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Damask Ventures is a global venture capital fund based in Houston, Texas, focused on seed and early-stage technology startups. Founded with the mission to empower entrepreneurs in developing economies, the firm provides not only funding but also mentorship and access to a global network. This dual approach is designed to help founders scale their businesses and expand into international markets.
The firm operates as a Limited Partnership (LP) and has a dual registration in the United States and the United Kingdom. While specific fund size and assets under management (AUM) are not publicly disclosed, Damask Ventures emphasizes its commitment to supporting startups in underserved markets. The team comprises experienced professionals with backgrounds in finance, entrepreneurship, and corporate strategy, enhancing the firm's ability to provide valuable resources to its portfolio companies.
Damask Ventures has established its office at 11807 Westheimer Road, Suite 550 PMB 944, Houston, TX 77077. The firm also operates an online investor portal that offers real-time portfolio performance updates and regular reporting to its limited partners.
Damask Ventures specializes in investing in seed and early-stage technology startups, particularly in underserved markets. The firm seeks to provide capital, mentorship, and access to a global network to support founders in their growth and expansion efforts. This focus on developing economies allows Damask Ventures to identify unique opportunities that may be overlooked by other investors.
The investment strategy emphasizes technology sectors broadly, without specifying particular niches. The firm is particularly interested in startups that demonstrate potential for scalability and international market reach. While specific check sizes are not disclosed, the firm is known to focus on seed-stage investments, which typically involve early funding rounds aimed at helping startups establish their business models and initial market presence.
Feras Mousilli - Founder and Managing Partner. Feras has a strong background in intellectual property, entrepreneurship, and corporate strategy. He has experience working with Fortune 500 companies and emerging market startups, making him a valuable asset to the firm.
Megan Weiss - Chief of Staff. Megan oversees strategic operations and internal processes at Damask Ventures. She serves as the primary point of contact for portfolio companies, ensuring effective communication and support.
Goran Simonovski - Venture Advisor. Goran brings extensive experience as a financial leader, having transitioned from a Big Four auditor to a venture advisor. His expertise in accounting and financial leadership is crucial for guiding portfolio companies.
Boris Simonovski - Venture Advisor. Boris has over 20 years of international experience in finance and audit, spanning multiple continents including Europe, the Americas, Asia, Australia, and Africa. His diverse background enhances the firm's global perspective.
To pitch to Damask Ventures, founders should visit their website at damaskventures.com. It is advisable to include a comprehensive business plan, details about the founding team, and information on how the startup plans to scale. The firm does not specify a formal application portal, but a well-structured pitch deck is essential.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are preferred, as they can enhance the chances of securing a meeting with the investment team.
What are Damask Ventures' investment criteria?
Damask Ventures invests in seed and early-stage technology startups, particularly in developing economies. The firm looks for companies that demonstrate potential for scalability and international market reach.
How can startups apply or pitch to Damask Ventures?
Startups can pitch to Damask Ventures through their website at damaskventures.com. It is recommended to include a detailed business plan and information about the founding team in the pitch.
What makes Damask Ventures different from other VC firms?
Damask Ventures differentiates itself by focusing on underserved markets and providing not only capital but also mentorship and access to a global network, which is crucial for startups in developing economies.
What is the geographic scope of Damask Ventures?
The firm invests globally, with a specific focus on developing economies. This includes regions in Africa, Asia, and the Americas, as indicated by the backgrounds of its team members.
What kind of post-investment involvement does Damask Ventures have?
Damask Ventures is actively involved with its portfolio companies, providing mentorship and support to help them scale and reach international markets. The firm emphasizes building strong relationships with founders to facilitate their growth.
What is the typical check size for investments?
While specific check sizes are not disclosed, Damask Ventures focuses on seed-stage investments, which generally involve smaller amounts of capital aimed at helping startups establish their business models.
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