the world's top sovereign wealth funds, international asset managers, pension funds, university endowments, fund of funds, and family offices, as well as China's leading neweconomy entrepreneurs. ## Silicon Badia - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 5 - 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. ## Khwarizmi Ventures - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 5 - Stages: Seed, Series A, Pre-Seed - Focus: E-Commerce, Software, FinTech Khwarizmi Ventures is a venture capital firm that seeks investments in startups with a passion for algorithms. It seeks to help create their vision, as they embark on a journey together that aligns their goals to improve quality of life using technology powered by algorithms.Ever since its launch in 2018, it has seed funded startups, assistedfounders, and scaled up several companies. ## STV - Type: VC Fund - Location: Riyadh, Ar Riyad, Saudi Arabia - Relevant deals: 5 - 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 ## F2 Capital - Type: VC Fund - Location: Tel Aviv, Tel Aviv, Israel - Relevant deals: 5 - Stages: Seed, Series A, Series B - Focus: Software, Information Technology, Artificial Intelligence F2 Capital is a specialized seed stage venture capital fund backing Israeli founders at the junction of big data, artificial intelligence and connectivity. ## StartersHub - Type: VC Fund - Location: Istanbul, Istanbul, Turkey - Relevant deals: 5 - Stages: Seed, Pre-Seed, Convertible Note - Focus: Software, Artificial Intelligence, Information Technology We are StartersHub. We are here for people who want to grow their start-up and find their angel investors. Find your venture capital now! ## Legziel Family - Type: VC Fund - Location: Herzliya, Tel Aviv, Israel - Relevant deals: 5 - Stages: Pre-Seed, Seed - Focus: Software, Artificial Intelligence, Information Technology Legziel Famliy ## Poalim Equity - Type: VC Fund - Location: Tel Aviv, Tel Aviv, Israel - Relevant deals: 5 - Stages: Post-IPO Equity, Series B - Focus: Software, Financial Services, Manufacturing Poalim Capital Markets Ltd. is a boutique investment banking firm that offers financial advisory services. The firm provides mergers and acquisitions, corporate divestiture, corporate recapitalizations and restructurings, leveraged buyouts, valuations and fairness opinions, private placements, and initial public offerings advisory services.Additionally, it offers feasibility study, private placement memorandum and investor presentation preparation, client road-show organization, and term sheet negotiation and closing services. The firm caters to corporations, institutional investors, and high net-worth individuals. It has strategic alliances with William Blair & Company, YES BANK, and Poalim Asia Direct. The firm was founded in 1990 and is based in Tel Aviv, Israel. Poalim Capital Markets Ltd. operates as a subsidiary of Bank Hapoalim B.M. ## OurCrowd - Type: VC Fund - Location: Jerusalem, Yerushalayim, Israel - Relevant deals: 5 - Stages: Series B, Series A, Seed - Focus: Software, Artificial Intelligence, Health Care Access exclusive VC angel investment deals in pre-vetted startup companies. Join now. ## Disruptech Ventures - Type: VC Fund - Location: Cairo, Al Qahirah, Egypt - Relevant deals: 5 - Stages: Pre-Seed, Seed, Series A - Focus: Financial Services, E-Commerce, Payments Disruptech specializes in financial technology start-up investments. ## Phoenix Insurance Company - Type: VC Fund - Location: Givat Hayim, HaMerkaz, Israel - Relevant deals: 5 - Stages: Series C, Post-IPO Equity, Seed - Focus: Health Care, FinTech, Biotechnology The Phoenix Holdings Ltd. offers pension, provident fund, and life insurance products; and health line insurance products for medical treatment, surgery, transplants, and pharmaceuticals. ## Idacapital - Type: VC Fund - Location: Istanbul, Istanbul, Turkey - Relevant deals: 4 - Stages: Seed, Pre-Seed - Focus: Logistics, E-Commerce, Apps idacapital Innovation Fund is the first Impact Fund in Turkey investing across technology-enabled business verticals in Health Tech, Financial Inclusion, Edu Tech, Clean Tech, Agro Tech in and around Turkey. ## Hanaco Venture Capital - Type: VC Fund - Location: Tel Aviv, Tel Aviv, Israel - Relevant deals: 4 - Stages: Series A, Seed, Series C - Focus: Software, Financial Services, FinTech Hanaco Ventures backs early-stage technology companies with visionary and passionate entrepreneurs. Hanaco was founded by Alon Lifshitz, Lior Prosor, and Pasha Romanovski in 2017 and is headquartered in Tel Aviv, Israel. ## Meron Capital - Type: VC Fund - Location: Tel Aviv, Tel Aviv, Israel - Relevant deals: 4 - Stages: Series A, Seed, Series B - Focus: Software, Information Technology, Artificial Intelligence Meron Capital identifies early stage startups and supports them with capital, strategic expertise and network. ## 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). # About Shizune Shizune.co is an investor database. Core features: - 48,091 startup investors (angels, VCs, accelerators, and others) - Email, phone, LinkedIn (for intros), socials, and other contact data - Updated daily from public funding news - CSV and Excel export The User can access the full database FOR FREE after signing up: shizune.co