About Spade Ventures
Spade Ventures, established in 2019, 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 2 firms, spanning the Enterprise Applications, Enterprise Infrastructure sectors. Its most notable investments are KASO and IDWise. Its latest investment was a $10.5M Seed round in KASO on Jul 12, 2023, which also saw participation from HALA Ventures and Seedra Ventures.
To date, 7 investors have co-invested in Spade Ventures's portfolio companies, including prominent names like HALA Ventures.
Key Metrics
Founded Year
2019
Location
Dubai, United Arab Emirates
Sectors of Investment
Stages of Investment
Seed
Locations of Investment
Spade Ventures' List of All Investments
Spade Ventures has a portfolio of 2 companies. Their most notable investments are in KASO and IDWise.Their portfolio spans across United Arab Emirates and United Kingdom. They have invested in Enterprise Applications, Enterprise Infrastructure, High Tech and 2 other sectors, across stages such as Seed stage. Here is the list of all investments by Spade Ventures:
1. KASO
Provider of online ordering software for restaurants & suppliers. The platform enables restaurant owners to chat with suppliers, place and track orders, explore a marketplace, and generate LPOs. Suppliers can access new restaurants and can sell products.
Key facts about KASO
- Founded Year: 2021
- Location: Dubai (United Arab Emirates)
- Stage: Seed
- Total Funding till date: $13.1M
- Employee Count: 65 as on Apr 30, 2026
- Investors: Global Founders Capital, RZM Investment and 14 Others
- Latest Funding Round: Seed, Jul 12, 2023, $*****
- Highlight: Editors' Pick
2. IDWise
Provider of AI-based identity verification, document validation, and compliance solutions. It offers identity document verification, facial verification by selfie capture, and proof of address verification. The business provides solutions for financial crime prevention, real-time fraud detection, and regulatory compliance. It utilizes technology to automate document capture and data extraction.
Key facts about IDWise
- Founded Year: 2020
- Location: London (United Kingdom)
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $2.79M
- Employee Count: 50 as on Apr 30, 2026
- Investors: Spade Ventures
- Latest Funding Round: Seed, Jan 27, 2025, $*****
- Highlight: Editors' Pick
Spade Ventures' Year-on-Year Investment Trends
Spade Ventures has invested in KASO in 2023. Its most recent first time investment was in KASO.Spade Ventures' Investments by Stage
Spade Ventures has made 1 investment in Seed stage with an average round size of $10.5M.Spade Ventures' Investments by Sector
Spade Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Food and Agriculture Tech and Vertical SaaS. Notably, it has invested in 2 Enterprise (B2B) companies, 2 Saas companies, 2 Software companies and 2 companies focusing on Tech.Sector | No. of Investments |
|---|---|
Enterprise Applications | 1 |
Food and Agriculture Tech | 1 |
Vertical SaaS | 1 |
Note: We have considered here, only first round of investments
Spade Ventures' Investments by Geography
Spade Ventures has made most investments in United Arab Emirates (1).Spade Ventures' recent investments
Spade Ventures has not made any investment in 2026 so far.Here are the most recent investments by Spade Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 12, 2023 | United Arab Emirates | Seed | 5454 | [+8] |
Co-investors of Spade Ventures
Over the past 3 years, 11 investors have co-invested in Spade Ventures's portfolio companies. This includes only funds.
- Invested before Spade Ventures: Y Combinator, Global Founders Capital and 2 others have invested in rounds before Spade Ventures. There is 1 company where Y Combinator has invested before Spade Ventures and 1 company where Global Founders Capital has invested before Spade Ventures.
- Top Co-investors of Spade Ventures: 7 investors entered a company along with Spade Ventures. These include investors like HALA Ventures (1 company).
Recent News related to Spade Ventures
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Kaso Raises $10.5M in Seed FundingFinSMEs•Jul 22, 2023•KASO, B&Y Venture Partners, HALA Ventures, Seedra Ventures and 8 others
