Palm Ventures
VC Fund
Riyadh, Saudi Arabia
Palm Ventures is a VC fund in Riyadh focused on Software and Information Technology. Palm Ventures was established as a business unit under a consultancy firm in 2014 with a vision to support the entrepreneurship ecosystem in KSA. The business unit has provided support to over 25 founders and startups and has assisted various government institutions in fulfilling their innovation-commercialization mandates. In 2021, Palm Venturesevolved into a standalone company, focusing on technology startup investments. This transformation brought together over 30 investors and advisors, creating the Palm Ventures family, which includes CEOs of top corporations, serial entrepreneurs, and investment experts. We are on a mission to establish a top-tier, enduring venture capital firm poised to seize opportunities in the MENA region and beyond! We invest in the industry leaders of the future, primarily focusing on early-stage B2B solutions and fintech startups in the MENA region. Our commitment extends beyond funding, offering unparalleled support and access to a pivotal network, shaping a brighter tomorrow.
- Total investments:
- 16
- Last investment:
- Lead investor:
- 6%
Last updated:
For AI agents: llms.txt
Industries Palm Ventures invests in
Stages Palm Ventures invests in
Countries Palm Ventures invests in
Round sizes
Round size
- Seed
- $780k–$4.8M
- Pre-Seed
- $1.7M–$10M
Investment Focus
Industry
- Software 7 (44%)
- Information Technology 4 (25%)
- FinTech 3 (19%)
- Marketplace 3 (19%)
- Financial Services 3 (19%)
Stage
- Seed 12 (75%)
- Pre-Seed 3 (19%)
- Series B 1 (6%)
Country
- Saudi Arabia 9 (56%)
- United Arab Emirates 3 (19%)
- Egypt 1 (6%)
- Bahrain 1 (6%)
- Australia 1 (6%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| RetailTech startup aiming to be the center of commerce. | $1.7M / Pre-Seed / Aug 25, 2026 | ||
| Rewaa was founded to make penetrating through the e-commerce industry easier for retailers with minimal operational and marketing costs by solving two main aspects:Marketing aspect: Make in-store products available online. By using Rewaa Cashier System, any product in the physical store will be automatically listed in the online marketplaces andthe merchant's online store. Operational aspects: The integration between physical, online store and marketplace, eliminate the need of independent inventory for online store operations, and that will help to reduce employment cost, therefore, the physical store will be the shipping center, so whenever an order received by online store will be transferred automatically for the nearest branch from the customer. And eventually, the inventory will be automatically updated across all channels. | $45M / Series B / Dec 30, 2025 | ||
| UPFRONT is a B2B financial platform that optimizes cash flow for small and medium-sized enterprises in MENA. The company offers solutions in financial analytics, payment orchestration, open banking, and working capital management to assist businesses optimize operations, get finance, and scale more quickly. | $10M / Pre-Seed / Oct 01, 2025 | ||
| Mala provides a buy now, pay later (BNPL) solution specifically designed for B2B transactions in the MENA region. The platform enables businesses to manage their cash flow more effectively while making purchases. | $7M / Pre-Seed / Oct 19, 2024 | ||
| 6Bees is a software company. | Seed / Jan 01, 2024 | ||
| FIFO’s inception comes from a very simple idea of using contemporary technology to bring simplicity, optimization & transparency to the procurement system for F&B businesses in KSA.By focusing on integration of new technologies, innovative processes, & best in class service level within FIFO, we feel that we can improve our platformin a way that benefits all parties involved in the F&B ecosystem. FIFO is a B2B marketplace web store & mobile application accessible across multiple platforms (Web, Android, and iOS) created to connect the buyers and suppliers within the F&B industryWith 3,000+ featured products categorized in an efficient and intuitive manner for our users’ browsing convenience, FIFO promises to be one of a kind procurement resource for F&B business in KSA connecting Buyers to their Suppliers for Easy, Affordable & Hassle-Free ordering of their food supplies. | Seed / Nov 22, 2023 | ||
| Erad offers expansion capital to online enterprises. | Seed / Jan 01, 2023 | ||
| For one thing, NFTs give you the ability to sell work there was no market or demand for previously. Also, NFTs make it possible for you to receive a percentage every time your work is sold or changes hands, so you are guaranteed a percentage of the profit if the work gains popularity and increases in price, not to mention, it’s just cool!NIFTYSouq is committed to ZERO minting costs for all artists launching NFTs on the platform, in addition to dedicated onboarding support to bring your NFT vision to life. With ZERO minting costs, artists can price their NFTs affordably, granting them access to more fans.Who we areAt NIFTY Souq, we’re excited to be bringing a brand-new type of digital goods to the MENA region through Non-Fungible Tokens (NFTs).NFTs are unique digital files, which are provably scarce and useable across multiple applications. Like physical goods, you can do whatever you want with them! You can collect them, gift them, sell them, and even destroy them! They are digital files that are armed with all the programmable securities to allow them to become digital assets.A core part of our vision is to bring NFT and its technology to the MENA region to where users truly own this powerful brand of new digital items. Open, liquid marketplaces will help power these new economies and support artists to monetize through NFTs and digital assets. Therefore, we are working with a community of passionate users, developers, and creators to build the MENA’s first marketplace for NFTs.We are proud to be the first and largest marketplace for user-owned digital goods, including songs, music, illustrations, gifs, poetry, and many more assets backed by a blockchain. | $1.5M / Seed / Sep 20, 2022 | ||
| Nearpay is a fintech startup based in Saudi Arabia, on a mission to make payments easy, secure, and accessible for every merchant. Our focus is simple: we build innovative payment infrastructure solutions that cater to banks, payment providers, and SaaS startups. With a blend of expertise and enthusiasm, we're shaping the future of paymentsone transaction at a time. | $3.7M / Seed / Feb 01, 2022 | ||
| iRama specializes in advanced biodynamic agriculture technologies and the creation of protected agricultural environments using AI. | Seed / Jan 01, 2022 | ||
| See all 16 investments → | |||
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FAQ
What does Palm Ventures invest in?
Palm Ventures invests primarily in Software, Information Technology and FinTech startups, most often at Seed and Pre-Seed stage. Most of the 16 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 Palm Ventures's check size?
Palm Ventures typically joins rounds of $780k–$4.8M at Seed and $1.7M–$10M at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Palm Ventures participates in.
When did Palm Ventures last invest?
The most recent investment recorded for Palm Ventures closed in Aug 2026. Shizune tracks 16 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 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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