How venture capital works in the UAE
Venture capital in the UAE runs through two financial centres with their own regulators: Abu Dhabi Global Market (ADGM) on Al Maryah Island, where fund managers are regulated by the ADGM Financial Services Regulatory Authority (FSRA), and the Dubai International Financial Centre (DIFC), where they are authorised by the DFSA. Phoenix Venture Partners, Bunat Ventures, VentureSouq, Iliad Partners, Natural Ventures, Klumi Ventures and Venturewave Capital hold ADGM licences; Nuwa Capital, Raiven Capital and Ajeej Capital (Cabrit Venture Fund I) are regulated by the DFSA in DIFC. Government capital sits behind several funds: Oraseya Capital is the AED 500M venture arm of the Dubai Integrated Economic Zones Authority (DIEZ), Mubadala Capital is Abu Dhabi's sovereign-affiliated asset manager with its own Ventures platform, and Dubai Future District Fund lists Leo Capital and Partech among its fund-of-funds investments. Saudi fund-of-funds reach into the UAE too: Jada Fund of Funds and SVC back Access Bridge Ventures and the Salica Oryx Fund, Jada Fund of Funds invested in the first close of Iliad Partners' Tech Ventures Fund I, and Shorooq Partners joined QIA's Fund of Funds programme in February 2026.
Stages and tickets: at pre-seed and seed, COTU Ventures writes initial cheques of $150k–$2m, Plus VC invests about $100K at seed with follow-ons up to $500K, and BYLD and Leo Capital lead pre-seed and seed rounds (Leo Capital reads every pitch without a warm introduction). Wamda Capital and Annex Investments invest from seed to Series A, Fikr Ventures at seed in edtech only. For Series A, Modus Capital prefers to lead late seed and Series A rounds with tickets of $500k to $2m, Iliad Partners invests at pre-Series A and Series A from a $50M Fund I, Access Bridge Ventures leads pre-Series A rounds from a $35M fund, and MEVP writes tickets of $3M to $5M from its $105M Middle East Venture Fund IV. Phoenix Venture Partners invests USD 100,000 to 7.5 million per company from seed to Series B out of its $50M Innovation Fund, Constructor Capital up to $10 million from pre-seed to Series A, and Partech's seed fund €300k–€3m. Later-stage capital comes from Yellowfin Capital Partners (US$100K–US$1M at growth and expansion stage), Venturewave Capital and White Star Capital (Series A and B; White Star's Fund IV is $250M), TAU Capital (approximately $15M per company at growth stage), Global Ventures ($400M AUM, growth stage), General Atlantic and SoftBank Vision Fund (growth equity). BECO Capital spans the whole range, from pre-seed to pre-IPO, with $820M+ across five funds.
Sectors: fintech is the deepest pool — Further Ventures (fintech and digital-asset markets), VentureSouq (FinTech and ClimateTech funds), Iliad Partners (fintech, proptech, logistics), BYLD (fintech, AI, industrials), Access Bridge Ventures and Nuwa Capital (portfolios include Malaa, MoneyHash and ClearGrid). Blockchain and digital assets have their own cluster in Abu Dhabi and DIFC: Klumi Ventures (pre-seed to Series A, equity plus tokens), Hashgraph Ventures (blockchain infrastructure and AI), Hashed (AI, crypto and frontier tech), Primal Capital (applied technology and digital assets) and Ajeej Capital's Cabrit Venture Fund I (Bitcoin and blockchain). Healthcare: TVM Capital Healthcare invests growth capital in tech-enabled healthcare companies, and Mubadala Capital's Ventures platform covers technology and healthcare. Impact and climate: Natural Ventures ($100m inaugural fund, first close July 2024) backs water and food security technology, Venturewave Capital invests in health, education, food and agriculture, climate and sustainable finance. Niche funds: Homegrown Ventures backs consumer goods brands (Fund I over $22.8 million, final close April 2026), Fikr Ventures seed-stage edtech, Mindshift Capital women-led companies with a gender lens, 212 B2B technology, TAU Capital and Constructor Capital deep tech.
Applying: 22 of the 48 UAE venture capital entries on the map take pitches through their own sites — among them MEVP (Apply for funding), Shorooq Partners (Get funded), Plus VC (Apply now), Jasoor Ventures, Salica Oryx Fund and Global Ventures (pitch forms), Oraseya Capital (Pitch to us), BECO Capital (founder route on its contact form with deck upload), Leo Capital (replies within 2–3 days), Fikr Ventures (four-step application, reply within two weeks), Homegrown Ventures (rolling review), Venturewave Capital (through its Venturebeam platform), Constructor Capital (Tell us about your startup), 212 (pitch deck through its contact form) and Yellowfin Capital Partners (Get Funding form). Phoenix Venture Partners takes pitches by e-mail (getfunded@pvp-me.com). The other 26 — including Iliad Partners, Nuwa Capital, COTU Ventures, Wamda Capital, White Star Capital, General Atlantic, SoftBank Vision Fund, TAU Capital and 21 Ventures — publish no application form; BYLD's founder Typeform is private and its Founders Program link returns 404. On GulfPitch every entry with a public application route carries an Apply button; the rest show the fund's own website.
Where they sit: Abu Dhabi, almost entirely inside ADGM on Al Maryah Island, holds the larger cluster — Further Ventures, Plus VC, Phoenix Venture Partners, Jasoor Ventures (ADGM Square), Bunat Ventures (Al Sila Tower), VentureSouq, Iliad Partners, Modus Capital, Phoenician VC, Hashgraph Ventures and Venturewave Capital (all Al Khatem Tower), Natural Ventures and Klumi Ventures (Al Sarab Tower), TAU Capital and SoftBank Vision Fund (Al Sila Tower), Annex Investments, Fikr Ventures, Mubadala Capital, Hashed (Sky Tower, Al Reem Island), General Atlantic (Al Maryah Island) and MSA Novo (ADGM Square), with Salica Investments, Constructor Capital, Primal Capital and White Star Capital naming Abu Dhabi among their locations. Dubai's funds gather in DIFC and around it — Nuwa Capital, BYLD (Index Tower), Raiven Capital (DIFC Innovation Hub) and Ajeej Capital (Cabrit Venture Fund I) in DIFC; BECO Capital at One Central, Dubai World Trade Centre; Jabbar Internet Group in Dubai Design District; Pin (Pininvest) in Business Bay; Oraseya Capital and Homegrown Ventures Dubai-based; TVM Capital Healthcare, Leo Capital, Partech, 212 and Mindshift Capital with Dubai as their regional office or hub. Yellowfin Capital Partners works from both cities (Tamouh Tower, Al Reem Island and Business Bay). Access Bridge Ventures, MEVP, Shorooq Partners, COTU Ventures, Lunara Partners, Global Ventures and Wamda Capital name the UAE or the MENA region without an emirate on their sites.
In numbers: 50 VC funds & investors in the UAE, 23 taking applications; 5 state on their own websites that they take companies from abroad (November 2026).
Facts from each programme’s own website, checked October – November 2026. Amounts in the currency the programme publishes.
212
Ajeej Capital — Cabrit Venture Fund I
BECO Capital
Bunat Ventures
Constructor Capital
Fikr Ventures
Global Ventures
Homegrown Ventures
Jasoor Ventures
Kjøller
Leo Capital
MEVP
Modus Capital
Natural Ventures
Oraseya Capital
Phoenix Venture Partners
Plus VC
Primal Capital
Salica Oryx Fund
Shorooq Partners
TVM Capital Healthcare
VentureSouq (VSQ)
Venturewave Capital
21 Ventures
Access Bridge Ventures
Annex Investments
BY Venture Partners
BYLD
COTU Ventures
Further Ventures
General Atlantic
Hashed
Hashgraph Ventures
Iliad Partners
Jabbar Internet Group
Klumi Ventures
Lunara Partners
Mindshift Capital
MSA Novo (Novo Capital)
Mubadala Capital
Nuwa Capital
Partech
Phoenician VC
Pin (Pininvest)
Raiven Capital
SoftBank Vision Fund
TAU Capital
Wamda Capital
White Star Capital
Yellowfin Capital Partners
Questions founders ask about VC funds in the UAE
Which VC funds are based in Abu Dhabi?
Most Abu Dhabi venture funds sit in ADGM on Al Maryah Island: Further Ventures, Plus VC, Phoenix Venture Partners, Jasoor Ventures, Bunat Ventures, VentureSouq, Iliad Partners, Modus Capital, Phoenician VC, Hashgraph Ventures, Venturewave Capital, Natural Ventures, Klumi Ventures, TAU Capital, SoftBank Vision Fund, General Atlantic and MSA Novo. Annex Investments, Fikr Ventures and Mubadala Capital are Abu Dhabi-based, Hashed has its office in Sky Tower on Al Reem Island, and Yellowfin Capital Partners in Tamouh Tower. Salica Investments, Constructor Capital, Primal Capital and White Star Capital list Abu Dhabi among their global locations.
Which VC funds are based in Dubai?
In DIFC: Nuwa Capital, BYLD (Index Tower), Raiven Capital (DIFC Innovation Hub) and Ajeej Capital's Cabrit Venture Fund I. Elsewhere in Dubai: BECO Capital (One Central, Dubai World Trade Centre), Jabbar Internet Group (Dubai Design District), Pin (Business Bay), Yellowfin Capital Partners (Business Bay office), Oraseya Capital (the venture arm of DIEZ) and Homegrown Ventures. TVM Capital Healthcare, Leo Capital, Partech, 212 and Mindshift Capital run their regional presence from Dubai.
Which UAE VC funds invest at pre-seed and seed?
COTU Ventures (initial cheques $150k–$2m), Plus VC (about $100K at seed), BYLD and Leo Capital (lead pre-seed and seed rounds), Lunara Partners (pre-seed and seed plus late-stage capital), Wamda Capital and Annex Investments (seed to Series A), Fikr Ventures (seed, edtech only), Klumi Ventures and Hashgraph Ventures (pre-seed to Series A in blockchain), Salica Oryx Fund (seed-stage MENA technology), Jasoor Ventures (early stage), Constructor Capital (pre-seed to Series A, up to $10 million) and Partech's seed fund (€300k–€3m). Oraseya Capital and Phoenix Venture Partners start at pre-seed and seed and continue to Series B; BECO Capital invests from pre-seed to pre-IPO.
How much do UAE VC funds invest per deal?
Published tickets on the map: Plus VC about $100K at seed with follow-ons up to $500K; COTU Ventures $150k–$2m initial; Modus Capital $500k to $2m; Phoenix Venture Partners USD 100,000 to 7.5 million per company; Yellowfin Capital Partners US$100K–US$1M; Partech's seed fund €300k–€3m; MEVP $3M to $5M; Constructor Capital up to $10 million; TAU Capital approximately $15M per company. Most other funds publish their fund size but not the cheque — for example Access Bridge Ventures ($35M fund), Iliad Partners ($50M Fund I), Natural Ventures ($100m inaugural fund), Raiven Capital ($125M Fund B), White Star Capital ($250M Fund IV), Oraseya Capital (AED 500M) and BECO Capital ($820M+ across five funds).
Which UAE VC funds take applications online?
22 of the 48 UAE venture capital entries on GulfPitch have a public application route: Salica Oryx Fund, MEVP, Shorooq Partners, BECO Capital, Global Ventures, Plus VC, Phoenix Venture Partners (by e-mail), Oraseya Capital, Jasoor Ventures, Bunat Ventures, VentureSouq, TVM Capital Healthcare, Natural Ventures, Constructor Capital, Primal Capital, Leo Capital, 212, Venturewave Capital, Ajeej Capital (Cabrit Venture Fund I), Homegrown Ventures, Modus Capital and Fikr Ventures. Each carries an Apply button on its GulfPitch page that opens the fund's own form.
Which UAE VC funds are backed by Gulf fund-of-funds?
Jada Fund of Funds and SVC (Saudi Arabia) back Access Bridge Ventures and the Salica Oryx Fund; Jada Fund of Funds also invested in the first close of Iliad Partners' Tech Ventures Fund I. Dubai Future District Fund lists Leo Capital and Partech among its fund-of-funds investments. Shorooq Partners joined QIA's Fund of Funds programme (Qatar) in February 2026, and QSTP lists White Star Capital among the co-investment partners of its Tech Venture Fund. Oraseya Capital is itself government capital, the venture arm of the Dubai Integrated Economic Zones Authority.
Which VC funds in the UAE focus on fintech?
Further Ventures (fintech, digital assets and financial markets infrastructure), VentureSouq (its FinTech fund covers payments, lending, embedded finance and compliance), Iliad Partners (fintech, proptech and logistics in Saudi Arabia and the UAE), BYLD (fintech, AI and industrials), Shorooq Partners (fintech, software, frontier tech) and Yellowfin Capital Partners (fintech among eight sectors). Access Bridge Ventures, Nuwa Capital, Bunat Ventures and MEVP list fintech among several sectors; portfolio names on the map include Malaa, MoneyHash, ClearGrid, Tabby and Nymcard.
Which UAE VC funds invest in blockchain, AI or deep tech?
Blockchain and digital assets: Klumi Ventures (equity plus tokens, pre-seed to Series A), Hashgraph Ventures (blockchain infrastructure and AI), Hashed (AI, crypto and frontier tech), Primal Capital (applied technology and digital assets, seed to growth) and Ajeej Capital's Cabrit Venture Fund I (Bitcoin and blockchain). AI: SoftBank Vision Fund (the AI economy from hardware to applications), Lunara Partners (AI and enterprise software), Raiven Capital (AI and IoT platforms) and BYLD. Deep tech: TAU Capital (climate resilience, automation, techbio, next-gen computing and the space economy, approximately $15M per company) and Constructor Capital (deep tech, software tech and knowledge tech, up to $10 million).
Do I need a UAE company to pitch a UAE VC fund?
Only a few funds tie their mandate to the UAE: Oraseya Capital backs tech startups with ties to Dubai and the UAE, and Iliad Partners invests primarily in Saudi Arabia and the UAE. Most UAE funds invest across the region — MENA for Salica Oryx Fund, Jasoor Ventures (plus Turkey), 21 Ventures, Annex Investments and Wamda Capital; MENA and Pakistan for Access Bridge Ventures; the GCC, Egypt and the Levant for Modus Capital, which also takes US and EU companies that are portable to the Middle East; MENA and India for Homegrown Ventures; MENA and Sub-Saharan Africa for Pin. Yellowfin Capital Partners works both ways between Asia and the GCC, and Leo Capital, Constructor Capital, Partech, White Star Capital and Hashed invest globally from their UAE offices.
Which global VC firms have an office in the UAE?
SoftBank Vision Fund (Al Sila Tower, ADGM) and General Atlantic (ADGM, Al Maryah Island, opened 2024) in Abu Dhabi; Partech (Dubai, besides Paris, Berlin, Dakar, Milan, Nairobi and San Francisco), White Star Capital (Abu Dhabi, where its General Partner and Chief Catalyst Officer is based), Hashed (Abu Dhabi, alongside Seoul, San Francisco, Singapore and Bangalore), Constructor Capital and Primal Capital (Abu Dhabi among their locations), Leo Capital (Dubai as its MENA hub), 212 (Dubai and Doha among its bases), MSA Novo (Abu Dhabi, Riyadh, Singapore) and TVM Capital Healthcare (Dubai and Singapore). Each is on the map because its own site names a UAE office or a GCC investment.
VC funds & investors elsewhere in the Gulf
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