Venture Capital Firms in the Middle East

Amigos Venture Capital is a boutique investment firm founded in 2024, specializing in early-stage capital for the telecom and fintech sectors, particularly within connectivity and adjacent areas. Headquartered in Dubai with additional offices in Stockholm and Lusaka, the firm leverages over 100 years of combined team experience in telecom and fintech to provide not only capital but also hands-on strategic guidance and industry expertise to its portfolio companies.The firm emphasizes partnering with visionary entrepreneurs, focusing on supporting the right people rather than just the right business ideas. Amigos Venture Capital invests selectively each year, primarily at seed and early stages, aiming to build a collaborative portfolio where companies can share knowledge, exchange ideas, and collaborate to scale effectively. Their investment approach is deeply collaborative, working closely with fellow venture capitalists, academia, and industry leaders to ensure strong deal flow and robust funding rounds.Backed by long-term Swedish private investors, Amigos Venture Capital is committed to creating value beyond capital by fostering strong partnerships with entrepreneurs. Their portfolio includes innovative companies such as Telgea, Glide Identity, and Stacuity, which focus on flexible mobile plans, advanced authentication platforms, and redefining mobile connectivity respectively. The firm’s headquarters is located in the Dubai International Financial Centre (DIFC), reflecting its global ambitions and strategic positioning.

Prosperity7 Ventures is the diversified growth fund of Aramco Ventures, a subsidiary of Aramco, the world’s leading integrated energy and chemicals company. Headquartered in Dhahran, Saudi Arabia, Prosperity7 invests globally with a long-term view, supporting the development of next-generation technologies and business models that drive global transformation and prosperity. The fund’s name is inspired by the Prosperity Well, the seventh oil well drilled in Saudi Arabia and the first to strike oil, symbolizing a legacy of pioneering innovation and perseverance. With a $3 billion fund size, Prosperity7 provides venture capital, mentorship, and access to a global network of experts and partners. The firm supports startups across a wide range of industries, including DeepTech, Robotics/AI, MedTech/BioTech, Mobility, SecurityTech, FinTech, eCommerce, Cloud/Computing, and Foodtech. Prosperity7’s offices in Dhahran, Beijing, Shanghai, New York City, and San Francisco enable it to offer local knowledge, connections, and market access to its portfolio companies, helping them scale quickly and enter new markets. Prosperity7 is known for its entrepreneurial mindset, long-term partnerships, and commitment to solving some of the world’s toughest problems. The firm’s values of dependability, humility, and open-mindedness guide its approach to investing and supporting founders. By backing exceptional entrepreneurs and providing access to global markets, Prosperity7 aims to create lasting positive impact and drive innovation on a vast scale.

The Public Investment Fund (PIF) is the sovereign wealth fund of Saudi Arabia, established in 1971 to invest on behalf of the government and support strategic national projects. As one of the largest sovereign wealth funds globally, PIF plays a central role in Saudi Arabia’s Vision 2030, aiming to diversify the economy away from oil dependence and foster sustainable growth.PIF is chaired by Crown Prince Mohammed bin Salman and is headquartered in Riyadh. The fund has expanded rapidly since 2015, increasing its workforce and global reach. It invests both domestically and internationally, focusing on sectors such as technology, real estate, mining, tourism, renewable energy, and entertainment.PIF’s strategy emphasizes long-term value creation, economic transformation, and strategic partnerships. It sources funding through government capital injections, asset transfers, loans, and retained earnings. The fund is recognized for its bold investments in both public and private markets, as well as its growing influence in global finance and industry.PIF's investment focus spans various asset classes including private equity, venture capital, real estate, infrastructure, growth equity, debt financing, strategic investments, minority stakes, joint ventures, and direct investments.

Wyld VC is a Saudi Arabia-based venture capital firm founded by Tala Hasan Al-Jabri, focusing on early-stage investments in artificial intelligence (AI). The firm aims to bridge the AI talent gap in the Middle East and North Africa (MENA) region by supporting founders advancing the frontiers of AI. The firm targets investments in AI middleware and applications, sectors poised to drive transformation across industries. Wyld VC plans to invest in startups across the Middle East and the San Francisco Bay Area, fostering collaboration between Gulf nations and the U.S. With plans to open offices in the UAE and Silicon Valley, Wyld VC is strategically positioned to support "Wyld minds"—founders working at the cutting edge of AI. The firm is committed to catalyzing an AI revolution in the GCC through massive infrastructure investments, advanced research, and innovation-forward regulation.