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Palm Ventures is a venture capital firm founded in 2014 in Saudi Arabia, initially as a business unit under a consultancy. It became a standalone entity in 2021, focusing on technology startup investments. The firm has supported over 25 founders and startups and collaborates with various government institutions to drive innovation commercialization.
Palm Ventures invests in early-stage B2B solutions and fintech startups within the MENA region, targeting pre-seed to Seed+ stages. The firm typically engages with startups that leverage technology to solve pressing business challenges. Investment sizes are not specified, but the firm aims to establish itself as a top-tier venture capital player in the region.
Palm Ventures has invested in 17 startups, achieving a 41% internal rate of return (IRR) and doubling its investments within two years. Notably, the firm launched a mini-fund for four US-based AI startups in partnership with Cartography Capital.
Email info@palm-ventures.com with your deck to pitch Palm Ventures.
Yes, Palm Ventures often leads investment rounds in the startups they back, particularly in early-stage funding.
The firm is open to follow-on investments, especially for startups that demonstrate strong growth and potential within their portfolio.
The specific size of Palm Ventures' current fund is not disclosed, but they have made 17 investments and are actively engaging in the MENA market.
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