Venture Souq is a UAE-based venture fund management company founded in 2013, focused on fintech, climate tech and seed. Its Saudi portfolio includes Salla, MOZN and Erad.
About VentureSouq
Venture Souq was founded in 2013, and its management entity is regulated by the Financial Services Regulatory Authority of Abu Dhabi Global Market. It runs thematic funds in fintech and climate tech alongside a global seed strategy, and says its portfolio exceeds 300 companies. The Saudi Venture Capital Company invested $5 million in its fintech fund in 2023.
What it invests in
- Stages
- Seed, Series A
- Sectors
- Fintech, Sustainability
- Among the fund’s investors
- SVC
From its portfolio
Sary
A B2B online marketplace connecting grocery stores and restaurants with wholesalers, with a pay-later option
- Stage
- Series C
- Raised
- $112.1M
- Founded
- 2018
- City
- Riyadh
Erad
Shariah-compliant financing for small and medium businesses based on their sales data, with repayment that follows their revenue
- Stage
- Series A
- Raised
- $40.4M
- Founded
- 2022
- City
- Riyadh
Lucidya
A Saudi AI-powered customer experience management platform that analyzes Arabic content across its dialects
- Stage
- Series B
- Raised
- $37.1M
- Founded
- 2016
- City
- Riyadh
MOZN
An enterprise AI company that fights fraud and money laundering and matches names across Arabic and English
- Stage
- Series A
- Raised
- $10M
- Founded
- 2017
- 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
Tabby
A buy now, pay later app: shoppers split purchases into interest-free installments, and merchants get paid in full up front.
- Stage
- Growth
- Raised
- $814M
- Founded
- 2019
- City
- Riyadh
Team
- Suneel GokhaleCo-Founder & General Partner
- Sonia WeymullerCo-Founder & General Partner
- Sonia GokhaleCo-Founder & General Partner
- Tammer QaddumiCo-Founder & General Partner
- Maan EshgiGeneral Partner