Nama Ventures

Nama Ventures is a seed stage venture capital fund focused on fueling innovation in the MENA region, particularly in Saudi Arabia. ama Ventures is built upon the fundamental idea of enabling entrepreneurs to succeed. And as founders of Nama, we are thrilled to finally have the platform to implement this idea. Our hope is that entrepreneurs willing to partner with us will see and feel our value-add approach to investing.

Past deals in Riyadh

ORO

Pre Seed Round in 2022
ORO is an automobile maintenance company for businesses residing in Riyadh. We have well-equipped mobile vans, skilled technicians, and a powerful app available on IOS and Android for scheduling routine maintenance online.

PIESHIP

Pre Seed Round in 2022
Pieship is a logistics startup serving last mile and their customers using Ai and crowdsourcing.

Wafeer

Pre Seed Round in 2021
Wafeer is a fintech personal finance management app that provides financial solutions.

palm.hr

Seed Round in 2020
palm.hr is a revolutionary customer-focused company. They maintain sane working hours while still conducting business. They believe that great software should be available and affordable to everyone, not just large corporations and enterprises. They aim to solve administration and enable HR efficiency by providing frameworks, tools, and technology.

Tamara

Pre Seed Round in 2020
Tamara is the leading shopping and payments platform in Saudi Arabia and the GCC region, with a mission to empower people in their daily lives and revolutionize how they shop, pay and bank. The company was founded by serial entrepreneur Abdulmajeed Alsukhan along with his partners Turki Bin Zarah and Abdulmohsen Al Babtain. Tamara has over 350 employees and operates out of its headquarters in Riyadh, Saudi Arabia and has offices in the UAE, Egypt, Germany and Vietnam. Tamara has raised up to $366 million in equity and debt since its launch in September 2020. Investors in Tamara include Sanabil Investments, a wholly owned company by the Public Investment Fund (PIF), Checkout.com, Coatue, Shorooq Partners, Endeavor Catalyst and now Goldman Sachs. Tamara has 6 million customers and more than 15,000 partner merchants including leading global and regional brands such as SHEIN, Jarir, Noon, IKEA, H&M as well as local small and medium businesses.
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