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The Venture Codex

Overview

Venture capital fund investing in high growth startups in MENA.

Founded

2019

Deals · 12mo

1

Stage focus

Series A
Series B

Geographic focus

Egypt
Japan
Saudi Arabia
United Arab Emirates

Sector focus

—

Investment portfolio

14rounds
NAMEDATESIZE
Alpaca
Jan 2026Participated
$190 MSeries D
Alpaca
Apr 2025Participated
$52 MSeries C
Mala'a Technologies
Sep 2024Participated
$17 MSeries A
Resal
Aug 2024Participated
$9 MOther Equity
Rewaa
Aug 2023Participated
$27 MSeries A
Kaso
Jul 2023Participated
$11 MSeed
OTO
Oct 2021Led
$3 MSeed
Capiter
Sep 2021Participated
$33 MSeries A
Eyewa
Jun 2021Participated
$21 MSeries B
Sary
May 2021Participated
$31 MSeries B
iKcon
Mar 2021Led
$20 MSeries A
Lendo
Mar 2021Led
$7 MSeries A
Alpaca
Jan 2026Participated
$190 MSeries D
Alpaca
Apr 2025Participated
$52 MSeries C
Mala'a Technologies
Sep 2024Participated
$17 MSeries A
Resal
Aug 2024Participated
$9 MOther Equity
Rewaa
Aug 2023Participated
$27 MSeries A
Kaso
Jul 2023Participated
$11 MSeed
OTO
Oct 2021Led
$3 MSeed
Capiter
Sep 2021Participated
$33 MSeries A
Eyewa
Jun 2021Participated
$21 MSeries B
Sary
May 2021Participated
$31 MSeries B
iKcon
Mar 2021Led
$20 MSeries A
Lendo
Mar 2021Led
$7 MSeries A
14
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Insights

Time horizon

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Deal Distribution

Derayah Ventures: 14 funding rounds are recorded in the selected participation categories.All available history.
Derayah Ventures: 14 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed11
Series A24
Series B03
Series C+02
Other Equity01

Monthly Deal Activity

Derayah Ventures: 14 deals are recorded across 79 months.All available history.
Derayah Ventures: 14 deals are recorded across 79 months. All available history
MonthDeals
Apr '201
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '211
Mar '212
Apr '210
May '211
Jun '211
Jul '210
Aug '210
Sep '211
Oct '211
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '231
Aug '231
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '241
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '261
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Derayah Ventures: E-Commerce & Retail is the largest displayed sector by deal count (7 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Derayah Ventures: E-Commerce & Retail is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
E-Commerce & Retail7
Fintech6
Enterprise Software5
Networks, Cloud & Communication4
Food & Agriculture3
Developer Tools2
Marketing & Advertising2
Crypto & Blockchain2
Data, Analytics & IT1
Transportation & Logistics1
Consumer & Lifestyle1
Hardware & Robotics1
AI & Machine Learning1

Deal Size Distribution

Derayah Ventures: 14 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Derayah Ventures: 14 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M1
$5M-$10M3
$10M-$25M5
$25M-$50M3
$50M-$100M1
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Derayah Ventures: Saudi Arabia has the largest recorded deal count among the displayed regions (8 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Derayah Ventures: Saudi Arabia has the largest recorded deal count among the displayed regions (8 deals). All available history
RegionDeals
Saudi Arabia8
United Arab Emirates3
United States2
Egypt1
Derayah Ventures: 20 co-investors are shown, with MSA Capital sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

Derayah Ventures: Led accounts for 21% and participating for 79% of round participation.All available history.
Derayah Ventures: Led accounts for 21% and participating for 79% of round participation. All available history
CategoryDeals (count)Share (%)
Led321%
Participating1179%
Derayah Ventures: Single-lead accounts for 33% and co-led for 67% of lead dynamics.All available history.
Derayah Ventures: Single-lead accounts for 33% and co-led for 67% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead133%
Co-led267%

Team

Faris AlRashed Alhumaid

Founder and Chairman Of The Fund Board