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The Venture Codex

Overview

Venture capital firm funding seed and early-stage startups in MENA.

Founded

2015

Deals ยท 12mo

6

Stage focus

Seed
Series A
Series B

Geographic focus

Egypt
Saudi Arabia
United Arab Emirates

Sector focus

Business Development
Business Intelligence
Financial Services
Professional Services
...

Investment portfolio

36rounds
NAMEDATESIZE
Think
Jul 2026Led
$8 MSeed
Stitch
May 2026Participated
$25 MSeries A
Signit
Apr 2026Led
$15 MSeries A
Aya
Apr 2026Led
$7 MSeries A
Deep.SA
Feb 2026Participated
$1 MSeed
Simplified Financial Solutions Company
Feb 2026Led
$20 MSeries A
Hala
Sep 2025Participated
$157 MSeries B
Deep.SA
Aug 2025Led
$1 MSeed
BloomPath
Apr 2025Led
$1 MSeed
ClearGrid
Mar 2025Participated
$10 MSeed
Taager
Feb 2025Participated
$7 MSeries B
Wafeq
Dec 2024Participated
$7 MSeries A
Think
Jul 2026Led
$8 MSeed
Stitch
May 2026Participated
$25 MSeries A
Signit
Apr 2026Led
$15 MSeries A
Aya
Apr 2026Led
$7 MSeries A
Deep.SA
Feb 2026Participated
$1 MSeed
Simplified Financial Solutions Company
Feb 2026Led
$20 MSeries A
Hala
Sep 2025Participated
$157 MSeries B
Deep.SA
Aug 2025Led
$1 MSeed
BloomPath
Apr 2025Led
$1 MSeed
ClearGrid
Mar 2025Participated
$10 MSeed
Taager
Feb 2025Participated
$7 MSeries B
Wafeq
Dec 2024Participated
$7 MSeries A
36
Items
...
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Insights

Time horizon

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Deal Distribution

Raed Ventures: 36 funding rounds are recorded in the selected participation categories.All available history.
Raed Ventures: 36 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed96
Series A75
Series B15
Series C+01
Other Equity20

Monthly Deal Activity

Raed Ventures: 36 deals are recorded across 114 months.All available history.
Raed Ventures: 36 deals are recorded across 114 months. All available history
MonthDeals
May '171
Jun '170
Jul '170
Aug '170
Sep '170
Oct '171
Nov '170
Dec '170
Jan '180
Feb '181
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '181
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '201
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '211
Jun '212
Jul '211
Aug '211
Sep '210
Oct '210
Nov '212
Dec '212
Jan '221
Feb '221
Mar '220
Apr '220
May '221
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '231
Feb '231
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '231
Dec '230
Jan '242
Feb '240
Mar '241
Apr '240
May '240
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '241
Jan '250
Feb '251
Mar '251
Apr '251
May '250
Jun '250
Jul '250
Aug '251
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '262
Mar '260
Apr '262
May '261
Jun '260
Jul '261
Aug '260
Sep '260
Oct '260

Sector Breakdown

Raed Ventures: Enterprise Software is the largest displayed sector by deal count (13 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.

Raed Ventures: Enterprise Software is the largest displayed sector by deal count (13 deals). All available history
SectorDeals
Enterprise Software13
E-Commerce & Retail12
Fintech11
Networks, Cloud & Communication9
AI & Machine Learning7
Professional Services6
Transportation & Logistics4
Data, Analytics & IT3
Space & Frontier Tech3
Marketing & Advertising3
Food & Agriculture3
Cybersecurity & Privacy2
Consumer & Lifestyle2
Education & Workforce1
Clean Energy & Sustainability1
Hardware & Robotics1
Media & Entertainment1
Gaming & eSports1
Social & Community Platforms1

Deal Size Distribution

Raed Ventures: 36 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.

Raed Ventures: 36 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M10
$10M-$25M10
$25M-$50M6
$50M-$100M1
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Raed Ventures: Saudi Arabia has the largest recorded deal count among the displayed regions (19 deals).All available history.

Top 7 of 7 regions; European countries are grouped as Europe.

Raed Ventures: Saudi Arabia has the largest recorded deal count among the displayed regions (19 deals). All available history
RegionDeals
Saudi Arabia19
United Arab Emirates7
Egypt6
Pakistan1
United States1
Jordan1
India1
Raed Ventures: 20 co-investors are shown, with STV sharing 7 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

Raed Ventures: Led accounts for 53% and participating for 47% of round participation.All available history.
Raed Ventures: Led accounts for 53% and participating for 47% of round participation. All available history
CategoryDeals (count)Share (%)
Led1953%
Participating1747%
Raed Ventures: Single-lead accounts for 47% and co-led for 53% of lead dynamics.All available history.
Raed Ventures: Single-lead accounts for 47% and co-led for 53% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead947%
Co-led1053%

Team

Eyad Alharbi

Senior Associate

Omar A. Almajdouie

Founding Partner & CEO

Saed Nashef

Founding Partner

Talal Alasmari

Founding Partner

Wael Nafee

Partner