Founded in 2015, Phoenician Funds, part of More Capital Group, is at the heart of thriving capitals of digital innovation and startup ecosystems in the Middle East and North Africa Region. We are seasoned advisors, devoted problem solvers and serial entrepreneurs, who share a passion for technology and proactively seek opportunities in sectors that are ripe for disruption. Our team actively supports founders to co-shape successful ventures in the early stages of investment, and create value across the investment life-cycle. We provide strategic guidance, market access and insights, linkages to proprietary networks as well as proven execution capabilities to drive long-term success of our portfolio companies. The team launched Phoenician Fund I (“PF I”) in 2016, which primarily focuses on seed and early stage companies operating in Fintech and other attractive sectors in MENA.


Visionary, fully dedicated
and passionate founding team

Innovative, disruptive
and scalable product

Technology Related Startups
Large addressable market
with potential for growth

Technology Related Startups
Differentiated value proposition
addressing prevalent needs


Advisors and Investment Committee



Join us to support female entrepreneurial teams at WTSUP!
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Four Phoenician portfolio companies in the Forbes top 100 startups in Middle East 2018
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Synkers and Seez finalists in Techcrunch MENA Startup battlefield
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In conversation with Andrew Kabrit of Seez featured on Wamda
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Seez raises A $1Mn Seed extension round
The recent capital raise will allow Seez to expand geographically and launch additional product lines to further optimize the car
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Jad Salame on SmarTalk
Founder and Managing Partner Jad Salame discusses Venture Capital and Investments with SmarTalk
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5 FinTech startups to keep on your radar
Portfolio Company Risk+ Solutions featured on the “5 FinTech startups to keep on your radar” by Arabnet
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Shazam For Cars: AI-Powered Seez Wants To Change The Way You Buy Cars
We’ve all been there: asking for recommendations from social circles, relying on online classifieds, and visiting numerous showrooms before we
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4 lessons from a rising Leb VC
When it comes to VCs on the Lebanese scene, Phoenician Funds is the new kid on the block.
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The Future is Fintech
Despite the challenges they face, fintech startups continue to innovate and disrupt the way we lend and borrow money, pay
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The Role of Banks in Fintech
While regional governments have started to welcome the rise of fintech, established financial institutions operating in the region view it
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$100M invested in MENA fintech
Fintech startups in MENA have raised over $100 million in funding in the last 10 years, and a new report
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