Oqal
VC Fund
Riyadh, Saudi Arabia
Oqal is a VC fund in Riyadh focused on E-Commerce and Software. Oqal Group was formed as an endowment group by a group of young businessmen to be a platform that brings together angel investors and emerging entrepreneurs to form partnerships of economic feasibility that raise the welfare of society and enhance the quality of life. It enables the founders of entrepreneurial startups to develop innovative and fast-growing startups in a variety of sectors by providing access to smart capital and experienced angel investors.
- Total investments:
- 146
- Last investment:
- Lead investor:
- 6%
Last updated:
For AI agents: llms.txt
Industries Oqal invests in
Stages Oqal invests in
Countries Oqal invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $100k–$2.1M
- Pre-Seed
- $220k–$1.1M
- Series A
- $133k–$10M
Investment Focus
Industry
- E-Commerce 27 (18%)
- Software 22 (15%)
- Marketplace 15 (10%)
- Financial Services 15 (10%)
- Information Technology 15 (10%)
Stage
- Seed 105 (72%)
- Pre-Seed 28 (19%)
- Series A 4 (3%)
- Venture - Series Unknown 2 (1%)
- Non-equity Assistance 1 (1%)
Country
- Saudi Arabia 72 (49%)
- United Arab Emirates 23 (16%)
- Egypt 17 (12%)
- Bahrain 3 (2%)
- United States 2 (1%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Faris AlRashed Alhumaid
Founder
|
Founder | Total investments: 6 | Find email | |
|
Mohamed Al Afif
Member
|
Member | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| RetailTech startup aiming to be the center of commerce. | $1.7M / Pre-Seed / Aug 25, 2026 | ||
| E-commerce Marketplace | $3M / Seed / May 05, 2026 | ||
| Mantas protects businesses against cyber risk. We leverage predictive analytics to provide robust cyber insurance that helps businesses mitigate cloud downtime risks. Our parametric solutions ensure uninterrupted operations for all cloud-dependent businesses including e-commerce, SaaS and digital platforms. | $1.8M / Seed / Jan 27, 2026 | ||
| Nqoodlet is a fintech company that develops an expense management platform to help small and medium-sized enterprises manage their spending, expenses, and purchases through the credit cards given to the employees. Its expense management platform enables enterprises to streamline their financial operations. By allowing businesses to register bills,track purchases, and manage expenses in one centralized system, the platform offers real-time visibility into all transactions made via corporate cards issued to employees. This solution simplifies the expense reporting process, enhances transparency, and improves financial control across the organization. | $3M / Seed / May 04, 2025 | ||
| Metric is a digital accounting app. | Seed / Apr 17, 2025 | ||
| At TruBuild, we believe in the transformative impact of AI on the construction industry. Our solutions provide advanced predictive analytics for effective project management, automated quality control monitoring and intelligent resource allocation systems. This innovation leads to shorter project timelines, significant cost reductions and highersafety standards.Our mission is to revolutionise the construction industry by integrating state-of-the-art artificial intelligence and computer vision technology. Founded by a group of innovative engineers and experienced industry professionals, our company is committed to harnessing the power of AI to streamline construction processes, improve site safety and drive breakthrough advances in building design and execution.Our core passion lies in the development of pioneering AI algorithms and sophisticated computer vision systems specifically designed for the construction sector. These technologies are adept at analysing complex site data, facilitating real-time decision making, ensuring accurate project planning and enhancing operational efficiency.Our computer vision technology is a cornerstone of our innovation. It enables automated inspections, real-time progress tracking and efficient hazard detection, ensuring that every project meets our rigorous standards of excellence and safety.Sustainability is a core principle at TruBuild. Our technologies not only improve efficiency, but also support green building practices, paving the way for a more sustainable future.At TruBuild, we're not just creating technology, we're building the future. Join us in our mission to create a smarter, safer and more sustainable building environment. | $1M / Seed / Apr 14, 2025 | ||
| Spare helps individuals easily track their spending and connect all their accounts through an automated, easy to use app, so that they can stay on top of their finances. They can also use the app to make account to account payments quickly and safely. Spare is licensed by the Central Bank of Bahrain as an Account Information Service Provider &Payment Initiation Service Provider (AISP/PISP). Spare is also part of the Central Bank of Kuwait Fintech Regulatory Sandbox and KSA's SAMA Fintech regulatory sandbox. | $3M / Seed / Dec 20, 2023 | ||
| DESAISIV, a MENA based InsurTech startup specialising in health insurance which is transforming health insurance for insurers and clients through exploiting their advanced AI solutions which were developed in collaboration with top machine learning scientists from the University of Oxford. DESAISIV’s philosophy is simply to put AI at the centre ofall decision making. This AI-driven approach guarantees that clients of Groups and SMEs will get optimized insurance policies tailored to their needs, also it will make sure that insurance companies will optimise their processes using the latest AI technologies. Benefitting from access to a vast database of hundreds of millions of patient records, DESAISIV has achieved an impressive average prediction accuracy of over 95%. Demonstrating their commitment to excellence, they have set an ambitious target to exceed 99% accuracy by the end of this year. Through their AI-driven products, DESAISIV streamlines various aspects of health insurance, including automating underwriting procedures, tailoring policy's benefits and coverage, improving quality of service by predicting developing diseases, identifying high-risk behaviours, and reducing customer attrition. | Pre-Seed / Jul 26, 2023 | ||
| TWIG is a Bank Agnostic Automated Savings Platform in the MENA region. Our flagship app provides Automated Saving Plans to help users save better; a Smart Budgeting tool with tailored insights; and Smart, customizable and user-specific Goals. | $1M / Pre-Seed / May 01, 2023 | ||
| STRABL is a Payments & Checkout solution, providing a SaaS based solution that integrates with E-Commerce merchants and businesses that offer digital payments enabling them with purchasing options like "Try Before You Buy, Pay Later and Zero Pay Checkout". STRABL enhances the customer journey experience through it's world'sfastest checkout system and integrated logistics support. While providing one-stop multiple payment method integration to save costs & reduce complexities. | $415K / Seed / Mar 30, 2023 | ||
| See all 146 investments → | |||
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FAQ
What does Oqal invest in?
Oqal invests primarily in E-Commerce, Software and Marketplace startups, most often at Seed and Pre-Seed stage. Most of the 146 investments tracked by Shizune back companies in Saudi Arabia. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does Oqal invest in?
Oqal typically joins rounds of $100k–$2.1M at Seed, $220k–$1.1M at Pre-Seed and $133k–$10M at Series A. These are whole funding-round sizes, not Oqal's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds Oqal took part in.
How do I contact Oqal?
Public channels for Oqal 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 Oqal?
The team at Oqal includes Faris AlRashed Alhumaid (Founder) and Mohamed Al Afif (Member). 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 Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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