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The Venture Codex

Sukna Ventures

Narjis View, Narjis, Riyadh, Ar Riyad, 13336, Saudi Arabia

Overview

Venture studio and fund.

Founded

2016

Deals · 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Egypt
Iceland
Saudi Arabia
United Arab Emirates
...

Sector focus

—

Investment portfolio

12rounds
NAMEDATESIZE
OCTA
Sep 2026Participated
$4 MSeed
Clarity
Sep 2025Participated
$12 MOther Equity
Flend
Jul 2025Participated
$3 MSeed
InfiniLink
Mar 2025Led
$10 MSeed
Hefring Marine
May 2024Participated
$2 MOther Equity
MoneyHash
Feb 2024Led
$5 MSeed
Marn.io
Feb 2023Led
$1 MSeed
Marn
Feb 2023Led
$1 MSeed
Anari AI
Jan 2023Participated
$3 MSeed
Classera
Oct 2022Participated
$40 MSeries A
Mozn
Feb 2022Participated
$10 MSeries A
FlexxPay
Feb 2021Participated
$3 MSeries A
OCTA
Sep 2026Participated
$4 MSeed
Clarity
Sep 2025Participated
$12 MOther Equity
Flend
Jul 2025Participated
$3 MSeed
InfiniLink
Mar 2025Led
$10 MSeed
Hefring Marine
May 2024Participated
$2 MOther Equity
MoneyHash
Feb 2024Led
$5 MSeed
Marn.io
Feb 2023Led
$1 MSeed
Marn
Feb 2023Led
$1 MSeed
Anari AI
Jan 2023Participated
$3 MSeed
Classera
Oct 2022Participated
$40 MSeries A
Mozn
Feb 2022Participated
$10 MSeries A
FlexxPay
Feb 2021Participated
$3 MSeries A
12
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Insights

Time horizon

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Deal Distribution

Sukna Ventures: 12 funding rounds are recorded in the selected participation categories.All available history.
Sukna Ventures: 12 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed43
Series A03
Other Equity02

Monthly Deal Activity

Sukna Ventures: 12 deals are recorded across 69 months.All available history.
Sukna Ventures: 12 deals are recorded across 69 months. All available history
MonthDeals
Feb '211
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '221
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '221
Nov '220
Dec '220
Jan '231
Feb '232
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '241
Mar '240
Apr '240
May '241
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '251
Apr '250
May '250
Jun '250
Jul '251
Aug '250
Sep '251
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Sukna Ventures: Enterprise Software is the largest displayed sector by deal count (4 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.

Sukna Ventures: Enterprise Software is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
Enterprise Software4
Fintech4
AI & Machine Learning4
Professional Services2
Data, Analytics & IT2
Space & Frontier Tech2
Networks, Cloud & Communication1
Education & Workforce1
Government & Defense1
E-Commerce & Retail1
Cybersecurity & Privacy1
Food & Agriculture1
Transportation & Logistics1

Deal Size Distribution

Sukna Ventures: 12 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.

Sukna Ventures: 12 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M0
$10M-$25M3
$25M-$50M1
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Sukna Ventures: United States has the largest recorded deal count among the displayed regions (4 deals).All available history.

Top 5 of 5 regions; European countries are grouped as Europe.

Sukna Ventures: United States has the largest recorded deal count among the displayed regions (4 deals). All available history
RegionDeals
United States4
Saudi Arabia3
Egypt2
United Arab Emirates2
Europe1
Sukna Ventures: 20 co-investors are shown, with Egypt Ventures sharing 2 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.

Sukna Ventures: 20 co-investors are shown, with Egypt Ventures sharing 2 recorded deals. All available history
Co-investorShared deals
Egypt Ventures2
VentureSouq2
500 Global1
A-typical Ventures1
Acequia Capital1
Al Majidiya Investment Company1
Arzan Venture Capital1
Banque Misr1
Camel Ventures1
COTU Ventures1
DIFC1
Dubai Future District Fund1
Earlybird Venture Capital1
Endeavor Catalyst1
Entrada Ventures1
Faber Ventures1
Global Ventures1
Idlewild Management1
Innoport1
JIMCO1

Investment Strategy

Sukna Ventures: Led accounts for 33% and participating for 67% of round participation.All available history.
Sukna Ventures: Led accounts for 33% and participating for 67% of round participation. All available history
CategoryDeals (count)Share (%)
Led433%
Participating867%
Sukna Ventures: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
Sukna Ventures: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead250%
Co-led250%

Team

Fares Bardeesi

Co-Founder, General Partner & Managing Partner

Hattan Tashkandi

Co-Founder & Partner