# Phoenician VC

> Phoenician VC is a VC fund in Beirut backing FinTech and Financial Services. See 24 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Beirut, Lebanon
- Total investments: 24
- Last investment: May 2023
- Lead investor: 33%
- Fund size: $30M
- Last fund: Dec 2015
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/phoenician-funds/
- X (Twitter): https://twitter.com/PhoenicianFunds
- Website: http://www.phoenicianfunds.com
- Facebook: https://www.facebook.com/PFVC16

Phoenician VC is a VC fund in Beirut focused on FinTech and Financial Services. Phoenician VC focuses on early-stage technology companies across the MENA, Europe, and the US. We are a team of seasoned investors and entrepreneurs, who work closely together to collectively provide support, insight, and guidance for financial service companies and a variety of other sectors with ever-changing market needs.We look for founderswho share our values, aspirations and ongoing pursuit to continuously evolve and adapt. Our team actively supports founders to reach their potential through a collaborative process, shaping early-stage ventures and creating value across the investment cycle. Technology is at the foundation of our ethos, driving every aspect of our work. We believe in its transformative impact, specifically within the financial services industry, and its ability to allow companies to thrive while adapting to the clear shift in users’ behavior, preferences, and internet access. Identifying and utilizing the right Fintech is the key to unlocking the social, economical, and commercial opportunities. Fintech is the cornerstone of building any successful business, allowing for financial services to become adaptable to the needs of both venture owners and consumers, while also driving financial inclusion in many untapped markets.By combining our years of experience, our thirst for evolution, and our vision for tomorrow, we work to build long-lasting partnerships that will continuously grow and prosper.

## Contacts

5 contacts available for Phoenician VC. Shizune tracks 7 team members at Phoenician VC. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/phoenician-funds?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $700k–$3M |
| Pre-Seed | $50k–$1M |
| Series A | $1.5M–$8.4M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 6 | 25% |
| Financial Services | 6 | 25% |
| Software | 4 | 17% |
| Education | 3 | 13% |
| Mobile Apps | 3 | 13% |

37 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 8 | 33% |
| Series A | 8 | 33% |
| Pre-Seed | 2 | 8% |
| Series B | 1 | 4% |
| Funding Round | 1 | 4% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Lebanon | 12 | 50% |
| United Arab Emirates | 5 | 21% |
| Egypt | 1 | 4% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Ahmad Tuffaha | Portfolio Manager | 0 | https://shizune.co/investors/profile/ahmad-tuffaha |
| George Haimari | Co-Founder | 0 | https://shizune.co/investors/profile/george-haimari |
| Jad Salame | Managing Partner and Founder | 0 | https://shizune.co/investors/profile/jad-salame |
| Mary Farah Madbak | Head of Accounting and Administration | 0 | https://shizune.co/investors/profile/mary-farah-madbak |
| Mohamed Ibrahim | Co-Founder | 0 | https://shizune.co/investors/profile/mohamed-ibrahim |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| TWIG | 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 |  |
| Ostaz | Ostaz is an education technology (EdTech) company focused on delivering AI-powered personalized tutoring services across the Middle East, particularly in the UAE, Saudi Arabia, and Lebanon. The platform connects students with qualified tutors while using artificial intelligence to improve tutor-student matching and educational outcomes. | $1.8M | Seed | Sep 27, 2020 |  |
| Go Rise | Go Rise is a start-up building a financial services platform for migrants. | $2.1M | Venture - Series Unknown | Mar 23, 2020 |  |
| Seez | Seez is a data-first retail platform for automotive buying and selling services. The Seez mobile app for car shoppers offers a smart search engine for online car listings, as well as proprietary, AI-powered tools, and services that make the car shopping journey faster, easier, and more efficient. Seez is an AI-powered automotive technology platformhelping car dealerships digitize sales, improve customer experience, and manage online-to-offline car buying journeys. | $6M | Series A | Feb 17, 2020 |  |
| Sarwa | Sarwa Digital Wealth Limited is a privately owned investment advisory. Our aim is to offer customers the simplest and most cost-effective way to invest their earnings for long-term financial growth. | $8.4M | Series A | Jan 22, 2020 |  |
| Money Fellows | Money Fellows is a financial technology company that offers digitized money circles, also known as rotating savings and credit associations (ROSCAs). Through its mobile application, users can join money circles with flexible durations of 6, 10, or 12 months. Participants make regular contributions and receive payouts according to a predeterminedschedule. The platform supports various payment methods, including the Money Fellows Card, credit/debit cards, pre-paid cards, bank transfers, Fawry, and e-wallets. Users can participate in multiple circles simultaneously, with payouts up to 1,200,000 EGP. The service includes features such as cashback on payouts and discounts on pay-ins. Money Fellows operates under the supervision of the Central Bank of Egypt's Regulatory Sandbox and collaborates with Banque Misr to monitor transactions and user payouts. | $1M | Debt Financing | Aug 04, 2019 |  |
| Money Fellows | Money Fellows is a financial technology company that offers digitized money circles, also known as rotating savings and credit associations (ROSCAs). Through its mobile application, users can join money circles with flexible durations of 6, 10, or 12 months. Participants make regular contributions and receive payouts according to a predeterminedschedule. The platform supports various payment methods, including the Money Fellows Card, credit/debit cards, pre-paid cards, bank transfers, Fawry, and e-wallets. Users can participate in multiple circles simultaneously, with payouts up to 1,200,000 EGP. The service includes features such as cashback on payouts and discounts on pay-ins. Money Fellows operates under the supervision of the Central Bank of Egypt's Regulatory Sandbox and collaborates with Banque Misr to monitor transactions and user payouts. | $1M | Seed | Aug 04, 2019 |  |
| Sohati | Sohati provides information on health and medical care according to the best international medical standards. It aims to shed light on health and medical topics including diseases, medicines, beauty, fitness, motherhood, psychology, and sexual problems.The site also provides a forum for discussion, which means areas for listening and dialogue,where anyone can express their concerns, problems and benefit from the experiences of participants and exchange of experiences; While his identity is always kept secret. | $1.5M | Series A | Jul 01, 2019 |  |
| BSynchro | BSynchro is a Business and Information Technology service firm powered by a passionate team of experts. The company was founded in 2005 by a group of IT and business professionals with one main focus: Synchronizing Company’s People and Technology.Our main mission is to advise and to deliver to customers instrumented, innovative, and intelligentIT and operational solutions; aiming to enhance the customer experience, improve process efficiency and increase profitability.BSynchro is active in the design, development, and deployment of a range of software solutions aiming to synchronize and link knowledge to people, workflows to contents, transactional systems to smart interfaces and revolutionize the way people interact with their business.With more than 20 years of expertise in the financial services sector and Information Technology field, our team offers innovative IT services and solutions to a variety of customers in the Gulf, Levant, North Africa, Africa and North America regions. | $1M | Series B | Jun 23, 2019 |  |
| Polaire Group | Polaire Group started out in 2012 as a dream of the founder Ali Dabaja to create a product that would help the millions of travelers like him in having a safer, more informed and enriched travel experience. The business grew into a travel technology company focused on addressing the issues facing more than 20 million inbound travelers visiting KSAeach year. It has since evolved into a multi-sided travel platform serving travelers, brands, and group travel companies from all over the world. Polaire Group was awarded the Thomson Reuters “Innovation 4 Impact competition”, "Best New App" and "New & Noteworthy" categories by Apple for its flagship product. Also, the Dubai Lynx Award and Festival of Media MENA awards for best targetted campaign for Dettol Hajj Campaign in 2016. | $2.5M | Series A | Apr 13, 2019 |  |

10 of 24 investments shown.

## Co-investors
- [B&Y Venture Partners](https://shizune.co/investors/profile/b-y-venture-partners) — VC Fund, 6 deals together
- [BY Venture Partners](https://shizune.co/investors/profile/by-venture-partners) — VC Fund, 6 deals together
- [500 Global](https://shizune.co/investors/profile/500-startups) — VC Fund, 5 deals together
- [BeryTech Fund](https://shizune.co/investors/profile/berytech-fund) — VC Fund, 3 deals together
- [Cedar Mundi Ventures](https://shizune.co/investors/profile/cedar-mundi-ventures) — VC Fund, 3 deals together
- [Dubai Angel Investors](https://shizune.co/investors/profile/dubai-angel-investor) — VC Fund, 3 deals together

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## FAQ

### What does Phoenician VC invest in?

Phoenician VC invests primarily in FinTech, Financial Services and Software startups, most often at Seed and Series A stage. Most of the 24 investments tracked by Shizune back companies in Lebanon. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Phoenician VC's check size?

Phoenician VC typically joins rounds of $700k–$3M at Seed, $50k–$1M at Pre-Seed and $1.5M–$8.4M 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 Phoenician VC participates in.

### How do I contact Phoenician VC?

Public channels for Phoenician VC 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 Phoenician VC?

The team at Phoenician VC includes Ahmad Tuffaha (Portfolio Manager), George Haimari (Co-Founder) and Jad Salame (Managing Partner and Founder), among 7 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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