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The Venture Codex

Overview

Alternative investment manager focusing on technology companies in MENA.

Founded

2017

Deals ยท 12mo

7

Stage focus

Seed
Series A

Geographic focus

Egypt
Pakistan
Saudi Arabia
United Arab Emirates
...

Sector focus

Advertising
Financial Services
FinTech
Health Care
...

Investment portfolio

63rounds
NAMEDATESIZE
Aumet
May 2026Participated
$12 MSeries A
Advanced Machine Intelligence (AMI)
Mar 2026Participated
$1.0 BSeed
Safqah Capital
Feb 2026Led
$15 MSeed
Open.cx
Jan 2026Participated
$7 MOther Equity
Crunched
Jan 2026Participated
$6 MSeed
Roamless
Dec 2025Participated
$12 MSeries A
Strataphy
Nov 2025Led
$6 MSeed
qlub
Jul 2025Led
$30 MOther Equity
Rekaz
Jul 2025Participated
$5 MSeed
Nawy
May 2025Participated
$75 MSeries A
CQR
Feb 2025Led
$3 MOther Equity
Pemo
Nov 2024Participated
$7 MOther Equity
Aumet
May 2026Participated
$12 MSeries A
Advanced Machine Intelligence (AMI)
Mar 2026Participated
$1.0 BSeed
Safqah Capital
Feb 2026Led
$15 MSeed
Open.cx
Jan 2026Participated
$7 MOther Equity
Crunched
Jan 2026Participated
$6 MSeed
Roamless
Dec 2025Participated
$12 MSeries A
Strataphy
Nov 2025Led
$6 MSeed
qlub
Jul 2025Led
$30 MOther Equity
Rekaz
Jul 2025Participated
$5 MSeed
Nawy
May 2025Participated
$75 MSeries A
CQR
Feb 2025Led
$3 MOther Equity
Pemo
Nov 2024Participated
$7 MOther Equity
63
Items
...
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Insights

Time horizon

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Deal Distribution

Shorooq Partners: 63 funding rounds are recorded in the selected participation categories.All available history.
Shorooq Partners: 63 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed1210
Series A815
Series B04
Series C+01
Other Equity65
Debt11

Monthly Deal Activity

Shorooq Partners: 63 deals are recorded across 108 months.All available history.
Shorooq Partners: 63 deals are recorded across 108 months. All available history
MonthDeals
Nov '171
Dec '170
Jan '180
Feb '180
Mar '181
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '181
Oct '180
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 '191
Dec '190
Jan '201
Feb '200
Mar '200
Apr '201
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '201
Nov '200
Dec '200
Jan '210
Feb '211
Mar '211
Apr '210
May '210
Jun '210
Jul '210
Aug '211
Sep '213
Oct '211
Nov '212
Dec '211
Jan '223
Feb '222
Mar '221
Apr '223
May '222
Jun '222
Jul '221
Aug '220
Sep '220
Oct '221
Nov '220
Dec '220
Jan '230
Feb '230
Mar '232
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '233
Nov '232
Dec '232
Jan '241
Feb '241
Mar '241
Apr '240
May '240
Jun '241
Jul '244
Aug '240
Sep '240
Oct '241
Nov '242
Dec '240
Jan '250
Feb '251
Mar '250
Apr '250
May '251
Jun '250
Jul '252
Aug '250
Sep '250
Oct '250
Nov '251
Dec '251
Jan '262
Feb '261
Mar '261
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Shorooq Partners: Fintech is the largest displayed sector by deal count (22 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.

Shorooq Partners: Fintech is the largest displayed sector by deal count (22 deals). All available history
SectorDeals
Fintech22
Networks, Cloud & Communication17
Enterprise Software14
E-Commerce & Retail12
Transportation & Logistics11
AI & Machine Learning11
Food & Agriculture9
Professional Services6
Clean Energy & Sustainability5
Travel & Hospitality4
Data, Analytics & IT4
Real Estate & Construction4
Manufacturing4
AR/VR3
Crypto & Blockchain3
Hardware & Robotics3
Media & Entertainment3
Health & Life Sciences3
Cybersecurity & Privacy2
Social & Community Platforms2
Space & Frontier Tech1
Marketing & Advertising1
Gaming & eSports1
Developer Tools1

Deal Size Distribution

Shorooq Partners: 63 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.

Shorooq Partners: 63 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M24
$5M-$10M13
$10M-$25M16
$25M-$50M6
$50M-$100M1
$100M-$250M1
$250M-$500M1
$500M-$1B0
$1B+1

Deals By Geography

Shorooq Partners: United Arab Emirates has the largest recorded deal count among the displayed regions (15 deals).All available history.

Top 10 of 11 regions; European countries are grouped as Europe.

Shorooq Partners: United Arab Emirates has the largest recorded deal count among the displayed regions (15 deals). All available history
RegionDeals
United Arab Emirates15
Saudi Arabia15
United States10
Pakistan7
Egypt5
Europe5
Bangladesh2
Hong Kong1
Nigeria1
Jordan1
Shorooq Partners: 20 co-investors are shown, with 500 Global sharing 10 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

Shorooq Partners: Led accounts for 43% and participating for 57% of round participation.All available history.
Shorooq Partners: Led accounts for 43% and participating for 57% of round participation. All available history
CategoryDeals (count)Share (%)
Led2743%
Participating3657%
Shorooq Partners: Single-lead accounts for 52% and co-led for 48% of lead dynamics.All available history.
Shorooq Partners: Single-lead accounts for 52% and co-led for 48% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1452%
Co-led1348%

Team

Bilal Baloch

Co-Founder & Co-CEO

Kunal Savjani

Managing Partner

Mahmoud Adi

Founding Partner

Nathan Kwon

Principal & Korea Lead

Omer Zabit

Principal

Shane (You Keun) Shin

Co-Founder & Managing Partner

Tamer Azer

Partner