Ibtikar Fund
Ibtikar Fund is a Ramallah-based venture capital firm that invests in seed- and early-stage technology companies in Palestine and the broader region. It supports Palestinian startups through initial funding and post-acceleration stages, with occasional Series A investments, aiming to bridge the funding gap between accelerators and later-stage investors. The firm leverages an experienced management team and a select network of advisors and partners to help portfolio companies scale. It prioritizes high-potential Palestinian founders and sectors including information technology, software, media, and related technology-driven services.
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Past deals in NFC
Receet
Seed Round in 2020
Receet Inc., established in 2017 and headquartered in Cincinnati, Ohio, operates a SaaS platform that facilitates digital receipts in business transactions. The platform employs Bluetooth and NFC technology to instantly transmit receipts to consumers' smartphones without requiring personal information like name or email address. Users can easily locate receipts for returns, tax filing, or expense reports via their smartphones, categorize them, and soon upload data to accounting software such as Xero and Mint.com. For businesses, Receet enhances customer experience, reduces service issues due to lost receipts, enables product recalls, and offers an additional touchpoint with consumers through tailored marketing content on digital receipts.
Receet
Seed Round in 2019
Receet Inc., established in 2017 and headquartered in Cincinnati, Ohio, operates a SaaS platform that facilitates digital receipts in business transactions. The platform employs Bluetooth and NFC technology to instantly transmit receipts to consumers' smartphones without requiring personal information like name or email address. Users can easily locate receipts for returns, tax filing, or expense reports via their smartphones, categorize them, and soon upload data to accounting software such as Xero and Mint.com. For businesses, Receet enhances customer experience, reduces service issues due to lost receipts, enables product recalls, and offers an additional touchpoint with consumers through tailored marketing content on digital receipts.
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