Arzan Venture Capital is a Kuwaiti firm founded in late 2013 and now operating as NBT Holdings. It invests in technology companies in the region, and its Saudi portfolio includes Hala, Zid, Qoyod and TruKKer.
About Arzan VC (NBT Holdings)
Hassan Zainal founded Arzan Venture Capital in late 2013, and NBT Holdings presents itself today as its successor, running three funds and a company-building studio. Its second fund reached a first close of $20 million in 2020, with Jada, which is affiliated with the Public Investment Fund (PIF), among its investors. The first fund's investments include Careem and TruKKer, the second's include Hala, Zid and Qoyod, and the third's include Nearpay.
The domain arzan.vc is listed for sale, and arzanvc.com redirects to nbt.holdings.
What it invests in
- Stages
- Seed, Series A
- Sectors
- All sectors
- Among the fund’s investors
- Jada
From its portfolio
TruKKer
A digital platform for trucking freight that connects companies with truck owners in the Gulf and the region
- Stage
- Series C
- Raised
- $170.4M
- Founded
- 2016
- City
- Riyadh
Hala
One app for small businesses: a payment device, a business account, a card and financing
- Stage
- Series B
- Raised
- $161.5M
- Founded
- 2017
- City
- Riyadh
Zid
A Saudi commerce platform that lets a merchant run their online store, sales channels and physical branch from one dashboard.
- Stage
- Series B
- Raised
- $59M
- Founded
- 2017
- City
- Riyadh
Qoyod
Cloud accounting software for small and medium businesses, approved for e-invoicing by the Zakat, Tax and Customs Authority
- Stage
- Series A
- Raised
- $2.1M
- Founded
- 2014
- City
- Riyadh
Team
- Hasan J. ZainalFounder