KISP Ventures
Floor 33 - Baitak Tower Ahmed Al Jaber Street, Safat, Al Kuwayt, Kuwait
Overview
KISP Ventures is a shariah compliant venture capital firm that invest in early stage technology companies in the MENA region. It is sponsored by KFH Capital, the investment arm of Kuwait Finance House (KFH). Its goal is to provide entrepreneurs with growth capital and the right strategic support to build innovative companies with accelerated growth. The company’s shariah compliant ethics means it is committed to building an ecosystem in the region by encouraging ‘Founder-Friendly’ financing terms that give the portfolio companies a level playing field.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 3
Sector focus
- FinTech
- Venture Capital
Investment portfolio
- COFE App
Led · Series A · Feb 2019
Cofe operates a mobile app that streamlines coffee ordering and connects users to a wide range of international franchises and local coffee brands through multiple services. Its Cofe Market ecommerce offering lets customers buy coffee beans, machines and other home‑brewing accessories. The platform currently operates in Kuwait, KSA, UAE, and Egypt and has international expansion in the pipeline. Founded by Ali Al‑Ebrahim in November 2018, the company positions itself as a regional marketplace for both on‑the‑go orders and at‑home coffee needs. Cofe recently completed a $15M Series B and intends to use the proceeds to accelerate growth and expand operations. COFE operates an online marketplace offering access to international chains and specialty roasters, plus machines, beans, accessories and other merchandise. Its app includes customer-centric features such as a referral program, rewards points, and gift cards to support at-home brewing and digital ordering trends. The company has sold its one millionth cup and placed among the top five startups in the Tech Innovation category at the London Coffee Shop Innovation Expo. COFE currently operates in Kuwait, Saudi Arabia, the UAE and the UK and plans expansion into Egypt and Turkey. The business intends to hire and build specialized teams in each market and to launch new products for partner vendors and baristas. The company is targeting vendor and customer acquisition as key growth levers in its operational and expansion markets. Cofe App is a Kuwait-based mobile marketplace that brings international franchises and artisanal coffee shops onto a single intelligent platform. The app enables featured shops to expand their offerings online and includes a customer rewards program for points and redemptions. It supports extensive drink customization (sugar, milk type, add-ons) and multiple delivery options, including fast delivery to office or home, store pickup, and in-car delivery. The platform also offers catering services for meetings and private banquets, on-site kiosk and barista services, and multiple payment methods including cash-on-delivery, debit/credit cards and credit on account. The app is available in both English and Arabic and is led by founder and CEO Ali Al Ebrahim. In a Series A round reported in 2019 the company secured seven-figure funding and was valued at USD$25 million; proceeds are intended to support worldwide expansion plans. Cofe App operates a coffee-centric marketplace app that connects coffeehouse chains and independent roasters with people. The company was founded in the summer of 2017 by Ali Al Ebrahim and beta launched its app in February 2018. It is based in Kuwait. In February 2019 Cofe App secured $3.2m in Pre-Series A funding. The round was led by Kisp Ventures (a fund established by KFH Capital and Cedar Mundi) and included Towell Holding International, Takamul Capital, Dividend Gate Capital, Nizar AlNusif Sons Holding and Arab Investment Company. The investment was facilitated by FTL Legal Services. The article does not disclose revenue, user metrics, valuation, or instrument details beyond the Pre-Series A funding.
- POSRocket
Participated · Equity · Aug 2018
POSRocket develops cloud-based POS software launched in 2016 to help restaurants and other retailers manage inventory, optimize staffing, generate sales reports, and monitor transactions remotely in real time. Its product targets SMEs and is designed to avoid complex on-premise setups or dedicated IT staff. The majority of the company's customers are in the MENA region's F&B vertical, though the product is positioned to serve retail, services, and entertainment verticals as well. POSRocket emphasizes features that enable scaling operations, improving customer experience, and reducing overhead. The startup plans to invest its latest funding into product research and development, operations management, talent acquisition and training, expanding sales into untouched MENA markets, and forming long-term partnerships. Financially, this is POSRocket's second funding round, bringing its total raised to about $2.15 million to date.