Participated · Seed · Sep 2024

Reachware provides system integration, process automation, and advanced analytics services to businesses, supporting both Arabic and English. The company integrates with over 200 systems and serves more than 300 clients across retail, manufacturing, finance, hospitality, and e-commerce. Founded in 2021, Reachware partners with major tech companies and regional institutions to deliver automation solutions. Its product set focuses on improving business operations through tailored integrations and analytics. The company plans to develop new products and explore AI and machine learning technologies to expand its capabilities. Reachware intends to use recent funding to expand operations across the GCC market.

Led · Series A · Mar 2024

Youverify is a Nigerian provider of identity verification and AML solutions for banks and startups. The platform provides real-time business verification coverage in 145 jurisdictions across 48 countries and individual verification coverage in 46 countries, while serving commercial customers in 12 countries. It processes about 4 million monthly applications for over 3,500 businesses with 800 active clients and has expanded ID verification capacity from 400 million to 5 billion people and 600 million businesses. Youverify uses government data (not OCR), alongside mathematical models and AI, to verify identities, registrations and ownership, perform AML risk classification, and generate regulatory reports. The company serves industries including gaming, travel, healthcare, and telecommunications and competes with Smile Identity, Dojah, and Identitypass. Through a strategic partnership with investor Elm, Youverify plans to streamline AML compliance, bolster global risk intelligence, and expand its products into new markets. Youverify is a Lagos- and San Francisco–based identity verification company, founded in 2018, that automates KYC and compliance for banks, fintechs and other enterprises across Africa. Its core products include identity verification APIs, the Youverify OS (YVOS) enterprise compliance platform, the vFORM low/no-code onboarding tool, and the YouID digital identity platform. Nearly two-thirds of Nigeria’s commercial banks — including Standard Chartered, Standard Bank and Fidelity Bank — use its KYC products. The company reports rapid growth: its customer base increased 300% to more than 400 banks and high-growth startups, application processes grew over 1,000% to more than 5 million, YouID added over 500,000 users, and 600 service providers are on its marketplace waitlist. Financially, Youverify crossed an ARR of over $1 million last year. Over the next 18 months it plans to expand to 30 countries, increase verifiable IDs from 400 million to 2 billion, recruit aggressively in southern, eastern and francophone Africa, and develop automated compliance products for gaming, travel, healthcare and telecommunications. Youverify automates identity and background verification processes, primarily serving financial and telecommunication service providers. Since launch it has performed more than 300,000 customer registrations and verifications for some of Nigeria’s largest banks and financial companies. The company was co-founded in Lagos in 2017 by Gbenga Odegbami and Suru Avoseh. It has raised a $1.5 million seed investment led by Orange Digital Ventures Africa, with participation from Loftyinc Afropreneurs Fund. The investment is intended to help Youverify improve its technology and accelerate business development in Nigeria and across the continent. Previous financing includes an undisclosed 2018 pre-seed from Village Capital and Chinook Capital, and Kyane Kassiri is listed as an angel investor.

Led · Series A · Sep 2023

FlyAkeed operates a SaaS platform that automates travel booking and expense management for corporate customers and travel managers. The platform adopts a traveler-centric model linking travel policy, online booking, and expense management to create a seamless omni-channel experience. Features include an automated approval process, real-time expense management reports, extensive travel inventory, and a variety of travel-led employee benefits. FlyAkeed enables businesses to manage and track employee travel expenses to streamline processes and reduce costs. The company was founded in 2017 by Bassam AlMohammadi and is headquartered in Saudi Arabia. Following its Series A raise, FlyAkeed plans to expand its offering to more cities in Saudi Arabia and across the GCC and to explore fintech products and solutions to further enhance the travel experience for individual and enterprise users.

Participated · Series C · Jul 2021

Founded in 2012 by Tushar Vashisht and Sachin Shenoy, Healthify (formerly HealthifyMe) operates a consumer health app that offers individualized diet, exercise, and lifestyle recommendations through a mix of artificial intelligence and more than 600 human coaches. The company claims a user base of over 40 million across 300+ cities and says its model has delivered meaningful health outcomes at scale in India. Leveraging this traction, Healthify is preparing to enter the U.S.—the world’s largest health and fitness market—while also deepening B2B partnerships in diagnostics, insurance, and pharmaceuticals. The platform’s AI aims to give every user a “personal nutritionist and health coach,” enhancing daily decision-making around food and exercise. Management reports the business is on track to reach EBITDA-positive status by the end of the fiscal year. Total equity raised now stands at roughly $125 million, providing a solid capital base for global expansion and continued AI development.

Participated · Series B · Feb 2021

FOODICS provides a point-of-sale and restaurant management platform combined with payments and fintech services, licensed by the Saudi Central Bank (SAMA). The company’s core product serves every segment of the F&B sector, from dine-in restaurants and cafés to food trucks and cloud kitchens. Since its 2014 founding, FOODICS has processed over five billion orders through its platform. Management plans to use new capital to build out fintech capabilities, launch micro-lending, and expand supply-chain management services. FOODICS is also expanding its addressable market into non-food micro-retail outlets and boosting innovation capabilities to better serve business owners. The company has begun M&A activity—acquiring full ownership of POSRocket in January—and is pursuing further international expansion, including into APAC. FOODICS is a Saudi Arabia–based F&B tech startup offering an all-in-one retail management platform that helps restaurant and retail owners run their businesses. The platform has processed over 5 billion orders, runs on more than 50,000 terminals, and serves over 10,000 F&B brands. The company announced a $20M Series B round that brings its total funding to $28M. FOODICS said the new capital will be used to grow share in existing markets, accelerate international expansion, and expand its fintech offering. CEO Ahmad Al‑Zaini noted the company captured opportunities during a difficult 2020 and thanked clients, investors, and partners for their support. Foodics is a cloud-based SaaS restaurant management system running on iPads that handles sales, transactions, inventory, employee scheduling, and customer-relationship management. The company was founded in 2013 by Ahmad Alzaini and Musab Alothmani and graduated from the Badir Technology Incubator. Foodics serves over 600 F&B brands across the Middle East, primarily in Saudi Arabia and the UAE, and employs over 50 people across offices in Riyadh, Jeddah, Khobar, and Dubai. The startup plans to hire R&D, data science, and AI experts, invest heavily in AI-powered business intelligence, and expand integration capabilities with accounting tools and CRMs. It also intends to build a customer-support talent pool and pursue global expansion starting from Europe. Financially, Foodics completed its first external fundraising with a $4 million Series A.