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Phoenix Venture Partners Limited (PVP) is a technology venture capital firm incorporated in the Abu Dhabi Global Market (ADGM) on November 2, 2023. The firm is regulated by the Financial Services Regulatory Authority (FSRA) and focuses on investing in disruptive technologies of the digital age. PVP aims to identify and support exceptional founders to build regional and global companies.
As of 2024, PVP operates the Phoenix Venture Partners Innovation Fund, targeting a total fund size of $50 million. The firm is dedicated to early-stage technology startups across the GCC, MENA, and G20 economies. PVP's investment strategy emphasizes sectors such as fintech, healthtech, agritech, edtech, energy, logistics, and consumer technology.
Notable milestones include the firm's recent investment in GAGA Inc., a Saudi edtech platform, where PVP led a $2.5 million Pre-Series A investment. PVP's commitment to supporting founders extends beyond capital, as they provide board-level engagement and strategic growth support.
PVP invests in early-stage companies across seven technology sectors: fintech & insuretech, healthtech, agritech & foodtech, edtech, enertech, logistics & mobility, and consumer tech. The firm targets businesses with the potential to disrupt both B2C and B2B markets across the GCC, MENA, and G20 economies. PVP typically invests between $100,000 and $7.5 million, with a capital allocation strategy that includes up to 5% in scouting, 35%-40% in first investments, and up to 60% in follow-on investments.
The firm seeks exceptional outlier founders who are building companies capable of becoming trusted brands that integrate into daily customer life. PVP's investment thesis emphasizes the importance of combining knowledge and capital to support these founders in their journey to disrupt traditional industries.
Notable portfolio companies include:
PVP collaborates with various partners, including the European Business Angels Network, Bahrain FinTech Bay, and Hub71, to enhance its investment strategy and support its portfolio companies.
Steve Khayat, CFMP, CFM - Founder and Managing Director. Steve has over 22 years of experience in the venture capital and investment banking sectors. He previously oversaw more than $1.6 billion in assets under management and has been involved in over $6 billion in investment banking deals.
Faris Al-Obaid, M.A. - Co-Founder and Non-Executive Director. Faris brings more than 18 years of experience in the MENA region, with prior leadership roles tied to Kuwait's New Kuwait 2035 vision, Mastercard Kuwait, and Tamara.
To pitch Phoenix Venture Partners, founders should submit their proposals through the official website at pvp-me.com or via email at getfunded@pvp-me.com. A comprehensive pitch deck is essential, detailing the business model, market opportunity, and team qualifications. PVP prefers warm introductions but will consider direct submissions.
Response times may vary, but founders can expect feedback within a few weeks of submission. It is advisable to clearly outline the unique value proposition and potential for disruption in the pitch.
PVP has launched the Phoenix Venture Partners Innovation Fund, with a vintage of 2024 and a total fund size of $50 million. This fund aims to back unique innovators and exceptional founders in the technology sector.
As of March 2026, Phoenix Venture Partners reached a third close for its debut fund, the Phoenix Venture Partners Innovation Fund, which has a target size of $50 million. The firm is actively deploying capital into high-potential innovation-driven companies.
In March 2026, PVP led a $2.5 million Pre-Series A investment in GAGA Inc., a Saudi edtech platform focused on delivering live interactive learning for children aged 4-18.
What are Phoenix Venture Partners' investment criteria?
PVP focuses on early-stage technology startups in sectors such as fintech, healthtech, agritech, edtech, energy, logistics, and consumer tech. They typically invest in Seed, Series A, and Series B rounds.
How can I pitch to Phoenix Venture Partners?
Founders can pitch their startups through the official website at pvp-me.com or by emailing getfunded@pvp-me.com. A detailed pitch deck should be included, outlining the business model, market opportunity, and team.
What makes Phoenix Venture Partners different from other VCs?
PVP emphasizes board-level engagement and strategic growth support, in addition to capital investment. They focus on backing exceptional founders who can disrupt traditional industries.
What is the geographic focus of Phoenix Venture Partners?
PVP primarily invests in startups located in the GCC, MENA, and G20 economies, with a strong emphasis on the MENA region.
What is the typical check size for investments?
PVP typically invests between $100,000 and $7.5 million in their portfolio companies, depending on the stage and potential of the business.
What kind of support do portfolio companies receive?
PVP provides follow-on support, talent management, growth strategy, and exit planning to its portfolio companies, ensuring they have the resources needed to succeed.
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