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| 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]
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]
