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1MoreThing Ventures is a venture platform founded to support AI-powered B2B startups. Established with a focus on co-founding and scaling startups from ideation to Series A, the firm operates across the Middle East, Africa, and Central Asia. The organization has offices in Sharjah, Almaty, Riyadh, Cairo, and Tunis, allowing it to maintain a strong regional presence.
The firm employs a hybrid model that combines a traditional venture capital fund with a deal-by-deal investment club, enabling flexible investment strategies. 1MoreThing Ventures has a notable emphasis on customer-driven development, particularly in the Saudi Arabian market, where it aims to validate demand and achieve early revenues. The firm has successfully co-founded and scaled multiple startups, demonstrating its commitment to fostering growth in the AI B2B sector.
1MoreThing Ventures invests primarily in AI-native B2B startups, with a strong preference for durable, recurring-revenue business models. The organization targets companies at the pre-seed, seed, and Series A stages, providing a structured approach to market entry, especially into Saudi Arabia. Their investment strategy includes both a traditional VC fund and a deal-by-deal investment club, allowing for diverse funding options.
The firm emphasizes customer-driven development, which is critical for validating demand and achieving early revenues. 1MoreThing Ventures seeks founders who possess domain expertise and a co-founder mindset, which aligns with their goal of accelerating growth and profitability. This structured approach to investment and market entry positions the firm as a valuable partner for startups looking to establish themselves in the MENA region.
1MoreThing Ventures has a diverse portfolio of six companies, all of which are focused on AI-driven solutions. Notable portfolio companies include:
These companies exemplify the firm's commitment to supporting AI-native B2B startups and highlight its focus on scalable, technology-driven solutions.
Yassir EL ISMAILI EL IDRISSI - Managing Partner; a serial entrepreneur with three successful exits, Yassir brings extensive experience in startup development and investment strategies.
Ebrahim BADRAN - Partner, Expansion; an Egyptian national raised in Saudi Arabia, Ebrahim has a deep understanding of the MENA market and a vast network that supports expansion efforts for portfolio companies.
Haitham MOHSEN - Partner, Operations; with over 15 years of experience in business acceleration and financial planning, Haitham plays a crucial role in operational support for startups within the portfolio.
To pitch to 1MoreThing Ventures, founders should visit their website at 1morething.vc and submit their pitch deck via email to yassir@1morething.io. The pitch deck should include an overview of the business model, market analysis, competitive landscape, and team background. Founders are encouraged to provide clear metrics and projections to support their case.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are preferred, as they can enhance the likelihood of receiving a timely response.
1MoreThing Ventures runs several structured programs designed to support startups at various stages of development. The primary programs include:
These programs provide startups with the necessary resources and support to navigate the complexities of market entry and growth.
As of October 2023, 1MoreThing Ventures has been actively promoting its mission to support AI-native B2B startups. The firm emphasizes customer-driven development and structured market entry strategies, particularly in the Saudi Arabian market. However, no specific recent updates or portfolio developments have been reported.
What are the investment criteria for 1MoreThing Ventures?
1MoreThing Ventures focuses on AI-native B2B startups with durable, recurring-revenue business models. They prioritize companies at the pre-seed, seed, and Series A stages, particularly those that demonstrate customer-driven development.
How can startups apply or pitch to 1MoreThing Ventures?
Startups can pitch to 1MoreThing Ventures by visiting their website at 1morething.vc or by emailing their pitch deck to yassir@1morething.io. It is advisable to include details about the business model, market opportunity, and team background in the pitch.
What makes 1MoreThing Ventures different from other investors?
The firm combines a traditional VC fund with a deal-by-deal investment club, allowing for flexible investment strategies. Additionally, their focus on co-founding and scaling startups, particularly in the Saudi Arabian market, sets them apart from other investors.
What is the geographic scope of 1MoreThing Ventures?
1MoreThing Ventures operates primarily in the Middle East, Africa, and Central Asia, with a strong emphasis on the Saudi Arabian market for startups looking to enter this region.
What kind of post-investment involvement can startups expect?
1MoreThing Ventures provides structured support through its various programs, including co-building startups and facilitating market entry strategies. They emphasize customer-driven development and assist in scaling early revenue companies.
What is the typical check size for investments?
While specific check sizes are not disclosed, 1MoreThing Ventures invests in startups at the pre-seed, seed, and Series A stages, indicating a range of investment amounts tailored to the needs of the startups.
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