# Nazer Group

> Nazer Group is a VC fund in Jeddah backing Retail, Lifestyle and E-Commerce. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Jeddah, Saudi Arabia
- Total investments: 3
- Last investment: Jun 2021
- Lead investor: 33%
- Last updated: Aug 2026
- Website: https://www.nazer.com/

Nazer Group is a VC fund in Jeddah focused on Retail and Lifestyle. Nazer Group provides investment services in the health care sector.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Retail | 1 | 33% |
| Lifestyle | 1 | 33% |
| E-Commerce | 1 | 33% |
| Restaurants | 1 | 33% |
| Food Delivery | 1 | 33% |

7 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 1 | 33% |
| Series A | 1 | 33% |
| Venture - Series Unknown | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| The Luxury Closet | The Luxury Closet is a fast growing online market platform that buys, sells, and consigns luxury items, mostly pre-owned, at a discounted price maintaining brand and item integrity and the assurance of authenticity. The Luxury Closet is the first of its kind in the GCC region in terms of size, market reach and scalability. It has achievedmassive traction in a short period of time, and double digit monthly growth. | $14M | Venture - Series Unknown | Jun 20, 2021 |  |
| iKcon | iKcon is a cloud kitchen and food technology company based in the UAE that develops and operates delivery-focused kitchen infrastructure for restaurant and food brands. The company supports businesses with kitchen operations, logistics integration, digital ordering systems, and market expansion services. Its platform is designed to help food brandslaunch or scale delivery operations without investing in traditional dine-in restaurant spaces. iKcon primarily works across the Middle East and North Africa region, serving both local and international restaurant partners. | $20M | Series A | Mar 28, 2021 |  |
| iKcon | iKcon is a cloud kitchen and food technology company based in the UAE that develops and operates delivery-focused kitchen infrastructure for restaurant and food brands. The company supports businesses with kitchen operations, logistics integration, digital ordering systems, and market expansion services. Its platform is designed to help food brandslaunch or scale delivery operations without investing in traditional dine-in restaurant spaces. iKcon primarily works across the Middle East and North Africa region, serving both local and international restaurant partners. | $5M | Seed | Aug 10, 2020 |  |

3 of 3 investments shown.

## Co-investors
- [AlTouq Group](https://shizune.co/investors/profile/altouq-group) — VC Fund, 2 deals together
- [Al Hokair Group](https://shizune.co/investors/profile/al-hokair-group) — VC Fund, 1 deal together
- [Arzan Venture Capital](https://shizune.co/investors/profile/arzan-venture-capital) — VC Fund, 1 deal together
- [B&Y Venture Partners](https://shizune.co/investors/profile/b-y-venture-partners) — VC Fund, 1 deal together
- [BY Venture Partners](https://shizune.co/investors/profile/by-venture-partners) — VC Fund, 1 deal together
- [Derayah Venture Capital](https://shizune.co/investors/profile/derayah-venture-capital) — VC Fund, 1 deal together

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## FAQ

### What does Nazer Group invest in?

Nazer Group invests primarily in Retail, Lifestyle and E-Commerce startups, most often at Seed and Series A stage. Most of the 3 investments tracked by Shizune back companies in United Arab Emirates. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Nazer Group last invest?

The most recent investment recorded for Nazer Group closed in Jun 2021. 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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