Sukna Ventures

Sukna Ventures is a venture capital firm established in 2012 and headquartered in Riyadh, Saudi Arabia. The firm focuses on investing in high-growth start-ups by collaborating with entrepreneurs and experienced professionals. Through these partnerships, Sukna Ventures aims to foster innovation and support the development of promising business ventures, contributing to the broader entrepreneurial ecosystem in the region.

Waleed Alballaa

General Partner, SV Fund I

Ahmed Bafaqeeh

COO

Fares Bardeesi

Co - Founder and Managing Partner

Amr Bardeesi

Partner

Ahmed Kamran

Partner

Asher Siddiqui

General Partner, SV Fund I

Hattan Tashkandi

Co-Founder and Senior Partner

45 past transactions

InfiniLink

Seed Round in 2025
InfiniLink is a semiconductor startup specializing in high-speed connectivity solutions for hyper-scale data centers and enterprises. The company leverages advanced nanometer CMOS and silicon photonics technologies to develop Application Specific Integrated Circuits (ASICs), AI processors, and connectivity chips for 5G infrastructure. InfiniLink's core focus is on designing high-speed SerDes and optical transceiver chipsets, enabling clients to enhance data center optical connectivity.

OCTA

Pre Seed Round in 2024
OCTA is a company that specializes in optimizing cash flow and simplifying payment processes for businesses, particularly small and medium enterprises (SMEs). The OCTA platform offers an automated system for collecting invoices, which facilitates timely payments between business-to-business clients. By providing real-time insights and seamless integrations, OCTA allows companies to manage their invoices and follow up on payments with ease. This enables SMEs to focus on their growth while benefiting from improved financial management and easier access to financing solutions. Through its innovative approach, OCTA serves as a comprehensive command center for B2B payments and finance.

Quantum Platform

Seed Round in 2024
Quantum Platform is a business-to-business product platform that specializes in providing data-driven sampling solutions. The company utilizes intelligent e-process integration to offer targeted sampling services, specifically designed to engage active online shoppers based on defined criteria, thereby driving conversion rates. Quantum collaborates with global fast-moving consumer goods companies and a range of exclusive online businesses, ensuring that samples are delivered directly to the target audience's doorstep. In addition to its core sampling solutions, the company also develops specialized targeted market research and product testing campaigns, leveraging intelligent matching, feedback, and analytics to help enterprises improve their business outcomes and profitability.

Hefring Marine

Venture Round in 2024
Hefring Marine is an Icelandic deep-tech startup based in Reykjavík that specializes in providing advanced marine solutions through its Intelligent Marine Assistance System (IMAS). This innovative hardware-enabled software-as-a-service (SaaS) platform utilizes artificial intelligence, machine learning, and the Internet of Things to deliver real-time navigation guidance for both manned and unmanned vessels. By leveraging data-driven insights, Hefring Marine's system helps operators enhance safety, reduce fuel consumption by up to 25%, and significantly lower carbon emissions. Additionally, it mitigates the risks associated with wave slamming, potentially reducing impacts by up to 70%, thereby ensuring a safer and more comfortable experience for crew and passengers. The continuous learning capability of the AI improves operational guidance over time, addressing issues of inexperience and enhancing situational awareness among operators.

MoneyHash

Seed Round in 2024
MoneyHash is a payment orchestration platform that simplifies payment processes for businesses across the Middle East and Africa through a single integration. The company's offerings include a unified API that streamlines both pay-in and pay-out operations, allowing for a customizable checkout experience. It also features transaction routing capabilities equipped with fraud and failure rate optimizers, which help enhance success rates for transactions. Additionally, MoneyHash provides clients with a centralized transaction reporting hub, enabling them to accept a wide range of payment methods and gain comprehensive insights into their transaction activities.

Elevatix

Venture Round in 2024
Elevatix is a technology company that specializes in developing machine learning systems for mobile game developers. Its core product is a game profiling platform that uses AI to optimize in-app purchase (IAP) monetization strategies. By analyzing player behavior and automating IAP campaigns, Elevatix helps game developers increase revenue, acquire new users, and make informed design decisions.

Marn.io

Funding Round in 2023
Marn is an hourly work solutions platform connecting Saudi businesses with thousands of Saudi job seekers in Retail, hospitality, F&B, and Hajj industries. As one of the first Saudi on-demand hourly staffing platform, Marn has had the trust of hundreds of well-known brands and hundred thousands of job seekers. Marn enables businesses to hire hourly staff to manage customers during peak hours and high seasons. All employees are fully vetted through interviews and tests that are prerequisites for joining the platform. Brands using Marn for recruiting save time and effort by letting our technology manage interviews, training, placement, shift scheduling, worker payments, performance reports, and task evaluation. Marn offers other services such as mystery shopper for hotels and retail, and sports events management. Learn more at Marn.io

Birthday App

Venture Round in 2023
Birthday App is a developer of a reminder platform that simplifies the management of special occasions, particularly birthdays. Utilizing artificial intelligence, the app automatically identifies friends' birthdays and syncs this information with the user's contact list to create a personalized calendar. The platform provides timely notifications and updates, ensuring users never miss an important celebration. By streamlining the process of remembering birthdays, Birthday App enhances users' ability to celebrate their friends and family, making each occasion more special and seamless.

Revly

Seed Round in 2023
Revly operates an online platform that integrates advertisements and data insights for businesses using delivery apps. Its management platform helps restaurant owners create customized marketing strategies, track performance across multiple locations and delivery partners, and gain valuable insights to boost profits and sales.

Anecdote

Seed Round in 2023
Anecdote helps companies make better product decisions by listening to their customers. We structure the unstructured text & voice feedback and marry it with the user engagement data and business metrics. Our solution is based on large language models that are changing the world. We see this as an opportunity to build specific use cases on top of them. Our team has a solid track record in delivering such AI-driven products.

Subsbase

Venture Round in 2023
SubsBase is a cloud-based subscription and billing platform designed to assist subscription-based businesses in managing their operations, analytics, and billing processes. The platform offers an intuitive and user-friendly interface that streamlines payment, subscription, and invoice management. By providing customizable solutions for recurring revenue and subscription offerings, SubsBase allows businesses to tailor their plans, pricing, and billing cycles to meet specific requirements. The automation features of the platform enhance efficiency by reducing the overhead associated with subscriber lifecycle management, enabling companies to focus on their core products and services while saving time and resources.

Firestorm

Venture Round in 2023
Firestorm is a company focused on developing modular open-source architecture tailored to meet the requirements of the Department of Defense, emphasizing the creation of low-cost and affordable solutions. It specializes in the manufacture of loitering munitions and mission-adaptable systems, designed to enhance aerial weaponry. Firestorm's systems are characterized by their modularity and precision payload delivery, equipping paratroopers with advanced aircraft suitable for modern, hyper-enabled battlefields.

HELLO INSIDE

Seed Round in 2023
HELLO INSIDE is a scientific self-care company focused on empowering individuals to engage in data-driven conversations about their health. The company offers a health monitoring application that integrates with a medical-grade continuous glucose monitoring device, enabling real-time measurement of blood sugar levels. This technology syncs with a mobile application, providing users with insights into their glucose levels, trends, and patterns. By offering personalized coaching and educational content, HELLO INSIDE helps users make informed decisions to enhance their metabolic health, optimize fitness, and promote longevity. The company's mission is to foster a new self-care movement that is truly personalized, rooted in science, and dedicated to creating a healthier future for individuals and communities.

Earn Alliance

Seed Round in 2022
Earn Alliance is a developer of a metaverse and gaming platform focused on empowering gamers to realize their full potential in the realm of web3. The company aims to build vibrant communities and provide essential tools that inspire and nurture the web3 gaming movement. Founded by a group of individuals passionate about merging blockchain technology with video games, Earn Alliance has positioned itself at the forefront of a rapidly evolving sector that has generated significant economic activity. The platform serves as a catalyst for gamers to explore new opportunities, forge connections, and enhance their gaming experiences within blockchain-powered universes. Through its initiatives, Earn Alliance strives to shape the future of gaming, fostering an environment where players can engage and thrive in innovative digital landscapes.

Anari AI

Venture Round in 2022
Anari AI develops tools for data analysis and decision-making. The tools enable users to process and interpret data. They provide insights that assist in various operational tasks. Anari AI serves sectors such as finance, healthcare, and logistics.

Classera

Series A in 2022
Classera is an education management system and ed-tech platform established in 2011 by Mohammad Alashmawi and Mohammad Almadani in San Francisco, California. The company specializes in providing learning management systems tailored for K-12 students. Its platform includes a range of features such as a student information system, student attendance tracking, social learning capabilities, a grade book, and a transcript management system. These tools are designed to enable users to effectively manage their educational records and facilitate personalized learning experiences. Classera aims to support the development of students by offering a comprehensive set of resources that cater to their educational needs.

Streamline

Seed Round in 2022
Streamline is a global provider of supply chain planning and predictive analytics solutions, utilizing proprietary technology to enhance demand and inventory planning processes. The company offers an integrated business planning platform that combines demand planning, supply planning, and sales and operations planning. Streamline's platform leverages artificial intelligence for forecasting, dynamic simulation, and quick implementation, allowing businesses to improve operational efficiency and maximize their capital investments. With a focus on transparency across the supply chain, Streamline aims to optimize the planning and execution of supply chain strategies for its clients.

Proteinea

Seed Round in 2022
Proteinea is a biotechnology company focused on advancing the design of biotherapeutics through its innovative protein engineering platform. By utilizing proprietary deep-learning models and computational tools, Proteinea enhances the development of next-generation antibodies, aiming for improved efficacy, safety, and convenience. The company's approach integrates smart experimental throughput with artificial intelligence, allowing for comprehensive evaluation of the efficacy, yield, safety, and pharmacological properties of biologics. This enables clients to access advanced solutions for antibody medicine design, streamlining the process of creating safer and more effective therapeutic options.

Competera

Seed Round in 2022
Competera Limited is a cloud-native, AI-driven price optimization company founded in 2014 and headquartered in West Hollywood, California, with additional offices in London, Singapore, and an R&D center in Kyiv, Ukraine. The company specializes in providing advanced price optimization and data scraping software tailored for enterprise retailers. Its platform employs deep learning algorithms to analyze billions of price combinations, enabling retailers to set and maintain optimal pricing strategies that enhance customer trust and minimize financial losses. By offering algorithmic recommendations based on a variety of pricing and non-pricing factors, Competera facilitates efficient pricing management across multiple price lists and categories. The intuitive design of the platform allows for quick onboarding and simplified repricing processes, making it accessible to users without specialized skills. Competera's solutions aim to boost gross margins and support retailers in achieving their strategic objectives, whether that involves margin growth or increasing market share.

Mozn

Series A in 2022
Mozn is a leading developer of artificial intelligence solutions, specializing in the creation and deployment of customized AI products tailored for enterprises. The company focuses on enhancing decision-making processes for businesses, particularly within the financial sector, by utilizing advanced text intelligence and AI algorithms. Mozn's platform is designed to screen and monitor customers, offering financial institutions a powerful tool to protect against anti-money laundering (AML) and fraud risks. Additionally, Mozn is recognized for its development of Arabic natural language processing (NLP) data products, positioning itself as a key player in the global AI landscape.

DAWUL

Seed Round in 2022
DAWUL is a developer of an online community-based social trading platform that facilitates investment strategies among users. The platform enables beginner investors to automate trade executions and follow professional traders, gaining insights into their portfolios and strategies. By allowing investors to share and analyze the financial status of their portfolios, DAWUL fosters a collaborative environment for users to explore various investment options and improve their trading decisions.

Treasury

Seed Round in 2022
Treasury is a financial technology firm and venture capital entity founded in 2020, based in New York. It focuses on supporting founders by providing funding and global connections within the financial technology sector and beyond. Treasury seeks investment opportunities in various industries, including B2B, commercial transportation, consumer durables, media, retail, financial services, and insurance. The firm also engages its members through remote summits, groups, and events tailored for founders and leaders in the financial technology space, with operations extending to key cities such as Singapore, London, Tokyo, and Hong Kong.

Marque Ventures

Seed Round in 2022
Marque Ventures is a venture capital firm established in 2022 and located in San Francisco, California. The firm focuses on investing in early-stage startups that are pioneering advancements in American defense, manufacturing, and deep technology. By supporting entrepreneurs in these sectors, Marque Ventures aims to foster innovation and contribute to the future of critical industries in the United States.

Conterra

Seed Round in 2022
Conterra provides individual and private security services for business clients.

FanVestor

Venture Round in 2022
FanVestor operates an equity crowdfunding platform that facilitates crowdsourced fundraising in the sports, entertainment, and media sectors. The company enables fans to invest in fractional ownership, allowing them to become equity partners in the careers and businesses of celebrities, musicians, and athletes. Through its platform, FanVestor enhances fan engagement by offering virtual and physical packages, perks, products, and experiences. Additionally, it supports creator-driven initiatives such as NFTs, securities, and charitable efforts, creating opportunities for fans to connect more deeply with their favorite personalities while participating in their financial success.

SuperCharger Ventures

Seed Round in 2022
SuperCharger Ventures is a London-based accelerator firm established in 2020, specializing in the education technology sector. The firm supports its portfolio companies through a 12-week program designed to facilitate growth by providing access to venture financing, a robust ecosystem, and business development resources. In exchange for equity stakes, SuperCharger Ventures helps EdTech companies expand their operations and scale their business development efforts, aiming to drive innovation and success within the education technology landscape.

Pollen VC

Venture Round in 2022
Pollen VC is a financial services company that offers credit facilities specifically designed for app and game developers. By providing non-dilutive working capital, Pollen VC aims to assist application publishers in accelerating their unpaid revenues and eliminating payout delays. The company extends revolving credit based on accounts receivable and the anticipated value of ongoing marketing efforts. This approach enables startup businesses to access flexible credit lines, facilitating efficient growth in the mobile sector. Through its services, Pollen VC supports developers in managing their cash flow and optimizing their financial resources.

Thrive Protocol

Seed Round in 2022
Thrive is the top protocol for powering ROI-positive decentralized grant-making across crypto ecosystems.

Ready Player Me

Series A in 2021
Ready Player Me, founded in 2014 and headquartered in Tallinn, Estonia, with an additional office in Los Angeles, California, specializes in creating realistic 3D avatars for virtual reality (VR) and augmented reality (AR) applications. The company utilizes advanced 3D scanning technology to generate lifelike avatars that enhance communication and interaction in gaming environments. Its platform supports developers by enabling the integration of custom 3D models into existing games, game engines, or VR applications, thereby facilitating more immersive experiences. In addition to its focus on gaming, Ready Player Me's technology also has applications in various sectors, including healthcare, where it aids in surgical planning through the creation of anatomical models. The company has showcased its scanning technology at various public venues, such as airports and museums, further demonstrating its innovative approach to 3D printing and scanning.

Paradigm

Series A in 2021
Paradigm Connect, Inc. is a New York-based company founded in 2017 that specializes in creating an institutional-grade communications platform for over-the-counter (OTC) digital asset traders. The platform automates price negotiation and settlement workflows, addressing inefficiencies in traditional OTC trading processes. By leveraging artificial intelligence, Paradigm enhances the trading experience for professional traders and institutions, offering a zero-fee liquidity network that integrates both centralized and decentralized finance. This approach allows clients to access multi-asset, multi-protocol liquidity while significantly reducing trading costs through the elimination of fees. The company is supported by notable investors in the OTC market, reflecting its innovative vision to transform institutional trading practices.

RoyalePlay Games

Seed Round in 2021
RoyalePlay Games is a mobile gaming platform dedicated to designing and developing engaging and innovative game projects. The company focuses on creating vibrant and interactive mobile gaming applications that cater to a wide range of genres. By prioritizing enjoyable gameplay, RoyalePlay Games aims to deliver user-friendly mechanics and captivating visual styles that attract millions of players globally. The emphasis on creativity and social interaction enhances the overall gaming experience, making it appealing to a diverse audience.

FlexxPay

Venture Round in 2021
FlexxPay is a company that provides an online platform designed for employers to allow their employees to access earned salaries and commissions instantly before the regular payday. This service helps employees manage unavoidable expenses that arise between pay cycles, reducing financial stress. The platform enables businesses to offer their employees a portion of their already-earned but yet-to-be-paid salary on demand, providing an alternative to the traditional pay cycle.

DigiPlay Gaming

Pre Seed Round in 2021
DigiPlay is a free to play, browser-based gaming service that allows anyone to access console games on low end PC's, right through the web.

Betterment

Series F in 2021
Betterment LLC is an online financial advisory firm based in New York, founded in 2007. The company specializes in automated investing services that help individuals manage their finances through a customized and diversified portfolio. Betterment offers a range of investment options, including traditional and Roth IRAs, 401(k) accounts, and trust accounts, all of which are designed to optimize investment returns. Its services also include financial and retirement planning, tax loss harvesting, and cash management tools, such as the Two-Way Sweep feature. Betterment caters to various customer segments, including individual investors, businesses through Betterment for Business, and financial advisors via Betterment for Advisors. The firm charges a management fee for its services and focuses on providing personalized, goal-based investing solutions to enhance clients' long-term financial success.

SimpliFi

Seed Round in 2021
SimpliFi is a company dedicated to democratizing payments by creating a leading Cards as a Service (CaaS) platform tailored for the MENA region and Pakistan. The platform streamlines the card issuance process, managing the entire end-to-end workflow that includes partner collaboration with banks, schemes, and processors. It also addresses identity verification, fulfillment, and delivery while providing a specialized technology stack that further handles card operations and compliance. By simplifying these complexities, SimpliFi allows its clients to concentrate on their core business activities, thus enhancing their operational efficiency in the financial services sector.

Loco

Seed Round in 2021
Loco is an Indian game streaming platform that specializes in live game streaming and esports. It provides a space for gamers to connect with audiences through multiplayer social communities, allowing them to engage in live streams and arcade games. The platform enables players to showcase their gaming skills while earning rewards for their gameplay. By fostering interaction between gamers and viewers, Loco aims to enhance the overall experience within the global gaming industry.

Marn.io

Seed Round in 2021
Marn is an hourly work solutions platform connecting Saudi businesses with thousands of Saudi job seekers in Retail, hospitality, F&B, and Hajj industries. As one of the first Saudi on-demand hourly staffing platform, Marn has had the trust of hundreds of well-known brands and hundred thousands of job seekers. Marn enables businesses to hire hourly staff to manage customers during peak hours and high seasons. All employees are fully vetted through interviews and tests that are prerequisites for joining the platform. Brands using Marn for recruiting save time and effort by letting our technology manage interviews, training, placement, shift scheduling, worker payments, performance reports, and task evaluation. Marn offers other services such as mystery shopper for hotels and retail, and sports events management. Learn more at Marn.io

Marn

Seed Round in 2021
Marn provides easy-to-use cloud POS solutions to clients who manage SMEs to get you all they want, to manage their store, and more.

FlexxPay

Seed Round in 2021
FlexxPay is a company that provides an online platform designed for employers to allow their employees to access earned salaries and commissions instantly before the regular payday. This service helps employees manage unavoidable expenses that arise between pay cycles, reducing financial stress. The platform enables businesses to offer their employees a portion of their already-earned but yet-to-be-paid salary on demand, providing an alternative to the traditional pay cycle.

Tradespace

Seed Round in 2021
Tradespace Inc. specializes in enabling the buying, selling, and licensing of intellectual property through its innovative platform. Established in 2017 and based in San Francisco, California, Tradespace utilizes advanced predictive analytics to facilitate connections between intellectual property creators and entities seeking technology solutions. By leveraging its artificial intelligence-driven approach, the company aims to empower organizations to enhance the value of their intellectual property and unlock significant commercialization opportunities. Tradespace provides a streamlined alternative to traditional IP strategy processes, reducing the need for costly consultants, brokers, and legal advisors.

AKA Virtual

Seed Round in 2021
AKA Virtual is a Tokyo-based talent agency specializing in the management, mentoring, and production of virtual artists. As a virtual-first agency, it focuses on delivering real-time entertainment that resonates with contemporary audiences. The agency's team of experienced creators helps virtual artists engage across multiple platforms, including live streaming on Twitch and interactions on social media. By fostering a new generation of virtual stars, AKA Virtual aims to meet the demand for innovative entertainment that transcends traditional mediums.

Better Tomorrow Ventures

Venture Round in 2021
Better Tomorrow Ventures is a venture capital firm based in San Francisco, California, focusing on early-stage investments in the fintech sector. Established in 2019, the firm specializes in pre-seed and seed-stage companies primarily within the software as a service (SaaS) and marketplace domains. As a Registered Investment Adviser, Better Tomorrow Ventures aims to support innovative startups that are driving advancements in financial technology.

Docket

Seed Round in 2021
Docket is a centralized platform for legal teams that highlights the value of legal to the enterprise. Teams can deliver on priorities and prevent tasks from falling through the cracks thanks to Docket's dashboards, which display the status of all work in real time. It enables the user to handle ad hoc requests, automate matter intake, create and assign tasks for easy collaboration, and use Advanced search for comprehensive matter visibility.

Qwasar Silicon Valley

Seed Round in 2020
Qwasar Silicon Valley is an American educational institution specializing in software engineering. It offers apprenticeships focused on backend development, embedded engineering, AI/ML, and provides access to over 6,000 platform users through its proprietary experiential learning platform backed by automation, data, and AI. Qwasar partners with leading tech companies to increase workforce diversity and has demonstrated success in this area.

Insured Nomads

Pre Seed Round in 2020
Insured Nomads is an insurtech company that specializes in providing comprehensive insurance solutions tailored for modern businesses operating in multiple countries. The company focuses on health and travel insurance, designed to support remote workers and distributed teams with secure coverage, instant assistance, and simplified claims processes. Insured Nomads offers a range of services including global and regional health insurance, travel insurance, trip cancellation plans, and tools for security and well-being. The platform integrates advanced technologies such as AI and GPS to enhance the user experience, allowing clients to navigate their insurance needs seamlessly. Operating as a remote and agile enterprise, Insured Nomads has established a presence through strategic partnerships across the globe, ensuring support and community engagement for its clients. Additionally, the company is committed to social impact by aiding vulnerable populations impacted by human trafficking.
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