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Shorooq Partners

Founders Mahmoud Adi Shane Shin

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 148
Average round size
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The average size of a deal this fund participated in
$7M
Portfolio companies 73
Rounds per year 18.50
Lead investments 23
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.50
Exits 1
Key employees 4

Areas of investment

  • E-Commerce
  • Financial Services
  • FinTech
  • Information Technology
  • Marketplace
Summary

Shorooq Partners appeared to be the VC, which was created in 2016. The leading representative office of defined VC is situated in the Abu Dhabi. The company was established in Asia in United Arab Emirates.

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Shorooq Partners, startups are often financed by 500 Startups, Arzan Venture Capital, Raed Ventures. The meaningful sponsors for the fund in investment in the same round are 500 Startups, Wamda Capital, Riyad TAQNIA Fund (RTF). In the next rounds fund is usually obtained by Middle East Venture Partners (MEVP), 500 Startups, U.S. Venture Partners (USVP).

The current fund was established by Shane Shin. Besides them, we counted 4 critical employees of this fund in our database.

Besides, a startup needs to be aged 2-3 years to get the investment from the fund. For fund there is no match between the location of its establishment and the land of its numerous investments - United States. The fund has exact preference in a number of founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Among the various public portfolio startups of the fund, we may underline Impact Guru, LUNCH:ON, Tank Utility Among the most popular fund investment industries, there are mHealth, Financial Services.

Deals in the range of 1 - 5 millions dollars are the general things for fund. The fund is constantly included in 7-12 investment rounds annually. Considering the real fund results, this VC is 28 percentage points more often commits exit comparing to other organizations. The important activity for fund was in 2019.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Settle Payments

Financial Services
$2M18 Sep 2024 Cairo, Al Qahirah, Egypt

Intelmatix

Artificial Intelligence
Software
$20M31 Jul 2024 Riyadh, Ar Riyad, Saudi Arabia

Zyp Technologies

Clean Energy
Electric Vehicle
$1M23 Jul 2024 Lahore, Punjab, Pakistan

44.01

Biofuel
Environmental Engineering
$37M15 Jul 2024 London, England, United Kingdom

DealCart

Grocery
Group Buying
Retail
Shopping
$3M04 Jul 2024 Karachi, Sindh, Pakistan

Roamless

Information Technology
Software
$5M13 Jun 2024 Wilmington, Delaware, United States

penny software

B2B
Enterprise Software
Procurement
SaaS
Software
15 Apr 2024 Saudi Arabia, Riyadh Region, Saudi Arabia

Baycon

09 Apr 2024 Seoul, Seoul-t'ukpyolsi, South Korea

MANTRA Finance

Blockchain
Cryptocurrency
Trading Platform
$11M19 Mar 2024 Hong Kong, Hong Kong, China
News
Egyptian startup Capiter raises $33M to expand B2B e-commerce platform across MENA

– B2B e-commerce startup Capiter raised $33m in Series A funding.
– The round was co-led by Quona Capital and MSA Capital.
– Other participating investors include Savola, Shorooq Partners, Foundation Ventures, Accion Venture Lab and Derayah Ventures.
– Capiter was launched in July 2020 by Mahmoud Nouh and Ahmed Nouh.
– The company solves problems around reach and insights for suppliers and manufacturers.

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Total investments 148
Average round size 7M
Rounds per year 18.50
Peak activity year 2021
Lead investments 23
Follow on index 0.50
Exits 1
Group Appearance index 0.63

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Settle Payments

Financial Services
$2M18 Sep 2024 Cairo, Al Qahirah, Egypt

Intelmatix

Artificial Intelligence
Software
$20M31 Jul 2024 Riyadh, Ar Riyad, Saudi Arabia

Zyp Technologies

Clean Energy
Electric Vehicle
$1M23 Jul 2024 Lahore, Punjab, Pakistan

44.01

Biofuel
Environmental Engineering
$37M15 Jul 2024 London, England, United Kingdom

DealCart

Grocery
Group Buying
Retail
Shopping
$3M04 Jul 2024 Karachi, Sindh, Pakistan

Roamless

Information Technology
Software
$5M13 Jun 2024 Wilmington, Delaware, United States

penny software

B2B
Enterprise Software
Procurement
SaaS
Software
15 Apr 2024 Saudi Arabia, Riyadh Region, Saudi Arabia

Baycon

09 Apr 2024 Seoul, Seoul-t'ukpyolsi, South Korea

MANTRA Finance

Blockchain
Cryptocurrency
Trading Platform
$11M19 Mar 2024 Hong Kong, Hong Kong, China
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