Middle East: venture funds and startups
Geography hub · Middle East & Africa
◆ Funds tracked
7
◆ Combined AUM
$1B
◆ Startups tracked
29
◆ Raised between them
$196.3M
◆ Overview
Fusion42 tracks 7 venture funds in Middle East with $1B in combined assets under management, and 29 startups that have raised $196.3M between them. The data below is live from the same database that powers Raise and Scout, and is continuously enriched as new rounds and funds are announced.
Part of the Raise fund database and the Scout startup database by Fusion42 — the same live data Arthur reasons over.
◆ Highlights
Active funds in Middle East include Matter Venture Partners Fund II, Innovative Startups and SMEs Fund, Arāya Global Fund I, RAED Ventures and Khwarizmi Venture Capital Fund 2; startups in Middle East include Salehli, Project Suppliers, Aligator, erad and Synapse Analytics. Each name links through to a full machine-readable profile — its backers, rounds and related Wire analysis — and the tables below list every entity Fusion42 tracks in Middle East, refreshed as new rounds and funds are announced.
◆ Funds in Middle East (7 tracked)
| Fund | Type | HQ |
|---|---|---|
| Matter Venture Partners Fund II | vc | United States |
| Innovative Startups and SMEs Fund | vc | Jordan |
| Arāya Global Fund I | vc | United Kingdom |
| RAED Ventures | vc | Saudi Arabia |
| Khwarizmi Venture Capital Fund 2 | vc | Saudi Arabia |
| JITO Incubation and Innovation Foundation | vc | India |
| Speedinvest Africa Fund | vc | Austria |
◆ Startups in Middle East (29 tracked)
| Startup | Stage | HQ | Raised |
|---|---|---|---|
| Salehli | pre-seed | Syria | $0.1M |
| Project Suppliers | pre-seed | Saudi Arabia | $1M |
| Aligator | seed | Qatar | $1.2M |
| erad | series-a | Saudi Arabia | $22M |
| Synapse Analytics | series-a | UAE | $13M |
| Dialflo | seed | India | $0.2M |
| Charikaty | pre-seed | Morocco | $3.5M |
| Zeal | — | Egypt | $10M |
| Keep Converting | pre-seed | United States | $2M |
| Rwaj | pre-seed | Saudi Arabia | $1.2M |
| Sirdab | series-a | Saudi Arabia | $10M |
| Abwab.ai | seed | Saudi Arabia | $4M |
| Rime | seed | Saudi Arabia | $2M |
| Raff | pre-seed | Saudi Arabia | $1.7M |
| BOOKR Kids | series-a | Hungary | $6.7M |
| Cobi | pre-seed | UAE | $1M |
| Fin.com | seed | United States | $20M |
| Arab Therapy | seed | Germany | $2M |
| Tiger Technology | series-a | Bulgaria | $10M |
| Fincart | seed | Egypt | $2.8M |
| Greenjets | series-a | United Kingdom | $40M |
| Think | pre-seed | Saudi Arabia | $8M |
| Azraq | pre-seed | UAE | — |
| Polysense | seed | Belgium | $10.7M |
| MyKare.ai | series-a | India | $3.2M |
◆ Recent Wire analysis
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