Seedra Ventures

Seedra Ventures is an early-stage venture capital firm established in 2019 and based in Riyadh, Saudi Arabia. The firm is dedicated to fostering disruptive innovations and trends throughout the region, focusing on sectors such as business-to-business, commercial services, business-to-consumer, energy, financial services, healthcare, and technology. Seedra Ventures aims to provide venture-building services and strategically invests in companies within Egypt, Saudi Arabia, and the United Arab Emirates, supporting their growth and development in a dynamic marketplace.

Haitham Al-foraih

Founding Partner and CEO

Abdullah Almunif

Co-Founder, Partner and Board Member

Past deals in Egypt

Agel

Pre Seed Round in 2023
Agel is focused on transforming financial services for micro, small, and medium enterprises (MSMEs) by introducing a digital, cashless, and Sharia-compliant B2B payment platform. This platform offers alternative financing options that enable merchants within Agel's network to access industry-agnostic merchandise credit limits. By streamlining transactions between wholesale and retail merchants, Agel aims to empower MSME growth, accelerate financial inclusion, and eradicate the informal economy. The company's initiatives align with the United Nations' Sustainable Development Goals and Egypt's 2030 plan, promoting financial literacy and sustainability in the region. Through these efforts, Agel seeks to redefine the customer experience in financial services and support the economic development of MSMEs.
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