Palm Ventures
Investment Details
Investor Type
Venture Capital
Asset Class Focus
Venture Capital
Stage Focus
Seed, Early Stage, Series A, Series B, Growth, Late Stage, Pre-IPO
Geographical Focus
United States, United Kingdom, United Arab Emirates, Saudi Arabia, Egypt, Bahrain
Industries Focus
- Technology
- Media
- Retail
- Education
- Agriculture
- FinTech
- E-commerce
- Logistics
- InsurTech
- Sustainability
- Food & Beverage
- AI
- B2B Solutions
- Health & Nutrition
- Battery Materials
Investment Size:
1,000,000 to 5,000,000 USD
Investor Details Founded: 2014
Palm Ventures is a Saudi Arabian venture capital firm that focuses on early-stage technology startups, primarily in the MENA region. Established in 2014 as a business unit under a consultancy firm, it has supported over 25 founders and startups, assisting various government institutions in fulfilling their innovation-commercialization mandates. In 2021, Palm Ventures evolved into a standalone company, bringing together over 30 investors and advisors, including CEOs of top corporations, serial entrepreneurs, and investment experts. The firm aims to establish itself as a top-tier, enduring venture capital firm poised to seize opportunities in the MENA region and beyond. Palm Ventures has made 17 direct investments in the MENA region, achieving a 41% internal rate of return (IRR) and doubling its investments in two years. The firm also launched a mini-fund for four US-based AI startups in partnership with Cartography Capital, with plans to invest in 40 deals across the MENA region and opportunistically elsewhere. Their portfolio includes companies like Erad, Rain, InstaConsult, MyBenefits, FIFOPlus, Nearpay, Saee, iRama, EVM, KOINZ, 6Bees, Nifty Souq, and ProFinda. Palm Ventures is committed to supporting innovative entrepreneurs and shaping a brighter tomorrow through unparalleled support and access to a pivotal network.
Requirements
- Innovative technology solutions
- Scalable business models
- Strong founding teams
- Market potential in the MENA region
Contact
[Official Website Hidden]
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Portfolio Companies
- erad
- Rain
- InstaConsult
- MyBenefits
- FIFOPlus
- Nearpay
- Saee
- iRama
- EVM
- KOINZ
- 6Bees
- Nifty Souq
- ProFinda
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