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Top 30 Hardware VC Funds & Investors in Pakistan (October 2026)

The most active venture capital funds investing in Pakistan Hardware startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Pakistan Hardware startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Fox Ventures
VC Fund
2 United States, Pakistan, Indonesia Seed, Series A, Pre-Seed Financial Services, FinTech, Software $650k–$15M
Global Founders Capital
VC Fund
2 United States, Germany, United Kingdom Seed, Series A, Pre-Seed Financial Services, Software, FinTech $575k–$30M
MSA Capital
VC Fund
2 China, United States, Egypt Series A, Seed, Series B E-Commerce, Financial Services, Biotechnology $1.5M–$130M
First Check Ventures
VC Fund
2 United States, Mexico, Colombia Pre-Seed, Seed, Series A FinTech, Financial Services, Software $350k–$46M
U.S. Venture Partners
VC Fund
2 United States, Israel, Canada Series B, Series C, Series A Software, Health Care, Information Technology $5M–$68M
Boost VC
VC Fund
1 United States, Canada, United Kingdom Seed, Pre-Seed, Venture - Series Unknown Software, Virtual Reality, Artificial Intelligence $100k–$8.9M
SparkLabs Ventures
VC Fund
1 South Korea, United States, Egypt Series A, Seed, Series B E-Commerce, Advertising, Retail $1.6M–$7.9M
Indus Valley Capital
VC Fund
1 Pakistan, United States Seed, Pre-Seed, Series A Marketplace, E-Commerce, Retail $750k–$30M
Treet Group Of Companies
VC Fund
1 Pakistan Seed Laser, Computer, Software
CIE IIIT Hyderabad
VC Fund
1 India, United States, Canada Non-Equity Assistance, Pre-Seed, Seed Software, Artificial Intelligence, Information Technology $27k–$92k
Asymmetry Ventures
VC Fund
1 United States, India, Canada Seed, Pre-Seed, Series A Software, Health Care, Biotechnology $125k–$21M
Walled City Co.
VC Fund
1 Pakistan, United States Pre-Seed, Seed, Angel E-Commerce, Software, Logistics $320k–$3.3M
CoCoon Ignite Ventures
VC Fund
1 United States, Hong Kong, Singapore Seed, Venture - Series Unknown, Pre-Seed Software, Artificial Intelligence, Apps $500k–$5M
Taarah Ventures
VC Fund
1 Pakistan Seed, Pre-Seed FinTech, Retail, Finance $1.5M–$2.5M
TPL eVentures
VC Fund
1 Pakistan Seed, Venture - Series Unknown E-Commerce, Apps, FinTech $1.6M–$17M
Antler
VC Fund
1 United States, Singapore, Australia Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $100k–$29M
Systems
VC Fund
1 Pakistan Series A, Seed E-Commerce, B2B, iOS $11M–$23M
Sary
VC Fund
1 Pakistan Series A Retail, E-Commerce, Retail Technology
Zayn Venture Capital (Formally Zayn Capital)
VC Fund
1 Pakistan, United States, United Kingdom Seed, Pre-Seed, Series A FinTech, Financial Services, E-Commerce $1.5M–$30M
Beko
VC Fund
1 Pakistan Corporate Round Manufacturing, Consumer Electronics
Technology Partners
VC Fund
1 United States, Pakistan Series B, Series C Health Care, Biotechnology, Software $5M–$54M
i2i Ventures
VC Fund
1 Pakistan, Israel, Singapore Seed, Pre-Seed, Series A Financial Services, Software, Logistics $320k–$13M
Storm Ventures
VC Fund
1 United States, South Korea, Germany Series A, Series B, Seed Software, Information Technology, Enterprise Software $1.5M–$50M
Orbit Ventures
VC Fund
1 China, United States, India Seed, Pre-Seed, Convertible Note E-Commerce, Software, Artificial Intelligence $30k–$20M
Retailistan Pvt. Ltd
VC Fund
1 Pakistan Seed Retail, E-Commerce, Retail Technology
Century Oak Capital
VC Fund
1 Nigeria, United States, Kenya Seed, Pre-Seed, Series A FinTech, Retail, Software $300k–$40M
Clear Ventures
VC Fund
1 United States, Canada, Germany Series A, Seed, Series B Software, Enterprise Software, Information Technology $1.6M–$45M
Sarmayacar
VC Fund
1 Pakistan, United States Seed, Pre-Seed, Series A E-Commerce, Information Technology, FinTech $200k–$23M
Bank Alfalah
VC Fund
1 Pakistan, United Arab Emirates Post-IPO Debt, Debt Financing, Series A Financial Services, Apps, Solar $1.6M–$80M
Gobi Partners
VC Fund
1 China, Hong Kong, Malaysia Venture - Series Unknown, Series A, Seed E-Commerce, Financial Services, Software $300k–$100M
Access all 37 VC funds in Pakistan Hardware startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Fox Ventures
VC Fund · Beltsville, Maryland, United States · 2 investments in Pakistan Hardware startups

Fox Ventures, LLC is an inspiring, family owned, special event décor company specializing in one-of-a-kind, innovative designs. All team members have been hand selected for their expertise and are fully certified in all aspects of event décor. Fox Ventures is focused on the principles of RESPECT, PRODUCT, SALESMANSHIP, CLIENT FOCUS, and SAFETY inorder to provide exclusive rentals for extraordinary events.Our sales team has two objectives- listen and create. Every event is unique and we ensure cohesive design elements making your custom event truly unlike any other.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Pakistan, Indonesia

Investor stats

  • Total investments: 11
  • Round size: Seed $650k–$15M; Series A $2.8M–$7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • VantedgeAI — Fine-tuned AI models for scaling credit investing workflows, reducing analysis time and costs by up to 10x, and setting a new standard in rapid, cost-effective deal analysis and monitoring with initial focus on MBS, ABS, CLOs, etc.
  • LoopGolf — Situs BROJP sebagai agen Game Online mengajak anda untuk mendaftar dan bermain di situs penyedia berbagai jenis game online yang dapat menghasilkan banyak uang dari cara mudah.
  • Ascent Integrated Tech — Ascent is building human performance technology to augment operators in hazardous environments with actionable insights that improve safety and productivity.
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Global Founders Capital
VC Fund · Berlin, Berlin, Germany · 2 investments in Pakistan Hardware startups

Over the past two decades, GFC have backed over five hundred entrepreneurs worldwide, e.g. Facebook, LinkedIn, Slack, and Away Travel.

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Investment focus

  • Industry: Financial Services, Software, FinTech
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, Germany, United Kingdom

Investor stats

  • Total investments: 1121
  • Round size: Seed $1.2M–$8.8M; Pre-Seed $575k–$5M; Series A $5M–$30M
  • Lead/follow: 25% lead, 75% follow
  • Last fund: May invest from a new fund soon — raised $2B in 2018

Portfolio highlights

  • Benford — Benford is a modern, licensed audit firm that provides technology-driven statutory audit services using its custom software, AuditOS.
  • Primo — A birdseye view of your IT.
  • sevDesk — Deutschlands beliebteste Buchhaltungssoftware: Rechnungen& Angebote erstellen, Buchhaltung erledigen, Kunden- &Lagerverwaltung u.v.m.
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MSA Capital
VC Fund · Beijing, Beijing, China · 2 investments in Pakistan Hardware startups

MSA Capital is a global venture capital and private equity firm that invests in technology-enabled companies from seed to growth stage. The firm manages capital from the world's top sovereign wealth funds, international asset managers, pension funds, university endowments, fund of funds, and family offices, as well as China's leading new economy entrepreneurs.

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Investment focus

  • Industry: E-Commerce, Financial Services, Biotechnology
  • Stage:Series A, Seed, Series B
  • Geography: China, United States, Egypt

Investor stats

  • Total investments: 158
  • Round size: Seed $1.5M–$11M; Series A $3.5M–$33M; Series B $7.9M–$130M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Sand.ai — Sand AI is an AI company that focuses on producing videos.
  • Memory tensor — Memory tensor designed with a focus on systematic innovation, grounded firmly in fundamental principles, serves as a powerful tool for scalable and adaptable intelligence. Its architecture emphasizes three core attributes: low cost, ensuring economic feasibility and accessibility; low illusion, reducing overfitting and minimizing hallucinations ormisleading outputs; and high generalization.
  • Westlake Lingxi — Westlake Lingxi develops brain-computer interface technologies, including neuro-prosthetic systems and neural decoding solutions, to support rehabilitation for people with language and movement disorders.
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First Check Ventures
VC Fund · 2 investments in Pakistan Hardware startups

First Check Ventures - Investing in Early Stage Startups Across the Globe

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Pre-Seed, Seed, Series A
  • Geography: United States, Mexico, Colombia

Investor stats

  • Total investments: 65
  • Round size: Seed $1.2M–$6M; Pre-Seed $350k–$1.8M; Series A $15M–$46M
  • Lead/follow: 15% lead, 85% follow
  • Last fund: Likely still investing — raised $3.9M in 2023

Portfolio highlights

  • Ruvo — Move, spend and manage your money between Brazil and the world. Fees from 0.3%, no IOF, in minutes and all in one app.
  • Fleek — Fleek is a subscription management app that helps you track, manage and split all your subscriptions, in one app. Discover new subscriptions and win cashbacks for renewing. Get The App for Free, Now!
  • Fusepay — Fusepay builds Fuse360 and FusePay for trade businesses. Manage wholesale operations, payments, collections, and customer networks in one connected system.
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U.S. Venture Partners
VC Fund · Menlo Park, California, United States · 2 investments in Pakistan Hardware startups

U.S. Venture Partners (USVP) is a venture capital partnership, helping entrepreneurs transform their ideas and efforts into world-changing companies. The firm focuses on early-stage ventures in information technology and health care, where innovation is unbridled and has led to the creation of economic wealth and millions of jobs over the pastthirty-plus years of the firm's existence. Areas of particular interest to our investment professionals include enterprise software, IT security, consumer internet, mobile, and e-commerce, healthcare, and IT-enabled healthcare services. The USVP team consists of former entrepreneurs, technologists, corporate executives, financial professionals, and industry domain experts.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Series B, Series C, Series A
  • Geography: United States, Israel, Canada

Investor stats

  • Total investments: 460
  • Round size: Series A $5M–$40M; Series B $6.8M–$50M; Series C $7.8M–$68M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: Likely still investing — raised $400M in 2022

Portfolio highlights

  • Dotomi — We create enriched customer experiences that drive performance at the individual and business level, enabling marketing built on proof, not promises.
  • Cagent Vascular — Cagent Vascular pioneers Serration Remodeling Therapy (SRT) creating controlled lines of weakness to release the internal elastic lamina, reducing recoil and increasing luminal gain in PAD angioplasty.
  • Maneva — Maneva Copilot AI is able to interpret, summarize, and combine the diverse landscape of data that exists throughout your production facility, and deliver the appropriate content to the question provided at all levels of roles, whether it is operational supervisors, quality managers, and management, process engineers, or maintenance leads
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Boost VC
VC Fund · San Mateo, California, United States · 1 investments in Pakistan Hardware startups, 16 in the past 12 months

Boost VC: The Pre-Seed Fund Making Sci-FI a Reality. Investing in crypto, virtual reality, augmented reality, AI, Ocean Tech, Space Tech, human augmentation, exoskeletons and more.

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Investment focus

  • Industry: Software, Virtual Reality, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 436
  • Round size: Seed $190k–$6.1M; Pre-Seed $100k–$2.6M; Venture - Series Unknown $620k–$8.9M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely actively investing — fresh fund, raised $88M in 2025

Portfolio highlights

  • SkinBit — SkinBit is a healthtech company that develops AI-powered skin cancer detection, digital mapping, and health monitoring solutions.
  • heXem bio — heXem bio specializes in recording solutions for the early development of humans for longevity.
  • Elita — Store your dog's stem cells with Elita. One-time opportunity to protect their future health and avoid costly surgeries later in life.
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SparkLabs Ventures
VC Fund · Palo Alto, California, United States · 1 investments in Pakistan Hardware startups

SparkLabs Ventures is an early-stage venture capital launched by SparkLabs Group. Focused on Series A startups in South Korea and SE Asia.

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Investment focus

  • Industry: E-Commerce, Advertising, Retail
  • Stage:Series A, Seed, Series B
  • Geography: South Korea, United States, Egypt

Investor stats

  • Total investments: 15
  • Round size: Seed $1.6M–$3M; Series A $1.7M–$7.9M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • WideBot AI — WideBot is the first bot builder platform in the MENA region. We allow anyone to build his own intelligent chatbot without any coding or technical experience in just 10 minutes.
  • FastView — FastView provides content commerce services and online marketing services.
  • REVU Corporation — REVU Corporation is an influencer marketing platform. It specializes in connecting advertisers, such as domestic and international companies seeking influencer marketing, with influencers to share content on social media. The company's platform matches influencers with advertisers and it conducts campaigns.
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Indus Valley Capital
VC Fund · Karachi, Sindh, Pakistan · 1 investments in Pakistan Hardware startups

Indus Valley Capital is an early stage venture capital fund investing in Pakistani startups. We help founders build Pakistan's future.

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Investment focus

  • Industry: Marketplace, E-Commerce, Retail
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Pakistan, United States

Investor stats

  • Total investments: 32
  • Round size: Seed $1M–$6.5M; Pre-Seed $750k–$2.1M; Series A $2.1M–$30M
  • Lead/follow: 69% lead, 31% follow
  • Last fund: Likely still investing — raised $75M in 2022

Portfolio highlights

  • Farmdar — Farmdar empower farmers with actionable data to lower costs, increase yield, enhance quality, and reduce waste.
  • Uplift AI — Use Pakistan's best AI calling platform to automate appointment booking, lead qualification, and routine customer service. 100+ realistic Urdu voices. APIs for Text to Speech (tts). Try for free.
  • Shadiyana — Shadiyana is a one-stop website for all wedding needs in Pakistan.
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Treet Group Of Companies
VC Fund · Lahore, Punjab, Pakistan · 1 investments in Pakistan Hardware startups

Treet Corporation Limited - Holding Company is one of the oldest and largest business groups of Pakistan.

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Investment focus

  • Industry: Laser, Computer, Software
  • Stage:Seed
  • Geography: Pakistan

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Car Chabi — Car Chabi allows its users to lock, unlock, start, turn off, and use all the accessories of a car using the Bluetooth of their smartphone.
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CIE IIIT Hyderabad
VC Fund · Hyderabad, Andhra Pradesh, India · 1 investments in Pakistan Hardware startups

CIE at IIIT is a tech incubator that creates and scales technologies like med tech, visual informatics, data engineering, and robotics. It aims to commercialize the cutting-edge technologies developed in its research centers. It uses technology commercialization as the backbone of its incubation services.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Non-Equity Assistance, Pre-Seed, Seed
  • Geography: India, United States, Canada

Investor stats

  • Total investments: 88
  • Round size: Seed $50k–$92k; Pre-Seed $27k–$31k
  • Lead/follow: 84% lead, 16% follow

Portfolio highlights

  • Anshap — An AI mental health buddy built by psychologists to truly listen, plus verified psychologists and small peer circles when you want people. Built in India.
  • Anantadi — Anantadi - Welcome to the future of advertising, an Un-interrupted, Un-skippable, Un-avoidable ads. In-Video Advertisement (Virtual Product Placement) backed by AI to analyze, find and insert branded products/signages virtually into video content. On-demand virtual product/signage placement across the entire entertainment content.
  • Tikkly Agro Solutions Pvt. Ltd. — We are a team of passionate engineers who are strongly interested to solve the grassroots problems in agriculture. We are using AI and robotics to develop innovative solutions for farmers as well as other stakeholders in agriculture.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Asymmetry Ventures
VC Fund · San Francisco, California, United States · 1 investments in Pakistan Hardware startups

Asymmetry Ventures invests in scalable early-stage companies with exceptional defensibility.

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Canada

Investor stats

  • Total investments: 298
  • Round size: Seed $500k–$5M; Pre-Seed $125k–$2.4M; Series A $2M–$21M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Enlightra — Extreme-bandwidth data transmission enabled by light
  • Persist AI — Persist AI develops PLGA microspheres for long-acting injectable formulations 50% faster using automation and AI.
  • Coreshell Technologies — Battery Capacity Unlocked
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Walled City Co.
VC Fund · Lahore, Punjab, Pakistan · 1 investments in Pakistan Hardware startups

Investment Syndicates & Advisory Services

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Investment focus

  • Industry: E-Commerce, Software, Logistics
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Pakistan, United States

Investor stats

  • Total investments: 25
  • Round size: Seed $1M–$2.2M; Pre-Seed $320k–$3.3M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • Oware — Check out AirLink, a cool and modern website template for SaaS businesses. It's easy to use and can make your website look awesome. Try it out now and make your SaaS business stand out online.
  • ezBike — ezBike is Pakistan's first bike sharing service with a clear mission: To revolutionize the mobility sector which is plagued with pollution, traffic congestion and rising fuel prices.
  • Tazah Technologies — Tazah Technologies is building products to digitize the agriculture value chain, empowering farmers, suppliers, and retailers to grow their businesses.
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CoCoon Ignite Ventures
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 1 investments in Pakistan Hardware startups

CoCoon Ignite Ventures is a theme-based early stage fund that invests in entrepreneurs who have a unique vision of the new economy and can create value from decentralized networks and new business models.

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Investment focus

  • Industry: Software, Artificial Intelligence, Apps
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: United States, Hong Kong, Singapore

Investor stats

  • Total investments: 19
  • Round size: Seed $500k–$5M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Lanturn — Register your business in Singapore globally. From incorporation services Singapore to business registration for foreigners & locals, we handle it all.
  • EVE — The AI teammate founders hire to raise. She analyzes your materials, finds the right investors, and books the meetings.
  • IrisGo.AI — IrisGo combines powerful AI with intuitive design to create a digital butler that anticipates your needs and handles tasks before you even ask.
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Taarah Ventures
VC Fund · 1 investments in Pakistan Hardware startups

Taarah Ventures operates as a venture capital firm.

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Investment focus

  • Industry: FinTech, Retail, Finance
  • Stage:Seed, Pre-Seed
  • Geography: Pakistan

Investor stats

  • Total investments: 3
  • Round size: Seed $1.5M–$2.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Neem — Neem is an embedded finance platform enabling Financial Wellness for underbanked communities across emerging markets, starting in Pakistan.
  • SnappRetail — SnappRetail aims to create the largest virtual retail franchise across Pakistan, through deployment of its point-of-sale tech and a digital operating platform, focusing on:1. Traditional trade Analytics for brands and retailers 2. Order Aggregation for manufacturers and distributors 3. Payment Solution for customers 4. Fintech enablement forsmall merchantsThe SnappRetail POS application has been carefully curated keeping the retailer in mind, the application focuses on digitizing his shop operations and cash flow and creating a real-time tertiary sales data lake.
  • Trellis Housing Finance Limited — Providing affordable home financing to low income earners in Pakistan
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TPL eVentures
VC Fund · 1 investments in Pakistan Hardware startups

An investment firm.

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Investment focus

  • Industry: E-Commerce, Apps, FinTech
  • Stage:Seed, Venture - Series Unknown
  • Geography: Pakistan

Investor stats

  • Total investments: 7
  • Round size: Seed $1.6M–$17M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Abhi — Abhi provides employees salary advances based on accrued wages.
  • Rider — Rider is an e-com logistics startup in Pakistan, giving online shippers a tech-driven, customer-centric, solution to last mile delivery
  • Find my Doctor — Find my doctor connects doctors and patients together for mutual benefit. The app provides you with information such as, the doctor’s qualification, specialization, experience, availability (timing) and fee. It gives you a chance to book yourself an appointment and free yourself from the hassle of waiting in long lines.
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Antler
VC Fund · Singapore, Central Region, Singapore · 1 investments in Pakistan Hardware startups

Build your next company with Antler, a global day zero investor enabling exceptional founders to start great companies, from the very beginning. Apply now!

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: United States, Singapore, Australia

Investor stats

  • Total investments: 2387
  • Round size: Seed $158k–$4.6M; Pre-Seed $100k–$600k; Series A $4.1M–$29M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely actively investing — fresh fund, raised $7.5M in 2026

Portfolio highlights

  • iiba — Iiba is a geospatial platform that specializes in providing location information related to child-rearing.
  • Obud — Obud is a wellness reservation systems that is designed for holistic health and lifestyle management purposes. The company's systems offer a comprehensive suite of tools for booking wellness activities, managing schedules, and accessing curated wellness programs, enabling wellness centers to streamline their operations, enhance userengagement, and promote a balanced and healthy lifestyle.
  • Plouton AI —
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Systems
VC Fund · Lahore, Punjab, Pakistan · 1 investments in Pakistan Hardware startups

Systems Limited is a global leader of next-generation IT services and BPO solutions. Ever since its inception in 1977, the company has evolved and taken center stage in information and technology by providing computing strategies and solutions to Government and Private Organizations

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Investment focus

  • Industry: E-Commerce, B2B, iOS
  • Stage:Series A, Seed
  • Geography: Pakistan

Investor stats

  • Total investments: 4
  • Round size: Series A $11M–$23M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • OneLoad — OneLoad is an online service that enables users to easily buy prepaid vouchers for all mobile companies, pay utility bills and transfer balance to others.
  • Jugnu — We drive social and economic empowerment for small businesses, with thousands of retailers at the core of the Jugnu community.
  • JOMO Technologies — Experience the joy of shopping with Pakistan's largest online fashion store, JOMO! Get a range of 100% authentic shoes, apparel, active wear, cosmetics, bags & accessories delivered to your doorstep for free. Try your order before you buy it and enjoy hassle-free returns & exchange.
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Sary
VC Fund · Ar Riyadh, Ar Riyad, Saudi Arabia · 1 investments in Pakistan Hardware startups

Sary is a B2B marketplace that connects small businesses with suppliers seamlessly. The company's mission is to empower organizations with smarter ways to operate and grow efficiently. Sary was founded in early 2018 by Careem ex-General Manager, Mohammed Aldossary, and his partner Khaled AlSiari, to fix the broken supply chain in thewholesale industry. Today, Sary operates in 12 major cities, where customers can order wholesale items ranging from a box to a truckload in a few clicks to be delivered as fast as 24 hours. Sary served 40,000+ customers, worked with 1700+ brands and wholesalers.

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Investment focus

  • Industry: Retail, E-Commerce, Retail Technology
  • Stage:Series A
  • Geography: Pakistan

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Jugnu — We drive social and economic empowerment for small businesses, with thousands of retailers at the core of the Jugnu community.
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Zayn Venture Capital (Formally Zayn Capital)
VC Fund · Islamabad, Islamabad, Pakistan · 1 investments in Pakistan Hardware startups

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Investment focus

  • Industry: FinTech, Financial Services, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Pakistan, United States, United Kingdom

Investor stats

  • Total investments: 38
  • Round size: Seed $1.5M–$13M; Pre-Seed $1.5M–$6.1M; Series A $4.5M–$30M
  • Lead/follow: 61% lead, 39% follow
  • Last fund: May invest from a new fund soon — raised $40M in 2021

Portfolio highlights

  • LAAM — LAAM is an online marketplace that offers clothes, footwear, and accessories.
  • Haball — Reimagining the way money flows through the supplychain Haball provides a fully automated alternative to manual order processing, invoicing, reconciliation and paper-based payment methods. An omni channel platform for digitizing payments across the entire supply chain. Fueling supplychain efficiency by providing: Supply Chain Entrenchment Supply Chain Entrenchment Platform for all value-chain partners from large corporates, distributors and retailers. Multiple Industry Verticals Multiple Industry Verticals A single platform customized for industry
  • PostEx — Instant & upfront payments for e-commerce stores offering Cash on Delivery. Get seamless COD, growth capital, and nationwide same-day delivery with PostEx!
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Beko
VC Fund · Istanbul, Istanbul, Turkey · 1 investments in Pakistan Hardware startups

Beko Elektronik A.Ş. manufacturers and markets home appliances and electronics.

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Investment focus

  • Industry: Manufacturing, Consumer Electronics
  • Stage:Corporate Round
  • Geography: Pakistan

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Dawlance — Dawlance, established in 1980, is a leading manufacturer of household appliances in Pakistan and operates in five categories: refrigerators, air-conditioners, micro-wave ovens, washing machines and freezers. It has been recognized as the 3rd most favorite brand of Pakistan, among all industries, according to an independent consumer survey.
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Technology Partners
VC Fund · Palo Alto, California, United States · 1 investments in Pakistan Hardware startups

Technology Partners is a venture capital firm specialized in seed-, early-, and later-stage venture and private equity investments.

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Investment focus

  • Industry: Health Care, Biotechnology, Software
  • Stage:Series B, Series C
  • Geography: United States, Pakistan

Investor stats

  • Total investments: 56
  • Round size: Series B $5M–$30M; Series C $11M–$54M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — raised $300M in 2007

Portfolio highlights

  • Beamreach — Beamreach Solar is developing high-efficiency, low-cost, crystalline silicon solar cells and modules for photovoltaic (PV) electricity generation.
  • Benvenue Medical — Expanding Possibilities, Elevating Outcomes
  • Elcelyx Therapeutics — Elcelyx was founded in 2010 with venture capital backing based on Gut Sensory Modulation (GSM) technology. Elcelyx’s proprietary, first-in-class Gut Sensory Modulators are delivered directly to the lower gut where they act on molecular targets to elicit physiological and pharmacological effects. The Elcelyx proprietary product candidate, NewMetfor Type 2 diabetes is entering Phase 2b development and is a blockbuster opportunity designed to address the unmet needs in the oral anti-diabetic market.Elcelyx is led by an experienced management team and Board of Directors with track records of success in drug development and commercialization. Premier investors along with seasoned scientists and clinicians support the team. In September 2013, Elcelyx announced the formation of NaZura BioHealth Inc, a separate company established to focus on the development on non-NewMet assets.Elcelyx is headquartered in San Diego, California.
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i2i Ventures
VC Fund · Islamabad, Islamabad, Pakistan · 1 investments in Pakistan Hardware startups

i2i Ventures is a investment fund of Invest2Innovate.

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Investment focus

  • Industry: Financial Services, Software, Logistics
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Pakistan, Israel, Singapore

Investor stats

  • Total investments: 23
  • Round size: Seed $1.2M–$13M; Pre-Seed $320k–$4.5M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $15M in 2019

Portfolio highlights

  • Swag Kicks — Guaranteed Original Sneakers, Trainers and Casual Shoes. Easy Return & Exchange.
  • Metric — Metric is a digital accounting app.
  • MyAlice — The modern customer service and social selling platform. Support anytime and sell anywhere with all your messages, orders, and agents in one place.
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Storm Ventures
VC Fund · Menlo Park, California, United States · 1 investments in Pakistan Hardware startups

Storm Ventures is a $600m (TAM) VC firm 100% focused solely on early-stage enterprise investments. We've been founders ourselves, of enterprise companies including Airespace (acquired by Cisco) and EchoSign (acquired by Adobe). We've had to go without pay as CEOs ourselves to make payroll. We've gone from $0 to $100m in ARR andlived all the stages in between. We've here to help, and add some strategic capital and insights. And not be in the way when we're not needed.

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Investment focus

  • Industry: Software, Information Technology, Enterprise Software
  • Stage:Series A, Series B, Seed
  • Geography: United States, South Korea, Germany

Investor stats

  • Total investments: 277
  • Round size: Seed $1.5M–$7M; Series A $4M–$18M; Series B $7.5M–$50M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — raised $220M in 2022

Portfolio highlights

  • Flint — Flint AI is an autonomous web platform built for fast-growing marketing and GTM teams. Launch on-brand landing pages in minutes.
  • Aron — Aron provides a procurement platform designed to analyze, benchmark, and automate negotiations for indirect spending.
  • Actualyze AI — The foundation for enterprise AI
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Orbit Ventures
VC Fund · Singapore, Central Region, Singapore · 1 investments in Pakistan Hardware startups, 32 in the past 12 months

Orbit helps scale breakthrough startups from around the globe across emerging and frontier markets.

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Investment focus

  • Industry: E-Commerce, Software, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: China, United States, India

Investor stats

  • Total investments: 577
  • Round size: Seed $100k–$2M; Pre-Seed $100k–$1M; Convertible Note $30k–$20M
  • Lead/follow: 73% lead, 27% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • i4TECH — Modular, scalable, fully managed manufacturing digital solutions that enable your AI adoption. Moving Industry 4.0 forwards with a unified, comprehensive data driven approach
  • Qanary — Qanary is a digital second-opinion platform designed to help radiologists detect cancer at its earliest, most treatable stages.
  • openmed — OpenMed provides digital healthcare services, telemedicine, pharmacy products, diagnostics, and medication delivery.
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Retailistan Pvt. Ltd
VC Fund · 1 investments in Pakistan Hardware startups

Retailistan is the company behind Salesflo.

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Investment focus

  • Industry: Retail, E-Commerce, Retail Technology
  • Stage:Seed
  • Geography: Pakistan

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Jugnu — We drive social and economic empowerment for small businesses, with thousands of retailers at the core of the Jugnu community.
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Century Oak Capital
VC Fund · Vaduz, Vaduz, Liechtenstein · 1 investments in Pakistan Hardware startups

Century Oak Capital GmbH is a venture capital firm specializing in early-stage investments in Europe and Emerging Markets.

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Investment focus

  • Industry: FinTech, Retail, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 27
  • Round size: Seed $300k–$3.2M; Pre-Seed $600k–$2.5M; Series A $5M–$40M
  • Lead/follow: 11% lead, 89% follow

Portfolio highlights

  • Luna POS — Luna POS provides cloud-based cashier, inventory management, and accounting solutions for SMEs in Indonesia. The company offers a seamless mobile cloud-based Point of Sale (POS) and accounting system, helping the retail industry with managing business activities such as checking the stock of goods, making a bundle menu, calculating sales, and tosee financial statements of the business.
  • SnappRetail — SnappRetail aims to create the largest virtual retail franchise across Pakistan, through deployment of its point-of-sale tech and a digital operating platform, focusing on:1. Traditional trade Analytics for brands and retailers 2. Order Aggregation for manufacturers and distributors 3. Payment Solution for customers 4. Fintech enablement forsmall merchantsThe SnappRetail POS application has been carefully curated keeping the retailer in mind, the application focuses on digitizing his shop operations and cash flow and creating a real-time tertiary sales data lake.
  • MarketForce — MarketForce is a US, Kenya and Nigeria-based technology company that is building the SuperApp for Africa's 100 million merchants. MarketForce provides an all-inclusive B2B Commerce and Fintech platform (dubbed “RejaReja” – Swahili for ‘retail’) that empowers merchants in Africa to source, order and pay for inventory digitally and conveniently,access financing, collect digital payments and make extra money by reselling digital financial services such as airtime, electricity tokens and bill payments. Launched in 2018, MarketForce is a fast-growing YC backed company running an asset-light business model and is currently operational in 5 markets in Sub-Saharan Africa, with over 200,000 merchants and 50 consumer brands trading on the platform.
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Clear Ventures
VC Fund · Palo Alto, California, United States · 1 investments in Pakistan Hardware startups

Clear Ventures is a Silicon Valley-based venture capital firm focusing on investing in startup companies.

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Investment focus

  • Industry: Software, Enterprise Software, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: United States, Canada, Germany

Investor stats

  • Total investments: 96
  • Round size: Seed $1.6M–$6.8M; Series A $7M–$25M; Series B $8M–$45M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $180M in 2019

Portfolio highlights

  • Opsera — Opsera automates any CI/CD toolchain, enables declarative pipelines, and provides unified insights across your entire software delivery process.
  • Cynch AI — Get deeper insight and more time to focus on what truly matters: building a better business.
  • Frore Systems — Frore Systems develops and supplies advanced thermal management technologies for electronic systems that require efficient heat dissipation without conventional cooling mechanisms. The company’s product portfolio includes AirJet, a solid‑state active cooling chip used in consumer devices, industrial embedded systems, edge AI platforms, and IoThardware to remove heat silently and support compact designs without fans or moving parts. It also produces LiquidJet, a direct‑to‑chip liquid cooling plate designed for high‑performance computing environments such as data centers to address heat removal challenges for modern GPUs and AI workloads.Frore’s technologies aim to replace or augment traditional heat sinks and fans by integrating semiconductor manufacturing techniques into thermal solutions that fit into thinner, lighter, and more rugged device architectures. Its cooling systems are configured to match specific power maps of processors and deliver thermal performance improvements that enable hardware to sustain higher throughput under workload stress.
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Sarmayacar
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Pakistan Hardware startups

Pakistan's largest Venture capital fund dedicated to the technology sector as it looks to build scalable, market-transforming and consumer technology

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Investment focus

  • Industry: E-Commerce, Information Technology, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Pakistan, United States

Investor stats

  • Total investments: 28
  • Round size: Seed $200k–$17M; Series A $5.7M–$23M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: May invest from a new fund soon — raised $30M in 2018

Portfolio highlights

  • Aabshar — Aabshar offers AI-driven water-saving technology on a subscription model that reduces utility costs, prevents water damage, lowers CO2 emissions, and provides real-time insights. Our solutions empower communities and industries in water-stressed regions.
  • Truckistan — Truckistan is developing a logistics platform to make shipping faster and cheaper. The company provides real-time tracking, a customer dashboard, account management, and guaranteed transit time, as well as SaaS tools for routing, vehicle loading, and RFID implementation throughout the supply chain.
  • Revolving Games — Building new gaming experiences for Web3 and beyond. We create worlds without borders or limitations.
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Bank Alfalah
VC Fund · Karachi, Sindh, Pakistan · 1 investments in Pakistan Hardware startups

Bank Alfalah provides financial solutions to consumers, corporations, institutions, and governments. They offer corporate and investment banking, consumer banking and credit, securities brokerage, commercial, agri-finance, and asset financing solutions.

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Investment focus

  • Industry: Financial Services, Apps, Solar
  • Stage:Post-IPO Debt, Debt Financing, Series A
  • Geography: Pakistan, United Arab Emirates

Investor stats

  • Total investments: 8
  • Round size: Post-IPO Debt $2.7M–$80M; Debt Financing $1.6M–$11M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • Matco Foods — Matco Foods is the largest basmati rice exporter.
  • Qist Bazaar — Buy now, pay later with Qist Bazaar Pakistan. Get smartphones, laptops, home appliances on easy monthly installments with flexible payment plans. Start shopping today!
  • Amreli Steel — Amreli Steels is one of the largest manufacturers of steel reinforcement bars in Pakistan. Situated in the industrial hub of Karachi.
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Gobi Partners
VC Fund · Kuala Lumpur, Kuala Lumpur, Malaysia · 1 investments in Pakistan Hardware startups

Gobi Partners is an Asia-focused VC backing early to growth stage startups. US$1.6B AUM, 400+ companies, 75 exits. Strategic guidance, founder network available.

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Investment focus

  • Industry: E-Commerce, Financial Services, Software
  • Stage:Venture - Series Unknown, Series A, Seed
  • Geography: China, Hong Kong, Malaysia

Investor stats

  • Total investments: 428
  • Round size: Seed $300k–$8M; Series A $1.7M–$19M; Venture - Series Unknown $1.1M–$100M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — raised $1.3B in 2023

Portfolio highlights

  • Yuan Planet — Youdi is a second-hand auto parts trading platform.
  • Camera360 — Camera360 is a mobile phone camera application. Through a variety of solutions, including Camera360 Ultimate, HelloCamera, Movie360, Pink360, Camera360 Cloud, Camera360 SDK and Web Camera360, Camera360 hopes to build an ecosystem for the modern creatives to capture, compose and share the beautiful moments of their lives.
  • nanoSkunkWorkx — nanoSkunkWorkX develops nanotechnology for AGI scaling and allergy biosensing.
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Hardware VC funding in Pakistan at a glance

Stats across 27 deals from 37 investors.

37
investors
in Pakistan Hardware startups
27
deals
in Pakistan Hardware startups
$1.8M
median round
in Pakistan Hardware startups
46%
lead investors
lead at least one round
22%
Pre-Seed
most common funding stage

Access all 37 VC funds in Pakistan Hardware startups.

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