Phoenician VC

Founded in 2015, Phoenician VC is a venture capital firm focusing on early-stage technology companies across MENA, Europe, and the US. They invest in various sectors, with a particular interest in financial services technology (Fintech). The firm supports founders through collaborative processes to shape early-stage ventures and create value throughout the investment cycle.

Past deals in Lebanon

Polaire Group

Series A in 2019
Polaire Group, founded in 2012 and headquartered in Beirut, Lebanon, is a travel technology company that has developed a multi-sided platform aimed at enhancing the travel experience for millions of inbound travelers to Saudi Arabia. Its flagship application, Salam App, caters to travelers, brands, and group travel companies by addressing the unique challenges faced by Muslims during the Hajj and Umrah pilgrimages. The platform provides essential information to ensure safer and more informed travel experiences. Polaire Group has received multiple accolades for its innovations, including recognition from Thomson Reuters and awards from Apple for its application, as well as the Dubai Lynx Award and Festival of Media MENA awards for effective marketing campaigns.

Bluering

Series A in 2018
Bluering is a fintech company based in Beirut, Lebanon, that specializes in developing business software tailored for the banking and finance sectors. The company offers comprehensive solutions for corporate and retail credit management, focusing on credit risk automation, credit management, and credit scoring. Bluering's software aims to streamline the loan origination and lending processes for banks and financial institutions. In addition to its software products, Bluering provides a range of services including consulting, project management, installation, training, integration, and maintenance. The company is committed to a transparent corporate culture and adheres to international regulations, ensuring that it meets customer expectations while delivering high-quality products and services.

Kamkalima

Series A in 2018
Founded in 2014, Kamkalima offers a SaaS platform designed for K-12 schools to enhance Arabic language learning. Its solution provides educators with content, tools, and analytics to support lesson preparation, student progress tracking, assessment, and development of communication skills.

Blink My Car

Seed Round in 2017
Blink My Car Inc. is a company that operates a mobile application facilitating on-demand car washing and detailing services for cars and motorbikes. Founded in 2015 and based in Beirut, Lebanon, the company connects users with trusted professionals who provide waterless car cleaning services at their chosen locations, including homes and offices. The app is compatible with both iPhone and Android devices, allowing for quick and efficient booking. In addition to car wash services, Blink My Car also offers insurance coverage, enhancing the convenience and safety of its offerings. The marketplace efficiently bridges the gap between customers and skilled service providers, ensuring a high-quality cleaning experience.

Risk+ Solutions

Seed Round in 2016
Risk+ Solutions SAL is a fintech company based in Beirut, Lebanon, specializing in the development and implementation of financial intelligence and risk management solutions for banks and financial institutions. Founded in January 2017 by Jad G. Doumith and Chadi G. El Nawar, the company focuses on providing fully integrated IT solutions that encompass performance management, balance sheet and capital optimization, and comprehensive stress testing tools. Risk+ Solutions aims to assist its clients in complying with regulations and industry best practices, enabling them to make informed decisions while effectively managing their balance sheets and risk exposures.
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