Khwarizmi Ventures

What Khwarizmi Ventures does

Khwarizmi Ventures is a Riyadh-headquartered venture capital firm founded in 2018 that manages Seed-to-Series A investments across the GCC region, with at least 50% of capital allocated to Saudi Arabia. The firm is sector-agnostic but expresses thematic focus on fintech, e-commerce, and AI applications, deploying initial checks of $1 million to $5 million per deal. Fund I, raised in the firm's early years, backed more than 30 startups — including category leaders such as Tamara, Eyewa, HALA, and Calo — and delivered five exits within its first five years.

The firm's revenue model is that of a traditional venture capital manager: it earns returns through equity investments in early-stage startups, generating income from management fees on committed capital and from capital appreciation upon successful exits from portfolio companies. Khwarizmi supplements capital with hands-on operational support, including talent acquisition, business development, fundraising assistance, and introductions to debt partners and financial institutions.

In 2026, Khwarizmi completed the first close of Fund II at over $70 million (SAR 270 million), anchored by institutional investors, Saudi family offices, Saudi Venture Capital (SVC), and Saudi Industrial Investment Company (SIC). The firm currently reports 29 active portfolio companies across 10 sectors — including fintech (HALA, SiFi, Erad, Tamara, RemotePass), foodtech (Calo), e-commerce (Eyewa, Aya), logistics (Trukker, Bosta), and HRtech (bluworks) — with cumulative impact metrics of 7,500 jobs created, 500,000 users with improved financial health, and 120,000 users adopting healthier lifestyles through portfolio companies.

Name

Khwarizmi Ventures

Legal name

Khwarizmi Ventures

Website

https://khwarizmivc.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Khwarizmi Ventures is a Riyadh-based venture capital firm founded in 2018 that manages Seed-to-Series A investments across the GCC, with $1M–$5M initial checks and a sector-agnostic focus on fintech, e-commerce, and AI startups.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Early-Stage Venture Capital (Series A/B) (FSANAAAB)

akta.pro secondary industry

Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit) (FSAAABAI)

Keywords

• Venture capital investing
• Early-stage funding
• Seed to series A
• GCC startup investment
• Fund management

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Fund Management / Capital Gains: As a venture capital firm, Khwarizmi Ventures generates returns through equity investments in early-stage startups. The firm manages investment funds (Fund I and Fund II) and earns returns when portfolio companies achieve successful exits. Fund I delivered five exits within its first five years.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Khwarizmi Ventures is a Riyadh-based venture capital firm that manages two investment funds (Fund I and Fund II) deploying $1 million to $5 million equity tickets into Seed and Series A stage technology and tech-enabled startups across the GCC, with at least 50% of capital allocated to Saudi Arabia. The firm takes a sector-agnostic approach with focus areas in fintech, e-commerce, and AI, and provides hands-on operational support across talent, business development, and follow-on fundraising to portfolio founders. Returns are generated primarily through equity capital gains on successful portfolio exits, supported by Fund I's track record of five exits within its first five years.

Product overview

Khwarizmi Ventures is a Saudi Arabia-based venture capital firm managing investment funds (Fund I and Fund II) that focuses on Seed to Series A stage startups in the GCC region. The firm maintains a sector-agnostic investment approach with particular emphasis on fintech, e-commerce, and AI applications. Their portfolio of 29 active companies and 4 exits spans across multiple sectors including foodtech (Calo), fintech (HALA, SiFi, Malaa, Erad, Tamara, RemotePass), logistics (Trukker, Bosta), e-commerce (Eyewa, Aya), HRtech (bluworks), and other technology platforms. Khwarizmi Ventures operates as a fund manager rather than a product company, providing capital investment and strategic support to early-stage founders rather than offering technology products directly.

Differentiator

Problem solved

Functional benefit

Products and services

• Khwarizmi Ventures Fund I Venture capital fund making Seed and Series A equity investments ($1M-$5M) in technology and tech-enabled startups across the GCC; backed 30+ startups including Calo, Eyewa, Tamara, and HALA and delivered five exits within its first five years.
• Khwarizmi Ventures Fund II Second venture capital fund with a first close exceeding $70 million (SAR 270 million) from institutional investors and Saudi family offices, targeting Seed and Series A startups across the GCC with $1M-$5M initial investments, sector-agnostic with focus on fintech, consumer tech, and AI.

Quantifiable outcome

• Fund I delivered 5 exits within first 5 years
• +3 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Raed Ventures: Riyadh-based early-stage VC investing in MENA tech startups at Seed and Series A. Highly comparable as a direct competitor for the same Saudi deals, with co-investment history visible in SiFi and Aya rounds alongside Khwarizmi.
• B&Y Venture Partners: MENA-focused early-stage VC backing Seed and Series A startups across the GCC. Comparable as a regional peer competing for similar founder relationships and sector-agnostic tech thesis.
• STV: Saudi-based VC fund investing in tech-enabled startups across MENA from Seed through growth. Directly comparable as a co-investor alongside Khwarizmi in Calo and other portfolio companies, with shared GCC Seed/Series A focus.
• Shorooq Investments: Abu Dhabi-headquartered early-stage VC investing in tech startups across MENA from Pre-Seed through Series A. Closely comparable given shared stage, regional focus, and thesis on tech-enabled GCC companies.
• Middle East Venture Partners (MEVP): One of the longest-running MENA-focused VC firms investing at Seed and Series A in tech startups. Closely comparable given overlapping stage, regional focus, and co-investment history visible in the SiFi round.
• Nuwa Capital: MENA-focused early-stage VC backing Seed and Series A tech startups. Directly comparable as a GCC peer co-investing with Khwarizmi in Aya and Calo, with similar stage and sector focus.
• Oraseya Capital: UAE-based early-stage VC investing across MENA tech startups. Directly comparable as co-investor in Calo Series B extension and RemotePass Series B, competing for similar Series A opportunities.
• Arzan Venture Capital: Kuwait-based early-stage VC with a GCC-wide investment mandate in tech startups. Comparable given shared Seed/Series A thesis, regional geographic focus, and ambition to back next-generation regional tech champions.

Broad incumbents

• Sanabil Investments (PIF): Saudi sovereign-backed investment arm focused on venture and growth-stage global exposure. Comparable as both LP into Khwarizmi's deals and competing investor in the MENA tech ecosystem at adjacent stages.
• 500 Global (MENA): Global venture firm with strong MENA presence and dedicated MENA fund investing at Seed. Comparable as co-investor in RemotePass alongside Khwarizmi, with broader global platform but overlapping Saudi/UAE deal flow.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/khwarizmivc
• LinkedInlinkedin.com/company/khwarizmivc
• Facebookfacebook.com/khwarizmivc

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments56 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Khwarizmi Ventures