About Conjunction Capital
Conjunction Capital is a venture capital firm founded in 2021. It is primarily based out of Dubai, United Arab Emirates. As of Jun 2026, Conjunction Capital is an active investor, having invested in 5 companies, with 3 new investments in the last 12 months. It primarily invests in Seed round in Pakistan based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it participated in the $***** Seed round of Revora A lot of funds co-invest with Conjunction Capital, with names like TLcom sharing a substantial percentage of its portfolio. Conjunction Capital has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Conjunction Capital's List of All Investments
Conjunction Capital has a portfolio of 5 companies. Their most notable investments are in 10 Minute School and PostEx.Their portfolio spans across Pakistan, Bangladesh, Egypt and 1 more locations. They have invested in Enterprise Applications, High Tech, Retail and 3 other sectors, across stages such as Seed, Series A stages. Here is the list of all investments by Conjunction Capital:
1. Flextock
Offers end-to-end e-commerce fulfillment solutions. The company offers storage & fulfillment solutions with a process tracking facility. They collect inventories from customers and store them in fulfillment storage centers, once the order is placed, the product is packed and shipped to the destination address. Its services include first mile, last mile, and global shipping services.
Key facts about Flextock
- Founded Year: 2020
- Location: Cairo (Egypt)
- Stage: Series A
- Total Funding till date: $16M
- Employee Count: 177 as on Jun 30, 2026
- Investors: MSA Capital, Y Combinator and 12 Others
- Latest Funding Round: Series A, Feb 17, 2026, $*****
- Highlight: Editors' Pick
Web-based educational platform providing video content and online tests. It provides content material for school curriculum and skill development. It also offers a video library, preparation tips, model tests, and pre-scheduled live classes for admission preparation, competitive examinations, and university courses.
Key facts about 10 Minute School
- Founded Year: 2013
- Location: Dhaka (Bangladesh)
- Stage: Seed
- Total Funding till date: $9.26M
- Employee Count: 5,593 as on Jun 30, 2026
- Investors: Sequoia Capital, Conjunction Capital and 5 Others
- Latest Funding Round: Seed, Oct 12, 2023, $*****
- Highlight: Editors' Pick
3. PostEx
Provider of e-commerce logistics, cash on delivery, and payment solutions. It offers services such as managing e-commerce expenses and streamlining transactions. The company facilitates parcel delivery and provides business accounts. It also offers payment gateway and financing options.
Key facts about PostEx
- Founded Year: 2020
- Location: Lahore (Pakistan)
- Stage: Seed
- Total Funding till date: $15.9M
- Employee Count: 1,736 as on Jun 30, 2026
- Investors: Flucas Ventures, Global Founders Capital and 16 Others
- Latest Funding Round: Seed, Aug 20, 2024, $*****
- Highlight: Editors' Pick
4. Uplift
Developer of voice technology focused on speech synthesis and recognition systems. The organization builds datasets to accelerate the development of speech recognition systems. It conducts studies on conversational AI to identify investments and innovations. The organization aims to make technology accessible to individuals with limited literacy skills. It offers voice interfaces for digital services.
Key facts about Uplift
- Founded Year: 2024
- Location: Islamabad (Pakistan)
- Stage: Seed
- Total Funding till date: $3.5M
- Investors: Y Combinator, Pioneer Fund and 3 Others
- Latest Funding Round: Seed, Jan 29, 2026, $*****
- Highlight: Editors' Pick
5. Revora
Developer of artificial intelligence software for managing online retail operations. This technology integrates with digital storefronts to automate customer support, sales, and marketing tasks. The software processes product inquiries, provides recommendations, and facilitates order management across multiple communication channels. It includes tools for handling customer messages, managing social media interactions, and executing automated marketing campaigns. The system connects with inventory and payment platforms to synchronize data and streamline transaction workflows.
Key facts about Revora
- Location: Saudi Arabia
- Stage: Seed
- Total Funding till date: $4M
- Investors: Orbit Ventures, i2i Ventures and 6 Others
- Latest Funding Round: Seed, Jun 29, 2026, $*****
Conjunction Capital's Year-on-Year Investment Trends
Conjunction Capital has invested in 5 companies over the last 3 years, with an average of 2 new investments annually in the last 3 years. As of Jun 2026, it has made 4 investments in this year. Its most recent first time investment was in Revora and most recent follow-on round was in Revora.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 1 | 4 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 1 | 0 | 1 |
Conjunction Capital's Investments by Stage
Conjunction Capital has made 4 investments in Seed stage with an average round size of $4.58M and 1 investment in Series A stage with an average round size of $12.6M.Stage of entry | No. of Investments |
|---|---|
Seed | 4 |
Series A | 1 |
Note: We have considered here, only first round of investments
Conjunction Capital's Investments by Sector
Conjunction Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Retail, Transportation and Logistics Tech and EdTech. Notably, it has invested in 5 Software companies, 5 Tech companies, 4 Enterprise (B2B) companies and at least 4 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 3 |
Consumer | 2 |
Retail | 2 |
Transportation and Logistics Tech | 2 |
EdTech | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Conjunction Capital's Investments by Geography
Conjunction Capital has made most investments in Pakistan (2), followed by Bangladesh where it has made 1 investment.Country | No. of Investments |
|---|---|
Pakistan | 2 |
Bangladesh | 1 |
Egypt | 1 |
Saudi Arabia | 1 |
Note: We have considered here, only first round of investments
Conjunction Capital's recent investments
Conjunction Capital has made 4 investments in 2026 so far. Revora and Revora are the latest among them.Here are the most recent investments by Conjunction Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 29, 2026 | Saudi Arabia | Seed | 3850 | [+6] | |
Jun 25, 2026 | Saudi Arabia | Seed | 2448 | [+6] | |
Feb 17, 2026 | Egypt | Series A | 2372 | [+7] | |
Jan 29, 2026 | Pakistan | Seed | 7481 | [+3] | |
Aug 20, 2024 | Pakistan | Seed | 2006 | [+4] |
Team profile of Conjunction Capital
Conjunction Capital has a team of 1 member located in United Arab Emirates. Conjunction Capital's team does not sit on the board of any company as of now.Co-investors of Conjunction Capital
Over the past 3 years, 43 investors have co-invested in Conjunction Capital's portfolio companies. This includes funds and angels.
- Invested before Conjunction Capital: Foundation Ventures, Alter and 21 others have invested in rounds before Conjunction Capital. There is 1 company where Foundation Ventures has invested before Conjunction Capital and 1 company where Alter has invested before Conjunction Capital.
- Top Co-investors of Conjunction Capital: 20 investors entered a company along with Conjunction Capital. These include investors like TLcom (1 company).
Recent News related to Conjunction Capital
•
Flextock Raises $12.6 Million Series A to Scale E-commerce Logistics PlatformTechMoran•Feb 17, 2026•Flextock, TLcom, Conjunction Capital, Capria and 2 others
•
PostEx Raises US$7.3 Million to Solve Access to Capital for Ecommerce Merchants in the GCCFintech Finance•Aug 20, 2024•PostEx, DASH Ventures, 500 Global, VentureSouq and 5 others
•
Peak XV’s Surge backs $5.5m round of Bangladeshi edtech startupTech in Asia•Oct 12, 2023•Peak XV Partners, Conjunction Capital, Startup Bangladesh, IIFL Finance and 3 others
