Incubayt

Venture Capital / ClimateTech Investmentincubayt.com

Incubayt is a Dubai-based, DIFC-domiciled early-stage venture capital firm investing in ClimateTech startups across the EMEA region, with a 14-company portfolio and 10 co-investment fund partnerships.

Company typePrivate
Founded2019
HeadquartersDubai, United Arab Emirates
Headcount11–50
GTM typeB2B
OfferingServices

What Incubayt does

Incubayt Investments Ltd is a Dubai-based, privately held venture capital firm founded in 2019, domiciled in the Dubai International Financial Centre (DIFC). The firm invests in early-stage ClimateTech startups across the EMEA region, with a stated thesis of supporting entrepreneurs who are building businesses around environmental sustainability, clean energy, smart buildings, water, and waste reduction. Its 14-company portfolio spans clean energy access (Pawame), building decarbonization (AMP), water purification (Wisewell), food waste valorization (The Waste Lab), solar lead generation (Planno), autonomous driving (Imagry), sustainable commerce (Maple, Baraka), home care (Homecare Hub), virtual food brands (Sauce), AI-driven customer engagement (Lava), and regtech (Qadi). Three investments — Baraka (partial), Maple, and Pawame — have been fully or partially exited.

The firm is led by Managing Director Sami Khoreibi with a small core team (Lilian Saab, HR/Account Manager; Roy Mardini, Analyst) and operates a "built by entrepreneurs for entrepreneurs" partnership model that provides portfolio companies with capital, mentorship, and network access rather than a traditional product or services offering. Revenue is generated solely through equity returns — realized gains from exits, IPOs, and follow-on funding rounds — with no disclosed recurring product revenue, management fees, or AUM. Incubayt has also assembled a co-investment network of 10 external funds (including Burnt Island Ventures, BITKRAFT, ARCH Venture Partners, Vista Equity, and GroundForce Capital) to syndicate deals and share diligence across its ClimateTech mandate. The firm has no public listing, no parent company, and no disclosed institutional ownership; deal-making activity continued through December 2025 with the lead investment in UAE regtech Qadi.

Incubayt firmographics

Firmographics

Name: Incubayt
Legal name: Incubayt Investments Ltd
Website: https://incubayt.com
Company type: Private
Founded year: 2019
Operating status: Operating
Headcount range: 11–50 employees
Short description: Incubayt is a Dubai-based, DIFC-domiciled early-stage venture capital firm investing in ClimateTech startups across the EMEA region, with a 14-company portfolio and 10 co-investment fund partnerships.
Ownership category
akta.pro rank

Incubayt industry classification

Industry

Product category: Venture Capital / ClimateTech Investment
NAICS: Portfolio Management and Investment Advice (523940)
SIC: Investment Advice (6282)
akta.pro primary industry: Accelerators & Incubators (Investor-Operated) (FSANAAAM)

Keywords

Venture capital investing
Climatetech investments
Early stage funding
Sustainable startup capital
Mena venture capital

Where Incubayt is headquartered

Location

Headquarters

HQ city: Dubai
HQ country: United Arab Emirates
HQ region: Middle East

Offices2 records

Markets served

Incubayt business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

Investment Returns: Incubayt generates returns through equity investments in early-stage ClimateTech companies, with revenue realized through exits, IPOs, or follow-on funding rounds from other investors.

Go-to-market motion1 record

Incubayt product offering

Product offering

Core offering

Incubayt is a MENA-based venture capital firm that invests equity capital in early-stage ClimateTech companies across the EMEA region. It provides portfolio founders with funding, strategic expertise, mentorship, network access, and operational support to help turn sustainable innovation concepts into scalable businesses. Returns are generated through exits, IPOs, and follow-on rounds from other investors.

Product overview

Incubayt Investments is a single unified investment platform rather than a product-with-modules architecture. It operates as a venture investment firm that funds and supports early-stage ClimateTech companies. The firm's portfolio spans multiple sustainability sectors including clean energy, sustainable e-commerce, water purification, smart buildings, food waste reduction, and AI-powered climate solutions. Incubayt provides funding, mentorship, and strategic resources to portfolio companies while maintaining a thesis-driven approach to climate technology investment.

Differentiator

Problem solved

Functional benefit

Products and services

Incubayt Investments A MENA-based venture capital investment platform providing equity capital and strategic support to early-stage ClimateTech companies across the EMEA region, targeting founders building sustainable businesses.

Companies that use Incubayt

Customer profile

Segments1 record

Ideal customer profiles1 record

Incubayt technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Incubayt partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Incubayt competitors and assessment

Company assessment

Direct peers

Global Ventures: MENA-focused early- and growth-stage venture capital firm investing across consumer, fintech, and enterprise tech, operating from a comparable deal stage and region to Incubayt's ClimateTech thesis.
Shorooq Partners: MENA-based early-stage VC investing across fintech, digital infrastructure, and frontier tech; competes for the same founder pool and LP relationships in the region as Incubayt.
Beco Capital: DIFC-headquartered early-stage VC backing MENA founders across consumer and enterprise; shares geographic focus and pre-seed/seed mandate with Incubayt.

Regional players

Wa'ed Ventures: Saudi Aramco-backed early-stage VC investing in MENA tech startups; comparable stage and region but anchored in Saudi rather than UAE and tied to a corporate LP.

Broad incumbents

500 Global (MENA): Global early-stage accelerator/VC with active MENA operations running multi-sector seed programs; comparable seed-stage mandate but much larger scale and broader thesis than Incubayt.
Antler (MENA): Global early-stage investor and founder accelerator with MENA presence; offers day-one founder formation funding, similar to Incubayt's incubation-style support, but across all sectors.
Lowercarbon Capital: US-based venture fund investing exclusively in ClimateTech (energy, transportation, buildings, agriculture) from seed to growth; the most directly comparable ClimateTech-native specialist, though operating at much larger scale and from a different geography.
Breakthrough Energy Ventures: Bill Gates-backed ClimateTech fund investing across the full clean-energy stack with deep follow-on capacity; sets the benchmark Incubayt competes against in capital-intensive ClimateTech deals.

Others

Sanabil Investments: Saudi Arabia's Public Investment Fund-affiliated venture platform deploying LP capital into global and MENA-focused VCs; representative of the institutional LP base Incubayt would seek to raise from as the firm scales.

Emerging players

MBA Fund (MENA-focused syndicate): Early-stage MENA-focused fund backing pre-seed and seed deals across consumer and enterprise tech; operates at a comparable scale and stage to Incubayt but with a broader, non-ClimateTech thesis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Incubayt financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Incubayt leadership team

Management profile

Number of profiles

Profiles3 records

Incubayt funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Incubayt M&A and investment

M&A and investment

M&A

Investments5 records

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

Frequently asked questions about Incubayt

What does Incubayt do?

Is Incubayt a public or private company?

Incubayt is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Incubayt founded?

Incubayt was founded in 2019. It employs 11 to 50 people.

Where is Incubayt based?

Incubayt is headquartered in Dubai, United Arab Emirates, in the Middle East region.

How does Incubayt make money?

One revenue line is on record: investment Returns.

Who are Incubayt's main competitors?

Direct peers on record are Global Ventures, Shorooq Partners and Beco Capital. Wa'ed Ventures is listed as a regional player. Broad incumbents are 500 Global (MENA), Antler (MENA), Lowercarbon Capital and Breakthrough Energy Ventures. Sanabil Investments is listed as an others. MBA Fund (MENA-focused syndicate) is listed as an emerging player.

Does Incubayt have an API?

No public API is recorded for Incubayt.

What industry is Incubayt in?

Incubayt's product category is Venture Capital / ClimateTech Investment. Its primary akta.pro industry code is FSANAAAM, Accelerators & Incubators (Investor-Operated). Its NAICS code is 523940 and its SIC code is 6282.