Spartech Ventures
Spartech Ventures is a venture capital firm established in 2019 and based in Dubai, United Arab Emirates. The firm focuses on investing in early-stage technology companies, with a particular interest in the MENA region. Spartech aims to support founders by providing access to opportunities in sectors that remain largely undigitized and undisrupted. By adopting a value-add approach, Spartech Ventures seeks to enhance the growth potential of its portfolio companies through strategic guidance and resources.
Top Sectors
Top Regions
Past deals in Gulf Cooperation Council
AlgoDriven
Series A in 2021
AlgoDriven is an automotive data platform that enables accurate used-car pricing and vehicle identification for dealers, banks, insurers, and other market participants. It offers EvalExpert, a mobile appraisal app that delivers data-driven valuations for single showrooms, dealer groups, finance brokers, and fleet operators, and DriveExpert, which streamlines the management of test drives, loan cars and staff cars. The platform combines big data and artificial intelligence to provide vehicle identity and pricing information to support pricing, risk assessment, claims processing, and compliance. Enterprise clients access the service via APIs, enabling integration with dealer management systems and finance workflows. The company serves customers across Australia, New Zealand, the United Arab Emirates, Hong Kong and China, and maintains operations in Dubai, Muscat, Hong Kong and Brisbane.
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