When was AngelSpark founded?

AngelSpark was founded in 2023.

Where is AngelSpark's headquarters located?

AngelSpark's headquarters is located in Dubai (United Arab Emirates).

How many companies has AngelSpark invested in?

AngelSpark has invested in 5 companies, including MilkStraw AI & Payd.

Which companies has AngelSpark invested in lately?

XSquare & Renohome are the latest investments by AngelSpark.

What sectors does AngelSpark focus on for investments?

Top sectors in AngelSpark's portfolio are Enterprise Applications (4 investments) and FinTech (3 investments).

AngelSpark - 2026 Investor Profile, Portfolio & Investment Trends

AngelSpark, established in 2023, is an angel investment group based in Dubai, United Arab Emirates. It primarily focuses on Seed investments in companies in United Arab Emirates. Its portfolio includes 5 firms, spanning the Enterprise Applications, FinTech sectors. Its most notable investments include companies like MilkStraw AI, Payd and Renohome. Its latest investment was a Undisclosed Seed round in XSquare on Aug 20, 2026, which also saw participation from Raed Ventures and 500 Global.

To date, 16 investors have co-invested in AngelSpark's portfolio companies, including prominent names like Flat6Labs.

Key Metrics

Founded Year

2023

Location

Dubai, United Arab Emirates

Portfolio Companies

MilkStraw AI, Payd & 3 more

Sectors of Investment

Enterprise Applications, FinTech & 5 more

Stages of Investment

Seed & Series A

Locations of Investment

United Arab Emirates, Malaysia & 1 more

View AngelSpark's full profile

AngelSpark has a portfolio of 5 companies. Their most notable investmentis in Plain TigerTheir portfolio spans across United Arab Emirates, Malaysia and United States. They have invested in Enterprise Applications, FinTech, Enterprise Infrastructure and 4 other sectors, across stages such as Seed, Series A stages. Here is the list of all investments by AngelSpark:

1. MilkStraw AI

A cloud cost optimization platform that uses artificial intelligence to help companies manage AWS expenses. It uses artificial intelligence to analyze and optimize cloud usage, enabling businesses to manage their cloud expenditure. The company's software automates cloud cost optimization, allowing users to streamline cloud management.

Key facts about MilkStraw AI

Founded Year: 2023
Location: San Francisco (United States)
Stage: Seed
Total Funding till date: $2.6M
Employee Count: 14 as on Jun 30, 2026
Investors: Flat6Labs, VentureSouq and 6 Others
Latest Funding Round: Seed, Jan 06, 2026, $*****

2. Payd

Provider of an online platform for on-demand pay. It provides users with a platform that offers a solution for employees to request earned wages before payday. It partners with employers to integrate with the payroll system for verifying and disbursing loans. The application is available on the Android and iOS platforms.

Key facts about Payd

Founded Year: 2020
Location: Kuala Lumpur (Malaysia)
Stage: Seed
Total Funding till date: $2.13M
Employee Count: 11 as on May 31, 2026
Investors: Orbit Ventures, A2D Ventures and 6 Others
Latest Funding Round: Seed, Feb 10, 2025, $*****
Highlight: Editors' Pick

3. Renohome

Provider of home renovation services, including design, contracting, and financing. It offers a complete solution, managing all aspects of the renovation process from initial design consultation to final project handover. The company connects clients with vetted contractors and interior designers, ensuring quality and timely completion. Financing options are available to facilitate flexible payment plans. Project progress and budget are tracked via a dedicated app, providing clients with full transparency. The service aims to streamline the renovation experience, minimizing stress and maximizing client satisfaction.

Key facts about Renohome

Location: United Arab Emirates
Stage: Series A
Total Funding till date: $4M
Employee Count: 26 as on Jun 30, 2026
Investors: Swiss Founders Fund, Flyer One Ventures and 6 Others
Latest Funding Round: Conventional Debt, Dec 06, 2025, $*****

4. XSquare

B2B payment solution provider for businesses in multiple channels. The platform provides solutions such as payments, accounting, reconciliation, reporting, and more.

Key facts about XSquare

Founded Year: 2023
Location: Dubai (United Arab Emirates)
Stage: Seed
Investors: 500 Global, Raed Ventures and 2 Others
Latest Funding Round: Seed, Aug 20, 2026, $*****

5. Plain Tiger

Key facts about Plain Tiger

Founded Year: 2020
Location: Dubai (United Arab Emirates)
Stage: Seed
Total Funding till date: $1.5M
Employee Count: 11 as on Jul 01, 2024
Investors: COREangels and AngelSpark
Latest Funding Round: Seed, Sep 18, 2024, $*****
Highlight: Editors' Pick

In 2025, it made 3 investments, while as of Aug 2026, it has made 1 investment in this year. Its most recent first time investment was in XSquare.

Here are AngelSpark's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	1	0	1
2025	3	0	3
2024	1	0	1

View all investments by AngelSpark

AngelSpark has made 4 investments in Seed stage with an average round size of $833K and 1 investment in Series A stage with an average round size of $4M.

Here are AngelSpark's investments by stage:

Stage of entry	No. of Investments
Seed	4
Series A	1

Note: We have considered here, only first round of investments

View all investments by AngelSpark

AngelSpark has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Retail, Consumer and Enterprise Infrastructure. Notably, it has invested in 4 Enterprise (B2B) companies, 4 Tech companies, 3 Saas companies and at least 3 companies focusing on Software.

Here are AngelSpark's investments by sector:

Sector	No. of Investments
Enterprise Applications	4
FinTech	3
Retail	2
Consumer	1
Enterprise Infrastructure	1
Others	2

Note: We have considered here, only first round of investments

View all investments by AngelSpark

AngelSpark has made most investments in United Arab Emirates (3), followed by Malaysia where it has made 1 investment.

Here are AngelSpark's investments by geography:

Country	No. of Investments
United Arab Emirates	3
Malaysia	1
United States	1

Note: We have considered here, only first round of investments

View all investments by AngelSpark

AngelSpark has made 1 investments in 2026 so far - XSquare.

Here are the most recent investments by AngelSpark:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Aug 20, 2026	XSquare	United Arab Emirates	Seed	4887	Raed Ventures [+2]
Dec 06, 2025	Renohome	United Arab Emirates	Series A	1457	Sanabil Investments [+6]
Feb 10, 2025	Payd	Malaysia	Seed	7865	A2D Ventures [+1]
Jan 07, 2025	MilkStraw AI	United States	Seed	2199	Flat6Labs [+4]
May 20, 2024	Plain Tiger	United Arab Emirates	Seed	1806	-

See more recent investments made by AngelSpark

Over the past 2 years, 25 investors have co-invested in AngelSpark's portfolio companies. This includes funds and angels.

Invested before AngelSpark: Orbit Ventures, IFS Capital and 4 others have invested in rounds before AngelSpark. There is 1 company where Orbit Ventures has invested before AngelSpark and 1 company where IFS Capital has invested before AngelSpark.
Top Co-investors of AngelSpark: 16 investors entered a company along with AngelSpark. These include investors like Flat6Labs (1 company).
Invested after AngelSpark: A total of 3 investors have invested in AngelSpark's portfolio after their investments. Top Investors include VentureSouq (1 company) and Ibtikar Fund (1 company).