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The Venture Codex

Shorooq Partners

405 & 406, 14, Al Sarab Tower, Abu Dhabi Global Market Square, Maryah Island, Abu Dhabi, United Arab Emirates

Overview

Founded in 2017, Shorooq Partners is the leading alternative investment manager across the Middle East and North Africa regions. The firm’s venture capital and private credit funds invest in the most innovative technology companies. The firm has built deep sectoral expertise in Fintech, Platforms, Software, Gaming and Web3.0. Shorooq Partners has backed market leading disruptors including Pure Harvest Smart Farms, Nymcard, Tamara, Sarwa, Lean Technologies, TruKKer, Mozn and Lendo. Since its inception, Shorooq Partners was built on the principle of being founders’ partners, company builders and value investors. Shorooq Partners is a pan regional firm with direct and indirect presence across Abu Dhabi, Dubai, Riyadh, Egypt and Korea. Shorooq Partners refers to a group of companies that are affiliates of each other and which operate under this business name, of which Shorooq Partners Ltd (regulated by the ADGM Financial Services Regulatory Authority FSRA FSP: 190004) is a member.

Total investments
63
Lead investments
27
Investments · 12mo
7
Active investors
11

Sector focus

  • Advertising
  • Financial Services
  • FinTech
  • Health Care
  • Industrial
  • Information Technology
  • Manufacturing
  • Software
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Investment portfolio

  • Aumet

    Participated · Series A · May 2026

    Aumet builds an AI-first procurement operating system and inventory management software tailored to pharmacies, hospitals, and healthcare systems. Its platform focuses on automating procurement workflows and improving operational decision-making across the healthcare supply chain. The company targets markets where healthcare procurement relies on fragmented legacy systems that create inefficiencies. With the new funding, Aumet plans to expand its AI capabilities and scale enterprise deployments. It also intends to use the capital to enter additional GCC markets. The articles do not provide revenue, user, or founding-year metrics.

  • Advanced Machine Intelligence (AMI)

    Participated · Seed · Mar 2026

    Advanced Machine Intelligence (AMI) is an artificial intelligence research company founded by Yann LeCun that focuses on building new self-supervised learning systems known as Joint Embedding Predictive Architectures (JEPA). Unlike traditional large language models that predict the next word, JEPA is designed to understand and reason about the physical world through multimodal sensor data, enabling planning and decision-making. The company plans to translate this core technology into products for industrial process control, automation, wearable devices, robotics, and healthcare, where reliability and safety are paramount. AMI maintains its headquarters in Paris with additional offices in Singapore, New York City, and Montreal. Although still pre-revenue, the firm’s substantial seed financing positions it to invest heavily in research talent and compute infrastructure. The $3.50 billion pre-money valuation reflects investor confidence in the commercial potential of its foundational AI approach.

  • Safqah Capital

    Led · Seed · Feb 2026

    Founded in 2023 by Abdullah Alsubaie, Karim Merie, Abdulmalik Alothman and Omar Alessa, Safqah Capital offers a digital platform that connects individual and corporate investors with SME real-estate developers through Sharia-compliant, debt-based crowdfunding instruments. The company specializes in structuring Sukuk to finance land purchases and project development, giving developers access to alternative capital while opening real-estate investment opportunities to a broader investor base. Over its first 18 months, Safqah has financed more than 70 development projects with an aggregate value exceeding $800 million across Saudi Arabia. Its platform combines fintech and proptech capabilities and plans to integrate advanced AI-driven risk assessment and underwriting tools. The firm intends to expand its financing capacity and further scale its technology infrastructure with the newly raised capital. Safqah’s model targets the growing demand for transparent, Sharia-compliant real-estate financing solutions in the GCC. The company is headquartered in Riyadh, Saudi Arabia.

  • Open.cx

    Participated · Equity · Jan 2026

    Founded in 2022 by Mohammad Gharbat and Mohammad Tabaza, OpenCX began as an open-source project used by tens of thousands of developers before evolving into a commercial enterprise platform. The software combines an AI engine with omni-channel routing to automate over 70% of end-to-end customer communication workflows, including support, inbound and outbound calling, and messaging. It is positioned for highly regulated, mission-critical sectors such as fintech, healthcare, and large-scale consumer platforms, with customers including MoneyGram.com, More.com, Viva.com, and Mollie.com. The platform’s AI agents are designed to understand complex context and orchestrate multi-step exchanges that feel human rather than scripted. OpenCX employs an outcome-based pricing model tied to successful automation and offers a one-month, risk-free implementation. Looking ahead, the company intends to establish a Saudi Arabia office and expand across the GCC, hiring locally to capture the region’s accelerating AI adoption. The recent funding provides resources to scale global enterprise adoption while maintaining high standards of responsiveness, empathy, and regulatory compliance.

  • Crunched

    Participated · Seed · Jan 2026

    Crunched embeds an AI analyst directly inside Microsoft Excel, automating time-consuming tasks such as populating model templates, hunting circular-reference errors, and extracting data from PDFs or web research. The product targets highly trained associates and analysts, allowing them to shift focus from manual model building to higher-level strategic thinking. Since launching three months ago, firms on four continents have adopted the tool and report 50% or greater time savings on complex Excel work. The platform is designed with enterprise-grade security, including leading certifications and a strict policy of not training models on client data. Looking forward, the team plans to deepen the product’s capabilities by connecting to customers’ internal data sources and adapting to firm-specific modeling workflows. Revenue figures were not disclosed, but the company has secured seed financing to accelerate hiring and product development.

Team