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Shorooq Partners is a multi-dimensional investment firm founded in 2017 and based in Abu Dhabi, United Arab Emirates. The firm focuses on unlocking the potential of new ideas and businesses in the MENA region by connecting visionary founders with innovative investment approaches. Since its inception, Shorooq has grown its assets under management from $2 million to approximately $500 million, establishing itself as a leading alternative investment manager across MENA.
Shorooq operates from Abu Dhabi and has expanded its portfolio to include over 80 companies across 11 countries. The firm has developed a reputation for its sector-agnostic investment strategy, allowing it to adapt to the evolving needs of the market. Notable milestones include the launch of multiple funds, including the Bedaya Fund and the Nahda Fund II, which are backed by significant regional investment.
Shorooq Partners invests in a diverse range of sectors, including fintech, SaaS, healthcare, logistics, agtech, consumer, AI, proptech, media, and edtech. The firm targets companies at various stages, specifically seed, Series A, and growth equity. Check sizes typically range from $1 million to $3 million, allowing Shorooq to support both early-stage startups and more established scale-ups.
The firm employs a multi-dimensional investment strategy that is sector agnostic, enabling it to adapt to the evolving market landscape. Shorooq looks for visionary founders who demonstrate strong leadership and innovative ideas. The firm provides strategic guidance and access to a broad network of industry contacts, which is crucial for navigating the complexities of scaling businesses in the MENA region.
Shorooq Partners has a notable portfolio that includes over 80 companies across 11 countries. Some highlighted portfolio companies are:
Mahmoud Adi: Founding Partner with extensive experience in venture capital and private equity. Prior to Shorooq, he held leadership roles at various investment firms and has a strong background in technology investments.
Shane Shin: Founding Partner who brings a wealth of knowledge in financial services and technology. He has successfully led multiple investments in high-growth startups across the MENA region.
Dr. Bilal Baloch: Partner with expertise in healthcare and technology sectors. He has a strong academic background and has been involved in several successful startup ventures.
Tamer Azer: Partner with a focus on logistics and supply chain investments. He has a proven track record of scaling businesses in the MENA region.
Yousef Albabtain: Partner specializing in fintech and digital solutions. He has a background in investment banking and has led numerous successful funding rounds.
Omer Zabit: Partner with experience in consumer technology and media investments. He has a strong network in the startup ecosystem and is known for his operational support to portfolio companies.
To pitch Shorooq Partners, founders should visit their website at shorooq.com. It is recommended to include a comprehensive pitch deck that outlines the business model, market analysis, and financial projections. The firm prefers pitches that are concise and focused on the key aspects of the business.
Response times can vary, but founders should expect to hear back within a few weeks. Warm introductions are beneficial, as they can increase the likelihood of a favorable review of the pitch.
In recent months, Shorooq Partners has launched several new funds, including a $100 million venture debt fund and the Nahda Fund II, which is registered with the FSRA ADGM. These initiatives reflect the firm's commitment to expanding its investment capabilities across the MENA region.
Additionally, Shorooq has partnered with Presight, an Abu Dhabi AI company, to launch a $100 million global AI innovation fund. This fund aims to support startups focused on artificial intelligence and technology-driven solutions.
Shorooq Partners continues to be recognized as a leading alternative investment manager in MENA, with a growing portfolio that now includes over 80 companies across various sectors.
What are Shorooq Partners' investment criteria?
Shorooq Partners invests in seed, Series A, and growth-stage companies across various sectors, including fintech, healthcare, and logistics. The firm typically writes checks ranging from $1 million to $3 million.
How can I apply or pitch to Shorooq Partners?
Founders can submit their pitches through the Shorooq Partners website at shorooq.com. It is advisable to include a detailed business plan and financial projections in the pitch deck.
What makes Shorooq Partners different from other VCs?
Shorooq Partners employs a sector-agnostic investment strategy, allowing it to adapt to the evolving market needs. The firm also provides strategic guidance and access to a broad network of industry contacts, which is crucial for scaling businesses in the MENA region.
What is the geographic scope of Shorooq Partners?
The firm primarily focuses on investments in the MENA region and Asia, targeting innovative startups and scale-ups that have the potential to disrupt their respective industries.
What is Shorooq Partners' post-investment involvement like?
Shorooq Partners actively supports its portfolio companies by providing strategic guidance, operational support, and access to a network of industry contacts. The firm is involved in helping companies navigate the complexities of scaling their businesses.
What is the size of Shorooq Partners' funds?
Shorooq Partners manages approximately $500 million in assets across multiple funds, including the Bedaya Fund and the Nahda Fund II, which are backed by significant regional investment.
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