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The Venture Codex

BIM Ventures

6443 Al Imam Saud Ibn Faysal Rd, Al Malqa, Riyadh, Ar Riyad, 13522, Saudi Arabia

Overview

We build successful and sustainable enterprises from the ground up by capitalizing on our expertise, resources and network. We carefully select, validate and launch bold ideas that are then turned into full-fledged spun-off businesses. While every successful venture is different, there is one thing, that connects all of them – right timing.Time is the key and the most important resource for every enterprise. That’s why we designed our own venture building process that allows fast delivery. We use our own expertise and vast network of resources to create business plans, develop the products, launch them on the market, and grow them. - Generate our own Ventures We build startups that solve problems through an inhouse continuous, dynamic and selective ideation process. We secure financing to make sure our ventures can grow without barriers. - Build Ventures With Partners With our robust ecosystem we partner up with external entrepreneurs and other companies that have amazing ideas we can help them develop into successful and sustainable businesses.

Total investments
5
Lead investments
3
Investments · 12mo
1
Active investors
2
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Investment portfolio

  • Muhlah

    Led · Seed · Mar 2026

    Founded in 2024 by Abdulaziz AlRammah, Muhlah Zamaniyah for Finance (branded as Muhlah) delivers Shariah-compliant micro-financing to consumers through a technology-driven platform. Spun out of BIM Ventures’ venture studio, the company emphasizes strong governance, credit discipline, and regulatory compliance to provide transparent, scalable lending solutions. Its product suite focuses on safe, consumer-focused financing that meets Islamic finance principles. With fresh seed capital, Muhlah intends to expand its lending capacity using Shariah-compliant structures, explore off-balance-sheet financing, and forge additional institutional partnerships. Management also signals plans to tap international funding sources and deepen alliances, particularly with Japanese investors, to accelerate growth. The firm positions itself as a bridge between Saudi market expertise and global capital access, aiming to strengthen the Kingdom’s consumer finance ecosystem.

  • iStoria

    Participated · Seed · Jan 2024

    iStoria offers a specialized English-learning app built around graded reader stories, comprehension questions, and rigorous vocabulary tests to help students pass language exams. The app emphasizes vocabulary expansion and provides additional cutting‑edge features to enhance user experience. iStoria has partnered with multiple private and public schools to integrate the app into curricula, enabling supervised classroom use. It reports over a million learners globally and a 4.6‑star App Store rating. The product is a Saudi-based project developed in collaboration with Oxford and delivered by a team of more than 20 professionals. Founded in March 2022 by Eng. Abdullah Al‑Jaberi, the company plans to use new funding to further develop the platform, drive innovation, and expand its global student base.

  • Takadao

    Participated · Seed · Oct 2023

    Founded in 2022 by Sharene Lee and Morrad Irsane, Takadao operates a Web3 platform that delivers bankless, Shariah-compliant financial alternatives. Its flagship Takadao protocol powers The LifeDAO, giving members access to a DeFi wallet, a cooperative life protection fund, non-custodial investment pools, and a financial-education hub. The LifeDAO currently holds around US$1 million in total value locked, and all surpluses are redistributed to members. Takadao has also launched The LifeCard, a prepaid VISA card that lets users spend stablecoins like cash, provides profit sharing from fees, round-up micro-investing, and 0% interest micro-loans. All deposits remain user-owned, reinforcing the cooperative model. Fresh capital will support expansion in markets where the company already has traction, including Southeast Asia, France, the UK, and the US. To date, the company has raised a total of US$3.1 million.

  • AtarCloud

    Led · Seed · Dec 2022

    AtarCloud (Atar Technologies LLC), founded in 2021 by Haseeb Mohammad and co-built with BIM Ventures, offers a multi-platform, multi-interface SaaS solution that simplifies property management and elevates the living experience. The platform targets property owners and real estate developers and provides tools for digital onboarding, service ticket management, payments, announcements, events, and exclusive resident offers. It emphasizes user-friendly stakeholder interactions and aims to digitally transform properties into integrated, liveable communities with a strong focus on end-user experience. The company entered the market as developers compete to create integrated communities that improve living experiences. AtarCloud reported closing a $1.3 million seed investment and said it expects to grow by over 50% in the coming years. The product and go-to-market are focused on streamlining basic operations while adding engaging features to increase resident satisfaction.

  • Conix.ai

    Led · Seed · Nov 2022

    CONIX.AI builds software that helps architects and construction teams automate design workflows and regulatory compliance. The startup was founded by Egyptian entrepreneurs and is based in the UK. Through the LAB7 partnership it expects closer links to Gulf industrial customers and opportunities to validate its product with enterprise users. The company is targeting markets where large-scale infrastructure projects and strict regulatory regimes create demand for specialised digital tools. The articles do not disclose revenue, users, or other financial metrics. CONIX.AI’s positioning reflects a broader trend of corporate-backed startups bridging innovation and enterprise adoption in sectors like construction, energy and manufacturing.

Team