Oman Technology Fund

Oman Technology Fund, established in 2016 and based in Muscat, Oman, operates as a venture capital firm that focuses on investing in technology companies throughout Oman and the broader Middle East region. The fund manages three micro-funds tailored to different stages of company development: Techween, which provides seed investments of $50,000 for idea stage ventures; Wadi Accelerator, which offers initial investments of approximately $100,000 for acceleration stage companies; and Jasoor Ventures, which invests between $500,000 and $3 million for growth stage firms, with additional follow-on funding available. In addition to its investment activities, Oman Technology Fund also offers incubation and acceleration services to support the growth of technology startups.

Anurag Agarwal

Managing Director

Yousuf Al-Harthy

CEO

Charles Ell

Investment Manager

Mohammed Al Rasbi

Managing Director

Past deals in North Africa

Shift EV

Series A in 2022
Developer of an electric mobility technology intended to accelerate the transition to fleets in emerging markets. The company's vehicles are manufactured with proprietary electro-fitting technology that can turn any conventional vehicle, enabling users to travel from one place to another on electric-run vehicles and helping the environment to be less polluted and save natural resources.

Lucky

Series A in 2022
Lucky is a financial application designed to provide users with access to a variety of credit products, sale offers, and cashback rewards. The app allows customers to engage with a range of credit services and discounts that can be utilized both in-person and online through partnerships with local and global brands. This functionality enables users to manage their credit more easily while also saving money on purchases through cashback incentives and exclusive offers.

Wattnow

Seed Round in 2022
Developer of an energy management platform designed to monitor and control electric supply. The company's platform provides real-time information on power consumption, integrates all devices into a single network through the Internet of Things (IoT), provides actionable insights, and does not require altering setups, enabling industry owners and facility managers to reduce costs and improve operational efficiency.

LAMMA

Pre Seed Round in 2022
Lamma is a web and mobile platform reinventing urban movement for package delivery through an extended carpooling network.

PacknSave

Pre Seed Round in 2021
Developer of an online marketplace platform designed for hassle-free bulk grocery shopping. The company specializes in providing a wide range of daily use dairy and coffee products online, enabling the customers to get the good quality commodities they want, while keeping costs competitive.

Galactech

Seed Round in 2020
Galactech Studio, founded in 2016 and headquartered in Mégrine, Tunisia, specializes in developing games and immersive experiences utilizing virtual reality (VR) and augmented reality (AR) technologies. The company serves as an end-to-end value-added services (VAS) provider, collaborating closely with telecom operators to aggregate and deliver a diverse range of entertainment offerings. With a presence in more than 40 countries across three continents, Galactech Studio focuses on creative content and content publishing, leveraging mobile platforms to enhance user engagement through gamification and unique interactive experiences. The company also maintains offices in the United Arab Emirates and Germany, further expanding its reach in the global entertainment market.

Galactech

Seed Round in 2020
Galactech Studio, founded in 2016 and headquartered in Mégrine, Tunisia, specializes in developing games and immersive experiences utilizing virtual reality (VR) and augmented reality (AR) technologies. The company serves as an end-to-end value-added services (VAS) provider, collaborating closely with telecom operators to aggregate and deliver a diverse range of entertainment offerings. With a presence in more than 40 countries across three continents, Galactech Studio focuses on creative content and content publishing, leveraging mobile platforms to enhance user engagement through gamification and unique interactive experiences. The company also maintains offices in the United Arab Emirates and Germany, further expanding its reach in the global entertainment market.

Galactech

Seed Round in 2020
Galactech Studio, founded in 2016 and headquartered in Mégrine, Tunisia, specializes in developing games and immersive experiences utilizing virtual reality (VR) and augmented reality (AR) technologies. The company serves as an end-to-end value-added services (VAS) provider, collaborating closely with telecom operators to aggregate and deliver a diverse range of entertainment offerings. With a presence in more than 40 countries across three continents, Galactech Studio focuses on creative content and content publishing, leveraging mobile platforms to enhance user engagement through gamification and unique interactive experiences. The company also maintains offices in the United Arab Emirates and Germany, further expanding its reach in the global entertainment market.

Homzmart

Seed Round in 2020
Homzmart Ltd. is an e-commerce platform based in Cairo, Egypt, that specializes in selling home furniture, décor, lighting, and related supplies. Founded in 2019, the company offers a community-driven approach, allowing homeowners to connect with home professionals for advice and recommendations. Users can browse a diverse selection of home designs and products, read articles on home improvement, and access reviews of various items. This platform not only facilitates the purchase of quality home furnishings but also fosters a visual community that enhances the overall shopping experience for homeowners.

TIRA Robots

Seed Round in 2019
TIRA ROBOTS is the first manufacturer of industrial robotic arms in Tunisia, Africa and MENA region. TIRA provides fast, precise and high-quality robots that can be integrated into your production line making you ready for the industry 4.0

Bekia

Seed Round in 2019
Bekia is a waste management platform that facilitates the exchange of separated inorganic waste, such as cans, plastics, food oil, and metal, for goods and services. The platform allows individuals to sell their separated inorganic waste from home, enabling them to earn points that can be redeemed for various items, including groceries, school supplies, metro tickets, and mobile credits. Additionally, users have the option to donate their earned points to support different causes. By promoting recycling and responsible waste disposal, Bekia aims to create a more sustainable environment while providing economic benefits to its users.

Mermaid

Angel Round in 2019
Founded in 2016, Marmaid is a professional on demand house cleaning service based in Egypt.

Swvl

Series B in 2018
Swvl, LLC is a technology-driven mobility company that offers an application for booking fixed-route bus trips, primarily operating in Egypt, Kenya, and Pakistan. Founded in 2017 and based in Cairo, Swvl provides a premium mass transit system that connects neighborhoods with accessible bus and van rides during peak commuting hours. Users can book rides at a flat fare, ensuring affordability without surge pricing. The company's core service includes a network of minibuses and other vehicles that operate along predetermined routes, allowing commuters to reserve rides through its mobile application. Swvl aims to provide a reliable, cost-effective, and environmentally responsible alternative to traditional public transportation and ridesharing options.

Wattnow

Seed Round in 2018
Developer of an energy management platform designed to monitor and control electric supply. The company's platform provides real-time information on power consumption, integrates all devices into a single network through the Internet of Things (IoT), provides actionable insights, and does not require altering setups, enabling industry owners and facility managers to reduce costs and improve operational efficiency.

Swvl

Series A in 2018
Swvl, LLC is a technology-driven mobility company that offers an application for booking fixed-route bus trips, primarily operating in Egypt, Kenya, and Pakistan. Founded in 2017 and based in Cairo, Swvl provides a premium mass transit system that connects neighborhoods with accessible bus and van rides during peak commuting hours. Users can book rides at a flat fare, ensuring affordability without surge pricing. The company's core service includes a network of minibuses and other vehicles that operate along predetermined routes, allowing commuters to reserve rides through its mobile application. Swvl aims to provide a reliable, cost-effective, and environmentally responsible alternative to traditional public transportation and ridesharing options.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.