Shorooq Partners

Founded in 2017 and based in Abu Dhabi, Shorooq Partners is a prominent investment firm specializing in venture capital and private credit across the Middle East and North Africa regions. With additional offices in Riyadh, Manama, Cairo, and Dubai, the firm focuses on investing in innovative technology companies, particularly in sectors such as fintech, gaming, climate, cleantech, and Web 3.0. Shorooq Partners emphasizes building partnerships with founders, supporting company development, and acting as value investors. The firm has established a strong portfolio, backing several market-leading disruptors including Pure Harvest Smart Farms and Tamara. Operating under a cohesive business name, Shorooq Partners comprises a group of affiliated companies, with its principal entity regulated by the Abu Dhabi Global Market Financial Services Regulatory Authority.

Tamer Azer

Partner

Kunal Savjani

Managing Partner

Shane (You Keun) Shin

Co-Founder and Managing Partner

Omer Zabit

Principal

Tina Daher

Principal

Nathan Kwon

Principal and Korea Lead

Past deals in Africa and Middle East

The Box Self Storage Services

Debt Financing in 2025
The Box Self Storage Services offer complete protection for your goods both for domestic and commercial purposes. As an added advantage, They offer you the flexibility of accessing the stored items at any time through Their 24-hour access control log. Moreover, They provide insurance for your goods should there be any unexpected damage during calamities. They provide the best moving and relocation services in Dubai and UAE. They design a customized relocation plan for you based on your requirements and budget. One of Their relocation experts will always be around keeping an eye on the loading and unloading process and making sure that your items stay safe and undamaged.

Lendo

Series B in 2023
Lendo is an alternative lending marketplace that helps digitally finance small and medium-sized enterprises (SMEs) in Saudi Arabia. Lendo was granted the first Crowdlending (debt financing) licensed in Saudi Arabia, and received the Excellence in Finance Leaders Award from FiNext Awards. Lendo’s products and solutions make everyday business activities easier, more secure, and more efficient for both investors and borrowers alike.

Retailo

Convertible Note in 2022
Retailo is a rapidly growing B2B marketplace focused on the retail supply chain in the MENAP region, headquartered in Riyadh, Saudi Arabia. Founded in July 2020 by former Careem executives, the company has quickly established itself by digitizing retail supply chains and serving over 35,000 active retailers. Retailo offers access to more than 2,000 stock-keeping units (SKUs) via its app, ensuring delivery within 24 hours of order placement. The company operates with a team of over 500 employees across multiple cities in the region, managing a vast network of warehouses that store inventory from numerous brands, many of which are direct partners. Retailo aims to simplify retail operations and enhance supply chain accessibility, with a vision to unlock the earning potential of 10 million small and medium-sized enterprises in the MENAP region and contribute positively to the local economy.

Retailo

Debt Financing in 2022
Retailo is a rapidly growing B2B marketplace focused on the retail supply chain in the MENAP region, headquartered in Riyadh, Saudi Arabia. Founded in July 2020 by former Careem executives, the company has quickly established itself by digitizing retail supply chains and serving over 35,000 active retailers. Retailo offers access to more than 2,000 stock-keeping units (SKUs) via its app, ensuring delivery within 24 hours of order placement. The company operates with a team of over 500 employees across multiple cities in the region, managing a vast network of warehouses that store inventory from numerous brands, many of which are direct partners. Retailo aims to simplify retail operations and enhance supply chain accessibility, with a vision to unlock the earning potential of 10 million small and medium-sized enterprises in the MENAP region and contribute positively to the local economy.

The Food Lab

Pre Seed Round in 2022
The Food Lab operates a cloud kitchen platform in Egypt, serving as an infrastructure provider for the country's extensive food and beverage industry, which comprises approximately 400,000 restaurants. The company offers a comprehensive range of services designed to enhance restaurant operations and expand their market reach. By managing shared kitchen facilities, The Food Lab streamlines processes such as ingredient procurement, order aggregation, food preparation, and delivery. This integrated approach allows restaurants to centralize their operational data within a single platform, enabling them to focus on building their brand equity while improving overall efficiency.

Capiter

Convertible Note in 2022
Capiter is a B2B e-commerce marketplace based in Cairo, Egypt, that connects small businesses, wholesalers, and vendors on a unified platform. Founded in 2019, the company offers on-demand cash flow solutions, allowing suppliers to convert sales into immediate cash while minimizing collection and credit risks. Merchants can order products directly through the platform and access credit facilities, enhancing their purchasing power. Capiter employs advanced technology and machine learning to optimize the supply chain, ensuring efficient service delivery and accurate data management. This approach facilitates improved financial cycles and supports the growth of small businesses by providing flexible payment options and immediate vendor payments.

Retailo

Series A in 2022
Retailo is a rapidly growing B2B marketplace focused on the retail supply chain in the MENAP region, headquartered in Riyadh, Saudi Arabia. Founded in July 2020 by former Careem executives, the company has quickly established itself by digitizing retail supply chains and serving over 35,000 active retailers. Retailo offers access to more than 2,000 stock-keeping units (SKUs) via its app, ensuring delivery within 24 hours of order placement. The company operates with a team of over 500 employees across multiple cities in the region, managing a vast network of warehouses that store inventory from numerous brands, many of which are direct partners. Retailo aims to simplify retail operations and enhance supply chain accessibility, with a vision to unlock the earning potential of 10 million small and medium-sized enterprises in the MENAP region and contribute positively to the local economy.

Capiter

Venture Round in 2022
Capiter is a B2B e-commerce marketplace based in Cairo, Egypt, that connects small businesses, wholesalers, and vendors on a unified platform. Founded in 2019, the company offers on-demand cash flow solutions, allowing suppliers to convert sales into immediate cash while minimizing collection and credit risks. Merchants can order products directly through the platform and access credit facilities, enhancing their purchasing power. Capiter employs advanced technology and machine learning to optimize the supply chain, ensuring efficient service delivery and accurate data management. This approach facilitates improved financial cycles and supports the growth of small businesses by providing flexible payment options and immediate vendor payments.

Lean Technologies

Series A in 2022
Lean Technologies Limited, founded in 2019 and based in Riyadh, Saudi Arabia, is a FinTech startup that specializes in providing an application programming interface (API) platform for financial data applications. The company's API suite simplifies access to consumer financial data, allowing businesses to navigate the complexities of financial infrastructure with ease. By enabling seamless access to customers' financial information and facilitating instant bank transfers, Lean Technologies aims to enhance the accessibility, transparency, and utility of financial data and payments. This approach fosters a more inclusive and interconnected financial landscape, ultimately benefiting both consumers and businesses.

Lendo

Secondary Market in 2022
Lendo is an alternative lending marketplace that helps digitally finance small and medium-sized enterprises (SMEs) in Saudi Arabia. Lendo was granted the first Crowdlending (debt financing) licensed in Saudi Arabia, and received the Excellence in Finance Leaders Award from FiNext Awards. Lendo’s products and solutions make everyday business activities easier, more secure, and more efficient for both investors and borrowers alike.

MUNCH:ON

Series A in 2021
MUNCH:ON is a food tech startup that has cracked the subscription space in the UAE & KSA, focusing on offering meals from the best restaurants at a significant discount and with free delivery. The company has invested heavily in its scheduling, bundling and order prediction software which has enabled it to achieve massive cost savings for its restaurant partners that they then pass on to their users, often offering up to a 55% discount vs. restaurants' regular price. Whether it's employees ordering from their company's curated menu or users ordering for their families at home, the platform takes the usual hassle and cost out of food delivery in a financially (and environmentally) sustainable manner for all stakeholders

Retailo

Seed Round in 2021
Retailo is a rapidly growing B2B marketplace focused on the retail supply chain in the MENAP region, headquartered in Riyadh, Saudi Arabia. Founded in July 2020 by former Careem executives, the company has quickly established itself by digitizing retail supply chains and serving over 35,000 active retailers. Retailo offers access to more than 2,000 stock-keeping units (SKUs) via its app, ensuring delivery within 24 hours of order placement. The company operates with a team of over 500 employees across multiple cities in the region, managing a vast network of warehouses that store inventory from numerous brands, many of which are direct partners. Retailo aims to simplify retail operations and enhance supply chain accessibility, with a vision to unlock the earning potential of 10 million small and medium-sized enterprises in the MENAP region and contribute positively to the local economy.

Pure Harvest Smart Farms

Debt Financing in 2021
Pure Harvest Smart Farms is a Dubai-based company specializing in the production and sale of organic tomatoes and other premium fruits and vegetables. It operates in the challenging climates of the Arab Gulf region by utilizing advanced controlled-environment agriculture technologies. The company focuses on sustainable agricultural practices to ensure year-round availability of fresh produce while maintaining high quality at affordable prices. Pure Harvest employs a proprietary semi-closed climate-controlled growing system that optimizes temperature and moisture, supporting the growth of its crops in modern glasshouses. The firm aims to meet the increasing demand for healthy food options in the region through innovative cultivation methods.

Nuqtah NFT

Pre Seed Round in 2021
Pioneering NFT's in the Saudi Arabia with Nuqtah's NFT creative marketplace, with a goal to value the creative economy at the pedestal it should be at.

Capiter

Series A in 2021
Capiter is a B2B e-commerce marketplace based in Cairo, Egypt, that connects small businesses, wholesalers, and vendors on a unified platform. Founded in 2019, the company offers on-demand cash flow solutions, allowing suppliers to convert sales into immediate cash while minimizing collection and credit risks. Merchants can order products directly through the platform and access credit facilities, enhancing their purchasing power. Capiter employs advanced technology and machine learning to optimize the supply chain, ensuring efficient service delivery and accurate data management. This approach facilitates improved financial cycles and supports the growth of small businesses by providing flexible payment options and immediate vendor payments.

TruKKer

Series B in 2021
TruKKer is a technology-enabled truck aggregator founded in 2016 and based in Abu Dhabi, UAE. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by connecting shippers with available trucks in real-time. This integration of supply and demand enhances asset utilization, reduces transportation costs, and provides reliable cross-border services. TruKKer's cloud-based freight solutions offer comprehensive coverage and a full-service portfolio for shippers, carriers, and businesses, leveraging real-time data analytics to ensure transparency and efficiency. The company’s rapid growth has opened up opportunities for data monetization and consolidated procurement, further solidifying its position in the logistics market.

Autarky Advisors

Acquisition in 2021
Autarky Advisors is a venture builder and proprietary investment and advisory firm located in Manama, Bahrain. The company focuses on developing and investing in innovative ideas, creating comprehensive concepts from inception to execution. Autarky Advisors seeks high-impact ventures that align with national tourism and diversification strategies. In addition to its investment activities, the firm offers consultancy services that include feasibility studies, economic impact assessments, concept generation, design, and master planning.

TruKKer

Secondary Market in 2021
TruKKer is a technology-enabled truck aggregator founded in 2016 and based in Abu Dhabi, UAE. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by connecting shippers with available trucks in real-time. This integration of supply and demand enhances asset utilization, reduces transportation costs, and provides reliable cross-border services. TruKKer's cloud-based freight solutions offer comprehensive coverage and a full-service portfolio for shippers, carriers, and businesses, leveraging real-time data analytics to ensure transparency and efficiency. The company’s rapid growth has opened up opportunities for data monetization and consolidated procurement, further solidifying its position in the logistics market.

Capiter

Convertible Note in 2021
Capiter is a B2B e-commerce marketplace based in Cairo, Egypt, that connects small businesses, wholesalers, and vendors on a unified platform. Founded in 2019, the company offers on-demand cash flow solutions, allowing suppliers to convert sales into immediate cash while minimizing collection and credit risks. Merchants can order products directly through the platform and access credit facilities, enhancing their purchasing power. Capiter employs advanced technology and machine learning to optimize the supply chain, ensuring efficient service delivery and accurate data management. This approach facilitates improved financial cycles and supports the growth of small businesses by providing flexible payment options and immediate vendor payments.

Retailo

Seed Round in 2021
Retailo is a rapidly growing B2B marketplace focused on the retail supply chain in the MENAP region, headquartered in Riyadh, Saudi Arabia. Founded in July 2020 by former Careem executives, the company has quickly established itself by digitizing retail supply chains and serving over 35,000 active retailers. Retailo offers access to more than 2,000 stock-keeping units (SKUs) via its app, ensuring delivery within 24 hours of order placement. The company operates with a team of over 500 employees across multiple cities in the region, managing a vast network of warehouses that store inventory from numerous brands, many of which are direct partners. Retailo aims to simplify retail operations and enhance supply chain accessibility, with a vision to unlock the earning potential of 10 million small and medium-sized enterprises in the MENAP region and contribute positively to the local economy.

Lendo

Series A in 2021
Lendo is an alternative lending marketplace that helps digitally finance small and medium-sized enterprises (SMEs) in Saudi Arabia. Lendo was granted the first Crowdlending (debt financing) licensed in Saudi Arabia, and received the Excellence in Finance Leaders Award from FiNext Awards. Lendo’s products and solutions make everyday business activities easier, more secure, and more efficient for both investors and borrowers alike.

Capiter

Seed Round in 2020
Capiter is a B2B e-commerce marketplace based in Cairo, Egypt, that connects small businesses, wholesalers, and vendors on a unified platform. Founded in 2019, the company offers on-demand cash flow solutions, allowing suppliers to convert sales into immediate cash while minimizing collection and credit risks. Merchants can order products directly through the platform and access credit facilities, enhancing their purchasing power. Capiter employs advanced technology and machine learning to optimize the supply chain, ensuring efficient service delivery and accurate data management. This approach facilitates improved financial cycles and supports the growth of small businesses by providing flexible payment options and immediate vendor payments.

Capiter

Pre Seed Round in 2020
Capiter is a B2B e-commerce marketplace based in Cairo, Egypt, that connects small businesses, wholesalers, and vendors on a unified platform. Founded in 2019, the company offers on-demand cash flow solutions, allowing suppliers to convert sales into immediate cash while minimizing collection and credit risks. Merchants can order products directly through the platform and access credit facilities, enhancing their purchasing power. Capiter employs advanced technology and machine learning to optimize the supply chain, ensuring efficient service delivery and accurate data management. This approach facilitates improved financial cycles and supports the growth of small businesses by providing flexible payment options and immediate vendor payments.

Retailo

Pre Seed Round in 2020
Retailo is a rapidly growing B2B marketplace focused on the retail supply chain in the MENAP region, headquartered in Riyadh, Saudi Arabia. Founded in July 2020 by former Careem executives, the company has quickly established itself by digitizing retail supply chains and serving over 35,000 active retailers. Retailo offers access to more than 2,000 stock-keeping units (SKUs) via its app, ensuring delivery within 24 hours of order placement. The company operates with a team of over 500 employees across multiple cities in the region, managing a vast network of warehouses that store inventory from numerous brands, many of which are direct partners. Retailo aims to simplify retail operations and enhance supply chain accessibility, with a vision to unlock the earning potential of 10 million small and medium-sized enterprises in the MENAP region and contribute positively to the local economy.

Retailo

Pre Seed Round in 2020
Retailo is a rapidly growing B2B marketplace focused on the retail supply chain in the MENAP region, headquartered in Riyadh, Saudi Arabia. Founded in July 2020 by former Careem executives, the company has quickly established itself by digitizing retail supply chains and serving over 35,000 active retailers. Retailo offers access to more than 2,000 stock-keeping units (SKUs) via its app, ensuring delivery within 24 hours of order placement. The company operates with a team of over 500 employees across multiple cities in the region, managing a vast network of warehouses that store inventory from numerous brands, many of which are direct partners. Retailo aims to simplify retail operations and enhance supply chain accessibility, with a vision to unlock the earning potential of 10 million small and medium-sized enterprises in the MENAP region and contribute positively to the local economy.

Lean Technologies

Seed Round in 2020
Lean Technologies Limited, founded in 2019 and based in Riyadh, Saudi Arabia, is a FinTech startup that specializes in providing an application programming interface (API) platform for financial data applications. The company's API suite simplifies access to consumer financial data, allowing businesses to navigate the complexities of financial infrastructure with ease. By enabling seamless access to customers' financial information and facilitating instant bank transfers, Lean Technologies aims to enhance the accessibility, transparency, and utility of financial data and payments. This approach fosters a more inclusive and interconnected financial landscape, ultimately benefiting both consumers and businesses.

Khazna

Seed Round in 2020
Khazna operates a mobile application platform designed to enhance financial services for Egyptians, particularly targeting the 50% of smartphone users who lack access to formal financial systems. The super app provides a range of services including General Purpose Credit, Buy Now Pay Later (BNPL), bill payments, savings, and insurance. It also facilitates cash advances for employees to address unforeseen emergencies and allows users to transfer and receive funds without incurring transaction fees. By focusing on digitizing cash transactions, Khazna aims to offer convenient, effective, and secure financial solutions, thereby improving financial inclusion in Egypt and potentially beyond.

TruKKer

Series A in 2019
TruKKer is a technology-enabled truck aggregator founded in 2016 and based in Abu Dhabi, UAE. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by connecting shippers with available trucks in real-time. This integration of supply and demand enhances asset utilization, reduces transportation costs, and provides reliable cross-border services. TruKKer's cloud-based freight solutions offer comprehensive coverage and a full-service portfolio for shippers, carriers, and businesses, leveraging real-time data analytics to ensure transparency and efficiency. The company’s rapid growth has opened up opportunities for data monetization and consolidated procurement, further solidifying its position in the logistics market.

Pure Harvest Smart Farms

Seed Round in 2019
Pure Harvest Smart Farms is a Dubai-based company specializing in the production and sale of organic tomatoes and other premium fruits and vegetables. It operates in the challenging climates of the Arab Gulf region by utilizing advanced controlled-environment agriculture technologies. The company focuses on sustainable agricultural practices to ensure year-round availability of fresh produce while maintaining high quality at affordable prices. Pure Harvest employs a proprietary semi-closed climate-controlled growing system that optimizes temperature and moisture, supporting the growth of its crops in modern glasshouses. The firm aims to meet the increasing demand for healthy food options in the region through innovative cultivation methods.

MUNCH:ON

Series A in 2019
MUNCH:ON is a food tech startup that has cracked the subscription space in the UAE & KSA, focusing on offering meals from the best restaurants at a significant discount and with free delivery. The company has invested heavily in its scheduling, bundling and order prediction software which has enabled it to achieve massive cost savings for its restaurant partners that they then pass on to their users, often offering up to a 55% discount vs. restaurants' regular price. Whether it's employees ordering from their company's curated menu or users ordering for their families at home, the platform takes the usual hassle and cost out of food delivery in a financially (and environmentally) sustainable manner for all stakeholders

MUNCH:ON

Series A in 2019
MUNCH:ON is a food tech startup that has cracked the subscription space in the UAE & KSA, focusing on offering meals from the best restaurants at a significant discount and with free delivery. The company has invested heavily in its scheduling, bundling and order prediction software which has enabled it to achieve massive cost savings for its restaurant partners that they then pass on to their users, often offering up to a 55% discount vs. restaurants' regular price. Whether it's employees ordering from their company's curated menu or users ordering for their families at home, the platform takes the usual hassle and cost out of food delivery in a financially (and environmentally) sustainable manner for all stakeholders

SmartCrowd

Seed Round in 2018
SmartCrowd is a real estate investment platform that facilitates access to the UAE real estate market through a user-friendly online portal, allowing investors to participate with a low minimum investment. By offering the ability to buy and sell fractional shares in properties, SmartCrowd reduces the barriers to entry for individuals looking to build their financial and real estate assets. This innovative approach enables investors to manage their portfolios similarly to stock investments, focusing on asset allocation without the complexities of purchasing and managing individual properties. As a result, investors can create a diversified property portfolio while minimizing risk and leveraging costs. SmartCrowd operates under the regulation of the Dubai Financial Services Authority, ensuring compliance and security for its users.

TruKKer

Seed Round in 2018
TruKKer is a technology-enabled truck aggregator founded in 2016 and based in Abu Dhabi, UAE. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by connecting shippers with available trucks in real-time. This integration of supply and demand enhances asset utilization, reduces transportation costs, and provides reliable cross-border services. TruKKer's cloud-based freight solutions offer comprehensive coverage and a full-service portfolio for shippers, carriers, and businesses, leveraging real-time data analytics to ensure transparency and efficiency. The company’s rapid growth has opened up opportunities for data monetization and consolidated procurement, further solidifying its position in the logistics market.

Joi Gifts

Seed Round in 2018
Joi Gifts is an online retail platform specializing in a diverse range of gift items suitable for various occasions, including Christmas, birthdays, anniversaries, and corporate events. Founded in 2015 and based in the United Arab Emirates, the company offers an extensive selection of products such as flowers, cakes, gourmet gift baskets, balloons, personalized items, and experience gifts like amusement park visits and salon services. Known for its commitment to quality and customer satisfaction, Joi Gifts provides same-day delivery in major metropolitan areas, ensuring a seamless and memorable gift-giving experience.

Enhance Ventures

Seed Round in 2018
Enhance Ventures, founded in 2016 and based in Dubai, is a venture builder focused on creating online businesses that provide life-enhancing products and services in the Middle East, North Africa, Pakistan, and Turkey (MENAPT) region. The firm emphasizes the finance and commerce sectors and has developed notable portfolio companies, including the leading online gifting platform in the Middle East, joi. Enhance Ventures attracts investment from a diverse group of venture capital firms and prominent angel investors across the Middle East, Europe, and the United States, including 500 Startups and Shorooq Capital.

Pure Harvest Smart Farms

Seed Round in 2017
Pure Harvest Smart Farms is a Dubai-based company specializing in the production and sale of organic tomatoes and other premium fruits and vegetables. It operates in the challenging climates of the Arab Gulf region by utilizing advanced controlled-environment agriculture technologies. The company focuses on sustainable agricultural practices to ensure year-round availability of fresh produce while maintaining high quality at affordable prices. Pure Harvest employs a proprietary semi-closed climate-controlled growing system that optimizes temperature and moisture, supporting the growth of its crops in modern glasshouses. The firm aims to meet the increasing demand for healthy food options in the region through innovative cultivation methods.

Souqalmal

Series B in 2017
Souqalmal.com is the leading financial comparison site in the Middle East with operations in Saudi Arabia, Bahrain and the UAE. The company has empowers customers to make decisions on their best deal on credit cards, mortgages, personal loans and insurance products. The company has raised 3 rounds of fundraise and over USD 12M to date. Shareholders include major comparison site GoCompare from the UK, Hummingbird Ventures, Riyadh Taqnia Fund, 500 Start up amongst others. Multiple awards from the Best Online Business of the Year by Gulf Capital to The UAE start up of the Year by Forbes, the company has thrived and grown its insurance business 7X in 3 years.

Pure Harvest Smart Farms

Seed Round in 2016
Pure Harvest Smart Farms is a Dubai-based company specializing in the production and sale of organic tomatoes and other premium fruits and vegetables. It operates in the challenging climates of the Arab Gulf region by utilizing advanced controlled-environment agriculture technologies. The company focuses on sustainable agricultural practices to ensure year-round availability of fresh produce while maintaining high quality at affordable prices. Pure Harvest employs a proprietary semi-closed climate-controlled growing system that optimizes temperature and moisture, supporting the growth of its crops in modern glasshouses. The firm aims to meet the increasing demand for healthy food options in the region through innovative cultivation methods.
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