Phaze Ventures

Phaze Ventures is a venture capital firm based in Muscat, Oman, with an additional office in Dubai, United Arab Emirates. Established in 2018, it is recognized as the oldest private venture capital firm in Oman. The firm specializes in seed, early-stage, and growth capital investments, focusing on sectors such as information technology, fintech, energy, logistics, cleantech, and deep technology. Phaze Ventures aims to support innovation ecosystems by investing globally in emerging companies, particularly in the Middle East, Europe, and North America. The firm typically makes equity investments ranging from $100 million to $500 million, seeking to accelerate the transformation of regional economies through strategic financial support.

Mohammed Al-Wahaibi

Co-Founder and Partner

Ahmed Al Salmi

Analyst

Past deals in Arabian Gulf

Carzaty

Venture Round in 2020
Carzaty LLC is an online platform established in 2017 and headquartered in Muscat, Oman, that specializes in the retail of motor vehicles. The platform provides customers with a seamless digital car buying experience, enabling them to search, compare, buy, and finance both new and certified used cars. By eliminating the need for traditional showrooms, Carzaty aims to create an affordable and transparent purchasing process that reduces the stress often associated with buying a car. The company operates primarily in Oman and the United Arab Emirates, focusing on delivering comprehensive support for customers, including assistance with paperwork. Carzaty's innovative approach positions it to significantly impact the automotive retail industry.

Carzaty

Series A in 2019
Carzaty LLC is an online platform established in 2017 and headquartered in Muscat, Oman, that specializes in the retail of motor vehicles. The platform provides customers with a seamless digital car buying experience, enabling them to search, compare, buy, and finance both new and certified used cars. By eliminating the need for traditional showrooms, Carzaty aims to create an affordable and transparent purchasing process that reduces the stress often associated with buying a car. The company operates primarily in Oman and the United Arab Emirates, focusing on delivering comprehensive support for customers, including assistance with paperwork. Carzaty's innovative approach positions it to significantly impact the automotive retail industry.

PhazeRo

Pre Seed Round in 2019
PhazeRo is a software consulting firm based in Muscat, Oman, founded in 2019. The company specializes in designing, developing, and deploying custom software solutions tailored to the needs of businesses. PhazeRo offers a range of services, including digital consulting, software development, talent onboarding, web and mobile application development, and automation. Additionally, the firm provides advanced machine learning and artificial intelligence consulting services to corporate clients worldwide, helping them gain a competitive edge and achieve their business objectives.

Tarjama

Tarjama is a certified translation agency based in Dubai that offers a comprehensive suite of language-related services. Recognizing the importance of effective communication in today's global market, Tarjama provides translation, proofreading, transcription, content writing, and subtitling services, allowing businesses to connect with customers and stakeholders in culturally relevant ways. With a smart language platform, the agency enables organizations to produce and manage multilingual content efficiently, addressing the unique linguistic and cultural needs of the Middle East. By leveraging its expertise, Tarjama helps clients transcend geographic borders and engage effectively in diverse markets.
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