# NTEC

> NTEC is a VC fund in Kuwait backing Mobile, iOS and Apps. See 12 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Kuwait, Kuwait
- Total investments: 12
- Last investment: Jun 2026
- Lead investor: 17%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/1092493
- X (Twitter): https://www.twitter.com/ntec_kuwait
- Website: http://www.ntec.com.kw/Client/Index.aspx
- Facebook: https://www.facebook.com/223712601156120

NTEC is a leader in promoting sustainable transfer of technology to the region, through a corporate venture capital model. They invest in the following : * Biotechnology and Life Sciences * IT and Telecommunication * Energy and Alternate Energy * Water and Environment * Venture Capital Funds

## Contacts

5 contacts available for NTEC. Shizune tracks 6 team members at NTEC. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/ntec?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Series A | $3.2M–$43M |
| Series B | $3.2M–$183M |
| Series C | $22M–$275M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Mobile | 2 | 17% |
| iOS | 1 | 8% |
| Apps | 1 | 8% |
| Audio | 1 | 8% |
| Solar | 1 | 8% |

26 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 3 | 25% |
| Series B | 3 | 25% |
| Series C | 2 | 17% |
| Seed | 1 | 8% |
| Pre-Seed | 1 | 8% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| France | 1 | 8% |
| Germany | 1 | 8% |
| United States | 1 | 8% |
| United Kingdom | 1 | 8% |
| United Arab Emirates | 1 | 8% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Aliah Al Tameemi | Vice Chairman, Board of Directors | 0 | https://shizune.co/investors/profile/aliah-al-tameemi |
| Anas Meerza | General Manager | 0 | https://shizune.co/investors/profile/anas-meerza |
| Farouk Bastaki | Chairman, Board of Directors | 0 | https://shizune.co/investors/profile/farouk-bastaki |
| Izzat Abou-Amarah | Vice President | 0 | https://shizune.co/investors/profile/izzat-abou-amarah |
| Qais Marafie | Assistant Vice President | 0 | https://shizune.co/investors/profile/qais-marafie |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Cadena | Cadena is a global leader in the field of international business development, providing robust tools and services to streamline the process of overseas revenue growth. Its Discovery Portal houses an extensive database of over 2 million prospects, offering businesses a platform to expand their reach across borders. The company's proprietaryAI-driven prospecting tools, BuyBeacon™ and IntelliConnect™, leverage advanced algorithms and machine learning to identify and prioritize promising leads. These tools offer data-driven insights, helping businesses boost conversion rates and optimize sales strategies.With a strong local presence in key markets such as the GCC, North America, and APAC, Cadena boasts an accredited Enterprise Sales Team. These professionals bring their understanding of local business cultures, regulatory environments, and market trends to assist clients in navigating these regions.Cadena has also developed CadenaPay, an innovative tool that uses predictive analytics to assess the risk of delayed overseas B2B payments. For high-risk invoices, Cadena offers an invoice factoring service, providing immediate cash to businesses and enhancing their financial stability.By combining advanced technology and local expertise, Cadena empowers businesses to navigate the complexities of international commerce, delivering concrete solutions for global business growth. | $275M | Series C | Jun 08, 2026 |  |
| Cadena | Cadena is a global leader in the field of international business development, providing robust tools and services to streamline the process of overseas revenue growth. Its Discovery Portal houses an extensive database of over 2 million prospects, offering businesses a platform to expand their reach across borders. The company's proprietaryAI-driven prospecting tools, BuyBeacon™ and IntelliConnect™, leverage advanced algorithms and machine learning to identify and prioritize promising leads. These tools offer data-driven insights, helping businesses boost conversion rates and optimize sales strategies.With a strong local presence in key markets such as the GCC, North America, and APAC, Cadena boasts an accredited Enterprise Sales Team. These professionals bring their understanding of local business cultures, regulatory environments, and market trends to assist clients in navigating these regions.Cadena has also developed CadenaPay, an innovative tool that uses predictive analytics to assess the risk of delayed overseas B2B payments. For high-risk invoices, Cadena offers an invoice factoring service, providing immediate cash to businesses and enhancing their financial stability.By combining advanced technology and local expertise, Cadena empowers businesses to navigate the complexities of international commerce, delivering concrete solutions for global business growth. | $183M | Series B | Dec 23, 2024 |  |
| Cadena | Cadena is a global leader in the field of international business development, providing robust tools and services to streamline the process of overseas revenue growth. Its Discovery Portal houses an extensive database of over 2 million prospects, offering businesses a platform to expand their reach across borders. The company's proprietaryAI-driven prospecting tools, BuyBeacon™ and IntelliConnect™, leverage advanced algorithms and machine learning to identify and prioritize promising leads. These tools offer data-driven insights, helping businesses boost conversion rates and optimize sales strategies.With a strong local presence in key markets such as the GCC, North America, and APAC, Cadena boasts an accredited Enterprise Sales Team. These professionals bring their understanding of local business cultures, regulatory environments, and market trends to assist clients in navigating these regions.Cadena has also developed CadenaPay, an innovative tool that uses predictive analytics to assess the risk of delayed overseas B2B payments. For high-risk invoices, Cadena offers an invoice factoring service, providing immediate cash to businesses and enhancing their financial stability.By combining advanced technology and local expertise, Cadena empowers businesses to navigate the complexities of international commerce, delivering concrete solutions for global business growth. | $43M | Series A | Nov 14, 2023 |  |
| Cadena | Cadena is a global leader in the field of international business development, providing robust tools and services to streamline the process of overseas revenue growth. Its Discovery Portal houses an extensive database of over 2 million prospects, offering businesses a platform to expand their reach across borders. The company's proprietaryAI-driven prospecting tools, BuyBeacon™ and IntelliConnect™, leverage advanced algorithms and machine learning to identify and prioritize promising leads. These tools offer data-driven insights, helping businesses boost conversion rates and optimize sales strategies.With a strong local presence in key markets such as the GCC, North America, and APAC, Cadena boasts an accredited Enterprise Sales Team. These professionals bring their understanding of local business cultures, regulatory environments, and market trends to assist clients in navigating these regions.Cadena has also developed CadenaPay, an innovative tool that uses predictive analytics to assess the risk of delayed overseas B2B payments. For high-risk invoices, Cadena offers an invoice factoring service, providing immediate cash to businesses and enhancing their financial stability.By combining advanced technology and local expertise, Cadena empowers businesses to navigate the complexities of international commerce, delivering concrete solutions for global business growth. | $32M | Seed | Mar 01, 2022 |  |
| Cadena | Cadena is a global leader in the field of international business development, providing robust tools and services to streamline the process of overseas revenue growth. Its Discovery Portal houses an extensive database of over 2 million prospects, offering businesses a platform to expand their reach across borders. The company's proprietaryAI-driven prospecting tools, BuyBeacon™ and IntelliConnect™, leverage advanced algorithms and machine learning to identify and prioritize promising leads. These tools offer data-driven insights, helping businesses boost conversion rates and optimize sales strategies.With a strong local presence in key markets such as the GCC, North America, and APAC, Cadena boasts an accredited Enterprise Sales Team. These professionals bring their understanding of local business cultures, regulatory environments, and market trends to assist clients in navigating these regions.Cadena has also developed CadenaPay, an innovative tool that uses predictive analytics to assess the risk of delayed overseas B2B payments. For high-risk invoices, Cadena offers an invoice factoring service, providing immediate cash to businesses and enhancing their financial stability.By combining advanced technology and local expertise, Cadena empowers businesses to navigate the complexities of international commerce, delivering concrete solutions for global business growth. | $250K | Pre-Seed | Mar 01, 2021 |  |
| The World's Online Festival | Palringo is a community messaging and gaming app for iOS and Android. The platform allows users to send instant messages, play games and to form large groups based on common interests. Launched in 2006, Palringo has more than 40 million installed users worldwide and offers a range of games along with more than 350,000 user created groups, some ofwhich have up to 2,000 members. Headquartered in London, Palringo also has offices in Newcastle, Ipswich, Gothenburg and Helsinki.Users can create and build community groups dedicated to the things they are passionate about, from gaming and entertainment to sports, travel and technology. They can further enhance their experience by using Palringo Credits to purchase virtual products such as rich media sticker packs, Bots and premium groups and accounts. Following the acquisition of Swedish game studio, Free Lunch Design, in 2014 and Tribe Studios in 2015, Palringo champions 'Community Gaming' - the integration of gaming capabilities with its instant messaging platform to create community orientated games. Palringo develops both in-app and external games. | $3.2M | Series B | Aug 01, 2010 |  |
| The World's Online Festival | Palringo is a community messaging and gaming app for iOS and Android. The platform allows users to send instant messages, play games and to form large groups based on common interests. Launched in 2006, Palringo has more than 40 million installed users worldwide and offers a range of games along with more than 350,000 user created groups, some ofwhich have up to 2,000 members. Headquartered in London, Palringo also has offices in Newcastle, Ipswich, Gothenburg and Helsinki.Users can create and build community groups dedicated to the things they are passionate about, from gaming and entertainment to sports, travel and technology. They can further enhance their experience by using Palringo Credits to purchase virtual products such as rich media sticker packs, Bots and premium groups and accounts. Following the acquisition of Swedish game studio, Free Lunch Design, in 2014 and Tribe Studios in 2015, Palringo champions 'Community Gaming' - the integration of gaming capabilities with its instant messaging platform to create community orientated games. Palringo develops both in-app and external games. | $3.1M |  | Aug 23, 2009 |  |
| Streamezzo | Streamezzo S.A. develops media mobile products and solutions. Its solutions enable telecom operators, broadcasters, media companies, content providers, and service providers to design, develop, debug, and deploy services on cellular networks. The company’s products include Rich Media Software Suite, which comprise Rich Media Client that enablesmobile users to access media services, such as interactive Mobile TV, widgets, portals, and multimedia services; Rich Media Server, an application server that enables to deploy media services; Workbench, an integrated multimedia authoring suite; Service Manager, a back-end solution that enables mobile administrators and marketers to manage and customize media mobile service; and Broadcast, which enables users to deliver mobile TV over broadcast networks. Its solutions comprise Interactive Mobile TV for interactive services; Music Jukebox for over-the-air music downloading; on-device portal for text, image, audio, and video combined information on a mobile portal; Event Microsite for mobile marketing; Dynamic User Interface, which enables to give customers direct access to specific services and applications; and online interactive communication solutions. The company also offers professional services. Streamezzo was founded in 2004 and is based in Paris, France. | $5.5M | Series D | May 13, 2009 |  |
| Streamezzo | Streamezzo S.A. develops media mobile products and solutions. Its solutions enable telecom operators, broadcasters, media companies, content providers, and service providers to design, develop, debug, and deploy services on cellular networks. The company’s products include Rich Media Software Suite, which comprise Rich Media Client that enablesmobile users to access media services, such as interactive Mobile TV, widgets, portals, and multimedia services; Rich Media Server, an application server that enables to deploy media services; Workbench, an integrated multimedia authoring suite; Service Manager, a back-end solution that enables mobile administrators and marketers to manage and customize media mobile service; and Broadcast, which enables users to deliver mobile TV over broadcast networks. Its solutions comprise Interactive Mobile TV for interactive services; Music Jukebox for over-the-air music downloading; on-device portal for text, image, audio, and video combined information on a mobile portal; Event Microsite for mobile marketing; Dynamic User Interface, which enables to give customers direct access to specific services and applications; and online interactive communication solutions. The company also offers professional services. Streamezzo was founded in 2004 and is based in Paris, France. | $22M | Series C | Dec 17, 2007 |  |
| The World's Online Festival | Palringo is a community messaging and gaming app for iOS and Android. The platform allows users to send instant messages, play games and to form large groups based on common interests. Launched in 2006, Palringo has more than 40 million installed users worldwide and offers a range of games along with more than 350,000 user created groups, some ofwhich have up to 2,000 members. Headquartered in London, Palringo also has offices in Newcastle, Ipswich, Gothenburg and Helsinki.Users can create and build community groups dedicated to the things they are passionate about, from gaming and entertainment to sports, travel and technology. They can further enhance their experience by using Palringo Credits to purchase virtual products such as rich media sticker packs, Bots and premium groups and accounts. Following the acquisition of Swedish game studio, Free Lunch Design, in 2014 and Tribe Studios in 2015, Palringo champions 'Community Gaming' - the integration of gaming capabilities with its instant messaging platform to create community orientated games. Palringo develops both in-app and external games. | $3.2M | Series A | Dec 01, 2007 |  |

10 of 12 investments shown.

## Co-investors
- [China Equity](https://shizune.co/investors/profile/china-equity) — VC Fund, 5 deals together
- [ADCN](https://shizune.co/investors/profile/adcn-739b) — VC Fund, 4 deals together
- [ePlanet Capital](https://shizune.co/investors/profile/dfj-eplanet-ventures) — VC Fund, 3 deals together
- [Northstar Ventures](https://shizune.co/investors/profile/northstar-ventures) — VC Fund, 3 deals together
- [Prime Ventures](https://shizune.co/investors/profile/prime-technology-ventures) — VC Fund, 3 deals together
- [Gaorong Capital](https://shizune.co/investors/profile/banyan-capital) — VC Fund, 2 deals together

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## FAQ

### What does NTEC invest in?

NTEC invests primarily in Mobile, iOS and Apps startups, most often at Series A and Series B stage. Most of the 12 investments tracked by Shizune back companies in France. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is NTEC's check size?

NTEC typically joins rounds of $3.2M–$43M at Series A, $3.2M–$183M at Series B and $22M–$275M at Series C. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds NTEC participates in.

### How do I contact NTEC?

Public channels for NTEC include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at NTEC?

The team at NTEC includes Aliah Al Tameemi (Vice Chairman, Board of Directors), Anas Meerza (General Manager) and Farouk Bastaki (Chairman, Board of Directors), among 6 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### 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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