VentureSouq

VentureSouq is a Dubai-based venture capital firm established in 2013 that focuses on investing in early-stage technology companies across various sectors, including agriculture tech, environmental tech, food tech, fintech, enterprise software, health tech, and digital media. The firm operates a substantial co-investment platform and maintains a global investment portfolio, aiming to support innovative startups in their growth and development. By concentrating on diverse technology-driven industries, VentureSouq seeks to contribute to the evolution of the regional and global tech landscape.

Maan Eshgi

General Partner

Sonia Gokhale

Co-Founder and General Partner

Suneel Gokhale

Partner

Musaab Hakami

General Partner, Fintech

Tammer Qaddumi

Partner

Sonia Weymuller

Co-Founder and General Partner

Past deals in Saudi Arabia

Mala'a

Seed Round in 2022
Developer of a financial platform designed to enable personal finance management. The company's platform helps to manage finances and provides recommendations based on spending behavior by providing facilities for expense keeping, budgeting, direct bank connection, and many more, enabling users to track their personal finances and reduce expenses.

Quant Data & Analytics

Series A in 2022
As data became excessive and abundant, Quant was established as a Saudi consultancy company to provide services such as Data Analytics, Business Intelligence, Artificial intelligence, Machine Learning, Data Quality Management, and Analytics Training, Predictive Analytics, as well as AI & BI SaaS products. At Quant, we empower aspiring businesses and dynamic governments to become data-driven through our offered services, which allows them to optimize operations, enhance efficiency, and augment decision making.

Resal

Seed Round in 2022
Resal.me LLC, founded in 2016 and based in Jeddah, Saudi Arabia, operates a comprehensive gifting platform that aims to simplify the gifting experience. Initially launched as an online flower store, Resal has since evolved into a one-stop shop offering a wide range of physical gifts, including flowers, chocolates, and accessories, as well as digital gift cards. The platform caters to both individual consumers and corporate clients, allowing them to send gifts and rewards easily. For businesses, Resal provides an API and SaaS solution named Glee, which enables enterprises to implement gifting and reward programs for employees, partners, and customers. Resal's services are available in 40 cities, reflecting its commitment to digitizing the gifting process and enhancing the overall experience for users.

Lucidya

Series B in 2022
Lucidya, LLC is a software as a service (SaaS) company based in Jeddah, Saudi Arabia, that specializes in social media monitoring and analytics. Founded in 2015, Lucidya offers a platform that enables businesses to gain insights into consumer behavior through real-time analysis of social media content. Its features include spike detection, trending hashtag identification, and social media statistics displayed on an interactive dashboard. The platform also provides real-time alerts, automated reporting, and competitive analysis, allowing organizations to make informed strategic decisions. Lucidya serves a diverse clientele, including agencies, brands, non-profit organizations, and media outlets, helping them to better understand and engage with their audiences.

Sary

Series C in 2021
Sary operates a digital business-to-business (B2B) marketplace that connects small businesses with merchant wholesalers of fast-moving consumer goods (FMCG) in Saudi Arabia. Founded in 2018 and headquartered in Riyadh, the platform facilitates seamless procurement for small and medium-sized enterprises, mini-market chains, hotels, restaurants, and convenience shops in Riyadh, Jeddah, and Dammam. Sary's mobile and web application provides a wide range of FMCG products, including milk, tea, coffee, water, soft drinks, juices, oil, and chocolates. The company aims to enhance efficiency in the wholesale supply chain, allowing customers to place orders ranging from a box to a truckload with just a few clicks, often receiving deliveries within three hours. Sary has served over 20,000 customers, completed more than 50,000 shipments, and collaborates with over 100 brands and wholesalers, significantly impacting the regional supply landscape.

Tabby

Series B in 2021
Tabby Inc. is a financial services company based in the United Arab Emirates that offers payment solutions for online and in-store purchases. The company provides consumers in the UAE and Saudi Arabia with a buy now, pay later option, allowing them to choose between making a deferred single payment or paying in multiple installments. Tabby's proprietary decision engine facilitates instant checkouts, enabling customers to make purchases without incurring additional costs. This approach allows consumers to utilize flexible credit while ensuring secure payment methods.

Quant Data & Analytics

Series A in 2021
As data became excessive and abundant, Quant was established as a Saudi consultancy company to provide services such as Data Analytics, Business Intelligence, Artificial intelligence, Machine Learning, Data Quality Management, and Analytics Training, Predictive Analytics, as well as AI & BI SaaS products. At Quant, we empower aspiring businesses and dynamic governments to become data-driven through our offered services, which allows them to optimize operations, enhance efficiency, and augment decision making.

Sary

Series B in 2021
Sary operates a digital business-to-business (B2B) marketplace that connects small businesses with merchant wholesalers of fast-moving consumer goods (FMCG) in Saudi Arabia. Founded in 2018 and headquartered in Riyadh, the platform facilitates seamless procurement for small and medium-sized enterprises, mini-market chains, hotels, restaurants, and convenience shops in Riyadh, Jeddah, and Dammam. Sary's mobile and web application provides a wide range of FMCG products, including milk, tea, coffee, water, soft drinks, juices, oil, and chocolates. The company aims to enhance efficiency in the wholesale supply chain, allowing customers to place orders ranging from a box to a truckload with just a few clicks, often receiving deliveries within three hours. Sary has served over 20,000 customers, completed more than 50,000 shipments, and collaborates with over 100 brands and wholesalers, significantly impacting the regional supply landscape.

Tabby

Series A in 2020
Tabby Inc. is a financial services company based in the United Arab Emirates that offers payment solutions for online and in-store purchases. The company provides consumers in the UAE and Saudi Arabia with a buy now, pay later option, allowing them to choose between making a deferred single payment or paying in multiple installments. Tabby's proprietary decision engine facilitates instant checkouts, enabling customers to make purchases without incurring additional costs. This approach allows consumers to utilize flexible credit while ensuring secure payment methods.

Quant Data & Analytics

Seed Round in 2020
As data became excessive and abundant, Quant was established as a Saudi consultancy company to provide services such as Data Analytics, Business Intelligence, Artificial intelligence, Machine Learning, Data Quality Management, and Analytics Training, Predictive Analytics, as well as AI & BI SaaS products. At Quant, we empower aspiring businesses and dynamic governments to become data-driven through our offered services, which allows them to optimize operations, enhance efficiency, and augment decision making.

Dapi

Seed Round in 2020
Dapi Ltd is a fintech company that specializes in developing application programming interfaces (APIs) to facilitate payments between consumer bank accounts and businesses. Founded in 2019 and headquartered in Abu Dhabi, the company provides a suite of open banking APIs designed to connect customer bank accounts, initiate payments, and access financial data in real-time. Dapi acts as an intermediary between financial applications and banks, enabling developers to create solutions such as digital wallets, budget trackers, and investment applications. Its services allow fintech companies to initiate payments through banks and offer financial services based on customer bank statement data. Dapi operates in multiple countries, including the United States, Saudi Arabia, Egypt, Pakistan, South Africa, and Kuwait, and has demonstrated significant demand for its offerings, achieving substantial growth in annual recurring revenue.

DokkanAfkar

Series B in 2019
DokkanAfkar.com was created by a group of passionate guys who love and appreciate creativity, design and ideas. It was created to enable customers to buy cool unique products with ideas that are fun, unusual and unique. Our products have a focus on fun, uniqueness, defiantly clever, and entertaining products.

Sabbar

Seed Round in 2019
Sabbar is an on-demand staffing platform that specializes in blue-collar jobs in the retail, hospitality, and entertainment industry in MENA. Our platform enables businesses to hire casual staff during peak hours or high seasons by connecting them to highly qualified and fully vetted professionals. Additionally, we relieve our customers from associated administrative costs by streamlining a lengthy process that typically includes interviews, training, placement, shift scheduling, worker payments, and everything in-between. To learn more, visit: sabbar.com

Kitopi

Series B in 2019
Kitopi Catering Services LLC is a managed cloud kitchen platform that collaborates with restaurants to enhance their delivery capabilities. Founded in 2018 and headquartered in New York, the company offers the necessary infrastructure and software for restaurants to establish delivery-only locations without significant capital investment or time constraints. Kitopi's in-house suite of applications streamlines kitchen operations in real-time, supporting ghost kitchens across various cities, including Dubai, Abu Dhabi, London, Kuwait, Riyadh, and New York. By providing management services, delivery management, and access to trained staff, Kitopi enables restaurateurs to efficiently operate and manage their delivery-only establishments. The platform aims to make food more affordable and accessible to consumers.

Dapi

Seed Round in 2019
Dapi Ltd is a fintech company that specializes in developing application programming interfaces (APIs) to facilitate payments between consumer bank accounts and businesses. Founded in 2019 and headquartered in Abu Dhabi, the company provides a suite of open banking APIs designed to connect customer bank accounts, initiate payments, and access financial data in real-time. Dapi acts as an intermediary between financial applications and banks, enabling developers to create solutions such as digital wallets, budget trackers, and investment applications. Its services allow fintech companies to initiate payments through banks and offer financial services based on customer bank statement data. Dapi operates in multiple countries, including the United States, Saudi Arabia, Egypt, Pakistan, South Africa, and Kuwait, and has demonstrated significant demand for its offerings, achieving substantial growth in annual recurring revenue.

Resal

Seed Round in 2019
Resal.me LLC, founded in 2016 and based in Jeddah, Saudi Arabia, operates a comprehensive gifting platform that aims to simplify the gifting experience. Initially launched as an online flower store, Resal has since evolved into a one-stop shop offering a wide range of physical gifts, including flowers, chocolates, and accessories, as well as digital gift cards. The platform caters to both individual consumers and corporate clients, allowing them to send gifts and rewards easily. For businesses, Resal provides an API and SaaS solution named Glee, which enables enterprises to implement gifting and reward programs for employees, partners, and customers. Resal's services are available in 40 cities, reflecting its commitment to digitizing the gifting process and enhancing the overall experience for users.

Lucidya

Series A in 2019
Lucidya, LLC is a software as a service (SaaS) company based in Jeddah, Saudi Arabia, that specializes in social media monitoring and analytics. Founded in 2015, Lucidya offers a platform that enables businesses to gain insights into consumer behavior through real-time analysis of social media content. Its features include spike detection, trending hashtag identification, and social media statistics displayed on an interactive dashboard. The platform also provides real-time alerts, automated reporting, and competitive analysis, allowing organizations to make informed strategic decisions. Lucidya serves a diverse clientele, including agencies, brands, non-profit organizations, and media outlets, helping them to better understand and engage with their audiences.

Kitopi

Series A in 2018
Kitopi Catering Services LLC is a managed cloud kitchen platform that collaborates with restaurants to enhance their delivery capabilities. Founded in 2018 and headquartered in New York, the company offers the necessary infrastructure and software for restaurants to establish delivery-only locations without significant capital investment or time constraints. Kitopi's in-house suite of applications streamlines kitchen operations in real-time, supporting ghost kitchens across various cities, including Dubai, Abu Dhabi, London, Kuwait, Riyadh, and New York. By providing management services, delivery management, and access to trained staff, Kitopi enables restaurateurs to efficiently operate and manage their delivery-only establishments. The platform aims to make food more affordable and accessible to consumers.

Telfaz11

Series A in 2018
Telfaz11 is a media production company based in Riyadh, Saudi Arabia, established in 2011. It operates an Arabic multi-channel network focused on talent management, comedy, entertainment, and content creation. The company specializes in producing and distributing engaging online content, partnering with various video platforms to reach a wider audience. Telfaz11 aims to influence social trends while delivering premium, authentic series and films that resonate both locally and universally. In addition to entertainment production, Telfaz11 offers brand promotion services, enabling brands to effectively engage with consumers through captivating content.

Yabi

Series B in 2017
Souqalmal.com LLC FZ operates a leading financial comparison website in the Middle East, providing consumers in the UAE and Saudi Arabia with the tools to search and compare various financial products. Founded in 2012 and headquartered in Dubai, the platform offers detailed information on credit cards, personal loans, car loans, bank accounts, mortgages, and various insurance options, including car, home, travel, and SME insurance. Users can obtain real-time quotes for insurance in under 60 seconds and have their policies issued within an hour. Souqalmal.com has also expanded its services to include mobile phone and broadband plans, as well as educational options like schools and nurseries. The company has received multiple awards for its innovative approach and has grown its insurance business significantly. With backing from notable investors and a proven track record, Souqalmal.com continues to empower consumers to make informed financial decisions.

Yabi

Convertible Note in 2016
Souqalmal.com LLC FZ operates a leading financial comparison website in the Middle East, providing consumers in the UAE and Saudi Arabia with the tools to search and compare various financial products. Founded in 2012 and headquartered in Dubai, the platform offers detailed information on credit cards, personal loans, car loans, bank accounts, mortgages, and various insurance options, including car, home, travel, and SME insurance. Users can obtain real-time quotes for insurance in under 60 seconds and have their policies issued within an hour. Souqalmal.com has also expanded its services to include mobile phone and broadband plans, as well as educational options like schools and nurseries. The company has received multiple awards for its innovative approach and has grown its insurance business significantly. With backing from notable investors and a proven track record, Souqalmal.com continues to empower consumers to make informed financial decisions.
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