# Naseel

> Naseel is a VC fund backing Payments, Software and Restaurants. See 3 investments, check sizes, portfolio. Updated Sep 2026.

- Type: VC Fund
- Total investments: 3
- Last investment: Jun 2019
- Lead investor: 0%
- Last updated: Sep 2026
- Website: http://www.naseel.com

Naseel is a VC fund focused on Payments and Software. A financial holding company.

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $4M–$4M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Payments | 1 | 33% |
| Software | 1 | 33% |
| Restaurants | 1 | 33% |
| Generative AI | 1 | 33% |
| Productivity Tools | 1 | 33% |

8 industries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Foodics | Foodics offers a cloud-based all-in-one restaurant management system on an iPad in English and Arabic. With multiple add-on iOS apps and building on more, thousands of restaurants, food trucks, cafes, and fast-food chains across the Middle East are hiking their revenues and building their relationships with diners. Offering high tech solutions andreal-time management, Foodics powers its clients and provides a unique style of dining fit for the future.Their mission is to provide a restaurant management system that is so easy to use and won’t even need their guide. They have five locations across the Middle East that serves 24/7 and over a thousand customers who have rung up over a billion orders through the Foodics system. | $4M | Series A | Jun 27, 2019 | https://www.foodics.com/ |
| Foodics | Foodics offers a cloud-based all-in-one restaurant management system on an iPad in English and Arabic. With multiple add-on iOS apps and building on more, thousands of restaurants, food trucks, cafes, and fast-food chains across the Middle East are hiking their revenues and building their relationships with diners. Offering high tech solutions andreal-time management, Foodics powers its clients and provides a unique style of dining fit for the future.Their mission is to provide a restaurant management system that is so easy to use and won’t even need their guide. They have five locations across the Middle East that serves 24/7 and over a thousand customers who have rung up over a billion orders through the Foodics system. | $4M | Series A | Sep 16, 2017 | https://www.foodics.com/ |
| ALWANS | A leading saudi company with diverse interests and capabilities. | $4M | Series A | Sep 16, 2017 | http://www.alwans.com |

3 of 3 investments shown.

## Co-investors
- [Raed Ventures](https://shizune.co/investors/profile/raed-ventures) — VC Fund, 3 deals together
- [Riyad TAQNIA Fund (RTF)](https://shizune.co/investors/profile/riyad-taqnia-fund-rtf) — VC Fund, 3 deals together
- [500 Global](https://shizune.co/investors/profile/500-startups) — VC Fund, 2 deals together
- [BADIR](https://shizune.co/investors/profile/badir) — VC Fund, 1 deal together
- [Faith Capital](https://shizune.co/investors/profile/faith-capital) — VC Fund, 1 deal together
- [Saudi Venture Capital](https://shizune.co/investors/profile/saudi-venture-capital) — VC Fund, 1 deal together

## Similar investors

### Similar industry
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund
- [SOSV](https://shizune.co/investors/profile/sosv) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [FJ Labs](https://shizune.co/investors/profile/fj-labs) — VC Fund

### Similar country
- [Oqal](https://shizune.co/investors/profile/oqal) — VC Fund
- [Wa’ed Ventures](https://shizune.co/investors/profile/waed-ventures) — VC Fund
- [Vision Ventures](https://shizune.co/investors/profile/vision-ventures-2) — VC Fund

## Featured in investor lists
- [Restaurants Investors in Saudi Arabia](https://shizune.co/investors/restaurants-investors-saudi-arabia)
- [Restaurants Investors in Middle East](https://shizune.co/investors/restaurants-investors-middle-east)
- [Restaurants VC Funds in Saudi Arabia](https://shizune.co/investors/restaurants-vc-funds-saudi-arabia)
- [Restaurants VC Funds in Middle East](https://shizune.co/investors/restaurants-vc-funds-middle-east)
- [Payments Investors in Saudi Arabia](https://shizune.co/investors/payments-investors-saudi-arabia)
- [Payments VC Funds in Saudi Arabia](https://shizune.co/investors/payments-vc-funds-saudi-arabia)

## FAQ

### What does Naseel invest in?

Naseel invests primarily in Payments, Software and Restaurants startups, most often at Series A stage. Most of the 3 investments tracked by Shizune back companies in Saudi Arabia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Naseel's check size?

Naseel typically joins rounds of $4M–$4M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Naseel participates in.

### When did Naseel last invest?

The most recent investment recorded for Naseel closed in Jun 2019. Shizune tracks 3 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Sep 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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