About Sukna Ventures
Sukna Ventures is a venture capital firm founded in 2012. It is primarily based out of Riyadh, Saudi Arabia. As of Sep 2025, Sukna Ventures is an active investor, having invested in 31 companies, with 3 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it participated in the $***** Series B round of Onclarity Overall, Sukna Ventures portfolio has seen 5 acquisitions including key companies like Ready Player Me, InfiniLink and Loco. A lot of funds co-invest with Sukna Ventures, with names like Prosus sharing a substantial percentage of its portfolio. Sukna Ventures has team of 15 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Sukna Ventures' List of Top Investments
Sukna Ventures has a portfolio of 31 companies. Their most notable investmentis in InfiniLinkTheir portfolio spans across United States, Saudi Arabia, United Arab Emirates and 7 more locations. They have invested in Enterprise Applications, High Tech, FinTech and 17 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Sukna Ventures:
1. Betterment
Betterment is an app-based automated investment and retirement planning platform. It provides tools for spending, saving, and developing customised plans for the future. Users focus on investing in ETFs and cash reserves for long-term financial goals. the app is available for Android and iOS platform.
Key facts about Betterment
- Founded Year: 2010
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $335M
- Employee Count: 626 as on Mar 31, 2026
- Investors: SeedFord Partners, Glean Management and 42 Others
- Latest Funding Round: Conventional Debt, Sep 29, 2021, $*****
- Highlight: Editors' Pick
2. Clarity AI
Provider of AI-powered sustainability data and solutions. It offers tools for sustainability and compliance, covering climate scenario analysis, carbon footprint calculation, ESG risk assessment, and regulatory reporting. The platform integrates into existing workflows via API or web app, providing customizable solutions for various sustainability use cases. Its technology leverages machine learning to analyze extensive data points, ensuring reliable and transparent results. Methodologies are scientifically-based and supported by a team of sustainability and data science experts. The platform offers access to granular data and methodologies, enabling efficient assessment, analysis, and reporting on sustainability performance.
Key facts about Clarity AI
- Founded Year: 2017
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $117M
- Employee Count: 348 as on Mar 31, 2026
- Investors: BlackRock, SoftBank Vision Fund and 19 Others
- Latest Funding Round: Series B, Sep 2025, $*****
- Highlight: Editors' Pick
3. Mozn
Artificial Intelligence solutions to empower enterprises in making critical decisions. It harnesses the power of Artificial Intelligence to innovate and build products and solutions for the advancement of digital humanity. As the threat and complexity of money laundering and fraud escalates, it leverages AI to protect orgaizations and their customers from risk. Helps some of the largest organizations solve their problems and challenges, through advanced analytics, machine learning and other autonomous algorithms.
Key facts about Mozn
- Founded Year: 2017
- Location: Riyadh (Saudi Arabia)
- Stage: Series A
- Total Funding till date: $10M
- Investors: NOMD, VentureSouq and 3 Others
- Latest Funding Round: Series A, Feb 04, 2022, $*****
- Highlight: Editors' Pick
Provider of AI-powered 3D avatar modeling tools for the metaverse. It develops a cross-platform avatar creation tool for games and VR applications. It uses deep learning technology and provides an SDK that allows users to create their avatars from selfies and customize them. It supports integration with third-party software and websites.
Key facts about Ready Player Me
- Founded Year: 2020
- Location: Tallinn (Estonia)
- Annual Revenue: €487K as on Dec 31, 2023
- Stage: Acquired
- Total Funding till date: $69M
- Employee Count: 29 as on Sep 30, 2024
- Investors: Samsung NEXT, Trind VC and 35 Others
- Latest Funding Round: Series B, Aug 23, 2022, $*****
- Highlight: Acquired
5. OCTA
Provider of an automated account receivables and reporting solutions for startups. The platform features A/R management, automated payment solutions, collection workflow, dashboard & analytics, and more.
Key facts about OCTA
- Founded Year: 2024
- Location: Abu Dhabi (United Arab Emirates)
- Stage: Seed
- Total Funding till date: $2.25M
- Investors: Quona, 500 Global and 5 Others
- Latest Funding Round: Conventional Debt, Jun 19, 2025, $*****
Sukna Ventures' Year-on-Year Investment Trends
Sukna Ventures has invested in 31 companies over the last 6 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 5 investments. Its most recent first time investment was in Onclarity and most recent follow-on round was in OCTA.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 4 | 1 | 5 |
2024 | 2 | 0 | 2 |
2023 | 0 | 0 | 0 |
2022 | 4 | 0 | 4 |
2021 | 0 | 2 | 2 |
2020 | 1 | 0 | 1 |
Sukna Ventures' Investments by Stage
Sukna Ventures has made 6 investments in Seed stage with an average round size of $5.06M, 3 investments in Series A stage with an average round size of $17.5M and 2 investments in Series B stage with an average round size of $12.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 6 |
Series A | 3 |
Series B | 2 |
Note: We have considered here, only first round of investments
Sukna Ventures' Investments by Sector
Sukna Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Financial Services, High Tech and Vertical SaaS. Notably, it has invested in 22 Tech companies, 18 Enterprise (B2B) companies, 15 Software companies and at least 8 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 6 |
FinTech | 5 |
Financial Services | 2 |
High Tech | 2 |
Vertical SaaS | 2 |
Others | 10 |
Note: We have considered here, only first round of investments
Sukna Ventures' Investments by Geography
Sukna Ventures has made most investments in United States (4), followed by Saudi Arabia where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 4 |
Saudi Arabia | 2 |
United Arab Emirates | 2 |
Egypt | 1 |
Iceland | 1 |
Note: We have considered here, only first round of investments
Sukna Ventures' recent investments
Sukna Ventures has not made any investment in 2026 so far.Here are the most recent investments by Sukna Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 15, 2025 | - | Series B | 3974 | [+7] | |
Sep 2025 | United States | Series B | 3845 | [+7] | |
Jul 22, 2025 | United States | Seed | 6783 | [+4] | |
Jun 19, 2025 | United Arab Emirates | Conventional Debt | 6402 | - | |
Apr 02, 2025 | Egypt | Seed | 1695 | [+1] |
Acquired companies in Sukna Ventures' Portfolio
5 companies from Sukna Ventures' portfolio have been acquired. The most recent acquisition were Ready Player Me in Dec 2025 by Netflix.Here are Sukna Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 23, 2025 | - | - | 3830 | |
Dec 03, 2025 | Apr 02, 2025 | Seed | 6650 | |
Sep 26, 2024 | - | - | 8701 | |
Jan 24, 2024 | - | - | 3867 | |
Aug 15, 2022 | - | - | 7493 |
Team profile of Sukna Ventures
Sukna Ventures has a team of 15 members including 2 Partners and 1 Principal located in Saudi Arabia. Sukna Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Sukna Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Saudi Arabia | - | - | |
Partner | Saudi Arabia | - | ||
Principal | Riyadh | - |
Co-investors of Sukna Ventures
Over the past 6 years, 67 investors have co-invested in Sukna Ventures's portfolio companies. This includes funds and angels.
- Invested before Sukna Ventures: SoftBank Vision Fund, BlackRock and 20 others have invested in rounds before Sukna Ventures. There is 1 company where SoftBank Vision Fund has invested before Sukna Ventures and 1 company where BlackRock has invested before Sukna Ventures.
- Top Co-investors of Sukna Ventures: 44 investors entered a company along with Sukna Ventures. These include investors like Prosus (2 companies).
- Invested after Sukna Ventures: March Holding (1 company) is the only investor which has invested in Sukna Ventures's portfolio after their investments.
Recent News related to Sukna Ventures
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UK Safe AI Clarity Raises €11.2 Million for Customer ExperienceFrenchWeb•Sep 23, 2025•Sukna Ventures, Prosus, Clarity AI, STV and 2 others
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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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Flend Secures $3 Million Seed Funding to Expand Digital SME Lending in EgyptTechgist Africa•Aug 04, 2025•Flend, Plus VC, Sukna Ventures, Camel Ventures and 2 others
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Flend raises $3M seed to digitally transform SME lending in EgyptInnovation-village•Jul 22, 2025•Flend, Egypt Ventures, Camel Ventures, Sukna Ventures and 3 others
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Flend Secures $3M Seed Funding to Expand Digital SME Finance in EgyptMEA Tech Watch•Jul 22, 2025•Flend, Egypt Ventures, Camel Ventures, Sukna Ventures and 1 other
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Sukna Capital launches Saudi's first open-ended direct lending fund for SMEs and startupsGulf Business•Jul 14, 2025•Sukna Ventures, STV
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Octa Secures $20 Million for Working Capital to Saudi SMEsCairoScene•Jun 19, 2025•OCTA, Sukna Ventures, Quona, 500 Global and 1 other
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A Bold Investment Technique InfiniLink Secures $10 Million Seed Funding Led by MediaTekentarabi.com•Apr 01, 2025•InfiniLink, MediaTek, Sukna Ventures, Egypt Ventures and 1 other
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InfiniLink gets $10M to build optical engines for next-gen AI data centers.CIO Influence•Apr 01, 2025•Infinilink, MediaTek, Sukna Ventures, Egypt Ventures and 2 others
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UAE’s OCTA raises $2.25 million pre-SeedWamda•Oct 10, 2024•OCTA, Quona, Sukna Ventures, Plus VC and 2 others
