Top 25 VC (Venture Capital) Funds in Middle East in October 2023

Portfolio highlights

• BitOasis — BitOasis is MENA's leading platform that allows you to securely buy, sell and trade crypto assets like Bitcoin, Ether, XRP and Bitcoin Cash at the best rates. Currently available in UAE, KSA, Bahrain, Kuwait, Oman, Jordan, Egypt and Morocco.
• Believe — Believe Pte Ltd. is a global, Singapore-based FMCG conglomerate that provides market-ready solutions for customers by listening to their needs and designing products that suit their culture and life choices. From breakthrough personal care essentials to beauty products surpassing global standards, our worldwide team of experts use cutting-edgetechnology, scientifically proven methodologies and ancient knowledge to gift our customers
• Wafeq وافق — Send invoices or purchase orders, manage your inventory and your payroll, and get over 30 reports to manage your company, all in one software.

Portfolio highlights

• Overwolf — Overwolf is an all-in-one platform for creating, sharing and monetizing in-game apps and mods
• Wristcam — Wristcam camera for Apple Watch. With the help of a camera on apple watch, you can capture 4K Photos, HD Videos and send Live Video Messages to your friends on any device.
• Illusive — Illusive is now Proofpoint Identity Threat Defense. We have joined forces to protect your organization from identity vulnerabilities and threats.

Portfolio highlights

• Plotlogic — We are Plotlogic, one of the world’s most innovative mining technology companies.
• BioLoomics — BioLoomics is a preclinical stage biotechnology company that uses evolution in a microscope to develop drug discovery tools and protein drugs. Our VariVolve platform tests millions of protein designs for a targeted activity in hours, enabling efficient mining of the vast chemical space of protein designs. A strong advantage of our approach is theuse of whole intact cells as test vessels that capture complex drug behavior not attainable in conventional assays.
• Machina Labs — Machina Labs is an advanced manufacturing company using next-gen AI and robotics technologies to build software-defined factories of the future.

Portfolio highlights

• Beewise — Beewise offers robotic beehives that operate with minimal human intervention, by utilizing AI-powered precision robotics. The company's solution automates all beekeeping activities in order to increase yield, reduce colony loss, and eliminate the use of chemical pesticides. We are the first comprehensive solution that keeps bees alive, inspite of all the stressors and challenges they face, allowing them to thrive, pollinate, and produce honey.
• Eleos Health — Eleos Health provides automated health tech solutions that accelerate clinicians’ decision-making via an AI-powered Speech-to-Insights system to ensure the provision of personalized and time and cost-effective care.
• Inner Cosmos — The Evolution of Medicine

Portfolio highlights

• Modanisa — Modanisa is an online fashion retailer for women's Islamic clothing, dresses and accessories. The site offers clothing and accessories to women of all ages and offers shipping and delivery all over the world. The site also trends latest hijab styles for women along with fashion tips for the Muslim regions. Designer abayas and jilbabs, Kayra,Armine, Aker and Tekbir are also sold online.
• Nile — Reliability and predictability in enterprise network performance and TCO - backed by SLA guarantees. The Nile solution just works.
• yallacompare — Compare the best car insurance, credit card and personal loan providers in Dubai & the UAE with yallacompare

Portfolio highlights

• Apron — Sort, pay and reconcile your invoices in seconds.
• Plenful — Plenful increases efficiency, ROI, and data accuracy around manual, administrative healthcare operational workflows.
• Farther Finance — Everything we do is to help you grow and protect your wealth. We strive to expand your choices and remove obstacles to building the life you want to live.

Portfolio highlights

• Letswork — Work, meet and connect from the best coworking spaces, cafes and hotels across the UAE and Bahrain. Buy a membership, book meeting rooms or rent an office via the Letswork app.
• AlgoDriven — AlgoDriven is an automotive data platform that helps car dealers, classifieds, banks and insurance companies accurately identify and price used cars. Car dealers use our patented mobile app, EvalExpert to appraise their cars, while enterprise clients access our platform through our APIs
• Ghost Financial — Ghost Financial is a comprehensive financing and business services platform to support ghost kitchen and restaurant ventures by offering financial products such as insurance, payroll, credit cards and expansion loans for startup & growing kitchens.

Portfolio highlights

• shift_ed — shift_ed operates as a non-profit organization committed to boldly accelerating student potential.
• Isovalent — We are proud to work with top-tier enterprises and cloud providers who are running business critical apps at scale.
• Vibrant Planet — Data-driven science and cloud-based technology to help make communities and ecosystems more resilient in the face of climate change.

Portfolio highlights

• Auradine — Auradinescalability, sustainability and security solutions for the infrastructure, enabled by revolutionary blockchain, security, zero-knowledge and AI technologies.
• Komprise — Save on data storage costs: Komprise Intelligent Data Management, the leader in unstructured data management and cloud file data migration. Analyze. Mobilize.
• Stathera — Stathera transforms the global timing market from Quartz-based to MEMS-based devices.

Portfolio highlights

• Nobl9 — Nobl9 SLO Platform connects monitoring, alerting, and automation to user and business goals via SLOs-as-code and out-of-the-box integrations.
• Island — Meet Island, the Enterprise Browser that gives you control over SaaS governance, visibility and productivity. Secure your critical data and apps with Island.
• Voiceitt — Voiceitt is an automatic speech recognition technology platform. Voiceitt provides a new dimension of independence and quality of life for people with speech and motor disabilities, and a useful tool for those who care for and about them.

Portfolio highlights

• Team8 — Team8 builds and invests in companies, improving the odds of entrepreneurial success by investing way more than capital.
• GENBAND — Ribbon offers innovative IP and optical networking solutions and cloud-to-edge communications solutions.

Portfolio highlights

• AI21 Labs — AI21 Labs is an AI lab & product company whose mission is to reimagine the way we read and write by making the machine a thought partner to humans.
• QuantHealth — QuantHealth is an AI company that provides a platform to simulate clinical trials in order to accelerate and de-risk drug development.
• Gina Life — At Nevia bio, we are focused on women's health. Our mission is to use innovative technologies to provide early detection of diseases through vaginal secretions analysis, enabled by Nevia's Machine Learning Platform.

Portfolio highlights

• Neara — Neara electric utility software is a physics-enabled platform that builds 3D interactive models of critical infrastructure networks and assets. Request a demo.
• SPIRITT — Spirit enables the development of complex applications by describing the concept to a computer without the need to write code, It is an artificial intelligence-based platform that allows you to develop complex applications such as Tinder, Instagram, or Wolt.
• Tomorrow.io — Predict, automate, and solve your biggest weather challenges with Tomorrow.io.

Portfolio highlights

• evolutionQ — evolutionQ offers quantum-safe cyber security products and services. Quantum Risk Assessments, Sponsored Quantum-Safe Cryptographic Research, Quantum-Safe Product and Network Validations.
• Belong.Life — Read about our high-engagement patient communities and care solutions
• Tactile Mobility — TACTILE DATA FOR SUPERIOR DRIVING

Portfolio highlights

• Lilt — Lilt powers the global experience across every step of the customer journey.We bring human-powered, technology-assisted translations to global enterprises. We give organizations everything they need to scale their translation programs, go-to-market faster than ever, and improve the global customer experience. Lilt’s translation services arepowered by our translation technology, which improves translator speeds by 3-5x and reduces localization costs by 50% or more. We're based in San Francisco with global offices in Berlin, Dublin, Indianapolis, Washington, D.C., and London, and are backed by Intel Capital, Sequoia, Redpoint, Zetta, and XSeed.
• FINDMINE — The most iconic brands trust FindMine. The #1 content engine powering Styling, Outfitting, Complete the Look, for ecommerce, marketing, remote selling, clientelling, and more in Fashion, Home, and Beauty
• LUUM — LUUM is introducing automation to the beauty-services market, initially focusing on eyelash extensions, a widely popular treatment ($20B global market opportunity). Pioneering a patented combination of robotics, AI, and machine vision, LUUM applies a full set of eyelash extensions in 20 minutes (instead of 2 hours), while eliminating the costsand safety risks associated with human application.

Portfolio highlights

• Colendi — Credibility and microcredit platform
• CARD.com — Fully featured bank account with optional overdraft protection and round up savings account. Get your paycheck up to 2 days earlier.
• Modacruz — Modacruz is a mobile social marketplace, serving more than 1 million women in Turkey, enabling women to buy and sell pre-owned brand name fashion items. Users can sign up to the platform to either find and purchase products or to sell their own. Modacruz was launched in 2014 and is headquartered in Istanbul

Portfolio highlights

• Homrun — Homrun helps Israeli companies go global by closing strategic deals for them in North America. Using the power of the Homrun Group - 140 business leaders based in North America - Homrun gets you in the right room with the right people
• Placer.ai — Make smarter real estate decisions and close more deals with Placer.ai's location intelligence and foot traffic insights.

Portfolio highlights

• gamiphy — GAMIPHY is a user engagement and retention platform that equips brands in different industries with tools proven to increase customer reach and loyalty such as branded mini games, playable Ads and digital loyalty programs. The tools and techniques offered by GAMIPHY can be either integrated into existing websites and apps, or can be used to createplatform-independent solutions. The available solutions are diverse, fully customizable, DIY, and are guaranteed to improve each customer journey, thus shorten the path to earn the loyalty sought after.
• Kitchefy — Building the largest decentralized network of cloud kitchens in the MENA Region.
• Kader — Kader is an on-demand mobile application that connects pre-vetted quality workers with businesses in the hospitality, retail and service sectors using an advanced matchmaking technology based on location, experience and qualifications.

Portfolio highlights

• Toters — Fast & easy delivery. GET THE APP
• Sarwa — Sarwa is your all-in-one investment platform. We offer hands-off investing, real-time trading, and high-yield savings. With holistic financial tools at your fingertips, investing has never been easier. Sarwa SDWCL is regulated by the FSRA in the ADGM.
• Mumzworld — Mumzworld.com is the largest e-commerce portal in the Middle East dedicated to all things mother, baby, and child. The Company serves over 2 million mothers in the MENA region and ships to more than 20 countries. Mothers can now shop faster and easier than ever before and find products not available anywhere else in the region.Mumzworld.com is acompany built by mumz for mumz, with the ultimate vision of becoming an indispensable online extension of a mother’s life. Mumzworld.com was created by the same team of Bayt.com (Alexa rank# 1,700), the largest job site in the Middle East. As a result, Mumzworld.com has:• Established the largest catalog of products for mothers in the region, bringing more than 200,000 products online from over 2,000 global and regional brands • Shipped over 60 tons of products to over 20 countries • Pioneered the e-commerce experience for mothers in the Middle East, being called the “Amazon for moms” by CNN. • Partnered with giant FMCGs, such as P&G and DANONE • Acquired exclusivity to a large selection of products, as well as exclusive distribution rights for a growing number of global brands

Portfolio highlights

• Lightbits Labs — Software-defined NVMe/TCP storage that performs like local flash. Scalable High Performance Storage - accelerate IT operations, and reduce cost.

Portfolio highlights

• Riboko — Ruiboke is a high-end optical film product research and development manufacturer.
• CMind-SEMI — CMind is committed to becoming the new global leader in smartphone communication chips by concentrating on 4G and 5G advanced wireless communication chips and complete solutions.
• Qingchun Semiconductor — Sichain Semi is a high-tech chip firm focused on the R&D and industrialization of Silicon Carbide semiconductors and its power devices.

Portfolio highlights

• MASAN Group — As an Integrated Consumer Ecosystem, Masan Group satisfies the evolving big unmet needs of 100 million Vietnamese consumers
• GuocoLand Limited — GuocoLand Limited ("GuocoLand"​ or "GLL"​), is a public company listed on the Singapore Exchange since 1978. The principal activity of GuocoLand Limited is that of an investment holding company. The principal business activities of its subsidiaries are property development, property investment, hotel operations, propertymanagement and activities relating thereto. As a premier regional property company, GLL is focused on achieving scalability, sustainability and growth in its core markets through its property development, investment and management businesses.
• Sabana Real Estate Investment Management Pte. — Sabana Real Estate Investment Management has four industrial property segments that include high-tech industrial, chemical warehouse and logistics, warehouse and logistics, and general industrial. It invests in income-producing real estate used for industrial purposes and real estate-related assets.

Portfolio highlights

• Team8 — Team8 builds and invests in companies, improving the odds of entrepreneurial success by investing way more than capital.
• HMD — HMD Global mission to make modern mobile technology accessible to everyone. Learn more about Nokia phones, tablets, products and services.
• ClariPhy Communications — ClariPhy Communications is a fabless semiconductor company that develops mixed-signal CMOS integrated circuits for optical networking and communication applications. It offers CL1011, a XAUI-based Ethernet transceiver for enterprise networks and data centers; and CL1012, a clock and data recovery integrated circuit for metro and long haul telecomnetworks. The company's customers include OEMs of networking equipment, such as switches, servers, and optical modules. It serves various markets, including enterprise local area networks, enterprise data centers, and telecom wide area networks. ClariPhy Communications was founded in 2002 and is based in Irvine, California with an additional office in Los Altos, California.

Portfolio highlights

• Aqua Membranes — Aqua Membranes is revolutionizing RO membrane filtration with its unique printed spacer technology. The Polymer is applied directly to the flat sheet membrane to create a customized raised pattern that replaces conventional extruded mesh feed spacers. Unlike traditional membrane spacers that trap particles and biofilm within the spacer mesh andthereby obstruct flow, the printed dimensional spacers optimize flow patterns and turbulence throughout the membrane element, minimizing the entrapment of particulates and organic fouling. Printed spacer technology also increases permeate flow, improves flux and recovery, minimizes system pressure drop, and extends the operational life of a membrane element.Aqua Membranes' unique technology is perfect for spiral-wound membrane manufacturers eager to improve their product performance and whose customers demand more durable, low maintenance elements that can withstand challenging feed streams. Its technology provides a more open design and reduces fouling. Their technology offers a significant reduction in both Capital and Operating Expense in membrane plant operations.
• READY Robotics — Making robotic automation attainable for everyone. Creators of ForgeOS, the revolutionary automation software that makes programming and operating robots easy.
• Universiti Sains Malaysia — Universiti Sains Malaysia is a school in Penang.

Portfolio highlights

• Akeyless Security — Akeyless Vault platform built to secure IT and DevOps resources, credentials, and access, on hybrid cloud and legacy environments.
• ANYbotics — ANYbotics provides autonomous legged robots for industrial applications to provide high availability and reliability in automated routine inspections.
• Summit Nanotech — Summit Nanotech innovates direct lithium extraction (DLE) processes to economically and sustainably unlock lithium resources globally.