Led · Seed · Dec 2025

Founded in 2022 in the United States by Hamad Aldighrir, Ye Gu, and San X., Lucid Capital has since relocated its headquarters to the UAE, where it develops AI-powered, algorithmic trading systems. The company combines quantitative investment models with autonomous AI agents capable of adaptive frequency control to optimize real-time trade execution and manage risk in volatile markets. Its platform targets both U.S. equity and digital asset markets, aiming to scale across additional global asset classes. Recent development priorities include expanding trading infrastructure, deepening institutional partnerships, and advancing in-house AI research. To fuel this roadmap, Lucid Capital not only raised new equity but also secured significant trading capital commitments, allowing it to deploy larger strategies without diluting ownership. The firm positions itself at the intersection of fintech and quantitative finance, leveraging machine learning to deliver consistent, data-driven returns. No revenue or user metrics have been publicly disclosed.

Led · Equity · Nov 2019

Adzily operates a network of digital display screens installed in cafes, gyms and restaurants and sells indoor advertising inventory. The startup raised a $12.2 million investment from Saudi investment firm Tharawat Holding Company and will use the capital to expand its screen network across Egypt and Saudi Arabia. Menabytes reported this is the company’s first round of external funding. Adzily was founded last year by Ahmed Ashoor, Mostafa Hendawy, Mostafa Kamshish, and Mohamed Ossman and is based in Sheikh Zayed City in the Giza Governorate. The company currently has 200 screens in Egypt and plans to add 1,000 more in the next three months, targeting 5,000 screens in Egypt by 2020; it also aims to install 5,000 screens in Saudi Arabia next year and another 5,000 by 2021. Ventureburn described the deal as among the biggest venture capital deals in Egypt this year.