Nama Ventures Explained

Nama Ventures
Type:Private
Industry:Venture vapital
Founded:2019
Founder:Mohammed Alzubi
Location:Riyadh, Saudi Arabia[1]
Area Served:MENA
Products:Venture capital funding

Nama Ventures is a Saudi-based venture capital fund which focuses on investing in early-stage technology startups within the MENA region.[2]

History

Nama Ventures was founded in 2019 by its managing partner Mohammed Alzubi and participated in the "Invest in Saudi" delegation at the Web Summit the same year.[3] [4] The fund was started to address the funding gap for early-stage technology startups in the MENA region.[5] Alzubi has a background in technology investments, like working at Dubai Silicon Oasis Authority and co-founding TechWadi, a nonprofit organization that connects Arab-American tech entrepreneurs with resources and networks in Silicon Valley, California.[3] [6]

Since its inception, Nama Ventures has invested in over 45 companies across sectors such as fintech, proptech, entertainment tech, and legal tech.[7] The fund has made notable investments, including Salla,[8] Tamara,[9] Calo,[10] Rize,[11] BrevDev,[12] and many others.[13] [14] [15] [16] [17] BrevDev, which Nama Ventures backed in June 2022, was later acquired by Nvidia.[18] [19] [20]

The fund also backed Nigeria's Y Combinator's startup, Termii.[21]

See also

Notes and References

  1. News: Arzish represents 'Promise of Pakistan' at world's largest tech event . 30 November 2024 . . 12 February 2023.
  2. News: Saudi-focused VC Nama Ventures to invest in tech start-ups in kingdom, MENA region - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More . 30 November 2024 . . 25 April 2021.
  3. News: Pupic . Tamara . Nama Ventures Founder And Managing Partner Mohammed Alzubi Is Betting On The MENA Region And Its Entrepreneurs . 30 November 2024 . Entrepreneur . 17 October 2022 . en.
  4. News: Nama Ventures participates in Web Summit 2019 . 30 November 2024 . . 6 November 2019 . en.
  5. News: El-Shaeri . Nour . Venture investments spark renaissance of Saudi innovation . 30 November 2024 . . 26 April 2024 . en.
  6. News: Video-recruitment platform JobPixel raises undisclosed Seed funding from Nama Ventures . 1 December 2024 . Wamda . 7 February 2022 . en.
  7. Web site: Nama Ventures launches $27 million fund to invest in Mena startups. 28 April 2021. Wamda. 30 November 2024.
  8. News: Saudi delegation eyes joint IT ventures . 30 November 2024 . . 6 January 2023 . en.
  9. News: Paracha . Zubair Naeem . Saudi fintech Tamara raises $6 million in country's largest seed round for its buy now pay later platform . 30 November 2024 . MENAbytes . 20 January 2021.
  10. News: Calo raises $13.5 million Seed round . 30 November 2024 . Wamda . 8 December 2021 . en.
  11. Web site: Rize raises $2.9 million in seed round. My Startup World. 30 November 2024.
  12. Web site: Nama Ventures invests in US-based startup BrevDev. Wamda. 30 November 2024.
  13. Web site: Egyptian handicraft e-commerce startup Muqbis raises funding. Disrupt Africa. 30 November 2024.
  14. News: Nama Ventures invests in Nigerian startups, Messenger and Termii . 30 November 2024 . Wamda . 13 June 2023 . en.
  15. News: Saudi-based Nama Ventures leads a seed funding round for Bahraini startup Faceki . 30 November 2024 . . 15 August 2022 . en.
  16. Web site: ShipBlu joins Y Combinator summer batch, secures funding from Nama Ventures. Khaleej Times. 30 November 2024.
  17. News: El-Shaeri . Nour . Regional startups raise funding rounds amid activity flurry. Arab News. 23 February 2024. 1 December 2024.
  18. News: Martin . Dylan . Nvidia Expands AI Cloud Capabilities With Fourth Acquisition This Year . 30 November 2024 . . 17 July 2024.
  19. News: NVIDIA Acquires AI Platform Brev.dev from Nama Ventures . 1 December 2024 . . 5 August 2024.
  20. News: Nvidia Acquires AI Platform Brev.dev From Saudi-Based VC Nama Ventures . 1 December 2024 . CairoScene . 6 August 2024.
  21. News: Kene-Okafor . Tage . Nigeria's Termii raises $1.4M seed led by Future Africa and Kepple Africa Ventures . 30 November 2024 . TechCrunch . 19 March 2021.

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