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The Venture Codex

Plus VC

14th Floor, WeWork Hub71, Al Khatem Tower, Al Maryah Island, Abu Dhabi, United Arab Emirates

Overview

Plus Venture Capital is an early-stage venture capital firm that invests in seed to Series A technology startups across the MENA region and diaspora.

Total investments
26
Lead investments
3
Investments · 12mo
14
Active investors
1

Sector focus

  • Financial Services
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Investment portfolio

  • Siin

    Participated · Equity · May 2026

    Founded in 2024 by Ahmed Allawi, Hesham AlSaati and Khaled Albalooshi, Siin operates a live commerce marketplace that lets users buy and sell high-value goods via real-time livestreams and gamified shopping formats. The platform has scaled across Saudi Arabia, the UAE, Kuwait, Bahrain, Qatar and Oman and claims to have powered thousands of sellers, facilitated the sale of hundreds of thousands of items, and hosted tens of thousands of hours of live streaming. Siin is backed by regional programs such as Hub71 and InspireU and has attracted strategic regional investors. The company plans to use its recently raised capital to accelerate regional expansion, deepen its seller ecosystem, and scale its in-house platform. Siin positions itself as a localized leader in social and live commerce for the GCC.

  • Lola

    Participated · Seed · Apr 2026

    Lola operates a cake ordering and customisation platform serving customers across Bahrain, Saudi Arabia, the UAE, Qatar and Kuwait. The company was founded in 2023 by Othman Janahi and has raised a $1.3M pre-seed in February 2025 and a $3M seed round led by Vision Ventures. Lola plans to build a central production facility in Dammam and roll out a network of cloud bakeries to improve quality and scale operations. It aims to expand beyond cakes into a broader gifting platform. The recent capital injection is intended to fund these operational and expansion initiatives.

  • estaie

    Led · Seed · Apr 2026

    estaie builds pricing, inventory and distribution systems specialized for stays of 30 to 365 nights, seeking to connect hotels, serviced apartments and holiday homes with extended-stay demand. Launched in April 2025 and based in Dubai, the platform has signed 400 hotels and 1,000 holiday homes and recorded more than 3,000 room nights booked with month-over-month growth of 17–18%. The company offers guaranteed discounts of at least 32% for extended stays and has developed its technology in-house, with three pending patents. The founding team includes CEO Osama Shawky, CTO Nimit Solanki (formerly at Careem and Grab), and COO Mark Reed. estaie is supported by TECOM Group’s in5 incubator and plans expansion into Saudi Arabia as its next major market, funded in part by its recent $1M pre-seed raise.

  • Qureos

    Participated · Seed · Feb 2026

    Qureos is a Dubai, UAE-based company offering an AI-driven hiring platform that automates sourcing, screening and interviewing for enterprise recruiters. Its technology matches candidates to roles across the broader market by analysing fit and growth potential, aiming to shorten time-to-hire and improve placement quality. Built in the Middle East, the platform already serves customers and candidates across MENA and in the United States. The company was founded by Alexander Epure and Usama Nini. Qureos plans to deepen its artificial-intelligence capabilities, enlarge its go-to-market organisation and expand geographically through enterprise and agency partnerships. The recently raised US$5 million seed round provides the financial runway to execute these initiatives.

  • Yozo.ai

    Participated · Seed · Feb 2026

    Founded in 2025 and headquartered in Abu Dhabi, Yozo.ai is building an AI growth agent that autonomously designs, executes, tests, and optimizes marketing workflows for online retailers. Merchants simply connect their sales channels and approve campaigns, after which the platform handles ongoing retention and conversion efforts across email, WhatsApp, and SMS without manual oversight. The system is positioned as an all-in-one revenue engine intended to recapture sales often missed because of fragmented tools or limited in-house capacity. Yozo.ai’s technology focuses on boosting customer lifetime value through data-driven communication and continuous experimentation. The company has raised $1.7 million in pre-seed capital, its first disclosed funding, to accelerate product development and expand its engineering team. Proceeds will also support international expansion beyond the MENA region. Although operating metrics such as revenue or user counts have not been disclosed, the fresh capital provides runway to refine the product and enter new markets.

Team

  • Hasan Haider

    Founder and Managing Partner

    LinkedIn