Fundraising FoxPhoenician VC
Venture capitalAbu Dhabi · Pre-Seed–Series A · 6 people tracked
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Investment thesis
Phoenician VC positions itself as an innovation venture partner focused on transforming radical ideas into successful companies. The firm invests in innovative ventures through its Phoenician Fund I and its parent company More Capital, while also offering venture and transaction advisory services such as buy-side and sell-side support and commercial due diligence. It aims to advance investor capabilities, uncover investment and partnership opportunities, and support innovative ventures across a complex regional and global landscape. Sectors referenced in its advisory work include renewable energy, eco-friendly industrial F&B packaging, and fintech payment/wallet solutions.
Source: firm website, verified Aug 3, 2026.
Team · 6 people
from the firm's website
What they invest in
from 16 of 18 portfolio companiesFintech ×6SaaS ×6Consumer ×5AI & Machine Learning ×4Enterprise Software ×4Marketplaces ×3Data & Infrastructure ×2EdTech ×2
HQs:United Arab Emirates×4Lebanon×4Egypt×1United Kingdom×1
Who they back
founder profiles across 10 portfolio companiesFounding team size:solo founder×42 founders×23 founders×34+ founders×1
Where their founders studiedfrom 13 founders with education data
McGill University ×3University of Oxford ×3American University of Beirut ×2
What their founders studiedfrom 11 founders with field-of-study data
Engineering ×4Business & Management ×3Economics ×3Finance & Accounting ×2
Where their founders worked beforefrom 13 founders with career history
Oliver Wyman ×2
Investments · 18 tracked
founders shown can be your intro path
Bluering provides no-code, white-label digital lending solutions designed for banks and lending institutions to modernize loan processing, management, and risk assessment.
Enterprise SoftwareFintechSaaSBeirut, LB
Fares(Founder and CEO)Mazen(Chief Operating Officer)Ali(Director of Products & Technology)
Derq develops AI-powered intelligent transportation systems for road safety and smart cities, working with government agencies and transportation authorities.
AI & Machine LearningData & InfrastructureGovTechIoTMobility & TransportationDubai, AE
Dr. Georges Aoude(Co-founder and CEO)inKarl Jeanbart(Co-founder and COO)inAmer Abufadel(Co-founder, Founding CTO, and Sr. Advisor)in
Co-investorsDoon CapitalPresightTechstarsWamda CapitalPropeller Inc.
eddress is an all-in-one e-commerce and delivery platform that enables grocery stores, restaurants, retail shops, and other SMEs to launch and operate online businesses.
E-commerceMarketplacesSaaS
Karim El Khoury(Founder)in
FLY-FOOT arranges match ticket bookings for sports fans, bundling guaranteed tickets, seating with companions, flights, hotels, and city activities.
MarketplacesSports TechTravel & Hospitality
Rayan Ismail(Founder)in
Co-investorsBY Venture Partners
Go Rise provides financial services to migrants, enabling them to maintain control over their income and remittances to families.
ConsumerFintechPropTech
Milind SinghinPadmini Guptain
Co-investors500 Global
Money Fellows operates a digital platform offering money circles (ROSCAs), where users join a monthly circle and receive a lump-sum payout on a chosen turn, including a debt repayment circle to clear debts in one payment without added interest.
ConsumerFintech
Ahmed Wadi(Founder)inAdham Badr
Co-investors4DX Ventures500 GlobalArzan VCCommerzVenturesDubai Angel InvestorsInvenfin+5 more
NymCard is a regulated payments infrastructure company offering an API-driven platform for card issuing, money movement, settlement, reconciliation, lending, and financial crime prevention.
Data & InfrastructureEnterprise SoftwareFintechSaaS
Omar Onsi(Founder)inOmar Onsi to modernize(Founder)
Co-investorsBY Venture PartnersFJ LabsOraseya CapitalQED InvestorsReciprocal VenturesShorooq Partners+1 more
Identity verification technology using photo-based ID documents, selfies, and AI.
London
Husayn Kassai(Founder)inRuhul Amin(Founder)inRuhul Amin OBE(Founder)inEamon Jubbawy(Founder)Lila Tretikov(Director)David Clarke(Executive Officer, Director)
Co-investorsAcequia Capital (AceCap)AfterWork VenturesAugmentum FintechBY Venture PartnersFin CapitalForgePoint Capital+9 more
Ostaz, based in Lebanon, runs a mobile tutoring platform that matches students with private tutors for specific subjects.
EdTech
Audrey NakadSibylle NakadZeina Sultaniin
Co-investors500 GlobalDubai Angel Investors
Sarwa is an investment and personal finance platform that uses technology to lower costs and offer products such as automated investing and a high-yield cash account.
ConsumerFintech
Mark Chahwan(Founder)inJad Sayegh(Founder)Nadine Mezher(Founder)
Co-investors500 GlobalSalica InvestmentsShorooq PartnersVision VenturesHALA VenturesMiddle East Venture Partners (MEVP)+1 more
Seez builds a suite of AI products for the car retail and automotive industry, including AI assistants and agents that manage dealership workflows from lead generation and sales to aftersales and service bookings.
AI & Machine LearningRetail TechSaaS
Co-investorsBY Venture PartnersNuwa CapitalWamda Capital
Servme provides software for hospitality operators across the Middle East and North Africa, helping them bridge the gap between guest expectations and operational delivery.
Enterprise SoftwareFoodTechMarketing TechSaaS
Co-investorsBY Venture Partners
Toters is an on-demand delivery platform that connects customers with partner stores to deliver goods directly to their doorstep across multiple cities.
ConsumerLogistics & Supply ChainMarketplaces
Co-investorsBY Venture PartnersCaruso Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Riskplussolutions
Frequently asked questions
- How many investments has Phoenician VC made?
- Phoenician VC has 18 tracked investments, 1 of which have exited.
- What stage does Phoenician VC invest at?
- Phoenician VC invests at the Pre-Seed, Seed, Series A stages.
- What sectors does Phoenician VC focus on?
- Phoenician VC focuses on Cleantech, Energy, Fintech, SaaS.
- Where is Phoenician VC located?
- Phoenician VC is headquartered in Abu Dhabi, AE.
- Who does Phoenician VC co-invest with?
- Phoenician VC most often shares deals with BY Venture Partners, 500 Global, Shorooq Partners, among 34 tracked co-investors.
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