Fundraising Fox
EQ2 Ventures
Venture capitalDubai · Seed–Series A · 10 people tracked
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Investment thesis
EQ2 Ventures backs exceptional founders at Seed to Series A stages in emerging markets, primarily across the Middle East and Africa, targeting global opportunities. As an evergreen venture holding, it emphasizes long-term alignment with founders rather than fixed fund timelines, and can invest up to $3M in follow-on rounds. The firm applies an ecosystem approach that fosters synergies among portfolio companies, and pairs data-driven analysis with governance and emotional intelligence to build sustainable value. Preferred verticals include ad-tech, e-commerce, marketplaces, ed-tech, fin-tech, and AI-powered SaaS. Investment decisions are screened by an independent Investment Committee composed of operators, founders, and investors.
Source: firm website, verified Sep 26, 2026.
Team · 10 people
from the firm's website & curated
What they invest in
from 30 of 37 portfolio companiesSaaS ×12E-commerce ×11Consumer ×10Media & Entertainment ×7AI & Machine Learning ×6Marketplaces ×5AdTech ×4Enterprise Software ×4
HQs:United Arab Emirates×9Kenya×2Saudi Arabia×2Côte d’Ivoire×1Egypt×1India×1
Who they back
founder profiles across 17 portfolio companiesFounding team size:solo founder×62 founders×63 founders×34+ founders×2
Where their founders studiedfrom 13 founders with education data
INSEAD ×2
What their founders studiedfrom 13 founders with field-of-study data
Business & Management ×8Finance & Accounting ×5Economics ×3Computer Science ×2
Accelerator rootsportfolio companies that came through a program
Investments · 37 tracked
founders shown can be your intro pathBy year:2025 · 12024 · 22021 · 14 dated
ArabyAds is an adtech company founded in 2013 that provides data-driven advertising and marketing technology, including influencer marketing, programmatic advertising, app discovery and monetization, and retail media solutions for advertisers.
AdTechE-commerceMarketing TechSaaSDubai, AE
Mohammad Khartabil(Founder)in
Co-investorsAfricInvest
Afrilens Tech manufactures advanced prescription ophthalmic lenses in Kenya through an in-house production facility, serving opticians, retail chains, hospitals, clinics, and distributors across East and Central Africa.
Advanced ManufacturingHardwareHealthtechMedical DevicesNairobi, KE
Vincent Demassiet(Founder & CEO)inMichael Makonnen(Founder & COO)Salahaldeen Ahmed(Founder & Director)
Co-investorsTech Invest Com
Ankit Jindal(Founder)George Issaias(Founder)Lamusia Anzaya(Founder)Nelson Aseka(Founder)
Co-investorsAntlerAntler AustraliaOui Capital
Balio acquires SaaS software companies from founders, positioning itself as a founder-first alternative to venture capital and private equity with an 8-10 week close time.
Enterprise SoftwareSaaS
Esther Howard(Co-founder & CEO)
Co-investorsEastward Capital PartnersFEBE Ventures
Campaign Middle East is a media publisher covering the marketing, advertising, PR, and creative industries in the MENA region, produced by Dubai-based publisher Motivate with 50 years of industry expertise.
Marketing TechMedia & EntertainmentDubai, AE
CarSwitch is an online platform for buying and selling used cars in the UAE, handling test drives, valuation, inspections, ownership transfer, insurance, and car loan approvals.
ConsumerE-commerceMarketplacesMobility & TransportationDubai, AE
Imad Hammad(Founder)in
Co-investors500 GlobalBY Venture PartnersDubai Angel Investors
Coraly is an AI-powered platform that helps real estate agencies create and manage property listings at scale, automatically qualify leads, and standardize marketing across teams.
AI & Machine LearningLegalTechPropTechSaaSDubai, AE
Fouad Bekkar(Founder & CEO)Stuart Chapley
Co-investorsSalica Investments
Empower Africa publishes content focused on business, investment, and technology developments across Africa, including topics such as AI, digital payments, and the AfCFTA trade framework.
Media & Entertainment
Eyewa is an online eyewear retailer selling contact lenses, sunglasses, and glasses, with a click-and-collect option across 260+ stores.
ConsumerDirect to ConsumerE-commerceRetail Tech
Mehdi Oudghiri(Founder)inAnass Boumediene(Founder)
Co-investors500 GlobalGeneral AtlanticKhwarizmi VenturesNuwa CapitalWamda CapitalFrench Partners
Feel22 is an e-commerce platform specializing in beauty products in Lebanon, offering a curated selection of beauty items and customer service.
ConsumerDirect to ConsumerE-commerceBeirut, LB
Flowcart provides AI agents and an in-chat checkout that let e-commerce shoppers browse, add to cart, and pay entirely within WhatsApp, plus tools for cart recovery, winback, upsells, loyalty, and broadcasts.
AI & Machine LearningE-commerceSaaS
Ananth Gudipati(Founder)in
Co-investorsAccionNairobi Business Angel Network
Fresha is a booking platform and business management software for salons, barbershops, medspas, and wellness studios, letting consumers discover and book beauty and self-care appointments while providing businesses with online booking, payments, reminders, and consultation forms.
MarketplacesSaaSWellness & Fitness
William Zeqiri(Founder)inNick Miller(Founder)in
Co-investorsBECO CapitalCOTU VenturesFJ LabsMiddle East Venture Partners (MEVP)Partech VenturesTarget Global+1 more
Geeks provides IT support services, managed infrastructure, cloud solutions, and cybersecurity services to small and medium-sized businesses and individuals across the Middle East.
Cloud ComputingConsumerCybersecurityEnterprise SoftwareSaaSDubai, AE
Co-investorsOraseya CapitalVentureSouqVision VenturesPropeller Inc.Wamda Capital
Golden Scent is an online retailer of perfumes, cosmetics, skincare, haircare, home fragrance, and personal care products from a wide range of international and Arabic brands.
ConsumerE-commerceRetail Tech
Co-investorsRAED VenturesSTVWamda Capital
Hala is a Saudi fintech platform that provides small and medium-sized businesses with digital tools to accept payments, manage cash flow, and track sales performance.
Enterprise SoftwareFintechRetail TechSaaS
عصام النهدي(شريك مؤسس ورئيس مجلس الإدارة)ماهر لوبيه(شريك مؤسس وعضو مجلس الإدارة)Esam Alnahdi(Founder)Maher Loubieh(Founder)
Co-investorsArzan VCavraKhwarizmi VenturesMiddle East Venture Partners (MEVP)RAED VenturesWamda Capital+8 more
A personal blog about cars, travel, and driving in the UAE, featuring articles on off-roading, real estate, car insurance, and traffic fines in Dubai and Abu Dhabi.
Media & Entertainment
Co-investorsAll In CapitalRecur Club
Homzmart is an online marketplace for home furniture and furnishings, selling sofas, dining sets, bedroom furniture, kids' furniture, home appliances, lighting, and decor to consumers in Egypt.
ConsumerE-commerceMarketplacesPropTech
Mahmud IbrahimMahmoud Ibrahim(Founder)inRamy E. HusseininIbrahim Mohamed(Founder)
Co-investors500 GlobalMSA NovoNuwa CapitalOutliers VCImpact46MSA Capital+3 more
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Invygo operates a car subscription and ownership platform in the Middle East, offering monthly rentals, weekly/daily short-term plans, and a 36-month subscribe-to-own model for car ownership without traditional bank financing.
B2B MarketplacesFintechMobility & TransportationDubai, AE
Eslam Ahmed HusseininPulkit Ganjoo
Co-investors500 GlobalAB Ventures (Arab Bank)Amaana CapitalMiddle East Venture Partners (MEVP)STVClass 5 Global+3 more
Julaya offers a professional account and platform for African businesses and public institutions to manage their finances, enabling transfers to mobile money, mobile banking and bank accounts, instant bill payments, and cash collection via mobile money networks.
FintechSaaSAbidjan, CI
Mathias Léopoldie(Founder)inCharles Talbot(Founder)
Co-investors50 PartnersSaviu VenturesVKAV (Verod-Kepple Africa Ventures)Speedinvest
Pan-African eyewear brand expanding access to affordable eye care across 10 countries with 134+ stores.
Co-investorsAsia Africa Investment & Consulting (AAIC)Beyond Capital VenturesSaviu VenturesAAICAfricInvestFINCA Ventures+1 more
Magnitt, based in the United Arab Emirates, operates a subscription financial data platform covering startups and investment activity.
Data & Infrastructure
Philip BahoshyinDana Aljawderin
Co-investors500 GlobalHALA VenturesMerak CapitalFinancial Horizon GroupKISP Ventures
Mawdoo3 is an Arabic-language content platform and publisher providing credible articles, specialized information, and AI-powered writing tools to Arabic speakers.
AdTechAI & Machine LearningConsumerMedia & EntertainmentAmman, JO
Rami Qawasmi(Co-founder)Mohammad Jaber(Co-founder)
Co-investorsEndeavor CatalystEndure Capital
Needle is an AI-powered marketing solution designed to help smaller brands compete with larger enterprises by providing agency-quality services at accessible pricing.
AdTechAI & Machine LearningMarketing TechSaaSLos Angeles, US
Jeannie (Ngoc) Nguyen(Founder)in
Co-investorsAlpha Startups Pre-AcceleratorEthos FundITERATIVERembrandt Venture PartnersShasta Ventures
Speero is a platform that enables users to request pricing for spare parts, receive multiple quotes, communicate with specialists, and have parts delivered throughout Saudi Arabia.
B2B MarketplacesConsumerE-commerceMarketplacesMobility & TransportationSaaSRiyadh, SA
Abadullh Bin ShamlanAbdulaziz AlAshraminAmeen MahfouzAmin Mahfouzin
Co-investors500 GlobalNuwa CapitalImpact46JIMCO
Step runs technology and startup events using a host partner model that lets local hosts bring the conference to their cities, and publishes a weekly newsletter and an audio channel covering tech, business, and economy topics.
Media & Entertainment
Co-investorsDreamers VCGeneral CatalystNorth Base MediaOraseya CapitalWamda Capital
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Flowcart (Sukhiba) offers an AI-powered WhatsApp commerce platform that lets shoppers browse, receive personalized product recommendations, add to cart, and pay entirely within WhatsApp, with agents for cart recovery, upsell, winback, reviews, loyalty, and broadcasts.
AI & Machine LearningE-commerceSaaS
Abhinav Reddy(Founder)inAbhinav Solipuram(Founder)Ananth Gudipati(Founder)Ananth Raj(Founder)
Co-investorsAntlerCRE Venture CapitalNairobi Business Angel NetworkQuona CapitalChandaria CapitalGoodwater Capital+1 more
Anthropic is an AI company developing Claude, a large language model, and is building custom chips in-house to improve performance and efficiency of its AI models for customers.
AI & Machine LearningCloud ComputingDeep TechEnterprise SoftwareMedia & EntertainmentQuantum ComputingSemiconductorsTokyo, JP
Kan Takase(Representative Director and CEO)Dario AmodeiDaniela AmodeiMansour Al Ketbi(Chief Information Officer)
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AI powered global talent mobility platform
Co-investorsF-LOG VenturesLeo Capital VenturesPresight CapitalRTP GlobalSeedToBXPRESS Ventures+3 more
The Luxury Closet is an online marketplace for buying and selling pre-owned luxury goods, including designer handbags, watches, fine jewelry, clothing, shoes, and accessories from brands such as Chanel, Louis Vuitton, Hermes, and Rolex.
Circular EconomyE-commerceMarketplaces
Co-investorsArzan VCCedar Mundi VenturesTech Invest ComWamda Capital
Uncover is a skincare brand offering barrier-first, dermatologist-tested products that combine K-Beauty ingredients with African botanicals, formulated for melanated skin.
ConsumerDirect to ConsumerE-commerceWellness & FitnessNairobi, KE
Jade Oyateru(Founder)inCatherine Lee(Founder)Daniel Guinezi(Founder)Matheus Guinezi(Founder)Sneha Mehta(Founder)
Co-investorsAntlerChui VenturesFirstCheck AfricaFuture AfricaigniteXL VentureNairobi Business Angel Network+3 more
Uncover operates a chain of dermatologist-led clinics in Delhi NCR offering skin, hair, and body treatments such as laser hair removal, hair transplants, facials, and weight-loss programs.
Digital HealthHealthtechWellness & FitnessGurgaon, IN
Naveen Nishchal(Co-Founder)inSaurabh Kochhar(Founder & CEO)in
Co-investorsAlkemi Growth CapitalPICUS CAPITALABSeed VenturesChui VenturesCloud9 CapitaligniteXL Venture
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AbwaabCashiDesigner-24
Portfolio news
latest coverage across their companies
Magnitt · enterpriseam.com · Aug 30, 2026
TERN · thesaasnews.com · Sep 16, 2025
Hala · finsmes.com · Sep 15, 2025
Frequently asked questions
- How many investments has EQ2 Ventures made?
- EQ2 Ventures has 37 tracked investments, including 1 dated in the last 24 months.
- What stage does EQ2 Ventures invest at?
- EQ2 Ventures invests at the Seed, Series A stages.
- What is EQ2 Ventures's typical check size?
- EQ2 Ventures typically writes checks of $3M.
- What sectors does EQ2 Ventures focus on?
- EQ2 Ventures focuses on AdTech, AI & Machine Learning, E-commerce, EdTech, Fintech, Marketplaces, Retail Tech, SaaS.
- Where is EQ2 Ventures located?
- EQ2 Ventures is headquartered in Dubai, AE.
- Does EQ2 Ventures lead rounds?
- Yes, EQ2 Ventures leads investment rounds.
- Who does EQ2 Ventures co-invest with?
- EQ2 Ventures most often shares deals with 500 Global, Wamda Capital, Nuwa Capital, among 60 tracked co-investors.
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