VC funds & investors in Oman

How venture capital works in Oman

Oman's venture capital is small and state-anchored. Future Fund Oman sits behind most of it: OTF Scale is the ideation-stage fund of the Oman Future Fund, the Tanmia Small-Cap Fund has Future Fund Oman as anchor investor with TANMIA as investment manager, and Jasara Capital (established in 2019 as Oman Angels) structures its 50/50 joint ventures with support from Future Fund Oman. ITHCA Group is the Omani ICT investment group whose subsidiaries include the Oman Technology Fund (OTF). The private firms are Phaze Ventures, Oman's oldest private VC (founded 2018, Muscat), and Cyfr Capital, whose co-founders bring network connections from the USA to MENA — its portfolio includes d-Matrix, Docker, Kaso, Mamo and Nursa.

Stages and tickets: OTF Scale writes the first cheque before the product exists — up to OMR 40,000, released against a first experiment agreed with the founders, for a minority equity stake on standard early-stage terms — and then supports incorporation, legal, finance, hiring and pricing in the first 180 days, with accelerator access through Al Jabr. Phaze Ventures invests $200K–$2M from pre-seed to Series A in early-stage deep tech and AI companies focused on the GCC and North American markets (B2B AI and SaaS, hardtech, industrial and energy tech, dev tools and cyber, logistics and maritime, fintech and regtech, healthcare, AI infrastructure). ITHCA Group invests directly from idea stage to mature company in ICT — hardware, security, cloud, IoT, AI, data centres, blockchain — applied to manufacturing, tourism, energy, logistics and financial services; ticket size not published. The Tanmia Small-Cap Fund is later-stage growth equity, sector-agnostic. Jasara Capital invests in international startups soft-landing in Oman and Omani ventures expanding abroad, as 50/50 joint ventures with Salica Investments and Spring Venture Services.

Applying: OTF Scale takes rolling applications on the Oman Future Fund investee portal and is open to founders building in Oman, founders willing to incorporate in Oman, and Omani founders abroad who want to come home — no product, revenue or company needed. Phaze Ventures has a funding page on its site; ITHCA Group takes an investment teaser of at most 20 slides through the form on its Direct Investment page. Jasara Capital works by e-mail with no application form; Cyfr Capital and the Tanmia Small-Cap Fund publish no pitch route. 3 of the 6 Oman venture entries carry an Apply button on GulfPitch; the accelerators and government programmes of Oman are listed on their own pages.

In numbers: 6 VC funds & investors in Oman, 3 taking applications; none of those with an application link states on its own website that it takes companies from abroad (November 2026).

Facts from each programme’s own website, checked October 2026. Amounts in the currency the programme publishes.

Questions founders ask about VC funds in Oman