OQAL

OQAL is a prominent angel investor network in Saudi Arabia, established in 2011, that connects innovative startup founders with seasoned investors to develop leading enterprises. The name 'OQAL' is a conjunction of two Arabic words: 'Oqool' (Minds) and 'Amwal' (Capital), reflecting its mission to bridge the gap between entrepreneurial ideas and capital. The network aims to contribute to the welfare of the economy and society by fostering the growth of scalable and innovative startups across various sectors.

The network's investment strategy focuses on providing smart capital to early-stage startups, particularly in the seed and early stages, including Series A and B rounds. OQAL's geographical focus includes Saudi Arabia, the United Arab Emirates, and Egypt, with a sector emphasis on e-commerce, software, and information technology. The network's investment size ranges from $500,000 to $5,000,000, aiming to support startups with high growth potential and scalability.

OQAL's track record includes investments in companies such as Spare, DESAISIV, and TWIG. The network emphasizes a collaborative approach, encouraging knowledge sharing among investors and empowering entrepreneurs to achieve both economic feasibility and societal impact. By connecting angel investors with promising startups, OQAL plays a pivotal role in nurturing the entrepreneurial ecosystem in the MENA region.