Participated · Seed · Apr 2026

Lola operates a cake ordering and customisation platform serving customers across Bahrain, Saudi Arabia, the UAE, Qatar and Kuwait. The company was founded in 2023 by Othman Janahi and has raised a $1.3M pre-seed in February 2025 and a $3M seed round led by Vision Ventures. Lola plans to build a central production facility in Dammam and roll out a network of cloud bakeries to improve quality and scale operations. It aims to expand beyond cakes into a broader gifting platform. The recent capital injection is intended to fund these operational and expansion initiatives.

Led · Series B · Jul 2025

Calo offers ready-to-eat meals delivered via subscription plans that cater to various health goals; customers receive meals they can heat up later. The company emphasizes its technology, branding, and operational capabilities and has integrated acquired UK platforms into its stack. Calo delivered more than 10 million meals last year across Saudi Arabia, the UAE, Kuwait, Qatar, and Bahrain, and reported revenue growth of "close to 100%." It has expanded through acquisitions in the UK (Fresh Fitness Food and Detox Kitchen) and completed integration work while retaining existing personnel. Calo is pursuing geographic expansion into the UK, increasing physical presence with retail stores and kiosks, and exploring partnerships in physical spaces and gym bundle offerings with Armah Sports Company. The startup is targeting 10x revenue in the UK over the next three years and is also looking to acquire additional meal-kit services globally. Calo offers customized ready-to-eat meal subscriptions for segments such as weight loss, high-protein, balanced meals and specialty needs like muscle gain, diabetes, IBS, or PCOS. It operates scheduled chilled deliveries across Saudi Arabia, UAE, Kuwait, Qatar and Bahrain using one central kitchen per city and a fleet of about 200 vans. This year the company says it has served 10 million meals with average meal prices of $7–$9; Saudi Arabia accounts for 70% of revenues and the UAE 15%. Calo has hit nine figures in annualized revenue and runs at a nearly break-even state, targeting profitability by next year ahead of a planned public listing. Product roadmaps include deeper personalization (specifying exact protein/carbs/fat or removing ingredients), new business models like retail kiosks and on-demand delivery, and an acquisition of an unnamed UK food startup to expand outside the Middle East. The company was founded in 2019 by Ahmed Al Rawi and emphasizes capital-efficient growth through scheduled deliveries and a logistics model akin to a bulk milk run.

Participated · Series C · May 2025

VUZ builds and distributes immersive, 360-degree video experiences for live events and creator content, viewable on mobile apps, the web, VR headsets like Apple Vision Pro and Oculus, and smart TVs. The company has signed exclusive immersive streaming deals with La Liga and the Professional Fighters League and works with over 100 content creators whose combined audience reach tops 100 million. VUZ has crossed 15 million users globally (up from 10 million in 2022) and now logs nearly 3 billion screen views (up from 1 billion); it says it doubled revenue over the past two years and posted an 80% increase in gross profit last year. The startup reached profitability in 2023 and shifted its content mix from roughly 70% free to about 60% free and 40% premium, monetized via annual subscriptions and telecom bundles. Its creator-focused operating model trains and equips freelance reporters and creators with proprietary cameras and supports them via an internal VUZ Studio to reduce production costs and speed editing. VUZ plans to double down in Saudi Arabia and the UAE while accelerating expansion into Africa, Asia, and the U.S.; it has over 40 telecom partnerships, offices in Saudi Arabia, the UAE, Egypt, Jordan, and the U.S., is building teams in India and Indonesia, and is live in Egypt, Kenya, and Nigeria with a South Africa launch planned later this year. VUZ is a platform that offers premium immersive content—more than 20,000 hours—covering entertainment, creators, sports and XR/VR/AR experiences accessible via iOS, Android, headsets and web. The app provides 360-degree live streams including live events, concerts, celebrity interviews and masterclasses; about 70% of content is free (monetized with ads) while exclusive content is sold for $4–$8. Founder and CEO Khaled Zaatarah says VUZ has reached over 10 million users and more than 1 billion screen views since launch, with 44% of views from the Middle East, 32% from the U.S. and 24% from Egypt. The company reports roughly 10% month-on-month recurring revenue growth and top creators have generated over 100 million views globally. VUZ plans to expand internationally (including scaling its Los Angeles office), invest in content and senior hires, add new social features, launch web3 products and NFT projects, and scale into eight new markets using asset-light operations. Partnerships and integration with 45 telecom operators are cited as a backbone for its global expansion. 360VUZ operates a live-stream 360° VR video app that connects users across more than 15 countries. Led by founder and CEO Khaled Zaatarah, the company offers immersive video experiences and holds a U.S. patent related to augmented reality, artificial intelligence, machine learning, virtual control and new advertising solutions. The company plans to use new funds to further develop its immersive video app technology, scale the business, expand its global reach, and deliver more personalized experiences along with additional proprietary technologies. 360VUZ has offices in Dubai, Los Angeles and Riyadh and employs a team of more than 30 people. Financially, the Series A increases the company’s total amount raised to $7M to date.

Participated · Series B · Feb 2025

Khazna offers salary advances, payroll-backed credit, pension lending, unsecured loans to gig workers, bill payments, buy-now-pay-later, insurance and a rent-to-own product aimed at low- and middle-income workers. The company focused on payroll and pension-backed lending as its core product, which management says drove it to break even last month. Khazna has grown to over 500,000 users, with about 100,000 receiving their payroll through the platform, enabling embedded lending and insurance. Because it cannot accept customer deposits today, Khazna funds lending with wholesale debt in USD and EGP, which raises its cost of funds. The startup is working to secure a deposit-taking digital banking license in Egypt (targeting mid-2026) to lower funding costs and capture deposits. It also plans to expand into Saudi Arabia and to target 40–50% of business from that market within four years, leveraging large Egypt–Saudi remittance flows. Khazna is a Cairo-based financial super app targeting middle- and lower-income users with a suite of banking and non-financial services. Founded in 2019 by Omar Saleh, Ahmed Wagueeh, Fatma El Shenawy and Omar Salah, its entry product was an earned wage access service (Khazna HR) launched in 2020 that lets partner employers offer cash advances. The company has since added buy now, pay later, bill payments and a prepaid debit card; its BNPL is available in about 1,000 merchant stores. Khazna reports roughly 150,000 users across all products and employs a team of 170, with leadership drawn from WorldRemit, Uber, Jumia and Match Group. The startup is aligned with the Central Bank of Egypt’s financial inclusion and less-cash initiatives and plans to leverage CBE infrastructure such as the instant payment network. Khazna plans to launch additional products before year-end and aims to reach 1 million users by the end of 2022. Financially, the company has raised $38M in this Series A (debt and equity) and $47M in total since inception. Khazna provides convenient, effective and secure smartphone-based financial services. The company was founded in April last year by Omar Saleh, Ahmed Wagueeh, Fatimah El Shenawy, and Omar Salah. Its LinkedIn states the leadership team has over 50 years of combined global experience in finance, corporate strategy and technology. Last month Khazna announced an undisclosed seed investment led by Algebra Ventures and joined by Accion Venture Lab. Ventureburn/Menabytes report that Disruptech, a $25 million fintech fund, also invested a six-figure dollar amount in Khazna; Disruptech did not disclose exact investment sizes.

Led · Series C · Aug 2023

Axiom Space is building commercial orbital infrastructure, with headline programs that include a commercial space station and development of lunar spacesuits for NASA’s Artemis lunar exploration campaign. The company is pursuing a broader roadmap of space infrastructure and technology advancement and has positioned itself to define the next era of the space economy. Financially, Axiom recently closed an expanded funding round that grew to more than $525 million after an opportunistic extension that brought in new and existing investors. The company said the funds will be used to support its space station and spacesuit efforts as well as other roadmap priorities. Axiom has publicly welcomed NASA’s decision to continue the Commercial LEO Destinations program under its established approach, which it says aligns with its commercial station plans.