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TURN8 is a corporate venture builder and startup studio founded in 2013, based in Saudi Arabia. The organization operates as an integrated innovation platform focused on corporate venture building and strategic investment across the Gulf Cooperation Council (GCC) region. Since its inception, TURN8 has built over 120 ventures and deployed more than $500 million in capital. The organization partners with regional national champions and leaders to launch new business lines, manage venture capital programs, and support international startups entering the GCC market.
TURN8 has established itself as one of the earliest dedicated accelerators in the Gulf region, leveraging its extensive experience to foster innovation. The firm operates from its headquarters in Saudi Arabia and has built a diverse portfolio across various sectors, including healthcare, AI, mobility, energy, and frontier technologies. Notable milestones include the launch of two unicorns, Paack and what3words, showcasing TURN8's capability to scale successful ventures.
TURN8 provides a range of services through four main engines: Growth Foundry, Growth Capital, AI Studio, and TURN8 Accelerator. The Growth Foundry collaborates with corporate partners to create and launch new ventures, managing the entire process from business thesis development to customer acquisition. Growth Capital designs and manages Corporate Venture Capital (CVC) programs, balancing strategic value with financial returns, which includes sourcing, due diligence, and portfolio analytics.
The AI Studio develops native AI agents for growth startups and SMEs, enhancing operational efficiency and customer service through AI-driven workflows. The TURN8 Accelerator assists innovative startups in establishing a presence in Saudi Arabia, providing support in market validation, product refinement, and fundraising. This comprehensive approach allows TURN8 to invest across various stages, including pre-seed, seed, seed-plus, Series A, Series B, and growth equity, with a sector focus on healthcare, mobility, AI, biotech, energy, and frontier technologies.
TURN8 has collaborated with various corporates and startups, launching over 120 ventures. Notable achievements include the launch of two unicorns: Paack, a logistics company, and what3words, a location technology firm. The organization has experience in sectors such as HealthTech, mobility, AI, medical devices, deep tech, energy, and advanced manufacturing.
Some of the key companies in TURN8's portfolio include:
TURN8's extensive portfolio reflects its commitment to supporting innovative startups and its ability to scale ventures effectively within the GCC region.
Kamal Hassan - Managing Partner and Founder. Kamal has extensive experience in venture building and corporate investment, having led numerous successful startups in the region. He holds a degree in Business Administration and has a strong background in technology and innovation.
Yousif Almutawa - Head of Venture Sourcing and Co-Founder. Yousif specializes in sourcing and evaluating new ventures, bringing a wealth of knowledge in market analysis and startup development. He has a background in finance and entrepreneurship, contributing to TURN8's strategic investment decisions.
Startups interested in pitching to TURN8 should submit their applications through the official website at turn8.co. The pitch deck should include key information such as the business model, market opportunity, team background, and financial projections. TURN8 prefers concise and clear presentations that highlight the startup's unique value proposition.
Response times can vary, but startups can generally expect feedback within a few weeks. TURN8 values warm introductions, so leveraging connections within their network can improve the chances of a successful pitch.
TURN8 runs a single program known as the TURN8 Accelerator. This program assists innovative startups in establishing a presence in Saudi Arabia, providing support in market validation, product refinement, and fundraising. The accelerator is designed to help startups navigate the challenges of entering the GCC market and connect with potential corporate partners.
Eligibility for the TURN8 Accelerator typically includes startups in the early stages of development, particularly those focused on sectors such as healthcare, AI, mobility, and energy. Interested startups can apply through the TURN8 website.
In recent months, TURN8 has continued to expand its portfolio, actively building ventures and deploying capital across the GCC region. The firm has been involved in launching new startups and supporting existing ones with additional funding. Notable activities include the successful scaling of portfolio companies and the ongoing development of AI-driven solutions to enhance operational efficiency.
TURN8 remains committed to its mission of fostering innovation and supporting startups in the region, positioning itself as a key player in the corporate venture building space.
What are TURN8's investment criteria?
TURN8 invests in startups across various stages, including pre-seed, seed, seed-plus, Series A, Series B, and growth equity. The firm focuses on sectors such as healthcare, AI, mobility, energy, and frontier technologies.
How can startups apply or pitch to TURN8?
Startups can apply through the TURN8 website at turn8.co. The application process typically involves submitting a pitch deck that outlines the business model, market opportunity, and team background.
What makes TURN8 different from other accelerators?
TURN8 combines corporate venture building with strategic investment, providing startups with access to a network of corporate partners and resources that enhance their growth potential. The firm also focuses on AI-driven solutions to improve operational efficiency.
What is TURN8's geographic scope?
TURN8 primarily focuses on the Gulf Cooperation Council (GCC) region, particularly Saudi Arabia, while also supporting international startups looking to enter this market.
What kind of post-investment involvement does TURN8 have?
TURN8 provides comprehensive support to its portfolio companies, including market validation, product refinement, and fundraising assistance. The firm actively engages with startups to ensure their growth and success.
What is the typical check size for investments?
TURN8 typically invests between $100,000 and $500,000 at the seed stage, depending on the startup's needs and growth potential.
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