Top 50 Web3 VC Funds & Investors in Middle East (October 2023)

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

• Axoni — Axoni is a New York-based capital markets technology firm that specializes in distributed ledger infrastructure. Product offerings include blockchain deployments, large-scale data management, bespoke smart contract development, analytics services, and connectivity tools.
• AlloyX — AlloyX makes it simple and accessible for protocols, DAOs, and institutional investors to create diversified RWA investment strategies. We provide lenders with a flexible and efficient platform for managing all of their RWA assets based on their yield, risk, and liquidity preferences.
• 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.

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

• 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

• 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

• 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

• ZetaChain — An EVM-compatible L1 blockchain that connects everything: Build interoperable dApps that span any chain including Bitcoin, access all chains from one place.
• Cryptoworth — Cryptoworth is a cryptocurrency solution and consultancy company working hard at the intersection of cryptocurrencies, blockchains, business and people to better-serve the fin-tech industry. Cryptoworth was created to reduce the complexity of cryptocurrency adoption, usage, and management. Cryptoworth provides the best cryptocurrency and blockchainsolutions for use cases spanning from single users to large institutions.
• Trident Digital — Trident Digital is restoring market liquidity by providing the next-generation digital asset platform that addresses issues with access, security, and capital efficiency. It allows lenders and borrowers to connect transparently and not rely on a central counterparty.

Portfolio highlights

• Trullion — The best AI-powered accounting software for lease accounting & revenue recognition compliance. Accountants trust Trullion for automated financial software.
• SphereX — Experience unmatched decentralized security with SphereX, safeguarding your DeFi apps non-stop. Trust in our transparent, ML-based protection.
• Floodlight — Track finances, make smarter decisions, and increase revenue. Think business accounts, cards, payments and cashback, all-in-one.

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

• Haseel — The new concept to meet your needs of vegetables and fruits selects you the best crops and the best prices in a way that is consistent with your digital age.
• Nearpay — Focus On Building Deep Technology To Create Innovations
• RedBox — Don't wait for drivers to deliver your packages! Instead, use RedBox lockers to ship your packages and collect them at your convenient time. No human contact!

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

• 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

• 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

• 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

• 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

• ikas — Start selling online with the new generation e-commerce platform ikas. Increase your sales and experience international commerce.
• wamo — Get a better business account with wamo. Physical & virtual cards, team accounts. Do it all from one app. Ready in 10 minutes!
• Taksit Market — Taksit Market is an e-commerce platform to sell electronic products.

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

• 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

• K2View — K2View provides an operational data fabric, delivering a trusted, holistic, and real-time view of customer and business data, to applications and analytics
• Worthy — Sell diamond jewelry, rings & watches for the absolute most at Worthy.com. Featured in NYT, Forbes and US News. Trustworthy, fully insured online auctions.
• Sisense — Convert data into revenue by embedding AI-powered analytics with pro-code, low-code, and no-code capabilities.

Portfolio highlights

• Rated — Rated offers data on validators and node operators, which makes it easier for users to compare and contrast their performance.
• 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
• Essential — Essential is building intent-based infrastructure & tooling to accelerate the transition from value extraction to intent satisfaction.

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

• TRM Labs — Next Generation Blockchain Intelligence | Monitor, Investigate, and Mitigate Crypto Fraud and Financial Crime
• Supermojo — Supermojo is building the embedded customer lending experiences to power the growth of NFTs as a powerful new asset class.
• InterPrice Technologies — InterPrice Technologies is a financial technology company that empowers corporate Treasury teams to make financing decisions with accuracy and precision. The company’s current technology automatically aggregates bond, commercial paper, and loan indications into intuitive dashboards across currencies and financing products. By normalizing dataacross all banking partners, InterPrice simplifies the financing process for corporate issuers and creates more competitive advantages for underwriters.

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

• invygo — Invygo is MENA's first & largest car subscription service creating accessible mobility options through an all-inclusive monthly subscription, all in a seamless app-based experience.For consumers: we provide them access to passenger cars without any financial burdens through a customizable month-to-month subscription through a mobile appFor Dealers: through our technology, they get access to a new business model that helps them generate revenue and reduce their depreciation and operational cost The company was founded in 2018 by Eslam Hussein and Pulkit Ganjoo in Dubai, UAE.
• Yodawy — Yodawy is an online pharmacy and insurtech startup that allows customers to order pharmaceuticals and cosmetics via a mobile app and have those delivered through a network of 500+ pharmacies across Egypt. Insurance and copayment benefits are automatically applied with four major insurance carriers onboarded thus far and more in the pipeline.
• Money Fellows — MoneyFellows digitizes the ROSCA model, enabling group lending and savings.

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

• 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

• 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

• 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

• 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

• Breez — Lightning Fast Bitcoin Payments
• Relai — Relai is a Bitcoin investment app that allows anyone to buy bitcoin within one minutes or set up an automated savings plan.
• AMBOSS — Lightning Network Explorer and Analytics Tools. Search for nodes and channels on the Lightning Network and get detailed information on them.

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

• 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

• 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

• 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

• 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

• 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

• Enhance Ventures — Enhance is already live in 7 countries and can rapidly develop vertical marketplaces across Middle East, North Africa, Pakistan and Turkey with a higher chance of success.
• Magnitt — Magnitt is a startup directory that connects investors, mentors, and emerging companies in the Middle East. The discovery platform is a database with over 5,500 MENA startups and over 200 investors.
• Joi Gifts — Joi Gifts is the best online gift shop for any occasion. Send flowers, cakes, and more with same-day delivery in KSA, UAE, Jordan, Egypt and Middle East.

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

• Guardz — Ultimate cybersecurity solution built for MSPs, IT pros, & business owners. Protect your clients & business with an all-in-one security & monitoring solution.
• CoinScan — Fastest trading history in the industry for any ETH token along with seeing pending transactions. One-of-a-kind Airdrops and Holders distribution for quick analysis and much more.
• Nest Genomics (YC W22) — Nest Genomics is a lab-agnostic, comprehensive software solution for implementing genomic programs at scale.

Portfolio highlights

• Headway — Headway is a mental healthcare system provider based in New York. It develops a health insurance advisory platform designed to connect patients with therapists and provides administrative support to therapists who don’t typically accept insurance. The company was founded by Andrew Adams, Jake Sussman, Dan Ross, and Kevin Chan in 2019.
• Ramp — Join thousands of forward-thinking businesses using Ramp to control spend, save time, and automate busywork.
• Sonera Magnetics — Sonera Magnetics develops a technology for high-performance, non-invasive brain-computer interfaces to democratize access to the brain.Its core technology enables them to detect signals from the brain at performance levels comparable to the best diagnostic tools that rely on superconducting sensors. It can detect high-quality magnetic signalsfrom neurons firing in the brain using a non-invasive, low-cost, and low-power system - enabling a practical brain-computer interface. ‍Sonera’s portable brain imaging systems can be used to provide concordant evidence for the diagnosis and treatment of neurological disorders, such as epilepsy and dementia.The company was founded in 2018 by Nishita Deka, Dominic Labanowski, and Sayeef Salahuddin in Berkeley, California.

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

• Blacklane — Blacklane is the global chauffeur service that offers safety, sustainability, and stress-free travel. Since 2017, the company has been carbon-neutral, combining a five-star guest experience with care for the planet. The customers can book their travels using Blacklane’s mobile app or website.Blacklane was co-founded by Jens Wohltorf and FrankSteuer and is headquartered in Berlin, Germany.
• Steady — Home Page Steady Your Income Home Page Steady Your Income Home Page Steady Your Income
• ZenBusiness — Start a new business today for $0 or grow your existing business with the ZenBusiness platform. Get to your first dollar faster without the stress.

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

• 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

• 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

• CyVers — Next-generation blockchain threat prevention- Identifies patterns and anomalies across blockchains in real time for proactive Web3 mitigation.

Portfolio highlights

• Breez — Lightning Fast Bitcoin Payments
• Synota — Synchronizing data and payments with the flow of energy.
• Zion — Join our mission in creating the last platform you will ever build

Portfolio highlights

• CyVers — Next-generation blockchain threat prevention- Identifies patterns and anomalies across blockchains in real time for proactive Web3 mitigation.
• Lightico — Digitally transform your business with industry leading Customer Experience (CX) enterprise software platform, Lightico.
• Alison AI — Maximize your ad creative performance with Alison: creative testing, ideation, optimization & competitive analysis platform for a strong creative strategy

Portfolio highlights

• CyVers — Next-generation blockchain threat prevention- Identifies patterns and anomalies across blockchains in real time for proactive Web3 mitigation.
• Reco — SaaS Security Leverage Reco's context analysis to streamline SaaS security, minimize data and identity risk, and automate remediation