About Iliad Partners
Iliad Partners is a venture capital firm founded in 2014. It is primarily based out of Dubai, United Arab Emirates. As of Apr 2026, Iliad Partners is an active investor, having invested in 7 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in United Arab Emirates based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Auto Tech. Most recently it participated in the $***** Seed round of Comfi A lot of funds co-invest with Iliad Partners, with names like Sanabil sharing a substantial percentage of its portfolio. Iliad Partners has team of 13 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Soonicorns
Iliad Partners' List of Top Investments
Iliad Partners has a portfolio of 7 companies. Their most notable investments are in Comfi and Qashio.Their portfolio spans across United Arab Emirates, Saudi Arabia, Greece and 1 more locations. They have invested in Enterprise Applications, FinTech, Auto Tech and 9 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Iliad Partners:1. Fetchr
Fetchr is an app-based platform for booking delivery services. Using its app, users can dispatch and collect items. It automatically detects the user's address for pick up and drop, and provides ETA for the delivery. They can track the parcel and leave comments or requests to the driver.
Key facts about Fetchr
- Founded Year: 2012
- Location: Dubai (United Arab Emirates)
- Stage: Deadpooled
- Total Funding till date: $77M
- Employee Count: 694 as on Sep 30, 2026
- Investors: TriplePoint Capital, Delta Partners and 23 Others
- Latest Funding Round: Series C, Jul 23, 2020, $*****
2. penny
Provider of B2B digital procurement software and related platform solutions. The company offers source-to-pay, e-procurement, and B2B e-commerce platform services. It facilitates sourcing, supplier management, contract management, invoicing, and analytics. The company also provides procurement as a service, along with integrations and security features.
Key facts about penny
- Founded Year: 2020
- Location: Dhahran (Saudi Arabia)
- Stage: Seed
- Total Funding till date: $6.35M
- Employee Count: 72 as on Sep 30, 2026
- Investors: Salica Investments, Wamda Capital and 8 Others
- Latest Funding Round: Seed, Apr 17, 2024, $*****
- Highlight: Editors' Pick
3. Comfi
Provider of invoice discounting and buy now pay later services. These financial tools allow businesses to convert outstanding receivables into immediate capital. The services facilitate inventory procurement and payroll management by offering flexible repayment terms. By managing credit cycles and collections, the platform assists in maintaining cash flow for various commercial operations.
Key facts about Comfi
- Founded Year: 2023
- Location: Dubai (United Arab Emirates)
- Stage: Seed
- Total Funding till date: $65M
- Employee Count: 51 as on Aug 31, 2026
- Investors: 500 Global, Partners For Growth and 4 Others
- Latest Funding Round: Seed, Apr 27, 2026, $*****
- Highlight: Editors' Pick
4. Qashio
Expense management and card solutions for small businesses. It features solutions for employee expense management, the ability to issue cards, approves transactions, employee expenses and reimbursements, and more. It allows users to protect themselves from unwanted recurring charges. Application is made available on Android and iOS platforms.
Key facts about Qashio
- Founded Year: 2021
- Location: Dubai (United Arab Emirates)
- Stage: Series A
- Total Funding till date: $32.3M
- Employee Count: 173 as on Sep 30, 2026
- Investors: Rocketship, Novocap and 16 Others
- Latest Funding Round: Conventional Debt, Sep 18, 2025, $*****
- Highlight: Editors' Pick
5. TruKKer
Marketplace to book trucking services. It allows users to find and book trucks for cross border deliveries, commercial and house moves, and item deliveries. It allows shippers to post the load, and receive truck suggestions based on the specifications. It enables carriers to register and book for truckload service, search, bid, and accept the loads for transportation. It includes a tracking feature to track the shipment status in real time. The application is available on app store and play store.
Key facts about TruKKer
- Founded Year: 2016
- Location: Abu Dhabi (United Arab Emirates)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Stage: Series C
- Total Funding till date: $189M
- Employee Count: 603 as on Sep 30, 2026
- Investors: Mubadala, SVB and 25 Others
- Latest Funding Round: Conventional Debt, Jul 08, 2025, $*****
- Highlight: Editors' Pick
Iliad Partners' Year-on-Year Investment Trends
Iliad Partners has invested in 7 companies over the last 9 years, with an average of 1 new investment annually in the last 5 years. As of Apr 2026, it has made 1 investment in this year. Its most recent first time investment was in Comfi.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 0 | 0 | 0 |
2024 | 2 | 0 | 2 |
2023 | 0 | 0 | 0 |
2022 | 1 | 0 | 1 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
2018 | 0 | 0 | 0 |
2017 | 1 | 0 | 1 |
Iliad Partners' Investments by Stage
Iliad Partners has made 3 investments in Seed stage with an average round size of $37.5M, 2 investments in Series A stage with an average round size of $15.5M and 1 investment in Series B stage with an average round size of $41M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 2 |
Series B | 1 |
Note: We have considered here, only first round of investments
Iliad Partners' Investments by Sector
Iliad Partners has a diverse portfolio, with companies operating in the Consumer, Transportation and Logistics Tech, Enterprise Applications, FinTech and Retail. Notably, it has invested in 7 Tech companies, 5 Enterprise (B2B) companies, 3 Consumer (B2C) companies and at least 3 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 4 |
Transportation and Logistics Tech | 3 |
Enterprise Applications | 2 |
FinTech | 2 |
Retail | 2 |
Others | 6 |
Note: We have considered here, only first round of investments
Iliad Partners' Investments by Geography
Iliad Partners has made most investments in United Arab Emirates (4), followed by Saudi Arabia where it has made 2 investments.Country | No. of Investments |
|---|---|
United Arab Emirates | 4 |
Saudi Arabia | 2 |
Note: We have considered here, only first round of investments
Iliad Partners' recent investments
Iliad Partners has made 1 investments in 2026 so far - Comfi.Here are the most recent investments by Iliad Partners:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 27, 2026 | United Arab Emirates | Seed | 2124 | [+1] | |
Jul 22, 2024 | Saudi Arabia | Series A | 9868 | [+3] | |
Apr 17, 2024 | Saudi Arabia | Seed | 9451 | ||
Nov 22, 2022 | United Arab Emirates | Seed | 4679 | [+6] | |
Nov 12, 2019 | United Arab Emirates | Series A | 6272 | [+6] |
Team profile of Iliad Partners
Iliad Partners has a team of 13 members including 3 Partners, 2 Venture Partners and 2 Principals located in United Arab Emirates, Saudi Arabia and 1 more location. Iliad Partners' team does not sit on the board of any company as of now.Here is a list of top team members in Iliad Partners:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Dubai | - | ||
Partner | Dubai | - | ||
Partner | Riyadh | - | ||
Venture Partner | Dubai | - | ||
Venture Partner | United Arab Emirates | - | ||
Principal | Mexico City | - | ||
Principal | United Arab Emirates | - |
Co-investors of Iliad Partners
Over the past 9 years, 67 investors have co-invested in Iliad Partners's portfolio companies. This includes funds and angels.
- Invested before Iliad Partners: 500 Global, Plug and Play Tech Center and 21 others have invested in rounds before Iliad Partners. There are 2 companies where 500 Global has invested before Iliad Partners and 2 companies where Plug and Play Tech Center has invested before Iliad Partners.
- Top Co-investors of Iliad Partners: 27 investors entered a company along with Iliad Partners. These include investors like Sanabil (2 companies).
- Invested after Iliad Partners: A total of 17 investors have invested in Iliad Partners's portfolio after their investments. Top Investors include Tamer Group (1 company), CMA CGM (1 company) and CEVA Logistics (1 company).
Recent News related to Iliad Partners
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Comfi Secures $65 Million to Expand SME Embedded Finance PlatformTechMoran•Jun 10, 2026•Comfi, Iliad Partners
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Comfi Raises $65 Million to Expand SME Financing Across MENACairoScene•Apr 27, 2026•Shorooq Partners, Raw Ventures, Partners For Growth, Yango and 2 others
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Iliad Partners: With the participation of Eurobank, NBG, Piraeus, a financing line of 50 million dollarsSofokleous10.gr•Oct 01, 2025•Eurobank, Iliad Partners, National Bank of Greece, Piraeus Bank and 1 other
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Cargo Management Platform Auto received an investment of $ 8 million in serialegirisim•Jul 22, 2024•OTO, Sadu Capital, Iliad Partners, Propeller and 10 others
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B2B SaaS procurement startup Penny Software raised undisclosed Pre-series A fundingIncubees•Apr 17, 2024•penny, Knollwood Investment Advisory, Iliad Partners, Dallah Investment and 3 others
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Iliad Partners Tech Ventures Fund I received funding from Jada Fund of FundsIncubees•Jan 22, 2024•Iliad Partners, Jada
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Jada Fund of Funds partners with Iliad Partners to support Saudi tech SMEsMy Startup World•Dec 19, 2023•Jada, Iliad Partners
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Fifth Wall Doubles Down On Its Commitment To The Middle East With The Addition Of Investment VeteranPR Newswire•Feb 14, 2023•Fifth Wall, Iliad Partners, Barclays Investment Bank, Deutsche Bank
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UAE-based fintech Qashio raises $10m in a seed roundGulf Business•Nov 22, 2022•Qashio, One Way Ventures, Cadorna Ventures, https://mitaa.co.in and 12 others
