VentureSouq is a venture capital firm headquartered in Dubai, United Arab Emirates. It was launched in 2013 by Sonia Gokhale, Sonia Weymuller, Suneel Gokhale, and Tammer Qaddumi. The firm invests in early stage technology companies based in the Middle East and Northern Africa. It has invested in the financial technology, enterprise technology, augmented reality, educational technology, logistics technology, agricultural technology, artificial intelligence, healthcare technology, and e-commerce sectors.
The firm does not invest as a typically venture capital firm would by raising a fund. The firm pools different investors on a case-by-case investment basis. It generally invests between $100,000 to $4 million in portfolio companies.
The firm has developed an investor education curriculum with the aim to create an ecosystem of educated early stage angel investors in the Middle East and North African region. It provides digital media based educational content as well as educational conferences and seminars.
Timeline
Funded Companies
A mobile application company connecting gamers to like-minded teammates. Its headquarters are located in New York City, New York and the company was founded in 2018.
CSPA (Computer Science Proficiency Assessment) is a company providing standardized assessment for software engineers. It is located in San Francisco, California and was founded in 2017.
Lofty AI is a company that uses AI to identify neighborhood growth.
A company offering semen analysis and storage services.
NALA is a company providing an application interface for transfers, payments, and transactions seven times faster, without data connectivity or offline.
What3words is a London-based company founded in 2013 by Jack Waley-Cohen.
Volopay is a Singapore-based company founded in 2019 by Karthick Chandrasekar.
