VentureSouq

VentureSouq is a venture capital firm established in 2013 and headquartered in Dubai, United Arab Emirates. The firm specializes in managing thematic funds with a focus on early-stage technology companies. Its investment strategy encompasses various sectors, including FinTech, ClimateTech, agriculture tech, environmental tech, food tech, enterprise software, health tech, and digital media. With a global portfolio, VentureSouq aims to support innovative startups in the MENA region and beyond.

Maan Eshgi

General Partner

Sonia Gokhale

Partner

Suneel Gokhale

Partner

Tammer Qaddumi

Partner

Sonia Weymuller

Founding Partner

Past deals in Bahrain

Rain

Convertible Note in 2021
Rain is a regulated cryptocurrency exchange based in Manama, Bahrain, that was founded in 2017. It operates a digital currency trading platform specifically designed to facilitate secure and compliant transactions in the Middle East. The platform allows clients to buy, sell, and store digital currencies while adhering to regulatory standards. By functioning within a regulatory sandbox, Rain aims to provide a safe environment for digital transactions, enhancing trust and security for its users.

Kitopi

Series B in 2019
Kitopi is a Kitchen as a Service (KaaS) platform that facilitates the establishment of delivery-only restaurant locations by offering managed kitchen infrastructure and software solutions. Founded in 2018 by Mohamad Ballout, Saman Darkan, Bader Ataya, and Andy Arenas, Kitopi operates a network of over 60 cloud kitchens across the United Arab Emirates, Saudi Arabia, Kuwait, and Bahrain. The company enables restaurateurs to minimize capital expenditure and streamline operations by providing essential services such as management, call assistance, delivery management, trained staff, and specialized technology. Although Kitopi expanded into the United States in 2019, it exited the market following the onset of the pandemic.

Kitopi

Series A in 2018
Kitopi is a Kitchen as a Service (KaaS) platform that facilitates the establishment of delivery-only restaurant locations by offering managed kitchen infrastructure and software solutions. Founded in 2018 by Mohamad Ballout, Saman Darkan, Bader Ataya, and Andy Arenas, Kitopi operates a network of over 60 cloud kitchens across the United Arab Emirates, Saudi Arabia, Kuwait, and Bahrain. The company enables restaurateurs to minimize capital expenditure and streamline operations by providing essential services such as management, call assistance, delivery management, trained staff, and specialized technology. Although Kitopi expanded into the United States in 2019, it exited the market following the onset of the pandemic.

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.

Souqalmal

Convertible Note in 2016
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.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.