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About MSA Capital
MSA Capital is a venture capital firm founded in 2014. It is primarily based out of Abu Dhabi, United Arab Emirates. As of Jun 2026, MSA Capital is an active investor, having invested in 95 companies, with 2 new investments in the last 12 months. It primarily invests in Series B round in China based startups. Its investments are spread across a wide range of sectors from Consumer to High Tech and Life Sciences. Most recently it participated in the $***** Seed round of Sand.ai Overall, MSA Capital portfolio has seen 9 unicorns, 12 IPOs and 5 acquisitions including key companies like Uber, Nubank and Tabby. A lot of funds co-invest with MSA Capital, with names like Global Founders Capital sharing a substantial percentage of its portfolio. MSA Capital has team of 10 people including 6 partners.Key Metrics
Team Members
Portfolio Locations
Rounds of Entry
Series A, Seed & 6 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
MSA Capital's List of Top Investments
MSA Capital has a portfolio of 95 companies, including 9 unicorns. Their most notable investments are in Axbio and Animoca Brands.Their portfolio spans across China, United States, Egypt and 14 more locations. They have invested in Consumer, High Tech, Life Sciences and 28 other sectors, across stages such as Series A, Seed and 6 more. Here is the list of top investments by MSA Capital:
1. Uber
Network providing on-demand transportation, delivery, and business management solutions. It facilitates ride requests and connects individuals with transportation providers. Additionally, it offers delivery services for food and other goods. The network extends to business solutions, providing tools for managing rides, meals, and local deliveries for organizations.
Key facts about Uber
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $13.2B
- Employee Count: 161,587 as on Jun 30, 2026
- Investors: New Enterprise Associates, TrueBridge and 191 Others
- Latest Funding Round: Post IPO, Dec 19, 2020, $*****
- Highlight: Public
2. Nubank
Provider of digital banking services, including credit cards and accounts. It offers various financial solutions through its application. These solutions include tools for managing money and protecting finances. The company focuses on providing accessible and straightforward banking experiences.
Key facts about Nubank
- Founded Year: 2013
- Location: Sao Paulo (Brazil)
- Annual Revenue: €1B+ as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $2.27B
- Employee Count: 13,138 as on Jun 30, 2026
- Investors: TCV, Berkshire Hathaway and 39 Others
- Latest Funding Round: Series G, Jun 08, 2021, $*****
- Highlight: Public
3. Tabby
Provider of purchase financing solutions for businesses. The platform enables users to purchase from multiple online stores and allows to repay the amount in equal installments. It offers a credit card offering buy now pay later loans with installment-based repayment options. It allows users to split purchases into four interest-free payments, both online and in-store. The platform also offers shopping assistant that lets users discover and track products, brands and deals in the application.
Key facts about Tabby
- Founded Year: 2019
- Location: Riyadh (Saudi Arabia)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $604M
- Employee Count: 4,504 as on Jun 30, 2026
- Investors: Mubadala, Global Founders Capital and 28 Others
- Latest Funding Round: Series E, Feb 12, 2025, $*****
- Highlight: Editors' Pick
4. Meituan
Online group-buying platform offering coupons for multi-category products and services. It offers coupon codes for food ordering, restaurants, dining booking, tickets, entertainment, corporate travel booking, domestic services, and more.
Key facts about Meituan
- Founded Year: 2010
- Location: Beijing (China)
- Stage: Public
- Total Funding till date: $9.86B
- Employee Count: 41,404 as on Jun 30, 2026
- Investors: Brookside Equity Partners, GIC and 48 Others
- Latest Funding Round: Series F, Sep 01, 2018, $*****
- Highlight: Public
5. MPL
Operator of an online platform providing real money skill-based gaming. The platform offers various card, puzzle, sports, and casual games. Users can participate in contests and tournaments. Winnings are credited to user accounts and can be withdrawn.
Key facts about MPL
- Founded Year: 2018
- Location: Bengaluru (India)
- Annual Revenue: $100M - $500M as on Mar 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $401M
- Employee Count: 435 as on May 31, 2025
- Investors: Founders Circle Capital, Pegasus Tech Ventures and 73 Others
- Latest Funding Round: Series E, Feb 09, 2025, $*****
- Highlight: Editors' Pick
MSA Capital's Year-on-Year Investment Trends
MSA Capital has invested in 95 companies over the last 12 years, with an average of 6 new investments annually in the last 10 years. In 2025, it made 1 investment, while as of Jun 2026, it has made 2 investments in this year. Its most recent first time investment was in Sand.ai and most recent follow-on round was in Zhuokai Bio.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 1 | 0 | 1 |
2024 | 1 | 0 | 1 |
2023 | 2 | 0 | 2 |
2022 | 10 | 1 | 11 |
2021 | 26 | 10 | 36 |
2020 | 10 | 2 | 12 |
2019 | 4 | 1 | 5 |
2018 | 3 | 0 | 3 |
MSA Capital's Investments by Stage
MSA Capital has made 23 investments in Series A stage with an average round size of $21.5M, 20 investments in Seed stage with an average round size of $7.09M and 14 investments in Series B stage with an average round size of $111M.Stage of entry | No. of Investments |
|---|---|
Series A | 23 |
Seed | 20 |
Series B | 14 |
Series C | 6 |
Angel | 3 |
Others | 4 |
Note: We have considered here, only first round of investments
MSA Capital's Investments by Sector
MSA Capital has a diverse portfolio, with companies operating in the Consumer, FinTech, Life Sciences, Enterprise Applications and High Tech. Notably, it has invested in 81 Tech companies, 53 Enterprise (B2B) companies, 45 Consumer (B2C) companies and at least 28 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 24 |
FinTech | 17 |
Life Sciences | 15 |
Enterprise Applications | 14 |
High Tech | 13 |
Others | 90 |
Note: We have considered here, only first round of investments
MSA Capital's Investments by Geography
MSA Capital has made most investments in China (29), followed by United States where it has made 11 investments.Country | No. of Investments |
|---|---|
China | 29 |
United States | 11 |
Egypt | 4 |
United Arab Emirates | 4 |
Brazil | 3 |
Others | 18 |
Note: We have considered here, only first round of investments
MSA Capital's recent investments
MSA Capital has made 2 investments in 2026 so far - Sand.ai and Flextock.Here are the most recent investments by MSA Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 23, 2026 | China | Seed | 8786 | [+11] | |
Feb 17, 2026 | Egypt | Series A | 6703 | [+7] | |
Apr 09, 2025 | United States | Series D | 7836 | [+12] | |
Feb 12, 2024 | Cayman Islands | Seed | 1877 | [+8] | |
Aug 21, 2023 | India | Series E | 8226 | [+21] |
Unicorns in MSA Capital's Portfolio
MSA Capital has 9 unicorns in its portfolio - Tabby, Animoca Brands, Slice and others. The most recent unicorn in their portfolio is Tabby. It became a unicorn in 2023, 3 years after MSA Capital first invested in it.Here is a list of unicorns in MSA Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
83 | Provider of purchase financing solutions for businesses | 2019 | Riyadh | Series E | fupbpim | ||
77 | Digital assets and Web3 company that builds, invests in, and accelerates technologies and ecosystems for gaming | 2006 | Hong Kong | Series C | pkcrmaw | ||
64 | Chains providing digital banking, savings accounts, and UPI credit cards | 2016 | Bengaluru | Series C | {zaqs{f | ||
81 | Operator of an online platform providing real money skill-based gaming | 2018 | Bengaluru | Series E | zonuse{ | ||
42 | Developer of mRNA-based therapeutics for cancer and infectious diseases | 2019 | Suzhou | Series C | pyaqzru |
IPOs and Publicly Listed companies in MSA Capital's Portfolio
12 of MSA Capital's portfolio companies have become public. Biren Technology got listed on the Hong Kong Exchanges (HKG), in Jan 2026 at marketcap of $6.04B and Zhaogang got listed on the Hong Kong Exchanges (HKG).Here are MSA Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 02, 2026 | Mar 30, 2021 | Series B | 1139 | |
Mar 10, 2025 | - | - | 9659 | |
Aug 08, 2024 | - | - | 1903 | |
Dec 09, 2021 | Jun 08, 2021 | Series G | 1139 | |
Jun 11, 2021 | Sep 23, 2016 | Series C | 7053 |
Acquired companies in MSA Capital's Portfolio
5 companies from MSA Capital's portfolio have been acquired. The most recent acquisition was Krave Mart in Mar 2026 by inDrive for $*****.Here are MSA Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 11, 2026 | Dec 15, 2021 | Seed | 5756 | |
Nov 21, 2025 | Feb 24, 2021 | Series B | 4698 | |
Dec 08, 2022 | Sep 27, 2021 | Series C | 7033 | |
Jun 20, 2022 | Jan 23, 2014 | Seed | 2315 | |
Apr 03, 2018 | - | - | 9678 |
Team profile of MSA Capital
MSA Capital has a team of 10 members including 6 Partners located in China. MSA Capital's team does not sit on the board of any company as of now.Here is a list of all team members in MSA Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Beijing | - | ||
Partner | - | - | ||
Partner | - | - | ||
Partner | - | - | ||
Partner | - | - | - | |
Partner | - | - | - |
Co-investors of MSA Capital
Over the past 12 years, 734 investors have co-invested in MSA Capital's portfolio companies. This includes funds and angels.
- Invested before MSA Capital: Tencent, Hillhouse and 244 others have invested in rounds before MSA Capital. There are 4 companies where Tencent has invested before MSA Capital and 4 companies where Hillhouse has invested before MSA Capital.
- Top Co-investors of MSA Capital: 292 investors entered a company along with MSA Capital. These include investors like Global Founders Capital (6 companies).
- Invested after MSA Capital: A total of 196 investors have invested in MSA Capital's portfolio after their investments. Top Investors include Endeavor (5 companies), STV (3 companies) and PayPal Ventures (2 companies).
Recent News related to MSA Capital
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Pakistani Startup PostEx Secures $8.6 Million in Seed FundingPhoneworld•Aug 20, 2024•PostEx, Global Founders Capital, FJ Labs, Alma Capital and 2 others
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LogX Secures $6.1 Million Seed Round and Surpasses $2B Trading Volume Milestone with New Chains and Strategic PartnershipsBusiness Insider•Feb 13, 2024•LogX, Coinbase, Sequoia Capital, Titan Capital and 7 others
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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
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Jetstream, a Ghanaian e-logistics platform for Africa’s B2B importers and exporters, takes in $13M equity, debtTechCrunch+•Jan 10, 2023•Jetstream, Octerra, Wuri Ventures, Seed9 and 21 others
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Gold loan startup Yellow Metal raises $3 MnEntrackr•Dec 07, 2022•Yellow Metal, MSA Capital, WaterBridge, Spiral Ventures and 4 others
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Zid - Retail enablement company - raises $50mln in Series B fundingZawya•Oct 18, 2022•Zid, Impact46, Aramco Ventures, Endeavor and 7 others
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Sironax Closes $200M Series B FinancingFinSMEs•Aug 02, 2022•Sironax, Gaorong Capital, Yunfeng Capital, Temasek and 12 others
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Global Game Community Metaverse Z Completes Round-A FinancingPandaily•Jul 19, 2022•Meta Z, Ventech China, Weiguang Ventures, MSA Capital and 4 others
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