Iliad Partners

Founded in Dubai in 2014, Iliad Partners is a venture capital firm focusing on early-stage investments in technology startups across the Middle East and North Africa (MENA) region. The company primarily invests in sectors such as software, internet-based ventures, e-commerce enablement, fintech, and digital transformation of vertical industries.

Georges Boueiz

Partner

Christos Mastoras

Founder and Managing Partner

Past deals in Arabian Gulf

Penny Software

Seed Round in 2024
Penny Software is a cloud-based procurement and spend management software company that digitizes and manages the full procurement cycle from request to payment. The platform supports RFQ management, vendor quotations, purchase orders and payments, and offers an action-driven dashboard, budget tracking, timeline views, product comparison, and customizable reporting. It provides modular, highly customizable procurement products for mid-size enterprises and also offers a B2B marketplace-as-a-service for private or public marketplaces, distributors, GPOs, and procurement as a shared service. Based in Riyadh, Saudi Arabia, Penny Software was founded in 2020.

Qashio

Seed Round in 2022
Qashio is a spend management platform based in Dubai, founded in 2021, that provides businesses with tools to efficiently monitor and control their expenses. The platform enables users to create both physical and virtual credit cards, manage budgets, and set usage parameters for employees, including approval workflows and spending verification. By offering real-time tracking and analysis of card usage, Qashio enhances visibility and control over cash flows, streamlining expense management processes. Its comprehensive approach aims to eliminate outdated manual methods, reduce petty cash leakage, and save significant time for organizations, ultimately empowering teams to manage spending in a more automated and transparent manner.

TruKKer

Series A in 2019
TruKKer is a technology-enabled truck aggregator based in Abu Dhabi, UAE, founded in 2016. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by integrating demand and supply for land freight services. TruKKer's platform connects shippers and carriers in real time, ensuring maximum utilization of available trucks and reducing overall transportation costs. The company's network, powered by real-time data analytics, enhances reliability and transparency while creating opportunities for data monetization and consolidated procurement. By offering end-to-end coverage and a comprehensive service portfolio, TruKKer facilitates cross-border transportation services for various end markets, benefiting both shippers and transporters alike.

TruKKer

Convertible Note in 2019
TruKKer is a technology-enabled truck aggregator based in Abu Dhabi, UAE, founded in 2016. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by integrating demand and supply for land freight services. TruKKer's platform connects shippers and carriers in real time, ensuring maximum utilization of available trucks and reducing overall transportation costs. The company's network, powered by real-time data analytics, enhances reliability and transparency while creating opportunities for data monetization and consolidated procurement. By offering end-to-end coverage and a comprehensive service portfolio, TruKKer facilitates cross-border transportation services for various end markets, benefiting both shippers and transporters alike.
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