Numu Ventures is a Saudi venture fund that invests at the pre-seed and seed stages in technology companies in Saudi Arabia and the Middle East. It managed a first fund of $32 million, and its portfolio includes Tamara, Calo and Salla.
About Nama Ventures
The fund is led by its founder and managing partner Mohammed Alzoubi, and chaired by Prince Sultan bin Fahd bin Salman. It invests in founding teams and does not back companies with a single founder. In May 2025 it received Capital Market Authority approval to begin investment management business in the Kingdom, after moving its regulatory base to the Kingdom, alongside the Cayman Islands. It plans to launch new funds, including Shariah-compliant instruments.
Licensed by the Capital Market Authority for investment management since May 2025. The founding year differs between sources (2018 to 2020); the one given here follows Forbes Middle East.
What it invests in
- Stages
- Pre-seed, Seed
- Sectors
- All sectors
- Fund size (Nama Fund I)
- $32M (2024) Source
From its portfolio
Tamara
A Saudi platform for interest-free, Sharia-compliant installments and pay later, for shoppers and merchants in the Gulf.
- Stage
- Series C
- Raised
- $446M
- Founded
- 2020
- City
- Riyadh
Calo
Healthy meal subscriptions with calories and protein calculated for each customer's goal, cooked and delivered daily
- Stage
- Series B
- Raised
- $90.5M
- Founded
- 2019
- City
- Riyadh
Salla
A Saudi platform for building online stores in Arabic with no coding, for individual merchants and companies.
- Stage
- Pre-IPO
- Raised
- $138.5M
- Founded
- 2016
- City
- Makkah
Team
- Mohammed AlzubiFounder & Managing Partner
- Sultan bin Fahad bin Salman Al SaudChairman & General Partner