Emkan Capital

Emkan Capital is an early-stage venture capital firm based in Riyadh, Saudi Arabia, with a strategic focus on investing in technology companies across the Middle East and North Africa (MENA) region. The firm is dedicated to identifying and nurturing best-of-breed startups, providing not only capital but also extensive mentorship to help them scale into global players. Emkan Capital aims to bridge the gap between promising regional startups and international opportunities, particularly with Silicon Valley investors and global corporates.

Founded in 2020, Emkan Capital launched its first fund, Emkan Capital Fund I (ECP I), in the first quarter of 2023, with a total size of $31 million. This fund is backed by a diverse group of limited partners, including the Jada Fund of Funds, a Saudi Arabian sovereign wealth fund, and Silicon Valley-based partners. The firm's philosophy extends beyond traditional investment, emphasizing end-to-end mentorship through its 'Majlis Program,' which connects entrepreneurs with top-tier international experts to tackle various aspects of company building, from venture formation to achieving unicorn status and facilitating exits.

Emkan Capital's portfolio showcases its commitment to diverse technology sectors. Notable investments include Hubpay, a licensed cross-border remittance solution; Novogenomics, a state-of-the-art genetic testing facility; and Investsky, a social commission-free stock trading platform. Other portfolio companies span mobility and logistics, such as Fenix and Trukkin, and investment platforms like Awaed. [cite: 11 from website content] The firm actively supports its portfolio companies in meaningful ways, leveraging an extensive network for later-stage investments, non-dilutive financings, and connections to global technology companies and Fortune 500 corporations for M&A opportunities.

The team at Emkan Capital comprises seasoned investors and entrepreneurs with approximately 50 years of collective experience across various markets, including Saudi Arabia, the UAE, the US, and Asia. This deep expertise allows the firm to provide invaluable insights and support to its portfolio companies, guiding them through the pitfalls of ideation to successful exits. Ghassan Aloshban serves as a General Partner, bringing extensive experience in venture capital and entrepreneurship from both Silicon Valley and the GCC. [cite: 2, 5 from previous] This blend of regional and international experience positions Emkan Capital as a crucial link for startups aiming for global reach.