Nama Ventures
| Company type | Private |
|---|---|
| Industry | Venture vapital |
| Founded | 2019 |
| Founder | Mohammed Alzubi[1] |
| Headquarters | Riyadh, Saudi Arabia[2] |
Area served | MENA |
| Products | Venture capital funding |
| Website | www |
Nama Ventures is a Saudi-based venture capital fund which focuses on investing in early-stage technology startups within the MENA region.[1]
History
[edit]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
[edit]References
[edit]- ^ a b "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". Arabian Business. 25 April 2021. Retrieved 30 November 2024.
- ^ "Arzish represents 'Promise of Pakistan' at world's largest tech event". Daily Times. 12 February 2023. Retrieved 30 November 2024.
- ^ a b Pupic, Tamara (17 October 2022). "Nama Ventures Founder And Managing Partner Mohammed Alzubi Is Betting On The MENA Region And Its Entrepreneurs". Entrepreneur. Retrieved 30 November 2024.
- ^ "Nama Ventures participates in Web Summit 2019". Argaam. 6 November 2019. Retrieved 30 November 2024.
- ^ El-Shaeri, Nour (26 April 2024). "Venture investments spark renaissance of Saudi innovation". Arab News PK. Retrieved 30 November 2024.
- ^ "Video-recruitment platform JobPixel raises undisclosed Seed funding from Nama Ventures". Wamda. 7 February 2022. Retrieved 1 December 2024.
- ^ "Nama Ventures launches $27 million fund to invest in Mena startups". Wamda. 28 April 2021. Retrieved 30 November 2024.
- ^ "Saudi delegation eyes joint IT ventures". The Express Tribune. 6 January 2023. Retrieved 30 November 2024.
- ^ Paracha, Zubair Naeem (20 January 2021). "Saudi fintech Tamara raises $6 million in country's largest seed round for its buy now pay later platform". MENAbytes. Retrieved 30 November 2024.
- ^ "Calo raises $13.5 million Seed round". Wamda. 8 December 2021. Retrieved 30 November 2024.
- ^ "Rize raises $2.9 million in seed round". My Startup World. Retrieved 30 November 2024.
- ^ "Nama Ventures invests in US-based startup BrevDev". Wamda. Retrieved 30 November 2024.
- ^ "Egyptian handicraft e-commerce startup Muqbis raises funding". Disrupt Africa. Retrieved 30 November 2024.
- ^ "Nama Ventures invests in Nigerian startups, Messenger and Termii". Wamda. 13 June 2023. Retrieved 30 November 2024.
- ^ "Saudi-based Nama Ventures leads a seed funding round for Bahraini startup Faceki". Arab News. 15 August 2022. Retrieved 30 November 2024.
- ^ "ShipBlu joins Y Combinator summer batch, secures funding from Nama Ventures". Khaleej Times. Retrieved 30 November 2024.
- ^ El-Shaeri, Nour (23 February 2024). "Regional startups raise funding rounds amid activity flurry". Arab News. Retrieved 1 December 2024.
- ^ Martin, Dylan (17 July 2024). "Nvidia Expands AI Cloud Capabilities With Fourth Acquisition This Year". CRN. Retrieved 30 November 2024.
- ^ "NVIDIA Acquires AI Platform Brev.dev from Nama Ventures". MSN. 5 August 2024. Retrieved 1 December 2024.
- ^ "Nvidia Acquires AI Platform Brev.dev From Saudi-Based VC Nama Ventures". CairoScene. 6 August 2024. Retrieved 1 December 2024.
- ^ Kene-Okafor, Tage (19 March 2021). "Nigeria's Termii raises $1.4M seed led by Future Africa and Kepple Africa Ventures". TechCrunch. Retrieved 30 November 2024.