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The Venture Codex

Overview

International venture capital firm investing in emerging markets.

Founded

2018

Deals · 12mo

3

Stage focus

Seed
Series A
Series B

Geographic focus

Egypt
Nigeria
Saudi Arabia
United Arab Emirates
...

Sector focus

Cyber Security
Finance
Financial Services
Venture Capital

Investment portfolio

46rounds
NAMEDATESIZE
Paymob
Sep 2026Participated
$35 MSeries C
Maalexi
Jun 2026Led
$3 MOther Equity
ICEYE
May 2026Participated
$348 MDebt
PoliCloud
Jun 2025Led
$9 MSeed
Tarjama
May 2025Led
$15 MSeries A
Iyris
May 2024Participated
$16 MSeries A
Hakbah
Jan 2024Participated
$5 MSeries A
Maalexi
Jan 2024Led
$3 MSeries A
Immensa
Nov 2023Led
$20 MSeries B
spiderSilk
Nov 2023Participated
$9 MOther Equity
Almouneer
Oct 2023Led
$4 MSeed
Elsa
Sep 2023Participated
$23 MSeries C
Paymob
Sep 2026Participated
$35 MSeries C
Maalexi
Jun 2026Led
$3 MOther Equity
ICEYE
May 2026Participated
$348 MDebt
PoliCloud
Jun 2025Led
$9 MSeed
Tarjama
May 2025Led
$15 MSeries A
Iyris
May 2024Participated
$16 MSeries A
Hakbah
Jan 2024Participated
$5 MSeries A
Maalexi
Jan 2024Led
$3 MSeries A
Immensa
Nov 2023Led
$20 MSeries B
spiderSilk
Nov 2023Participated
$9 MOther Equity
Almouneer
Oct 2023Led
$4 MSeed
Elsa
Sep 2023Participated
$23 MSeries C
46
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...
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Insights

Time horizon

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Deal Distribution

Global Ventures: 46 funding rounds are recorded in the selected participation categories.All available history.
Global Ventures: 46 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed83
Series A99
Series B45
Series C+03
Other Equity22
Debt01

Monthly Deal Activity

Global Ventures: 46 deals are recorded across 81 months.All available history.
Global Ventures: 46 deals are recorded across 81 months. All available history
MonthDeals
Feb '202
Mar '200
Apr '200
May '201
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '201
Jan '211
Feb '211
Mar '210
Apr '213
May '211
Jun '212
Jul '210
Aug '211
Sep '211
Oct '210
Nov '212
Dec '212
Jan '220
Feb '221
Mar '221
Apr '221
May '221
Jun '223
Jul '221
Aug '221
Sep '223
Oct '221
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '230
May '230
Jun '232
Jul '230
Aug '230
Sep '231
Oct '231
Nov '232
Dec '230
Jan '242
Feb '240
Mar '240
Apr '240
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '251
Jun '251
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '261
Jun '261
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Global Ventures: Fintech is the largest displayed sector by deal count (19 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.

Global Ventures: Fintech is the largest displayed sector by deal count (19 deals). All available history
SectorDeals
Fintech19
Networks, Cloud & Communication13
Enterprise Software12
Health & Life Sciences11
Professional Services10
Education & Workforce6
E-Commerce & Retail6
AI & Machine Learning6
AR/VR3
Data, Analytics & IT3
Crypto & Blockchain3
Food & Agriculture3
Cybersecurity & Privacy2
Clean Energy & Sustainability2
Consumer & Lifestyle2
Marketing & Advertising2
Manufacturing2
Travel & Hospitality1
Space & Frontier Tech1
Transportation & Logistics1
Hardware & Robotics1
Media & Entertainment1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

Global Ventures: 46 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.

Global Ventures: 46 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M12
$5M-$10M10
$10M-$25M12
$25M-$50M7
$50M-$100M3
$100M-$250M0
$250M-$500M2
$500M-$1B0
$1B+0

Deals By Geography

Global Ventures: United States has the largest recorded deal count among the displayed regions (14 deals).All available history.

Top 10 of 10 regions; European countries are grouped as Europe.

Global Ventures: United States has the largest recorded deal count among the displayed regions (14 deals). All available history
RegionDeals
United States14
Egypt11
Europe7
United Arab Emirates4
Nigeria3
Saudi Arabia3
Philippines1
Kenya1
Pakistan1
India1
Global Ventures: 20 co-investors are shown, with BECO 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

Global Ventures: Led accounts for 50% and participating for 50% of round participation.All available history.
Global Ventures: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led2350%
Participating2350%
Global Ventures: Single-lead accounts for 52% and co-led for 48% of lead dynamics.All available history.
Global Ventures: Single-lead accounts for 52% and co-led for 48% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1252%
Co-led1148%

Team

Amal Enan

Managing Director

Basil Moftah

General Partner

Cherry Penalosa

Administrative Assistant

Maria Najjar

Content Consultant

Marwan Galal

Technology Consultant

Noor Sweid

Founder & Managing Partner

Sara Enan

Associate

Taj Najjar

Analyst