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Phoenician VC is a venture capital firm founded around 2015-2016, headquartered in Beirut, Lebanon. The firm operates under the parent company More Capital and focuses on supporting innovative ventures in the Middle East and North Africa (MENA) region. Phoenician VC aims to provide investment, advisory, and operational support to help startups adapt to changing market needs. The firm has established a reputation for building long-lasting partnerships that drive growth and success.
Currently, Phoenician VC manages a diverse portfolio of 24 companies, with a focus on sectors such as fintech, food tech, digital health, edtech, and AI. The firm has a strong commitment to the MENA region, with offices located in the UAE and Lebanon. Notable milestones include successful exits, such as the acquisition of Onfido, which underscores the firm's ability to source high-quality deals in a competitive landscape.
Phoenician VC invests primarily in early-stage companies, specifically targeting Seed and Series A rounds. The firm focuses on sectors including fintech, e-commerce, food tech, digital health, education technology, mobility, and AI. Their investment strategy is tailored to meet the unique needs of each venture, emphasizing the importance of maximizing returns and capitalizing on disruptive innovations.
Investment sizes typically range from $5 million to $160 million, depending on the stage and sector of the company. Phoenician VC also provides transaction advisory services, which include due diligence and post-investment support. The firm seeks to partner with founders who demonstrate a strong vision and the ability to adapt to market changes, ensuring a collaborative approach throughout the investment cycle.
Phoenician VC has built a diverse portfolio of 24 companies, showcasing its commitment to various sectors. Notable portfolio companies include:
Additionally, the firm has achieved notable exits, including the acquisition of Onfido, which raised over $200 million and highlights the firm's ability to identify and nurture high-potential ventures.
Milind Singh - Partner: Milind has extensive experience in venture capital and investment advisory, having worked with various startups across the MENA region. His expertise lies in fintech and technology investments.
Mark Chahwan - Partner: Mark brings a wealth of knowledge in operational support and strategic guidance for portfolio companies. He has a strong background in technology and innovation.
Omar Onsi - Partner: Omar specializes in identifying high-potential ventures and has a proven track record in the fintech sector. His insights into market trends are invaluable for the firm.
Michel Chammas - Partner: Michel has a diverse background in investment and advisory services, focusing on helping startups navigate complex market environments.
To pitch Phoenician VC, founders should utilize the contact information provided on their website, phoenician.vc, or email info@phoenicianinvest.com. It is essential to include a comprehensive pitch deck that outlines the business model, market analysis, and financial projections. The firm appreciates clarity and detail in presentations.
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 securing a meeting with the investment team.
In 2024, Phoenician VC achieved a notable exit with the acquisition of Onfido by Entrust for over $200 million. This exit highlights the firm's ability to identify and nurture high-quality ventures within the MENA region.
Additionally, Phoenician VC continues to expand its portfolio, actively seeking innovative companies in sectors such as fintech, food tech, and digital health. The firm remains committed to supporting the growth of startups in the MENA region, adapting to market needs and fostering long-lasting partnerships.
What are Phoenician VC's investment criteria?
Phoenician VC primarily invests in early-stage companies at the Seed and Series A stages. They focus on sectors such as fintech, e-commerce, food tech, digital health, and education technology. The firm looks for innovative ventures that demonstrate strong market potential and adaptability.
How can I apply or pitch to Phoenician VC?
Founders can pitch their ideas by visiting the Phoenician VC website at phoenician.vc or by emailing info@phoenicianinvest.com. It is recommended to include a detailed business plan and financial projections in the pitch deck.
What makes Phoenician VC different from other investors?
Phoenician VC differentiates itself through its comprehensive support model, which includes investment, advisory, and operational assistance tailored to the unique needs of each portfolio company. Their focus on the MENA region allows them to leverage local market insights effectively.
What is the geographic scope of Phoenician VC's investments?
The firm primarily focuses on the MENA region but also considers opportunities in Europe and the United States. They have a particular interest in companies that can adapt to the complexities of these diverse markets.
What is Phoenician VC's post-investment involvement like?
Phoenician VC actively engages with its portfolio companies post-investment, providing operational support, strategic guidance, and access to their network. This collaborative approach helps companies navigate challenges and maximize growth potential.
What is the typical check size for investments?
Investment sizes typically range from $5 million to $160 million, depending on the stage and sector of the company. Phoenician VC tailors its investment strategy to align with the specific needs of each venture.
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