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Sukna Ventures

Venture capital

Riyadh · Seed–Series A · 12 people tracked

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Investment thesis

Sukna Ventures focuses on backing digital transformation and tech-driven companies, empowering entrepreneurs with value creation across all stages of building and scaling their ventures. Operating from its Riyadh headquarters, the firm concentrates on the MENA region while combining regional impact with global reach. Its team draws on experience investing in technology companies across a range of sectors, from finance to entertainment, and leverages a global network of leaders and decision-makers that provides access to exclusive opportunities.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Series A
HQ
Riyadh, SA
Instruments
Equity
Tracked investments
4

Team · 12 people

from the firm's website & curated
Fares Bardeesi· Founding Partnerin
Waleed Alballaa· Managing Partner
Ahmed AlMadan· Venture Partner, SV Fund I
Jason Best· Venture Partner, SV Fund I
Hajar Aldosari· Associate
Marvin Liao· Investment Advisor
Rawan Al Muzaini· Executive Assistant

What they invest in

from 4 of 4 portfolio companies

SaaS ×3Enterprise Software ×2Fintech ×2AI & Machine Learning ×1Future of Work ×1HR Tech ×1Marketplaces ×1

HQs:United Arab Emirates×1Egypt×1United Kingdom×1

Investments · 4 tracked

founders shown can be your intro path

By year:2025 · 12024 · 12023 · 13 dated

Clarityonclarity.cominSep 2025✓ verified

Clarity (formerly Anecdote) builds customer experience tools with an emphasis on compliance, data privacy, and security.

AI & Machine LearningEnterprise SoftwareSaaSLondon, GB

Abed Kasaji(Co-Founder & CEO)inPavel Kochetkov(Founder)inPavel Kotchetkov(Co-Founder & CTO)

Co-investorsProsus VenturesOraseya CapitalPhaze VenturesTech Invest ComWamda CapitalHumba Ventures+6 more

Marnmarn.ioin𝕏Feb 2023 · $1M

Marn operates a platform (منصة مرن) serving customers in Saudi Arabia, with a network of service providers referred to as "المرنين".

Future of WorkHR TechMarketplacesSaaS

Co-investorsVision Ventures

MoneyHashmoneyhash.ioin𝕏

MoneyHash provides a payment orchestration platform that aggregates payment APIs, providers, and technical capabilities through a provider-agnostic cloud, letting businesses build and manage payment infrastructure.

Enterprise SoftwareFintechSaaS

Nader Abdelrazik(Founder)inAnisha Sekar(Founder)Mustafa Eid(Founder)

Co-investorsFirstCheck AfricaLoftyInc CapitalNuwa CapitalPreston-Werner VenturesTofino CapitalVentures Platform+8 more

Octadenarii.cashOct 2024 · $2.3M

Octa is a UAE-based fintech that builds accounts receivable software and payment tooling for B2B companies.

Fintech

Jon Edward SantillaninTurki AlJeaid

Co-investors500 GlobalPlus VCQuona CapitalSadu Capital

Frequently asked questions

What stage does Sukna Ventures invest at?
Sukna Ventures invests at the Seed, Series A stages.
What sectors does Sukna Ventures focus on?
Sukna Ventures focuses on AI & Machine Learning, Fintech, Media & Entertainment, SaaS.
Where is Sukna Ventures located?
Sukna Ventures is headquartered in Riyadh, SA.

Media · Podcasts & interviews

featuring the team

Does Asher Siddiqui really works at Sukna Ventures? #entrepreneur #business #startup #24six9

Crunch DUBAI · Asher Siddiqui

Marvin Liao (Diaspora Ventures), Asher Siddiqui (Sukna Ventures) and Alisher Shaykhov (UzVC)

UZCARD Accelerator · Asher Siddiqui

Images

Sukna Ventures photo

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