Phoenician VC
Venture capitalAbu Dhabi · Pre-Seed–Series A · 6 people tracked
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 15 of 18 portfolio companiesSaaS ×6Fintech ×5Consumer ×4AI & Machine Learning ×3Marketplaces ×3Data & Infrastructure ×2EdTech ×2Enterprise Software ×2
HQs:United Arab Emirates×2Lebanon×2Egypt×1United Kingdom×1
Investments · 18 tracked
founders shown can be your intro path
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.
FLY-FOOT arranges match ticket bookings for sports fans, bundling guaranteed tickets, seating with companions, flights, hotels, and city activities.
MarketplacesSports TechTravel & Hospitality
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 SinghPadmini Gupta
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 GlobalCommerzVenturesDubai Angel InvestorsInvenfinMiddle East Venture Partners (MEVP)+2 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)in
Co-investorsBY Venture PartnersQED InvestorsReciprocal VenturesShorooq PartnersVentureSouq
London
Co-investorsAcequia Capital (AceCap)AfterWork VenturesAugmentum FintechBY Venture PartnersCrunchFundFin Capital+7 more
Ostaz, based in Lebanon, runs a mobile tutoring platform that matches students with private tutors for specific subjects.
EdTech
Audrey NakadSibylle NakadZeina Sultani
Co-investors500 GlobalDubai Angel Investors
Sarwa is a personal finance platform offering trading, investing, and high-yield cash/savings accounts to retail investors in the UAE and wider MENA region.
ConsumerFintech
Mark Chahwan(Founder)in
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 is a guest management platform for restaurants that builds a profile of each guest across visits, capturing preferences, allergies, occasions, and history for the service team.
FoodTechMarketing TechSaaS
Co-investorsBY Venture Partners
Toters is an on-demand delivery app that lets consumers order from local restaurants and stores — including coffee, groceries, and electronics — with card or cash payment and real-time order tracking.
ConsumerLogistics & Supply ChainMarketplaces
Co-investorsBY Venture PartnersCaruso Ventures
Frequently asked questions
- How many investments has Phoenician VC made?
- Phoenician VC has 18 tracked investments.
- What stage does Phoenician VC invest at?
- Phoenician VC invests at the Pre-Seed, Seed, Series A stages.
- What is Phoenician VC's typical check size?
- Phoenician VC typically writes checks of $50K – $8.4M.
- 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 30 tracked co-investors.
Similar investors
.jpeg){kind=logo}
B Capital is a global investment firm backing early to late-stage technology innovators across technology, healthcare, and energy & resilience sectors.
Forward Venture Capital is an early-stage, sector-agnostic investor focused on opportunities that positively impact people's lives, such as renewable energy and medical solutions, and helps commercialise innovative ideas.
Stout Street Capital is an early-stage venture firm run by former startup founders that invests in post-product, post-revenue technology startups and hosts the UNMET conferences to help founders raise capital.
Virta Ventures is an early-stage venture capital firm backing founders building companies that make physical industries more profitable, efficient, and resilient.
Fundamental Ventures is an early-stage venture firm that backs founders removing fundamental constraints holding back human progress, spanning hard tech, deep science, and network/workflow innovations.