Fundraising Fox
Khwarizmi Ventures
Venture capitalRiyadh · Seed–Series A · 13 people tracked
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Investment thesis
Khwarizmi Ventures positions itself as a partner of choice for entrepreneurs seeking to become regional and global champions. The firm invests across the GCC region, backing companies from the seed to Series A stages on a sector-agnostic basis. It emphasizes the lasting impact of its portfolio, citing outcomes such as thousands of full-time jobs created and hundreds of thousands of users benefiting from improved financial health and healthier lifestyles.
Source: firm website, verified Aug 3, 2026.
Team · 13 people
from the firm's website
Founder mafia
2 people who came through Khwarizmi Ventures went on to found or lead other companies.
What they invest in
from 31 of 37 portfolio companiesFintech ×16SaaS ×11Consumer ×10Retail Tech ×8E-commerce ×6Enterprise Software ×6B2B Marketplaces ×5AI & Machine Learning ×4
HQs:Saudi Arabia×14United Arab Emirates×6Egypt×3Morocco×2Bahrain×1Pakistan×1
Who they back
founder profiles across 12 portfolio companiesFounding team size:solo founder×12 founders×43 founders×24+ founders×5
Where their founders studiedfrom 18 founders with education data
Lahore University of Management Sciences ×2University of Bath ×2
What their founders studiedfrom 18 founders with field-of-study data
Business & Management ×5Computer Science ×5Engineering ×4Economics ×3Finance & Accounting ×3
Where their founders worked beforefrom 19 founders with career history
PwC ×3Andreessen Horowitz ×2Hacktech ×2Kleiner Perkins ×2
Accelerator rootsportfolio companies that came through a program
Investments · 37 tracked
founders shown can be your intro pathBy year:2025 · 22024 · 22022 · 12011 · 16 dated
Aajil purchases the materials a business needs and pays the supplier directly, then lets the business repay over a flexible term of two to twelve months.
B2B MarketplacesFintech
Abdulla Sheikh(Founder)inRahat Dewan(Founder)in
Co-investorsJoa CapitalRAED VenturesSTV
Xoilac Live (Xôi Lạc TV) is a Vietnamese-language website offering free live streaming of football matches in Full HD with Vietnamese commentary, covering leagues such as the Premier League, La Liga, Serie A, Ligue 1, Champions League and V-League.
ConsumerMedia & Entertainment
Khaldoon Bushnaq(Founder)inTrần Đức Thiện(CEO)
Co-investorsAnnex InvestmentsJoa CapitalOryx FundWamda CapitalS3 VenturesSalica Investments
Aya is an e-commerce platform that sells abayas and related modest fashion items for women, primarily serving customers in the Middle East.
ConsumerDirect to ConsumerE-commerceMarketplacesRiyadh, SA
Co-investorsJoa CapitalRAED VenturesMicrotractionNuwa CapitalSanabil InvestmentsSavannah Fund
Bluworks provides HR and workforce operations software designed for businesses with dynamic, shift-based work across multiple locations.
Enterprise SoftwareFuture of WorkHR TechSaaSCairo, EG
HusseinFarah
Co-investorsA15Acasia VenturesCairo Angels Syndicate FundEnza CapitalBeltone Venture CapitalCamel Ventures
Cairo, EG
Mohamed Ezzat(Founder)Ahmed Gaber(Founder)in
Co-investors4DX VenturesSilicon Badia
Calo is a meal subscription service that delivers fresh, ready-to-eat meals personalized to customers' dietary goals, designed by nutritionists and prepared by chefs with daily delivery and menu customization via an app.
ConsumerDirect to ConsumerFoodTechMedia & Entertainment
Ahmed Al Rawi(Founder)Mahmood ShehabiMoayed Almoayed(Founder)
Co-investors500 GlobalNuwa CapitalOraseya CapitalVision VenturesNama VenturesSTV
Chari is a fintech app available in Morocco that provides mobile money services including phone recharges, bill payments, peer-to-peer transfers, and Visa card issuance.
ConsumerE-commerceFintechFoodTechCasablanca, MA
Ismael Belkhayat(Founder)inSophia Alj(Founder)inSophia Belkhayat(Founder)
Co-investorsReflect VenturesSPE Capital PartnersStonewater VenturesUM6P VenturesVKAV (Verod-Kepple Africa Ventures)Y Combinator+4 more
Chari is a mobile financial services app for Moroccan users that combines digital wallet, Visa card, money transfers, bill payments, phone top-ups, and cash deposit/withdrawal services.
FintechCasablanca, MA
Co-investorsP1 VenturesVentekVKAV (Verod-Kepple Africa Ventures)
Dastgyr operates a B2B marketplace connecting retailers, wholesalers, exporters, and suppliers to trade products and access capital.
B2B MarketplacesE-commerceFintechRetail TechKarachi, PK
Muhammad Owais Qureshi(Founder)inZohaib Ali(Founder)inMuhammad Qureshi(Founder)Zohaib Ali Malik(Founder)
Co-investorsADB VenturesCedar Mundi VenturesCentury Oak VenturesIndus Valley CapitalKube VCOrbit Startups+5 more
erad supplies capital to startups across the Middle East without requiring equity stakes, offering funding decisions based on business data integrations within two days.
FintechRiyadh, SA
Salem Abu-Hammour(Founder)inYoussef Said(Founder)inFaris Yaghmour(Founder)inAbdulmalik Almeheini(Founder)Salem Abou-Hammour(Founder)Marah Ahmad(People)
Co-investors500 GlobalFlucas VenturesJoa CapitalKube VCNuwa CapitalOraseya Capital+8 more
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 GlobalEQ2 VenturesGeneral AtlanticNuwa CapitalWamda CapitalFrench Partners
The page is an affiliate-style review of "Pin Up Casino," an offshore online gambling platform offering casino games, live dealer tables, crash titles like Aviator, and sports betting, targeted at Indian players.
Co-investorsArzan VCCedar Mundi VenturesEgypt VenturesSawari Ventures
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 VCavraMiddle East Venture Partners (MEVP)RAED VenturesWamda CapitalAll In Capital+8 more
Riyadh, SA
Omar Salah(Founder)Ahmed Wageeh(Founder)Ahmed Wagueeh(Founder)Fatima El Shenawy(Founder)Fatma El Shenawy(Founder)Fatmah El Shenawy(Founder)
Co-investorsAccionQuona CapitalShorooq PartnersSilver Lake PartnersTIBAS VenturesAccion Venture Lab+2 more
Lean is a payments and financial data platform that enables businesses in the MENA region to process payments, verify identities, and access customer financial data through a fully regulated, API-first infrastructure.
Cloud ComputingFintechSaaSDubai, AE
Hisham Al-Falih(Founder)inAditya Sarkar(Founder)Ashu Gupta(Founder)
Co-investors500 GlobalArbor VenturesavraBreyer CapitalFatima Gobi VenturesGeneral Catalyst+9 more
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A financial management platform that consolidates bank accounts and tracks expenses using intelligent transaction categorization and open banking integration.
ConsumerFintechSaaS
Faisal Alqarni(Founder)inAli AlorainyinAli Aloraini(Founder)Ali Alorainy Faisal Alqarni(Founder)
Co-investorsVentureSouqDerayah FinancialImpact46
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Maqsam provides a cloud-based contact center platform for small and medium businesses, enabling customer communication through voice and WhatsApp channels with features like IVR, call recording, and real-time analytics.
AI & Machine LearningCloud ComputingEnterprise SoftwareSaaSSales Tech
Co-investorsVentureSouqIbtikar FundPropeller Inc.
Melltoo operates a blockchain-based platform for halal takaful, a cooperative insurance model structured to comply with Islamic finance principles.
Crypto & Web3FintechInsurTech
Morad IrsaneSharene Leein
Co-investors500 GlobalRAED VenturesShorooq Partners
Own (عون) provides online calculators for real estate and personal financing in Saudi Arabia, helping users compare banks and find suitable financing rates.
FintechPropTech
Co-investorsShorooq Partners
Pylon provides a comprehensive infrastructure management platform for water and electricity utilities that enables smart metering, reduces energy and water waste, and facilitates meter-agnostic interoperability.
Data & InfrastructureEnergyEnterprise SoftwareIoTSaaSCairo, EG
Ahmed Ashour(Founder)inOmar Radi(Founder)inAdvith Chelikani(Founder)inMarty Kausas(Founder)inRobert Eng(Founder)in
Co-investorsLoftyInc CapitalY CombinatorLeap Forward VenturesNeer Venture PartnersAgrolimen VenturesBain Capital Ventures+9 more
Qawafel is a Saudi B2B platform that connects suppliers, manufacturers, and wholesale and retail traders in a single system for buying and selling, with tools for order management, ZATCA-compliant e-invoicing, shipping, product catalog management, and analytics.
B2B MarketplacesFintechRetail Tech
RemotePass provides a platform for remote professionals to receive payments in 90+ currencies, manage expenses, generate automated invoices, and access benefits like health insurance and tax management.
FintechFuture of WorkHR TechSaaS
Kamal Reggad(Founder)in
Co-investorsA15COTU VenturesEBRD Venture Capital Investment ProgrammeFlyer One VenturesOraseya CapitalWamda Capital+6 more
Rewaa is a Saudi retail management platform that combines point-of-sale, inventory, and accounting tools for merchants, restaurants, and service providers.
FintechRetail TechSaaS
Abdullah Aljadhai(Founder)Mohammed Alqasir(Founder)Mohammed Alqasir Abdullah Aljadhai(Founder)
Co-investorsSadu CapitalVision Ventures
Xare offers a mobile app that lets users create and share virtual cards funded by their existing credit or debit card, so recipients can spend without needing a bank account or the card owner's details.
ConsumerFintech
Co-investorsMS&AD Ventures
Ahmed Al-Hakbani(Founder)Ahmed Alhakbani(Founder)
Co-investorsMiddle East Venture Partners (MEVP)QED InvestorsRAED VenturesTech Invest Com
Tamara offers a buy-now-pay-later payment service that lets shoppers split purchases and pay via monthly statements, and provides a premium membership called Tamara Smart with cashback and fee benefits.
ConsumerE-commerceFintechRetail TechRiyadh, SA
Turki Bin Zarah(Founder)inAbdulmajeed Alsukhan(Founder)Abdulmohsen Al Babtain(Founder)Abdulmohsen Albabtain(Founder)
Co-investorsCoatue ManagementShorooq PartnersTech Invest ComVision VenturesApolloGoldman Sachs+4 more
TruKKer operates an AI-powered freight platform that connects shippers with verified carriers and fleet owners, offering truck capacity, real-time shipment tracking, and competitive pricing.
AI & Machine LearningB2B MarketplacesLogistics & Supply Chain
Gaurav Biswas(Founder)inPradeep M
Co-investors12X VC500 GlobalAlexander Geza Marcus PejacsevichArzan VCCedar Mundi VenturesFox Ventures+12 more
TruKKer is an AI-powered freight platform that connects shippers with verified carriers for domestic and cross-border trucking, offering guaranteed truck availability, real-time shipment tracking, and faster carrier payouts.
AI & Machine LearningB2B MarketplacesLogistics & Supply Chain
Co-investorsSTV
Sifi is a comprehensive financial management platform designed to simplify business expense management for Saudi Arabian companies, offering features such as spending controls, real-time transaction monitoring, vendor payments automation, and a rewards program that generates cashback on corporate expenditures.
Enterprise SoftwareFintechSaaSالرياض, SA
Boardمعالي الأستاذ/ أحمد بن عبدالعزيز الحقباني(الرئيس التنفيذي ونائب رئيس مجلس الإدارة)
Co-investorsBreyer CapitalQED InvestorsTech Invest ComRAED VenturesRua Growth FundSanabil Investments+1 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AediloJyad
Portfolio news
latest coverage across their companiesساي فاي · sifi.app · Feb 9, 2026
Bluworks · thesaasnews.com · Nov 25, 2025
Tamara · fintech.global · Sep 16, 2025
Hala · finsmes.com · Sep 15, 2025
Frequently asked questions
- How many investments has Khwarizmi Ventures made?
- Khwarizmi Ventures has 37 tracked investments, including 2 dated in the last 24 months.
- What stage does Khwarizmi Ventures invest at?
- Khwarizmi Ventures invests at the Seed, Series A stages.
- What sectors does Khwarizmi Ventures focus on?
- Khwarizmi Ventures focuses on E-commerce, Fintech, SaaS, Sector Agnostic.
- Where is Khwarizmi Ventures located?
- Khwarizmi Ventures is headquartered in Riyadh, SA.
- Does Khwarizmi Ventures lead rounds?
- Khwarizmi Ventures typically participates in rounds rather than leading them.
- Who does Khwarizmi Ventures co-invest with?
- Khwarizmi Ventures most often shares deals with 500 Global, RAED Ventures, Shorooq Partners, among 59 tracked co-investors.
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