Oman Technology Fund
Oman Technology Fund, established in 2016 and based in Muscat, Oman, operates as a venture capital firm that focuses on investing in technology companies throughout Oman and the broader Middle East region. The fund manages three micro-funds tailored to different stages of company development: Techween, which provides seed investments of $50,000 for idea stage ventures; Wadi Accelerator, which offers initial investments of approximately $100,000 for acceleration stage companies; and Jasoor Ventures, which invests between $500,000 and $3 million for growth stage firms, with additional follow-on funding available. In addition to its investment activities, Oman Technology Fund also offers incubation and acceleration services to support the growth of technology startups.
Past deals in Oman
Bima
Seed Round in 2020
Bima is an Oman-based online insurance broker that offers a distinctive user experience in the insurance market. The company leverages technology to simplify the process of purchasing insurance, making it more accessible to a broader audience. By focusing on online platforms, Bima aims to enhance customer engagement and streamline the insurance buying experience. This innovative approach positions Bima as a key player in the evolving landscape of digital insurance solutions.
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