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The Venture Codex

Oman Technology Fund

Ground floor, KOM 5 Knowledge Oasis Muscat, Muscat, Masqat, 135, Oman

Overview

otf has 3 micro-funds which invests in: • Idea Stage: Techween - Investment program ($50K Seed Ticket with potential follow on) • Acceleration Stage: Wadi Accelerator (Initial ~$100K ticket with potential follow on) • Growth Stage: Jasoor Ventures ($0.5M-3M - with follow on reserves)

Total investments
14
Lead investments
4
Investments · 12mo
3
Active investors
5

Sector focus

  • Impact Investing
  • Venture Capital
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Investment portfolio

  • eMushrif

    Led · Equity · Jan 2026

    Founded in 2017 by Adnan Alshuaili, Issa Alshuaili and Awadh Al Shukaili, eMushrif offers an integrated hardware-and-software platform that brings real-time visibility, safety monitoring and route optimization to school bus fleets. The company’s AI- and IoT-enabled system serves more than 120,000 students across public and private schools in Oman and Kuwait, working closely with both government bodies and private operators. By combining vehicle-mounted sensors, student check-in hardware and cloud dashboards, eMushrif gives parents, schools and regulators up-to-the-minute data on bus location and student safety. In 2021, the company expanded its product footprint through the acquisition of Egypt-based transport tracking app Tareeqi. With fresh capital, eMushrif plans to scale into Saudi Arabia and the UAE while continuing to invest in product development and operational capabilities in its core markets. The firm positions itself within a multi-billion-dollar global market for student transportation safety and compliance technologies.

  • TabSense

    Led · Equity · Oct 2025

    Founded in 2024, TabSense has built what it calls the first AI Agentic Point of Sale (PoS) system designed for multi-branch and franchise restaurants and cafés. Its cloud platform replaces traditional PoS software with AI agents that automate menu optimisation, generate product recommendations, analyse customer behaviour, and deliver real-time operational insights. Marketed as an “intelligent teammate,” the product is intended to let restaurant operators focus on growth and service quality while the software handles routine management tasks. The company already serves more than 1,000 restaurant and café clients across Saudi Arabia and Jordan and maintains partnerships with telecom giants STC and Zain, alongside integrations with major banks. Fresh capital will be channelled into product innovation, expanding regional sales, and enlarging TabSense’s engineering and AI teams. The firm ultimately plans rapid expansion across the MENA region and other international markets. No revenue figures were disclosed, but management positions the company at the forefront of AI-driven transformation in hospitality.

  • KitchenomiKs

    Led · Equity · Oct 2025

    Founded in 2022 by Aankush Bhatia, Aju Samuel, and Shrikanth Shenoy, KitchenomiKs builds and operates a tech-enabled food production network anchored by a large central kitchen in Muscat and a growing web of satellite kitchens. Through this infrastructure the company has served more than one million meals and runs 13 proprietary virtual restaurant brands. KitchenomiKs also provides enterprise-scale food-and-beverage services for local and international partners, positioning itself as a full-stack food solutions provider. Its proprietary AI platform, KiKsIQ, optimizes meal preparation, delivery logistics, and customer experience. The company characterizes itself as the fastest-growing food-tech player in Oman and plans to extend operations across the GCC. To date, KitchenomiKs has attracted $6.7 million in total funding, underscoring investor confidence in its data-driven approach to scalable food services.

  • Nana

    Participated · Series A · Oct 2024

    Dastgyr is a demand-led B2B marketplace launched in 2020 that connects retailers with suppliers, manufacturers and wholesalers to enable wholesale ordering and next-day delivery. The platform offers a sellers app for product uploads, pricing and purchase orders while buyers use the marketplace to order inventory. Dastgyr expanded beyond FMCG into electronics, pharmaceuticals, industrial goods, raw materials and construction materials. It uses a cross-docking, asset-light fulfilment model to move goods quickly and offers Shariah-compliant lending services for largely unbanked or underbanked sellers and buyers. The company targets Pakistan’s ~2 million SMBs and the broader SMB market opportunity cited at around $150 billion in value. Following the raise, Dastgyr plans further geographic expansion and to broaden fintech offerings while investing in technology and people.

  • Elevatus

    Participated · Series A · Sep 2022

    Elevatus is an all-in-one hiring platform and video interviewing software that offers AI-powered solutions, including its EVA-REC hiring platform and video interviewing tools. Launched in 2019, the company has become a go-to solution for over 150 companies, including Samsung, RE/MAX, Omantel, Arab Bank, Dr Suleiman Al-Habib Medical Group, Virgin Mobile, King Abdullah University of Science & Technology, and STC Academy. Its technology integrates with providers such as SAP, Oracle, Zoom, Slack, DocuSign, Google Meet, Glassdoor, and Indeed. Since starting more than three years ago, Elevatus says it has helped businesses hire thousands of applicants and conducted over 3 million video interviews worldwide, while tripling its headcount. The company reports its AI algorithm accuracy improved from 65% to 94% over a three-year period. With new capital, Elevatus plans to expand into new markets, invest in product innovation, and accelerate its business expansion across the HR tech sector.

Team