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.
Top Sectors
Past deals in North Africa
Orcas
Debt Financing in 2022
Orcas Solutions Limited operates an online marketplace that connects parents and students with experienced and reliable private tutors and babysitters in Egypt, Saudi Arabia, and Pakistan. Founded in 2014 and based in Cairo, the company provides a hybrid tutoring platform that offers live tutoring sessions along with personalized learning plans and courses. This approach enables students to receive tailored educational experiences, enhancing their learning and making education more enjoyable. Through its services, Orcas Solutions aims to empower students and support families in finding quality educational and childcare resources.
Lucky
Series A in 2022
Lucky is a financial services company that operates an app designed to enhance the shopping experience through credit products, discounts, and cashback rewards. The app allows users to search for and coordinate their shopping, payments, and savings, providing access to cashback rewards of up to 50% from various merchants. With a mission to transform shopping, payment, and savings in the Middle East and North Africa, Lucky has successfully connected over six million users since its launch. By partnering with both local and global brands, the app enables customers to easily access credit and save on their purchases, both in-person and online.
SgharToon
Pre Seed Round in 2021
SgharToon is a Tunis-based company founded in 2018 that focuses on early detection and treatment of dyslexia in children. Its application allows parents to identify early signs of dyslexia and offers educational support through interactive cartoons and video games tailored to children's specific learning needs. In addition to these resources, SgharToon connects parents with a network of professionals, including psychiatrists and speech therapists, to facilitate further assessment and intervention. The platform aims to reduce reliance on traditional teaching methods, providing a modern solution to support children's educational growth in the MENA region.
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 various home supplies. Founded in 2019, the company facilitates connections between homeowners and home professionals, allowing users to browse an extensive selection of products while accessing reviews, expert advice, and articles on home improvement. Homzmart aims to create a community-driven environment that enhances the shopping experience for home-related needs, offering a diverse range of quality products at competitive prices. Through its platform, the company seeks to simplify the process of home furnishing and improvement for its customers.
TIRA ROBOTS
Seed Round in 2019
TIRA ROBOTS is the first manufacturer of industrial robotic arms in Tunisia and the MENA region. Specializing in industrial robotics, the company offers fast, precise, and high-quality robots designed for seamless integration into production lines. TIRA ROBOTS aims to enhance operational efficiency by reducing production costs and ensuring a stable workflow, even amidst changes in industrial processes. Their focus on automation and robotic control positions them as a key player in the transition to Industry 4.0, providing industries with the tools necessary to modernize and optimize their manufacturing capabilities.
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