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Shenasa VC, formally known as Pishgaman Amin Sarmayeh Pasargad, is the first venture capital firm established in Iran, founded in 2012. It operates as the venture capital arm of Pasargad Financial Group, one of the largest private financial institutions in the country. The firm is headquartered in Tehran and employs between 20 to 49 professionals, contributing to its capacity to support early-to-mid-stage startups.
Over the past decade, Shenasa VC has played a crucial role in fostering innovation within the Iranian startup ecosystem, focusing on technology-driven sectors. The firm has made over 170 investments, demonstrating its commitment to supporting emerging businesses. Its accelerator program, Trig Up, provides essential resources and mentorship to help startups scale effectively.
Shenasa VC primarily invests in early-to-mid-stage companies, leading Seed and Series A funding rounds. The firm typically writes checks ranging from $14,000 to $46,000, reflecting its strategy to support startups that are beginning to establish product-market fit. The sectors of interest include fintech, healthcare, mobility, energy, food-agtech, artificial intelligence, and ICT.
The firm emphasizes technology-driven businesses, indicating a preference for startups that leverage innovative solutions to address market needs. Shenasa VC also engages in co-investments, collaborating with other investors to maximize the potential of its portfolio companies. This approach allows the firm to diversify its investments while providing startups with the necessary capital to grow.
Shenasa VC has built a diverse portfolio of 170 companies, showcasing its commitment to various sectors. Notable portfolio companies include:
This portfolio reflects Shenasa VC's focus on technology-driven businesses that are positioned for growth in the Iranian market.
Seyed Hamidreza Alavi: A key figure associated with Shenasa VC, Seyed has a background in venture capital and has been involved in various investment activities within the firm. His expertise lies in identifying promising startups and supporting their growth.
Founders should prepare a comprehensive pitch deck that includes details about their business model, market opportunity, and growth strategy. While specific application forms or portals are not mentioned, a well-structured pitch is crucial for consideration. Response times may vary, so founders should be prepared for potential follow-up discussions.
Shenasa VC operates an accelerator program called Trig Up, which is designed to support early-stage startups. This program provides resources, mentorship, and networking opportunities to help startups scale effectively in the competitive market.
Eligibility for the Trig Up program typically includes being an early-stage startup within the technology sector. Interested founders can apply through the firm's official channels, although specific application details are not provided.
As of April 2026, Shenasa VC continues to be active in the Iranian startup ecosystem, focusing on technology-driven investments. The firm has made over 170 investments since its inception in 2012, reflecting its ongoing commitment to supporting early-stage companies.
Recent reports highlight Shenasa VC's involvement in various sectors, including fintech and healthcare, showcasing its adaptability to market demands. The firm remains a pivotal player in fostering innovation within Iran's entrepreneurial landscape.
What are Shenasa VC's investment criteria?
Shenasa VC primarily invests in early-to-mid-stage technology-driven startups, focusing on sectors such as fintech, healthcare, mobility, energy, food-agtech, and artificial intelligence. The firm leads Seed and Series A rounds and looks for companies that are beginning to demonstrate product-market fit.
How can founders pitch to Shenasa VC?
Founders interested in securing investment from Shenasa VC should prepare a detailed pitch deck that outlines their business model, market opportunity, and growth strategy. It is advisable to highlight any traction or product-market fit achieved to date.
What makes Shenasa VC different from other investors?
Shenasa VC is distinguished by its status as the first venture capital firm in Iran and its affiliation with Pasargad Financial Group, which enhances its financial capacity for investments. The firm also operates an accelerator program, Trig Up, providing additional resources and support to its portfolio companies.
What is the geographic focus of Shenasa VC?
The firm primarily invests in startups based in Iran, reflecting its commitment to supporting the local entrepreneurial ecosystem. This focus allows Shenasa VC to leverage its understanding of the market dynamics and regulatory environment.
What is the typical check size for investments?
Shenasa VC typically invests between $14,000 and $46,000 in its portfolio companies, aligning its investment strategy with the needs of early-stage startups.
What kind of post-investment support does Shenasa VC provide?
Shenasa VC adds value to its portfolio companies through its accelerator program, Trig Up, which offers mentorship, resources, and access to additional funding opportunities. The firm actively engages with its startups to facilitate their growth and success in the market.
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