
Shorooq Partners
Description
Shorooq Partners is a prominent alternative investment fund manager headquartered in Abu Dhabi, United Arab Emirates, established in 2017. The firm has rapidly emerged as a key player in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region's venture capital landscape. They distinguish themselves by investing across a broad spectrum of stages, from early-stage seed rounds all the way to pre-IPO growth equity, demonstrating a comprehensive approach to supporting technological innovation. Their strategic focus is primarily on high-growth tech companies within the MENAP region, aiming to capitalize on the burgeoning digital economy.
The firm employs a multi-fund strategy, encompassing a dedicated Seed Stage Fund, a Venture Debt Fund, and a Growth Equity Fund, allowing them to provide tailored capital solutions at various points in a company's lifecycle. While sector-agnostic, Shorooq Partners exhibits a strong preference for disruptive technologies in areas such as Fintech, SaaS, B2B platforms, Proptech, Edtech, Gaming, Foodtech, Mobility, Logistics, and Deep Tech. Beyond capital deployment, Shorooq emphasizes a hands-on, value-add approach, leveraging its extensive network and operational expertise to support portfolio companies in scaling and achieving market leadership. This commitment to fostering ecosystem growth has cemented their reputation as a strategic partner for founders.
With an impressive portfolio exceeding 80 companies, Shorooq Partners has deployed significant capital into the MENAP tech ecosystem, managing over $300 million in assets under management. Their investments span across critical sectors, contributing to the region's economic diversification and digital transformation. Notable portfolio companies include Pure Harvest Smart Farms, NymCard, and Tamara, among others, showcasing their diverse investment footprint. Shorooq Partners' ability to provide capital from initial seed funding to substantial growth rounds positions them as a versatile and impactful investor dedicated to nurturing the next generation of regional tech giants.
Investor Profile
Shorooq Partners has backed more than 72 startups, with 15 new investments in the last 12 months alone. The firm has led 31 rounds, about 43% of its total and boasts 6 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Pre Seed rounds (top funding stages).
- Majority of deals are located in United Arab Emirates, Saudi Arabia, Pakistan.
- Strong thematic focus on FinTech, Financial Services, E-Commerce.
- Led 10 rounds in the past year.
- Typical check size: $100K – $20M.
Stage Focus
- Seed (44%)
- Series A (28%)
- Pre Seed (11%)
- Series B (7%)
- Debt Financing (4%)
- Series Unknown (3%)
- Series C (1%)
- Convertible Note (1%)
Country Focus
- United Arab Emirates (29%)
- Saudi Arabia (21%)
- Pakistan (14%)
- United States (11%)
- Egypt (10%)
- United Kingdom (4%)
- Bangladesh (3%)
- Jordan (3%)
- South Korea (1%)
- Seychelles (1%)
Industry Focus
- Fintech
- Financial Services
- E-commerce
- Software
- Payments
- Information Technology
- Saas
- B2b
- Predictive Analytics
- Retail
Frequently Asked Questions
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