# Top 50 Retail Startup Investors in Pakistan in May 2026

## Indus Valley Capital
- Type: VC Fund
- Location: Karachi, Sindh, Pakistan
- Relevant deals: 4
- Stages: Seed, Series A, Pre-Seed
- Focus: Retail, Fitness, Marketplace

Indus Valley Capital is an early stage venture capital fund investing in Pakistani startups. We help founders build Pakistan's future.

## Alter Global
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: E-Commerce, Marketplace, B2B

Alter Global is a venture capital firm investing in early-stage startups within emerging markets such as Southeast Asia, Latin America, the Middle East and Africa. Since 2015, we’ve partnered with more than 40 exceptional ventures across 18 countries. We believe in the theory of individual change, supporting high-character founders who are buildingnot only their companies, but their communities and countries as well. We match our founders with talent, expertise, and investments from around the world.We're on a mission to create an unprecedented global network of the world's best tech founders - #ventureboldly and join us.

## Century Oak Capital
- Type: VC Fund
- Location: Vaduz, Vaduz, Liechtenstein
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Retail, E-Commerce, Software

Century Oak Capital GmbH is a venture capital firm specializing in early-stage investments in Europe and Emerging Markets.

## Fatima Gobi Ventures
- Type: VC Fund
- Location: Lahore, Punjab, Pakistan
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, E-Commerce

We focus on technology-enabled businesses that address current pain points in Pakistan’s booming market. From travel and logistics to FinTech and TaqwaTech, our startups are disrupting the industry and changing the way Pakistanis live.

## Next Billion Ventures
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, FinTech, E-Commerce

A venture capital partnership for emerging markets.

## Global Founders Capital
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 2
- 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.

## Golden Gate Ventures
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: FinTech, E-Commerce, Financial Services

Golden Gate Ventures is a venture capital firm investing across Southeast Asia. Since 2011, the firm has launched four funds, managed US$250M AUM, and invested in 60+ companies in over 7 countries in Asia. The firm focuses on investing in technology companies driven by the rising consumer class in Southeast Asia.

## Pioneer Fund
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Health Care, E-Commerce

300+ YC alumni investing in the top YC startups

## U.S. Venture Partners
- Type: VC Fund
- Location: Menlo Park, California, United States
- Relevant deals: 2
- Stages: Series B, Series C, Series A
- Focus: Software, Health Care, Information Technology

U.S. Venture Partners (USVP) is a venture capital partnership, helping entrepreneurs transform their ideas and efforts into world-changing companies. The firm focuses on early-stage ventures in information technology and health care, where innovation is unbridled and has led to the creation of economic wealth and millions of jobs over the pastthirty-plus years of the firm's existence. Areas of particular interest to our investment professionals include enterprise software, IT security, consumer internet, mobile, and e-commerce, healthcare, and IT-enabled healthcare services. The USVP team consists of former entrepreneurs, technologists, corporate executives, financial professionals, and industry domain experts.

## Hi2 Global Venture Fund
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Financial Services, E-Commerce, FinTech

Haitou Global is a global asset allocation platform providing asset management, investment banking, digital technology product, and services. Haitou Global manages a Registered Investment Advisor and a Broker-dealer in the U.S., with headquarters in New York and Beijing and operations in San Francisco, Hangzhou, Hong Kong, Singapore, and Jakarta.

## GoingVC Partners
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, B2B, Logistics

GoingVC Partners leverages its partnership with GoingVC's flagship program to access a vast, global network of both young and experienced investors to source, track, diligence, invest in, and support early-stage startups – not just in the epicenters of technology and innovation – but around the world. In this way, GVC Partners acts as acatalyst to help launch both the businesses we invest in, as well as the VC careers of many of the members of GoingVC. And, vitally, as our network of these new founders and investors expands, these beginnings we are able to facilitate are amplified.

## VentureSouq
- Type: VC Fund
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: FinTech, Financial Services, Software

VentureSouq operates a large co-investment platform with a global investment portfolio.

## Edgebrook Partners
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Marketplace, E-Commerce, Wholesale

Edgebrook Partners is a microcap PE fund with a focus on B2B software. Fund owns stakes in 9 companies and is closed to new investors.

## Astir Ventures
- Type: VC Fund
- Location: South Plainfield, New Jersey, United States
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Series A
- Focus: E-Commerce, Video, Fashion

Astir Ventures is a leading investment firm, seeking out the best and most exciting investment opportunities. We are looking for the best entrepreneurial and business ideas to fund, mentor, and bring to market. Astir Ventures can provide you with the necessary funding and support, so your idea goes from business proposal to practice. Astir Ventureshas a rich history of finding excellent business opportunities; nurturing, guiding, and funding them for success.

## Shorooq Partners
- Type: VC Fund
- Location: Abu Dhabi, Abu Dhabi, United Arab Emirates
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, E-Commerce, FinTech

Shorooq Partnersis the leading tech investor in the region, inspired by the best entrepreneurs, investors and practices from around the world.

## Sarmayacar
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Health Care, Information Technology, E-Commerce

Pakistan's largest Venture capital fund dedicated to the technology sector as it looks to build scalable, market-transforming and consumer technology

## Zayn Venture Capital (Formally Zayn Capital)
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, E-Commerce, FinTech

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## Wavemaker Partners
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, E-Commerce, Information Technology

Wavemaker Group is a cross-border venture capital firm founded in 2003 and one of the most active early-stage investors across multiple funds.

## Antler
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, Information Technology, SaaS

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

## Andy Preikschat
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Marketplace, Information Technology, E-Commerce

Andy Preikschat is CEO of Don's RV, a top-20 RV dealer in California. He is CIO of Edgebrook Partners, which has 9 B2B software investments, and is an Angel Investor. He has degrees from Stanford University and Claremont McKenna College.

## Ryan Petersen
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, Information Technology, Financial Services

Ryan Petersen is the CEO and Founder of Flexport. Prior to starting Flexport to fix the user experience in global trade, Ryan was co-founder and CEO of ImportGenius.com, a data-as-a-service business for global shipping. He holds a degree in economics from the University of California, Berkeley and an MBA from Columbia University.

## Matt Caspari
- Type: Angel
- Location: Palo Alto, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Food and Beverage, Software, Information Technology

Managing Partner at Strawberry Creek Ventures, an Alumni Ventures fund. AngelList syndicate lead. 2x venture-backed founder/CEO. Former Innovation @ Nike

## Christopher Rust
- Type: Angel
- Location: San Francisco Bay Area, California, United States
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Software, Enterprise Software, Information Technology

Christopher Rust is the Co-Founder and Partner at Clear Ventures.

## Jenny Lee
- Type: Angel
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: Software, Information Technology, E-Learning

Jenny Lee joined GGV Capital back in 2005 as a managing partner and was instrumental in setting up the GGV presence in China.

## Reflect Ventures
- Type: VC Fund
- Location: Menlo Park, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Information Technology, Logistics, E-Commerce

Reflect Ventures makes venture capital investments in high-potential startups at the seed and series A/B+ stages. We identify extraordinary founders, companies and opportunities around the world, including in emerging and frontier markets. Our LPs comprise family offices, institutional investors and HNWIs on six continents, along withrecognized sector experts who are instrumental to our portfolio companies' future growth.

## Austen Allred
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Health Care, E-Commerce

Austen Allred co-founded Lambda School and serves as its CEO.

## Citius
- Type: VC Fund
- Relevant deals: 1
- Stages: Series B, Seed, Series A
- Focus: E-Commerce, Financial Services, FinTech

Citius is a global investment firm that funds technology companies

## Technology Partners
- Type: VC Fund
- Location: Palo Alto, California, United States
- Relevant deals: 1
- Stages: Series B, Series C
- Focus: Health Care, Biotechnology, Medical

Technology Partners is a venture capital firm specialized in seed-, early-, and later-stage venture and private equity investments.

## Storm Ventures
- Type: VC Fund
- Location: Menlo Park, California, United States
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Software, Enterprise Software, Information Technology

Storm Ventures is a $600m (TAM) VC firm 100% focused solely on early-stage enterprise investments. We've been founders ourselves, of enterprise companies including Airespace (acquired by Cisco) and EchoSign (acquired by Adobe). We've had to go without pay as CEOs ourselves to make payroll. We've gone from $0 to $100m in ARR andlived all the stages in between. We've here to help, and add some strategic capital and insights. And not be in the way when we're not needed.

## Stonewater Ventures
- Type: VC Fund
- Location: Kuala Lumpur, Kuala Lumpur, Malaysia
- Relevant deals: 1
- Stages: Seed, Pre-Seed
- Focus: Food and Beverage, Software, Information Technology

Stonewater Ventures |  An early-stage investment firm specializing in marketplaces, platforms, and SaaS

## otf Jasoor Ventures
- Type: VC Fund
- Location: Muscat, Masqat, Oman
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Logistics, B2B, FinTech

otf Jasoor Ventures is an early stage VC fund that invests in tech and tech-enabled startups in the MENA region

## Lars Fjeldsoe-Nielsen
- Type: Angel
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, Artificial Intelligence, Machine Learning

Lars Fjeldsoe-Nielsen is a Co-Founder & serves as a Partner at 2xN. Lars Fjeldsoe-Nielsen was General Partner at Balderton Capital in London from 2015-2021 through four funds. He joined after spending a decade in Silicon Valley where he was with Uber and Dropbox.Since 2012 his venture track record includes two IPOs (Uber, Dropbox) and 11acquisitions.Lars joined Balderton from Uber which he joined when the company was operating in less than 20 cities. His role as Vice-President resulted in strategic alliances. Lars joined Uber from Dropbox as one of the company’s first 25 employees. As Head of Mobile, his growth deals with Samsung and other mobile OEMs helped Dropbox reach its first 100 million users. Prior to that Lars held positions at Voicesignal (acq. Nuance), Skyhook Wireless (acq. TruePosition), Ness Technologies (acq. Opentable), 3Jam (acq. Skype) and T9 Tegic (acq. AOL). More than a billion people have used the software and services distributed as a result of mobile growth partnerships led by Lars.His venture investments include Voi (Raine), Labster (A16Z), Hiya (Ericsson), Cambridge Quantum Computing (HON), Hopin (A16Z), Opensea (A16Z), Yassir (YC), Beacon (Eric Schmidt), The org (Sequoia), Octant (A16Z), Zycada (Khosla), Monarch Money (Accel) and Kukua (Tencent), Dubsmash (acq. Reddit), Tempow (acq. Google), Rahko (acq. Odyssey Therapeutics), Pocket (acq. Mozilla), Blue Bottle (acq. Nestle), Marble (acq. Caterpillar).Lars, who is Danish-Portuguese, grew up across Africa and served with the Royal Danish Guards. He holds a MBA from London Business School, where he also serves on the Board of Trustees, an MSc from Oxford University Keble College and a BSc from King’s College, London. He lives in London with his wife and three children.

## Sary
- Type: VC Fund
- Location: Ar Riyadh, Ar Riyad, Saudi Arabia
- Relevant deals: 1
- Stages: Series A
- Focus: Retail, E-Commerce, Retail Technology

Sary is a B2B marketplace for wholesale, groceries, stores, offices, cafes, restaurants, and hotels in Saudi Arabia and Egypt. Shop for your business from a wide range of suppliers and distributors in one place. Get the best wholesale market prices, various items, great sales deals, offers, and discounts, fast delivery, order tracking, online payment, and cash on delivery with one click

## Saison Capital
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, Information Technology

They invest in Seed to Series A companies across South East Asia and India. Although they have a sector agnostic fund mandate, they particularly like to work with founders that are building ecosystems with the potential to distribute financial services to the unbanked.

## Vibe VC
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, EdTech, Retail

We were told no one would take us seriously as investors without a website, so here's our website.

## RaliCap
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, Payments

Rally Cap is a global community of tech folks investing in an exclusive portfolio of top-tier early stage venture funds in Latin America and sub-Saharan Africa.

## Julian Shapiro
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Angel
- Focus: Software, Information Technology, SaaS

Julian Shapiro is a Partner at Hyper and a Startup Investor at Julian.capital. He previously worked as the Founder of Demand Curve, a Columnist — Growth Marketing at TechCrunch, and VP of Marketing at Webflow. Julian attended Y Combinator.

## Alexandre Lazarow
- Type: Angel
- Location: San Francisco, California, United States
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series B
- Focus: InsurTech, Financial Services, Insurance

Alexandre Lazarow is the Partner of Cathay Innovation.

## Sabr Capital
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: B2B, Financial Services, Information Technology

Sector agnostic early stage investment partner for Shariah Compliant ventures based in Pakistan, Bangladesh, Middle East and Africa.

## Chandaria Capital
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: E-Commerce, FinTech, Software

Chandaria Capital operates as a venture capital Fund. We believe that innovative ideas will transform Africa. We invest, mentor, and work together with incredible entrepreneurs to create impactful companies that can change the continent.

## Veon Ventures
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: B2B, Logistics, E-Commerce

Veon Ventures is a corporate venture arm of VEON.

## Zinal Growth
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed, Series A, Convertible Note
- Focus: FinTech, E-Commerce, Financial Services

Zinal Growth is an investment firm.

## Wes Schwalje
- Type: Angel
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Angel
- Focus: FinTech, Information Technology, Financial Services

Operator at nexus of policy, tech, and dev, investor, advised 8 unicorns on MENAP entry/scale-up, support Big Tech / startups to get along with govt

## Nadeem Hussain
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Retail, Fashion, Internet

Nadeem Hussain

## Defy.vc
- Type: VC Fund
- Location: San Mateo, California, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, E-Commerce, Artificial Intelligence

Defy is an early-stage venture fund focused on emerging high-potential opportunities. It is driven by a passion for working closely with entrepreneurs, especially through the transformative time after seed funding. The firm invests in people and in their conviction and talent for creating real change.Defy.vc was founded in 2016 by Neil Sequeiraand Trae Vassallo and is based in San Mateo, California, United States.

## i2i Ventures
- Type: VC Fund
- Location: Islamabad, Islamabad, Pakistan
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, Software, Logistics

i2i Ventures is a investment fund of Invest2Innovate.

## Retailistan Pvt. Ltd
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Retail, E-Commerce, Retail Technology

Retailistan is the company behind Salesflo.

## Kyane Kassiri
- Type: Angel
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: Retail, Finance, Software

Emerging market investor. Partner @ RaliCap.

## DEG
- Type: VC Fund
- Location: Overland Park, Kansas, United States
- Relevant deals: 1
- Stages: Debt Financing, Series A
- Focus: Financial Services, Banking, B2B

DEG, a Merkle Company is a full-service digital agency purpose-built to meet clients in the moment with data-driven marketing, commerce, and collaboration solutions.

## Khwarizmi Ventures
- Type: VC Fund
- Location: Riyadh, Ar Riyad, Saudi Arabia
- Relevant deals: 1
- 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.

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