Al Turki Ventures
Al Urubah Street Home Office Building Office No 17, Riyadh, Ar Riyad, Not provided, Saudi Arabia
Overview
Alturki Ventures is to enpower the global digital transformation for sustainable progress.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- MealPlanet
Participated · Seed · Aug 2024
MealPlanet is an Emirati food-tech company operating in the broader food and dining sector. The firm has positioned itself within the Middle East’s growing technology ecosystem by leveraging innovative approaches to food services, though specific product details were not disclosed in the article. Its recent capital infusion underscores investor confidence in the region’s food-tech opportunities. The company attracted backing from prominent regional and international investors, signalling the potential for accelerated growth. While the article did not provide operating metrics such as revenue, user counts, or unit economics, the successful seed raise indicates early market traction. MealPlanet’s Emirati roots situate it in a strategically significant market with access to both GCC and wider MENA consumers. The fresh funding is expected to support product development and market expansion initiatives. Future financial milestones were not outlined in the article.
- Immensa
Led · Series A · Nov 2021
Immensa is a UAE-headquartered, Dubai-founded additive manufacturing and digital inventory platform focused on on-demand 3D printing for the energy industry. Founded in 2016 by Fahmi Al Shawwa, the company assesses spare parts, digitizes them on its DIS RT platform, and routes production to nearby qualified 3D printing facilities while keeping data security and quality control in-house. Immensa says it employs over 100 additive manufacturing specialists, has assessed more than one million parts and produced over 15,000 components, and recorded over $10 million in revenue last year and reached profitability. It operates hubs in Dubai and Saudi Arabia and serves clients across MENA, including Aramco, Adnoc and Schlumberger, with plans to enter North America within 12–18 months and expand to additional regional countries. The company has developed proprietary hardware and integrated AI tools into DIS RT to manage large data volumes and support production-on-demand workflows. Immensa also partners with OEMs under license, pays royalties, and aims to shrink clients' spare-parts balance sheets while reducing supply-chain carbon footprint. Immensa offers a proprietary Digital Inventory Service and a global Manufacturing‑as‑a‑Service (MaaS) network to dematerialize physical spare parts into virtual warehousing and on‑demand production. Its core product combines industrial 3D printing with machine learning and data digitization to serve energy and utilities customers. The company positions itself as a turnkey digital inventory provider, aiming to improve supply‑chain continuity and part availability. Immensa plans to expand its capabilities in Saudi Arabia and use the kingdom as a launchpad for international markets. The firm reports over 70% of its engineers are young Saudi nationals and expects its workforce to quadruple over the next 18 months. Financially, Immensa closed a $7 million Series A to fund this growth and platform expansion. Immensa operates a digital platform that leverages additive manufacturing (3D printing) to produce and deliver spare parts on demand, letting oil and gas operators reduce slow-moving inventory and minimize downtime. Clients select parts via the platform, have them produced at the nearest AM operator, and receive delivery to the point of need, which the company says reduces supply‑chain and OEM costs. The company began development in 2017, piloted in 2019, and says it has gained traction with leading global oil and energy companies and contributed to international standards for metal 3D‑printed spare parts. Immensa launched in Dubai and has operations in the UAE, Saudi Arabia, Kuwait and Kazakhstan, and opened a second facility in partnership with Sharjah Research, Technology and Innovation Park described as the region’s first industrial metal AM operation. The startup has made acquisitions in Saudi Arabia (Shakl3D and LayLabs), employs over 32 engineers, and holds what the company describes as the Petroleum Industry's IS029001 certification. Financially, Immensa reported its top line grew 300% in 2020 and said it was on track to more than double revenue the following year; it also produced nearly 5,000 medical face shields in April 2020 amid COVID‑19 demand.
Team
No current team members are available.