About Nama Ventures
Nama Ventures is a venture capital firm founded in 2018. It is primarily based out of Riyadh, Saudi Arabia. As of Feb 2025, Nama Ventures has invested in 55 companies. It primarily invests in Seed round in Saudi Arabia based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Retail. Most recently it participated in the $***** Seed round of Pieship Overall, Nama Ventures portfolio has seen 2 unicorns, 1 IPO and 4 acquisitions including key companies like Twilio, PAX Labs and Tamara. A lot of funds co-invest with Nama Ventures, with names like Khwarizmi Ventures sharing a substantial percentage of its portfolio. Nama Ventures has team of 3 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Conventional Debt
Portfolio IPOs
Nama Ventures' List of Top Investments
Nama Ventures has a portfolio of 55 companies, including 2 unicorns. Their most notable investments are in Hekouky and Faceki.Their portfolio spans across United States, Saudi Arabia, United Arab Emirates and 9 more locations. They have invested in Enterprise Applications, Consumer, Retail and 22 other sectors, across stages such as Seed, Conventional Debt stages. Here is the list of top investments by Nama Ventures:
1. Twilio
Cloud based omnichannel communication and customer engagement platform. The platform offers a telephony infrastructure web service in the cloud, allowing web developers to integrate phone calls, text messages, and IP voice communications into the web, mobile, and traditional phone applications. It provides customer data platform that allows users to collect data from different channels, and manage the customer journeys in real time. It caters its solution to industries such as reatil, finance, healthcare, and more.
Key facts about Twilio
- Founded Year: 2008
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $240M
- Employee Count: 7,695 as on Aug 31, 2026
- Investors: TrueBridge, TDM Growth Partners and 40 Others
- Latest Funding Round: Post IPO, Jul 31, 2021, $*****
- Highlight: Public
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2. PAX Labs
Internet-first brand offering cannabis-infused vapor products. It offers multi-category products like cannabis-infused vape, cannabis, and accessories for smoking product
Key facts about PAX Labs
- Founded Year: 2007
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $571M
- Employee Count: 427 as on Aug 31, 2026
- Investors: Oceanic Partners, Fidelity Investments and 28 Others
- Latest Funding Round: Series E, Apr 12, 2019, $*****
- Highlight: Editors' Pick
3. Aumet
Provider of B2B transaction management solutions for healthcare companies. The company offers B2B solutions for manufacturers, distributors, and healthcare providers to help with data exchange and the decision-making process. The product has features for a POS dashboard for transaction management, inventory management, patient engagement management, real-time reporting & forecasting, integration with ERP system, analytics reports of sales, orders & payments, and much more.
Key facts about Aumet
- Founded Year: 2016
- Location: Palo Alto (United States)
- Stage: Series A
- Total Funding till date: $20.3M
- Employee Count: 170 as on Aug 31, 2026
- Investors: Qatar Development Bank, 500 Global and 16 Others
- Latest Funding Round: Series A, May 13, 2026, $*****
- Highlight: Editors' Pick
4. Decentro
Provider of API platform offering banking integration solutions for fintech companies. It is a fintech infrastructure platform providing APIs and SDKs to enable seamless banking integrations and digital payments. The platform offers customizable solutions to help fintech companies launch and scale their financial products.
Key facts about Decentro
5. Calo
Internet first restaurants delivering healthy meals. It allows users to customize plans according to their needs. It dish offers to include a sweet potato bowl, pancake, burger bowl, and more. It also analyzes the nutritional needs through the nutritionist-approved algorithms. The company offers mobile applications for Android and iOS platforms.
Key facts about Calo
- Founded Year: 2019
- Location: Bahrain
- Stage: Series B
- Total Funding till date: $90.5M
- Employee Count: 906 as on May 31, 2026
- Investors: Khwarizmi Ventures, STV and 9 Others
- Latest Funding Round: Series B, Jul 29, 2025, $*****
- Highlight: Editors' Pick
Nama Ventures' Year-on-Year Investment Trends
Nama Ventures has invested in 55 companies over the last 6 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 2 investments. Its most recent first time investment was in Nowlun and most recent follow-on round was in Pieship.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 2 | 2 |
2024 | 3 | 3 | 6 |
2023 | 1 | 2 | 3 |
2022 | 10 | 1 | 11 |
2021 | 9 | 3 | 12 |
2020 | 2 | 0 | 2 |
Nama Ventures' Investments by Stage
Nama Ventures has made 24 investments in Seed stage with an average round size of $4.65M and 1 investment in Conventional Debt stage.Stage of entry | No. of Investments |
|---|---|
Seed | 24 |
Conventional Debt | 1 |
Note: We have considered here, only first round of investments
Nama Ventures' Investments by Sector
Nama Ventures has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, FinTech and Transportation and Logistics Tech. Notably, it has invested in 52 Tech companies, 34 Enterprise (B2B) companies, 26 Software companies and at least 24 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Consumer | 11 |
Enterprise Applications | 9 |
Retail | 8 |
FinTech | 5 |
Transportation and Logistics Tech | 5 |
Others | 21 |
Note: We have considered here, only first round of investments
Nama Ventures' Investments by Geography
Nama Ventures has made most investments in Saudi Arabia (6), followed by Egypt where it has made 4 investments.Country | No. of Investments |
|---|---|
Saudi Arabia | 6 |
Egypt | 4 |
United States | 4 |
Nigeria | 3 |
United Arab Emirates | 3 |
Others | 5 |
Note: We have considered here, only first round of investments
Nama Ventures' recent investments
Nama Ventures has not made any investment in 2026 so far.Here are the most recent investments by Nama Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 17, 2025 | Saudi Arabia | Seed | 3097 | ||
Jan 19, 2025 | Saudi Arabia | Series A | 1428 | [+4] | |
Dec 03, 2024 | Egypt | Seed | 1687 | [+1] | |
Feb 19, 2024 | Saudi Arabia | Seed | 9522 | ||
Feb 07, 2024 | Saudi Arabia | Conventional Debt | 8169 | - |
Unicorns in Nama Ventures' Portfolio
Nama Ventures has 2 unicorns in its portfolio - Tamara and PAX Labs. The most recent unicorn in their portfolio is Tamara. It became a unicorn in 2023, 2 years after Nama Ventures first invested in it.Here is a list of unicorns in Nama Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
65 | Provider of buy-now-pay-later payment solutions | 2020 | Riyadh | Series C | bzxeawr | ||
72 | Internet-first brand offering cannabis-infused vapor products | 2007 | San Francisco | Series E | nbxunva |
IPOs and Publicly Listed companies in Nama Ventures' Portfolio
1 of Nama Ventures' portfolio company became public - Twilio. It got listed on the New York Stock Exchange (NYSE), in Jun 2016 at marketcap of $1.23BHere are Nama Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 23, 2016 | - | - | 8990 |
Acquired companies in Nama Ventures' Portfolio
4 companies from Nama Ventures' portfolio have been acquired. The most recent acquisition was Brev in Jul 2024 by Nvidia for $*****.Here are Nama Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 17, 2024 | Jun 23, 2022 | Seed | 3914 | |
Nov 19, 2018 | - | - | 7421 | |
Oct 15, 2018 | - | - | 1210 | |
Jan 05, 2016 | - | - | 1352 |
Team profile of Nama Ventures
Nama Ventures has a team of 3 members located in Saudi Arabia. Nama Ventures' team does not sit on the board of any company as of now.Co-investors of Nama Ventures
Over the past 6 years, 111 investors have co-invested in Nama Ventures's portfolio companies. This includes funds and angels.
- Invested before Nama Ventures: Y Combinator, Microtraction and 10 others have invested in rounds before Nama Ventures. There are 2 companies where Y Combinator has invested before Nama Ventures and 1 company where Microtraction has invested before Nama Ventures.
- Top Co-investors of Nama Ventures: 45 investors entered a company along with Nama Ventures. These include investors like Khwarizmi Ventures (2 companies).
- Invested after Nama Ventures: A total of 54 investors have invested in Nama Ventures's portfolio after their investments. Top Investors include Raed Ventures (2 companies), Rajhi Invest (1 company) and AlJazira Capital (1 company).
Recent News related to Nama Ventures
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Nama Ventures Receives CMA Approval to Launch Investment Management Operations in Saudi ArabiaAfrica Business Communities•May 09, 2025•Nama Ventures
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PIESHIP raised $2.1 M Seed funding from Nama VenturesIncubees•Feb 17, 2025•Pieship, Nama Ventures, Seedra Ventures
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Rize Closes Series A Investment Round of (USD 35 million) SAR 132 MillionentARABI•Jan 19, 2025•Rize, Raed Ventures, Seedra Ventures, Joa Capital and 7 others
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Nowlun Secures $1.7 Million in Seed Funding to Accelerate Growth and Enhance Logistics PlatformTech In Africa•Jan 17, 2025•Nowlun, Nama Ventures, A15, Sanabil Investments
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Calo raises $25 million to expand its ready-to-eat meal service beyond the Middle Eastesdelatino.com•Dec 30, 2024•Calo, Nuwa Capital, Khwarizmi Ventures, STV and 4 others
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Prio concludes acquisition of participation in the pilgrim fields and ...Terra•Dec 05, 2024•Nama Ventures, Sanabil Investments
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Egypt-based logistics startup Nowlun closes $1.7 million Seed round to fuel its expansion plansTechMoran•Dec 02, 2024•Nowlun, Nama Ventures, A15, Sanabil Investments and 1 other
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Nvidia Acquires AI Platform Brev.dev From Saudi-Based VC Nama VenturesStartup Scene•Aug 06, 2024•Nama Ventures, Nvidia, Brev
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Saudi’s Pieship Bags Undisclosed Pre-Seed RoundStartupNews•Feb 20, 2024•Pieship, Seedra Ventures, Nama Ventures
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Saudi’s Rize closes $2.9M in seed round. 2 other stories and a triviaThe Paradise News•Feb 07, 2024•Rize, Seedra Ventures, HALA Ventures, Joa Capital and 5 others
