DAAL

DAAL is a venture capital firm based in Al Khobar, Saudi Arabia, that focuses on growth capital and investments in emerging technologies. Established in 2017 as an offshoot of Sumou Holdings, DAAL aims to connect promising information technology opportunities globally with accomplished investors in the GCC region. The firm specializes in sectors such as Software as a Service (SaaS), Internet of Things (IoT), Artificial Intelligence (AI), fintech, big data, and various marketplace innovations. DAAL seeks to foster investment opportunities by providing mentorship and business development insights, particularly to companies looking to enter the Middle Eastern market. The experienced team at DAAL is dedicated to nurturing the growth of these emerging companies, facilitating their expansion into the Saudi market, and enabling investors to engage in high-growth IT opportunities.

Lewa Abukhait

CIO

Abdulrahman Al-Qahtani

Chief Executive Officer

Past deals in North Africa

Wuilt

Seed Round in 2020
Wuilt LLC is an online platform based in Miami Beach, Florida, that specializes in website design. Founded in 2016, it enables users to create websites that are responsive across all devices. The platform offers a variety of features, including pre-designed section blocks, tools for multilingual website creation, and the ability to integrate custom domains. Users can also access pre-assembled images tailored for their websites, analytics and marketing tools, customizable color palettes, and diverse font combinations. Notably, Wuilt includes a functional Arabic interface, allowing users to build Arabic websites quickly and efficiently, often in under five minutes.

Eventtus

Venture Round in 2020
Eventtus, founded in 2011 and based in Cairo, Egypt, operates a social network and an engagement platform for events, catering to both organizers and attendees. The platform allows event organizers to efficiently manage their events by providing tools to create event webpages, sell tickets, and develop mobile apps featuring schedules, speaker bios, and live announcements. For attendees, Eventtus serves as a comprehensive mobile app that consolidates event information, enabling users to interact with sessions and speakers, participate in polls, and network with other attendees. Additionally, the platform enhances user experience through features such as real-time insights, Q&A monitoring, and social feeds, all aimed at maximizing networking opportunities and improving event planning effectiveness.

Nexford University

Seed Round in 2019
Nexford University is an educational institution that provides online global education based on mastery of competencies that are relevant in the workplace. It caters markets such as the United States, the Philippines, Nigeria, and Egypt. The university was founded in 2017 and is based in Washington, District Of Columbia.

Dabchy

Seed Round in 2019
DABCHY SARL operates an online platform that provides peer-to-peer fashion marketplace. The platform allows listing of clothes, shoes, jewelry, accessories, bags, and beauty products. The company was founded in 2016 and is based in Tunis, Tunisia