Libya Holdings Group (“LHG”) is a leading industrial conglomerate that provides investment and comprehensive services in oil and gas, infrastructure, and specialist manpower and business services in Libya. It was established in 2012 to take advantage of the emerging investment opportunities that developed in Libya following the revolution and which are still developing. LHG is managed by a team of highly experienced executives with financial and operating backgrounds in emerging market. LHG currently operates out of two locations in Tripoli & Benghazi employing 2000 people across its portfolio companies.
Established in 2013 by Dr. Khaldoon Tabaza and Adey Salamin, iMENA Group is a venture capital investment company which backs innovative start-ups across the MENA region to support their growth to becoming regional champions.
Its current portfolio includes OpenSooq.com (the largest classifieds marketplace across the MENA region), SellAnyCar.com (the largest used cars marketplace in GCC), Jeeny (the fastest growing ride-hailing service in the Middle East), ReserveOut (the leading online restaurant reservations and table management platform in the MENA region), and Telr (the most innovative payment gateway in the Middle East).
In January 2019, Little Thinking Minds, a leading MENA-based Edtech company, closed its Series A round of $1.8 million from 4 regional investors: Algebra Ventures, Mindshift Capital, ISSF and Alturki Holdings. The team plans to use the funds to scale its Arabic language subscription-based platforms, I Read Arabic and I Start Arabic, to schools in the region and consumers globally.
TruKKer is disrupting the Gulf’s $20 billion road freight industry as the region’s largest tech-enabled truck aggregator. TruKKer started B2B operations in UAE in January 2018 and has since expanded to all GCC countries and Jordan. TruKKer now services more than 250 businesses, operates approximately 18,000 trucks, and carries out an estimated 1,000 daily transactions. Through its real-time matching of loads with trucks, truckers receive steady job flow and immediate payment.
IFC, a member of the World Bank Group, has supported the company’s growth. The organization was among the main investors in TruKKer’s Series A fundraising of $23 million, one of the largest Series A rounds in the MENA region. Other prominent international investors in TruKKer include Saudi Telecom Ventures, Endeavor Catalyst, Riyad Capital, MEVP, Iliad Partners, Oman Technology Fund, Shorooq Partners, Abu Dhabi investment office, RAED ventures, 500 start-ups and Averoes Ventures of Egypt.
Algebra Ventures is a $50 million Cairo-based venture capital fund that invests in early-stage technology companies in Egypt and the MENA region that are changing the way we live and do business. Its LPs include Cisco, the European Commission, EAEF, EBRD, IFC, and private family offices. Algebra has invested in 17 transformative technology companies in MENA, including HolidayMe, Trella, Elmenus, and Halan.
BECO Capital is an early-stage MENA-focused VC firm headquartered in Dubai, UAE. Founded in 2012, BECO was one of the earliest pioneers of VC in the region and is today backed by regional SWFs, leading international institutions and UHNW family offices.
Given the MENA region’s unique macro-dynamics which include some of the lowest CACs and highest ARPUs in the world, BECO aims to invest in the best MENA-based consumer and enterprise technology companies with a focus on seed, series A and B rounds. Some of BECO’s most notable investments include Careem (acquired by Uber for $3.1 billion), PropertyFinder (the region’s leading RE classifieds portal), SWVL (premium mass transit system for emerging markets) and Kitopi (a global managed cloud kitchen network).
Endeavor Catalyst is the rules-based fund of Endeavor. To date, it has investments in over 130 companies across 25 markets including seven exits and four “unicorns” in its active portfolio. Endeavor Catalyst invests across MENAT, LATAM, SEA, SSA, and USA in primarily Series A and B companies. It is sector agnostic, but invests primarily in technology and technology-enabled companies.
Iliad Partners is a venture capital firm focused on early-stage investments in tech start-ups with a focus on the MENA region. Based in Dubai, UAE, and with a presence in Riyadh, Saudi Arabia, Iliad invests in innovative companies with solutions, localized for the MENA region and executed by strong founders and experienced teams. Its initial focus included investments in “e-commerce enablement” in sectors such as logistics, transport and mobility, and has since expanded to broader digitization themes and verticals including fintech, insurtech and proptech. As former entrepreneurs with a global perspective and operating experience, the Iliad team provides hands-on operational and business development support, and access to the Iliad regional and global network. Join our #epicjourney.
Middle East Venture Partners (MEVP) is a venture capital firm that invests in early-stage technology companies across the MENA region. Alturki Holding has invested in Middle East Venture Fund II L.P, MEVP’s third regional fund. MEVP currently manages 4 Funds with $260 million in total AUMs. It has 20 full-time staff and has invested in more than 50 technology companies in the past 10 years. The firm is headquartered in DIFC – Dubai with offices in Beirut, Riyadh, Abu Dhabi, and Bahrain.
Raed Ventures is an early-stage venture capital firm that partners with exceptional founders building transformative companies in MENA. Since its establishment in 2016, Raed has invested in over 20 companies including Swvl, Mrsool, Noon Academy, Salla, Sary, and Trella. Raed is headquartered in Dammam and is anchored by Jada Fund of Funds, Saudi Venture Capital Company, and Almajdouie Holding.