We are one of the earliest venture capital firms to start in the MENA region. Since 2014, we have been investing in young, fast-growing, and innovative tech teams.
Although some of our investments are global, they all have a MENA angle, which allows us to add real value and work closely with our startups.
We are committed to building a long-lasting relationship with the region's most talented entrepreneurs and invest for success.
Although some of our investments are global, they all have a MENA angle, which allows us to add real value and work closely with our startups.
We are committed to building a long-lasting relationship with the region's most talented entrepreneurs and invest for success.
Location: Kuwait, Al Asimah, Kuwait City
Employees: 11-50
Founded date: 2013
Investment Type: Venture Capital
Investment Stage: Series A; Series B
Portfolio 44
Date | Name | Website | Total Raised | Location |
11.09.2024 | Hulexo | hulexo.com | - | United Ara... |
23.02.2023 | Paymennt | hala.com | $6.5M | Saudi Arab... |
12.12.2022 | Nearpay | nearpay.io | $17.7M | Saudi Arab... |
15.11.2022 | MoneyFello... | moneyfellows.com | $38.6M | Egypt, Cai... |
20.06.2022 | Khazenly | khazenly.com | $5M | - |
08.05.2022 | REEF Techn... | reeftechnology.com | $700M | United Sta... |
25.03.2022 | Lucky App ... | luckyegypt.com | $25M | Egypt |
- | Boxit Stor... | boxitstorage.com | - | United Ara... |
- | Careem | careem.com | $1.27B | United Ara... |
- | Mejuri | mejuri.com | $28M | Canada, On... |
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Persons 9
Date | First Name | Last Name | Title | Location | |||
- | Hasan | J. Zainal | Managing P... | linkedin.c... | twitter.co... | - | - |
- | Dominika | Bzduchova | Communicat... | linkedin.c... | twitter.co... | - | - |
- | Adeel | Shahid | CFO | linkedin.c... | - | - | - |
- | Asia | Kabel | Investment... | linkedin.c... | twitter.co... | - | - |
- | Mohamad | Charafeddi... | Advisory M... | - | - | - | |
- | Maha | Al Zeir | Talent Acq... | linkedin.c... | twitter.co... | - | - |
- | Hashim | Gillani | Advisory M... | - | - | - | |
- | Muhannad | Abulhasan | Advisory M... | - | - | - | |
- | Jassem | Hasan Ali ... | Chairman &... | - | - | - |
Mentions in press and media 9
Date | Title | Description |
22.07.2024 | Jordan's ISSF raises LP-style bet on early-stage VC fund | Premium Jordan’s Innovative Startups and Small and Medium Enterprises Fund (ISSF) made a limited partner-style follow-on investment in an existing portfolio fund that backs early-stage tech startups in the region. ISSF, a $98 million fund, ... |
22.05.2024 | Customer engagement tech company Merit raised $12 M Pre-series B funding | In a notable development, Merit, a company that specializes in customer and engagement technologies, announced that its most recent funding round was oversubscribed. The company raised $12 million against a goal of $5 million in its pre-Ser... |
01.02.2022 | BREAKING: Retailo raises $36m Series A funding from AgFunder, Graphene & others | Disclosure: AFN’s parent company, AgFunder, is an investor in Retailo. Retailo — an online B2B marketplace that connects merchants with food producers and other suppliers — has raised $36 million for its Series A round, which included both ... |
15.09.2021 | Meet the founder: Retailo’s Talha Ansari talks supply chain digitalization in the Middle East | Disclosure: AFN’s parent company AgFunder is an investor in Retailo. Unlike in Europe and North America, grocery shopping in much of Asia and the Middle East doesn’t typically revolve around big-brand supermarket chains stocking everything ... |
10.09.2021 | UAE’s KLAIM raises $1.6M as part of plans to expand into KSA and US | Klaim |
20.06.2019 | Egypt’s Swvl raises $42-million on a reported $156m valuation [Updated] | UPDATE (20 August 2019): Swvl‘s $42-million raise was based on a valuation of the Egyptian startup of $156.86-million. The valuation was calculated from a disclosure published in a financial report released by Vostok New Ventures this month... |
20.06.2019 | Egypt’s Swvl raises $42-million on a reported $156m valuation [Updated] | UPDATE (20 August 2019): Swvl‘s $42-million raise was based on a valuation of the Egyptian startup of $156.86-million. The valuation was calculated from a disclosure published in a financial report released by Vostok New Ventures this month... |
23.11.2018 | Egypt’s Swvl closes BECO Capital led Series-B round in the ‘tens of millions’ | Cairo-based transportation startup Swvl has raised an undisclosed amount in a Series-B funding round led by Dubai-based venture capital (VC) firm BECO Capital. The startup — which was founded last year by Mostafa Kandil, Ahmed Sabbah and Ma... |
23.11.2018 | Egypt’s Swvl closes BECO Capital led Series-B round in the ‘tens of millions’ | Cairo-based transportation startup Swvl has raised an undisclosed amount in a Series-B funding round led by Dubai-based venture capital (VC) firm BECO Capital. The startup — which was founded last year by Mostafa Kandil, Ahmed Sabbah and M... |