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 Sep 2026, Conjunction Capital is an active investor, having invested in 6 companies, with 4 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 $***** Series A round of Erad A lot of funds co-invest with Conjunction Capital, with names like Middle East Venture Partners sharing a substantial percentage of its portfolio. Conjunction Capital has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Conjunction Capital's List of Top Investments
Conjunction Capital has a portfolio of 6 companies. Their most notable investments are in 10 Minute School and PostEx.Their portfolio spans across Pakistan, Saudi Arabia, Bangladesh and 1 more locations. They have invested in Enterprise Applications, High Tech, Retail and 5 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Conjunction Capital:
1. Erad
Provider of working capital to online businesses across various industries. It offers funding solutions for restaurants, retail, clinics, and beauty salons. The company facilitates access to financing through data integration with business platforms. It provides insights to assist businesses with growth strategies.
Key facts about Erad
- Founded Year: 2022
- Location: Riyadh (Saudi Arabia)
- Stage: Series A
- Total Funding till date: $41M
- Employee Count: 61 as on Sep 30, 2026
- Investors: Flucas Ventures, Stride Ventures and 21 Others
- Latest Funding Round: Series A, Sep 28, 2026, $*****
2. Flextock
Provider of end to end warehousing and online order fulfillment. The company delivers logistical support for merchants through inventory management, automated order processing, and multi-channel distribution. Systems integrate with various e-commerce platforms to facilitate stock tracking, shipping, and delivery across multiple markets. Services include secure storage, order picking and packing, and financial tracking for online businesses.
Key facts about Flextock
- Founded Year: 2020
- Location: Cairo (Egypt)
- Stage: Series A
- Total Funding till date: $16M
- Employee Count: 186 as on Sep 30, 2026
- Investors: MSA Capital, B&Y Venture Partners 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: 5,665 as on Sep 30, 2026
- Investors: Sequoia Capital, Conjunction Capital and 5 Others
- Latest Funding Round: Seed, Oct 12, 2023, $*****
- Highlight: Editors' Pick
4. 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: 1,847 as on Aug 31, 2026
- Investors: Global Founders Capital, Flucas Ventures and 17 Others
- Latest Funding Round: Seed, Aug 20, 2024, $*****
- Highlight: Editors' Pick
5. 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: Moment Ventures, Pioneer Fund and 3 Others
- Latest Funding Round: Seed, Jan 29, 2026, $*****
- Highlight: Editors' Pick
Conjunction Capital's Year-on-Year Investment Trends
Conjunction Capital has invested in 6 companies over the last 3 years, with an average of 2 new investments annually in the last 3 years. As of Sep 2026, it has made 4 investments in this year. Its most recent first time investment was in Erad.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 0 | 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 2 investments in Series A stage with an average round size of $17.3M.Stage of entry | No. of Investments |
|---|---|
Seed | 4 |
Series A | 2 |
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 Vertical SaaS. Notably, it has invested in 6 Saas companies, 6 Tech companies, 5 Enterprise (B2B) companies and at least 5 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
Consumer | 2 |
Retail | 2 |
Transportation and Logistics Tech | 2 |
Vertical SaaS | 2 |
Others | 4 |
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 Saudi Arabia where it has made 2 investments.Country | No. of Investments |
|---|---|
Pakistan | 2 |
Saudi Arabia | 2 |
Bangladesh | 1 |
Egypt | 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. Erad 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 |
|---|---|---|---|---|---|
Sep 28, 2026 | Saudi Arabia | Series A | 2192 | ||
Jun 25, 2026 | Saudi Arabia | Seed | 2020 | [+6] | |
Feb 17, 2026 | Egypt | Series A | 1163 | [+7] | |
Jan 29, 2026 | Pakistan | Seed | 9090 | [+3] | |
Aug 20, 2024 | Pakistan | Seed | 3491 | [+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, 58 investors have co-invested in Conjunction Capital's portfolio companies. This includes funds and angels.
- Invested before Conjunction Capital: Y Combinator, VentureSouq and 30 others have invested in rounds before Conjunction Capital. There are 2 companies where Y Combinator has invested before Conjunction Capital and 2 companies where VentureSouq has invested before Conjunction Capital.
- Top Co-investors of Conjunction Capital: 26 investors entered a company along with Conjunction Capital. These include investors like Middle East Venture Partners (1 company).
Recent News related to Conjunction Capital
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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
