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

Past deals in Iceland

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.
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