Khwarizmi Ventures
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.
- Company typePrivate
- Founded2018
- HeadquartersRiyadh, Saudi Arabia
- Headcount11–50
- GTM typeB2B
- OfferingServices
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.
Khwarizmi Ventures firmographics
Firmographics- 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
Khwarizmi Ventures industry classification
Industry- 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
Where Khwarizmi Ventures is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices1 record
Markets served
Khwarizmi Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- 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
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Seed to Series A investments |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Khwarizmi Ventures product offering
Product offeringCore 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
Companies that use Khwarizmi Ventures
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles1 record
Khwarizmi Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Khwarizmi Ventures partnerships and signals
Strategic signalScale indicators7 records
Recent moves9 records
Expansion highlights6 records
Khwarizmi Ventures competitors and assessment
Company assessmentDirect 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
Khwarizmi Ventures social profiles
Digital presenceKhwarizmi Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
Khwarizmi Ventures leadership team
Management profileNumber of profiles
Profiles11 records
Khwarizmi Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Khwarizmi Ventures M&A and investment
M&A and investmentM&A
Investments56 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Khwarizmi Ventures
What does Khwarizmi Ventures do?
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.
Is Khwarizmi Ventures a public or private company?
Khwarizmi Ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Khwarizmi Ventures founded?
Khwarizmi Ventures was founded in 2018. It employs 11 to 50 people.
Where is Khwarizmi Ventures based?
Khwarizmi Ventures is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does Khwarizmi Ventures make money?
One revenue line is on record: fund Management / Capital Gains.
Who are Khwarizmi Ventures's main competitors?
Direct peers on record are Raed Ventures, B&Y Venture Partners, STV, Shorooq Investments, Middle East Venture Partners (MEVP), Nuwa Capital, Oraseya Capital and Arzan Venture Capital. Broad incumbents are Sanabil Investments (PIF) and 500 Global (MENA).
Does Khwarizmi Ventures have an API?
No public API is recorded for Khwarizmi Ventures.
What industry is Khwarizmi Ventures in?
Khwarizmi Ventures's product category is Venture Capital. Its primary akta.pro industry code is FSANAAAB, Early-Stage Venture Capital (Series A/B), with a secondary code of FSAAABAI, Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit). Its NAICS code is 5259 and its SIC code is 6282.