About Phaze Ventures
Phaze Ventures is a venture capital firm founded in 2018. It is primarily based out of Muscat, Oman. As of Jun 2026, Phaze Ventures is an active investor, having invested in 24 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 High Tech and Consumer. Most recently it participated in the $***** Seed round of Metal Overall, Phaze Ventures portfolio has seen 1 unicorn and 2 acquisitions, namely Kavak and Cyber Owl. A lot of funds co-invest with Phaze Ventures, with names like Wamda Capital sharing a substantial percentage of its portfolio. Phaze Ventures has team of 10 people including 3 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Portfolio Unicorns
Phaze Ventures' List of Top Investments
Phaze Ventures has a portfolio of 24 companies, one of which is a Unicorn. Their most notable investments are in SpotLight and Voyager.Their portfolio spans across Oman, United States, Canada and 4 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 17 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Phaze Ventures:1. Kavak
Online retailer of certified pre-owned vehicles with financing and services. The business provides a platform for buying, selling, and managing pre-owned cars. It offers certified vehicles and aims to formalize the used car market. The company provides after-sales services and financing options to customers.
Key facts about Kavak
- Founded Year: 2016
- Location: Lerma de Villada (Mexico)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $1.85B
- Employee Count: 2,500 as on Apr 30, 2021
- Investors: Allen & Company, Goldman Sachs and 32 Others
- Latest Funding Round: Series F, Feb 17, 2026, $*****
- Highlight: Editors' Pick
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2. Tarjama
Provider of language translation, localization, and digital communication solutions. They offer services including content creation, copywriting, and social media management. The company utilizes technology to optimize workflows and enhance accuracy. They deliver language services tailored to specific needs.
Key facts about Tarjama
- Founded Year: 2008
- Location: Dubai (United Arab Emirates)
- Stage: Series A
- Total Funding till date: $20M
- Employee Count: 396 as on Aug 31, 2026
- Investors: Wamda Capital, Golden Gate Ventures and 6 Others
- Latest Funding Round: Series A, May 20, 2025, $*****
3. Sully
Provider of an AI-powered document management software for doctors. It offers several features, including an automated scribe that transcribes and takes notes autonomously in every appointment, and an automated patient check-in with customized AI-generated questions based on each patient's history.
Key facts about Sully
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $34.8M
- Employee Count: 70 as on Aug 31, 2026
- Investors: Y Combinator, Phaze Ventures and 3 Others
- Latest Funding Round: Series A, Jan 09, 2025, $*****
- Highlight: Editors' Pick
4. Boardy
Provider of an AI platform connecting professionals to various opportunities. It facilitates connections between professionals and potential customers, investors, and talent. The platform gathers user information through forms to tailor these connections. It also offers resources such as explainer videos.
Key facts about Boardy
- Founded Year: 2024
- Location: Toronto (Canada)
- Stage: Seed
- Total Funding till date: $11M
- Employee Count: 1,252 as on Aug 31, 2026
- Investors: Golden Ventures, Creandum and 11 Others
- Latest Funding Round: Seed, Jan 14, 2025, $*****
5. Qeen
Developer of AI-powered solutions for e-commerce conversion, revenue, and experience. The company offers plug-and-play products that generate dynamic content with localization. It provides a growth marketing agent for campaign orchestration and a conversational agent to assist customers. The company also offers a merchandizing agent that delivers actionable insights.
Key facts about Qeen
- Founded Year: 2023
- Location: Dubai (United Arab Emirates)
- Stage: Seed
- Total Funding till date: $12.2M
- Employee Count: 43 as on Aug 31, 2026
- Investors: Prosus, PROSPER and 7 Others
- Latest Funding Round: Seed, Feb 04, 2025, $*****
- Highlight: Editors' Pick
Phaze Ventures' Year-on-Year Investment Trends
Phaze Ventures has invested in 24 companies over the last 7 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 2 investments, while as of Jun 2026, it has made 2 investments in this year. Its most recent first time investment was in Metal and most recent follow-on round was in eMushrif.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 1 | 2 |
2025 | 2 | 0 | 2 |
2024 | 1 | 0 | 1 |
2023 | 1 | 0 | 1 |
2022 | 1 | 0 | 1 |
2021 | 1 | 1 | 2 |
2020 | 1 | 1 | 2 |
2019 | 4 | 0 | 4 |
Phaze Ventures' Investments by Stage
Phaze Ventures has made 8 investments in Seed stage with an average round size of $2.34M, 3 investments in Series A stage with an average round size of $8.2M and 1 investment in Series B stage with an average round size of $13.2M.Stage of entry | No. of Investments |
|---|---|
Seed | 8 |
Series A | 3 |
Series B | 1 |
Note: We have considered here, only first round of investments
Phaze Ventures' Investments by Sector
Phaze Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Aerospace, Maritime and Defense Tech, Energy Tech and Auto Tech. Notably, it has invested in 20 Tech companies, 17 Enterprise (B2B) companies, 13 Software companies and at least 6 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 6 |
Consumer | 3 |
Aerospace, Maritime and Defense Tech | 2 |
Energy Tech | 2 |
Auto Tech | 1 |
Others | 11 |
Note: We have considered here, only first round of investments
Phaze Ventures' Investments by Geography
Phaze Ventures has made most investments in United Arab Emirates (3), followed by United States where it has made 3 investments.Country | No. of Investments |
|---|---|
United Arab Emirates | 3 |
United States | 3 |
Oman | 2 |
Canada | 1 |
France | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Phaze Ventures' recent investments
Phaze Ventures has made 2 investments in 2026 so far - Metal and eMushrif.Here are the most recent investments by Phaze Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 20, 2026 | United States | Seed | 3422 | [+6] | |
Jan 12, 2026 | Oman | Series B | 8047 | [+3] | |
Sep 15, 2025 | - | Series B | 1570 | [+7] | |
May 20, 2025 | United Arab Emirates | Series A | 8944 | [+4] | |
Jun 06, 2024 | United Arab Emirates | Seed | 6585 | [+5] |
Unicorns in Phaze Ventures' Portfolio
Phaze Ventures has 1 unicorn in its portfolio - Kavak. The most recent unicorn in their portfolio is Kavak which became a unicorn in 2020, 5 years before Phaze Ventures first invested in it.Here is a list of unicorns in Phaze Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
79 | Online retailer of certified pre-owned vehicles with financing and services | 2016 | Lerma de Villada | Series F | ursjkke |
Acquired companies in Phaze Ventures' Portfolio
2 companies from Phaze Ventures' portfolio have been acquired. The most recent acquisition was Cyber Owl in Oct 2024 by DNV for $*****.Here are Phaze Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 02, 2024 | Sep 27, 2022 | Series A | 6938 | |
May 29, 2022 | Dec 15, 2021 | Seed | 4105 |
Team profile of Phaze Ventures
Phaze Ventures has a team of 10 members including 3 Partners and 1 Principal located in Oman and United Arab Emirates. Phaze Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Phaze Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Dubai | - | ||
Partner | Muscat | - | - | |
Partner | Oman | - | - | |
Principal | Oman | - | - |
Co-investors of Phaze Ventures
Over the past 7 years, 50 investors have co-invested in Phaze Ventures's portfolio companies. This includes funds and angels.
- Invested before Phaze Ventures: Amethis, Anova Investment and 4 others have invested in rounds before Phaze Ventures. There is 1 company where Amethis has invested before Phaze Ventures and 1 company where Anova Investment has invested before Phaze Ventures.
- Top Co-investors of Phaze Ventures: 35 investors entered a company along with Phaze Ventures. These include investors like Wamda Capital (3 companies).
- Invested after Phaze Ventures: A total of 9 investors have invested in Phaze Ventures's portfolio after their investments. Top Investors include Prosus (1 company), ScOp Venture Capital (1 company) and Flexport (1 company).
Recent News related to Phaze Ventures
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Clarity Secures $12M Funding to Expand AI Teams for Customer Experience PlatformMrWeb•Sep 16, 2025•Prosus, STV, Neo, Oraseya Capital and 8 others
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UAE's Tarjama Secures $15M in Series A FundingCairoScene•May 23, 2025•Tarjama, Global Ventures, Wamda Capital, Phaze Ventures and 3 others
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Tarjama Secures $15M in Series A FundingStartup Scene•May 23, 2025•Tarjama, Global Ventures, Wamda Capital, Phaze Ventures and 3 others
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Ukrainian VC Fund Invests $15M in Dubai-Based AI CompanyAin•May 23, 2025•TA Ventures, Tarjama, Wamda Capital, Phaze Ventures and 2 others
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UAE-based Tarjama raises $15m series A to scale Arabic.AITech in Asia•May 21, 2025•Tarjama, Global Ventures, Wamda Capital, TA Ventures and 3 others
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Dubai’s Tarjama raises $15 million to scale Arabic AI foundation model and agentic platformMENAbytes•May 21, 2025•Tarjama, Global Ventures, Wamda Capital, TA Ventures and 2 others
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qeen.ai raised $2.2 M Pre-seed funding from Wamda CapitalIncubees•Jun 06, 2024•Wamda Capital, Jabbar, Phaze Ventures, Eurekasweepers and 4 others
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Emerald marks first foray into carbon capture and storage with investment into SpotLightEmerald Technology Ventures•Aug 21, 2023•Emerald Technology Ventures, SpotLight, Industrya, Nabtesco Technology Ventures and 3 others
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Phaze Ventures, Microsoft enhance ties to support Oman startupsTrade Arabia•Jun 14, 2022•Microsoft, Phaze Ventures
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Voyager Portal Raises $8.4M in Series A FundingFinSMEs•Dec 02, 2021•Voyager, Phaze Ventures, ScOp Venture Capital, Flexport and 1 other
