Sukna Ventures

Sukna Ventures is a venture capital firm established in 2012 and headquartered in Riyadh, Saudi Arabia. The firm focuses on investing in high-growth start-ups by collaborating with entrepreneurs and experienced professionals. Through these partnerships, Sukna Ventures aims to foster innovation and support the development of promising business ventures, contributing to the broader entrepreneurial ecosystem in the region.

Waleed Alballaa

General Partner, SV Fund I

Ahmed Bafaqeeh

COO

Amr Bardeesi

Partner

Fares Bardeesi

Co - Founder and Managing Partner

Ahmed Kamran

Partner

Asher Siddiqui

General Partner, SV Fund I

Hattan Tashkandi

Co-Founder and Senior Partner

45 past transactions

InfiniLink

Seed Round in 2025
InfiniLink is a semiconductor startup specializing in high-speed connectivity solutions for hyper-scale data centers and enterprises. The company leverages advanced nanometer CMOS and silicon photonics technologies to develop Application Specific Integrated Circuits (ASICs), AI processors, and connectivity chips for 5G infrastructure. InfiniLink's core focus is on designing high-speed SerDes and optical transceiver chipsets, enabling clients to enhance data center optical connectivity.

OCTA

Pre Seed Round in 2024
OCTA is a company that specializes in optimizing cash flow and simplifying payment processes for businesses, particularly small and medium enterprises (SMEs). The OCTA platform offers an automated system for collecting invoices, which facilitates timely payments between business-to-business clients. By providing real-time insights and seamless integrations, OCTA allows companies to manage their invoices and follow up on payments with ease. This enables SMEs to focus on their growth while benefiting from improved financial management and easier access to financing solutions. Through its innovative approach, OCTA serves as a comprehensive command center for B2B payments and finance.

Quantum Platform

Seed Round in 2024
Quantum Platform is a business-to-business product platform that specializes in providing data-driven sampling solutions. The company utilizes intelligent e-process integration to offer targeted sampling services, specifically designed to engage active online shoppers based on defined criteria, thereby driving conversion rates. Quantum collaborates with global fast-moving consumer goods companies and a range of exclusive online businesses, ensuring that samples are delivered directly to the target audience's doorstep. In addition to its core sampling solutions, the company also develops specialized targeted market research and product testing campaigns, leveraging intelligent matching, feedback, and analytics to help enterprises improve their business outcomes and profitability.

Hefring Marine

Venture Round in 2024
Hefring Marine is an Icelandic deep-tech startup based in Reykjavík that specializes in providing advanced marine solutions through its Intelligent Marine Assistance System (IMAS). This innovative hardware-enabled software-as-a-service (SaaS) platform utilizes artificial intelligence, machine learning, and the Internet of Things to deliver real-time navigation guidance for both manned and unmanned vessels. By leveraging data-driven insights, Hefring Marine's system helps operators enhance safety, reduce fuel consumption by up to 25%, and significantly lower carbon emissions. Additionally, it mitigates the risks associated with wave slamming, potentially reducing impacts by up to 70%, thereby ensuring a safer and more comfortable experience for crew and passengers. The continuous learning capability of the AI improves operational guidance over time, addressing issues of inexperience and enhancing situational awareness among operators.

MoneyHash

Seed Round in 2024
MoneyHash streamlines payment processes for businesses by offering a unified API that integrates various pay-in and pay-out rails. It provides a customizable checkout experience, optimizes transaction routing to minimize fraud failures, and offers centralized reporting.

Elevatix

Venture Round in 2024
Elevatix is a technology company that specializes in developing machine learning systems for mobile game developers. Its core product is a game profiling platform that uses AI to optimize in-app purchase (IAP) monetization strategies. By analyzing player behavior and automating IAP campaigns, Elevatix helps game developers increase revenue, acquire new users, and make informed design decisions.

Marn.io

Funding Round in 2023
Marn is an hourly work solutions platform connecting Saudi businesses with thousands of Saudi job seekers in Retail, hospitality, F&B, and Hajj industries. As one of the first Saudi on-demand hourly staffing platform, Marn has had the trust of hundreds of well-known brands and hundred thousands of job seekers. Marn enables businesses to hire hourly staff to manage customers during peak hours and high seasons. All employees are fully vetted through interviews and tests that are prerequisites for joining the platform. Brands using Marn for recruiting save time and effort by letting our technology manage interviews, training, placement, shift scheduling, worker payments, performance reports, and task evaluation. Marn offers other services such as mystery shopper for hotels and retail, and sports events management. Learn more at Marn.io

Birthday App

Venture Round in 2023
Birthday App develops a reminder platform that automatically syncs with users' contact lists, providing timely notifications for friends' and family members' birthdays.

Revly

Seed Round in 2023
Revly operates an online platform that integrates advertisements and data insights for businesses using delivery apps. Its management platform helps restaurant owners create customized marketing strategies, track performance across multiple locations and delivery partners, and gain valuable insights to boost profits and sales.

Anecdote

Seed Round in 2023
Anecdote helps companies make better product decisions by listening to their customers. We structure the unstructured text & voice feedback and marry it with the user engagement data and business metrics. Our solution is based on large language models that are changing the world. We see this as an opportunity to build specific use cases on top of them. Our team has a solid track record in delivering such AI-driven products.

Subsbase

Venture Round in 2023
Subsbase is a cloud-based platform designed for subscription-based businesses. It offers operational tools such as automated billing and invoicing, subscriber lifecycle management, integration with various payment gateways, customizable subscription plans, multi-currency support, tax handling, and detailed analytics to efficiently manage subscriptions and maintain financial oversight.

Firestorm

Venture Round in 2023
Firestorm develops modular open-source unmanned aerial platforms and related hardware and software designed for defense applications. The company focuses on open-architecture systems that enable rapid, distributed manufacturing and mission-adaptable configurations. Its platforms feature swappable propulsion and payload options and are supported by mobile micro-factories that enable rapid drone production through advanced additive manufacturing. By enabling customizable, low-cost aerial systems, Firestorm aims to support military and defense operators across varied terrains and missions with adaptable, scalable solutions.

HELLO INSIDE

Seed Round in 2023
HELLO INSIDE is a scientific self-care company focused on empowering individuals to engage in data-driven conversations about their health. The company offers a health monitoring application that integrates with a medical-grade continuous glucose monitoring device, enabling real-time measurement of blood sugar levels. This technology syncs with a mobile application, providing users with insights into their glucose levels, trends, and patterns. By offering personalized coaching and educational content, HELLO INSIDE helps users make informed decisions to enhance their metabolic health, optimize fitness, and promote longevity. The company's mission is to foster a new self-care movement that is truly personalized, rooted in science, and dedicated to creating a healthier future for individuals and communities.

Earn Alliance

Seed Round in 2022
Earn Alliance is a developer of a metaverse and gaming platform focused on empowering gamers to realize their full potential in the realm of web3. The company aims to build vibrant communities and provide essential tools that inspire and nurture the web3 gaming movement. Founded by a group of individuals passionate about merging blockchain technology with video games, Earn Alliance has positioned itself at the forefront of a rapidly evolving sector that has generated significant economic activity. The platform serves as a catalyst for gamers to explore new opportunities, forge connections, and enhance their gaming experiences within blockchain-powered universes. Through its initiatives, Earn Alliance strives to shape the future of gaming, fostering an environment where players can engage and thrive in innovative digital landscapes.

Anari AI

Venture Round in 2022
Anari AI develops tools for data analysis and decision-making. The tools enable users to process and interpret data. They provide insights that assist in various operational tasks. Anari AI serves sectors such as finance, healthcare, and logistics.

Classera

Series A in 2022
Classera is an education management system and ed-tech platform established in 2011 by Mohammad Alashmawi and Mohammad Almadani in San Francisco, California. The company specializes in providing learning management systems tailored for K-12 students. Its platform includes a range of features such as a student information system, student attendance tracking, social learning capabilities, a grade book, and a transcript management system. These tools are designed to enable users to effectively manage their educational records and facilitate personalized learning experiences. Classera aims to support the development of students by offering a comprehensive set of resources that cater to their educational needs.

Streamline

Seed Round in 2022
Streamline is a global provider of supply chain planning and predictive analytics solutions, utilizing proprietary technology to enhance demand and inventory planning processes. The company offers an integrated business planning platform that combines demand planning, supply planning, and sales and operations planning. Streamline's platform leverages artificial intelligence for forecasting, dynamic simulation, and quick implementation, allowing businesses to improve operational efficiency and maximize their capital investments. With a focus on transparency across the supply chain, Streamline aims to optimize the planning and execution of supply chain strategies for its clients.

Proteinea

Seed Round in 2022
Proteinea develops a protein engineering platform that uses proprietary AI models and computational tools to design next-generation antibodies with enhanced efficacy, safety, and convenience. The company aims to make biotherapeutics development smarter, safer, and faster.

Competera

Seed Round in 2022
Competera is an AI-driven price optimization company that helps retailers maximize revenue through optimal pricing. Founded in 2014, it operates globally with headquarters in West Hollywood, California and offices in London, Singapore, and Kyiv. Competera's platform continuously calculates billions of price combinations to minimize financial losses by up to 6% of gross margin. It offers category-level pricing driven by demand patterns, efficient pricing management for any number of price lists, and a plug-and-play solution with easy onboarding.

Mozn

Series A in 2022
Mozn is a technology company that builds and deploys bespoke AI solutions, focusing on Arabic natural language processing data products and enterprise AI platforms. It offers an enterprise AI platform designed to help organizations create advanced AI products for decision making, using text analytics and machine learning to extract insights from data. The company's solutions enable financial institutions and other clients to screen and monitor customers, strengthen AML and fraud controls, and address operational challenges through autonomous algorithms and analytics. Mozn positions itself as a regional leader with global reach in AI and Arabic NLP, delivering scalable data-driven capabilities for diverse industries.

Dawul

Seed Round in 2022
Dawul is a platform facilitating social trading. It enables investors, particularly beginners, to explore automated trade execution methods, follow professional traders' portfolios and strategies, and analyze investment fund data.

Treasury

Seed Round in 2022
Treasury is a financial technology firm and venture capital entity founded in 2020, based in New York. It focuses on supporting founders by providing funding and global connections within the financial technology sector and beyond. Treasury seeks investment opportunities in various industries, including B2B, commercial transportation, consumer durables, media, retail, financial services, and insurance. The firm also engages its members through remote summits, groups, and events tailored for founders and leaders in the financial technology space, with operations extending to key cities such as Singapore, London, Tokyo, and Hong Kong.

Marque Ventures

Seed Round in 2022
Founded in 2022, Marque Ventures is a venture capital firm based in San Francisco. It invests in early-stage defense startups, supporting entrepreneurs building the future of American defense and deep tech innovation with expert guidance, government knowledge, and access to capital.

Conterra

Seed Round in 2022
Conterra provides individual and private security services for business clients.

FanVestor

Venture Round in 2022
FanVestor operates an equity crowdfunding platform that facilitates crowdsourced fundraising in the sports, entertainment, and media sectors. The company enables fans to invest in fractional ownership, allowing them to become equity partners in the careers and businesses of celebrities, musicians, and athletes. Through its platform, FanVestor enhances fan engagement by offering virtual and physical packages, perks, products, and experiences. Additionally, it supports creator-driven initiatives such as NFTs, securities, and charitable efforts, creating opportunities for fans to connect more deeply with their favorite personalities while participating in their financial success.

SuperCharger Ventures

Seed Round in 2022
SuperCharger Ventures is a London-based accelerator firm established in 2020, specializing in the education technology sector. The firm supports its portfolio companies through a 12-week program designed to facilitate growth by providing access to venture financing, a robust ecosystem, and business development resources. In exchange for equity stakes, SuperCharger Ventures helps EdTech companies expand their operations and scale their business development efforts, aiming to drive innovation and success within the education technology landscape.

Pollen VC

Venture Round in 2022
Pollen VC offers credit facilities specifically designed for app and game developers, supporting their growth and innovation.

Thrive Protocol

Seed Round in 2022
Thrive is the top protocol for powering ROI-positive decentralized grant-making across crypto ecosystems.

Wolf3D

Series A in 2021
Founded in 2014, Wolf3D specializes in creating realistic 3D avatars of people for virtual reality (VR) and augmented reality (AR) communication, games, and custom mannequins. Utilizing advanced 3D scanning technology, the company operates globally, with headquarters in Tallinn, Estonia, and offices in Los Angeles, California.

Paradigm

Series A in 2021
Paradigm Connect, Inc. is a New York-based company founded in 2017 that specializes in creating an institutional-grade communications platform for over-the-counter (OTC) digital asset traders. The platform automates price negotiation and settlement workflows, addressing inefficiencies in traditional OTC trading processes. By leveraging artificial intelligence, Paradigm enhances the trading experience for professional traders and institutions, offering a zero-fee liquidity network that integrates both centralized and decentralized finance. This approach allows clients to access multi-asset, multi-protocol liquidity while significantly reducing trading costs through the elimination of fees. The company is supported by notable investors in the OTC market, reflecting its innovative vision to transform institutional trading practices.

RoyalePlay Games

Seed Round in 2021
RoyalePlay Games is a mobile gaming platform dedicated to designing and developing engaging and innovative game projects. The company focuses on creating vibrant and interactive mobile gaming applications that cater to a wide range of genres. By prioritizing enjoyable gameplay, RoyalePlay Games aims to deliver user-friendly mechanics and captivating visual styles that attract millions of players globally. The emphasis on creativity and social interaction enhances the overall gaming experience, making it appealing to a diverse audience.

FlexxPay

Venture Round in 2021
FlexxPay offers an online, cloud-based platform that helps employers give employees access to a portion of their earned wages before the regular payday. The service enables immediate access to earned income, alleviating financial stress by allowing workers to cover mid-cycle expenses without waiting for the next payroll. It integrates with payroll systems to track earned-but-unpaid wages and provides an alternative to the traditional pay cycle that maintains payroll accuracy and compliance. The solution targets employers seeking a flexible payroll option to support financial wellness and workforce productivity.

DigiPlay Gaming

Pre Seed Round in 2021
DigiPlay is a free to play, browser-based gaming service that allows anyone to access console games on low end PC's, right through the web.

Betterment

Series F in 2021
Betterment LLC is an online financial advisory firm based in New York, founded in 2007. The company specializes in automated investing services that help individuals manage their finances through a customized and diversified portfolio. Betterment offers a range of investment options, including traditional and Roth IRAs, 401(k) accounts, and trust accounts, all of which are designed to optimize investment returns. Its services also include financial and retirement planning, tax loss harvesting, and cash management tools, such as the Two-Way Sweep feature. Betterment caters to various customer segments, including individual investors, businesses through Betterment for Business, and financial advisors via Betterment for Advisors. The firm charges a management fee for its services and focuses on providing personalized, goal-based investing solutions to enhance clients' long-term financial success.

Athena Sciences

Seed Round in 2021
Athena Sciences is a small business providing technical services and solutions to commercial and government clients in aerospace, transportation, energy, and information technology. It specializes in software development, embedded controls, modeling and simulation, biometrics, test automation, and verification and validation of mission-critical software. The company serves federal, state, and commercial customers with computing systems development, multi-modal biometrics system design and integration, IT support, enterprise systems development, and related services, delivering trusted, cost-effective and innovative approaches for mission-critical problems.

Loco

Seed Round in 2021
Loco is an Indian live game streaming and esports platform that hosts multiplayer social communities where gamers connect with audiences through live streams and arcade games, allowing players to showcase their skills and earn gameplay rewards.

Marn.io

Seed Round in 2021
Marn is an hourly work solutions platform connecting Saudi businesses with thousands of Saudi job seekers in Retail, hospitality, F&B, and Hajj industries. As one of the first Saudi on-demand hourly staffing platform, Marn has had the trust of hundreds of well-known brands and hundred thousands of job seekers. Marn enables businesses to hire hourly staff to manage customers during peak hours and high seasons. All employees are fully vetted through interviews and tests that are prerequisites for joining the platform. Brands using Marn for recruiting save time and effort by letting our technology manage interviews, training, placement, shift scheduling, worker payments, performance reports, and task evaluation. Marn offers other services such as mystery shopper for hotels and retail, and sports events management. Learn more at Marn.io

Marn

Seed Round in 2021
Marn provides easy-to-use cloud POS solutions to clients who manage SMEs to get you all they want, to manage their store, and more.

FlexxPay

Seed Round in 2021
FlexxPay offers an online, cloud-based platform that helps employers give employees access to a portion of their earned wages before the regular payday. The service enables immediate access to earned income, alleviating financial stress by allowing workers to cover mid-cycle expenses without waiting for the next payroll. It integrates with payroll systems to track earned-but-unpaid wages and provides an alternative to the traditional pay cycle that maintains payroll accuracy and compliance. The solution targets employers seeking a flexible payroll option to support financial wellness and workforce productivity.

Tradespace

Seed Round in 2021
Founded in 2017, Tradespace operates a platform facilitating the buying, selling, and licensing of intellectual property. Its AI-driven technology enables companies to quantify IP value, identify commercialization opportunities, and make informed strategic decisions without relying on intermediaries.

AKA Virtual

Seed Round in 2021
AKA Virtual operates as a virtual first talent agency based in Tokyo, specializing in managing, mentoring and producing virtual artists who express themselves through real-time media across platforms such as VTubing on Twitch and social media, enabling audiences to engage with entertainers who cross mediums and create a new generation of virtual stars.

Better Tomorrow Ventures

Venture Round in 2021
Better Tomorrow Ventures is a San Francisco–based fintech-focused venture capital firm that supports early-stage startups, primarily in fintech, with emphasis on pre-seed and seed rounds and on fintech-enabled SaaS and marketplace business models.

Docket

Seed Round in 2021
Docket is a centralized platform for legal teams that highlights the value of legal to the enterprise. Teams can deliver on priorities and prevent tasks from falling through the cracks thanks to Docket's dashboards, which display the status of all work in real time. It enables the user to handle ad hoc requests, automate matter intake, create and assign tasks for easy collaboration, and use Advanced search for comprehensive matter visibility.

Qwasar Silicon Valley

Seed Round in 2020
Qwasar Silicon Valley is a software engineering school and apprenticeship platform that trains backend software engineering, low-level programming, embedded engineering, and artificial intelligence and machine learning. It operates an experiential learning platform backed by automation and data to help students develop practical technical skills and pursue professional roles. The program collaborates with leading tech companies to provide real-world training and aims to expand diversity in the tech workforce.

Insured Nomads

Pre Seed Round in 2020
Insured Nomads provides comprehensive insurance solutions tailored for modern companies with global operations, remote workers, or distributed teams. Their platform offers health, medical, safety, security, and wellbeing coverage, powered by AI/ML and GPS technology. They serve clients worldwide through numerous customer service points, operating as a lean and agile enterprise with strategic partners globally.
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