ABOUT US

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.

In 2020, the team expanded its activities to the UAE by incorporating Phoenician Invest Ltd. (PIL). PIL was granted a license to conduct the Regulated Activity of “Managing a Collective Investment Fund (Venture Capital Fund Manager)” by Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA). PIL is launching “Phoenician Fund II” (PFII), a VC fund domiciled in ADGM with a mandate to invest primarily in early-stage Fintech Startups.

WHAT WE LOOK FOR


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

Team

Advisors and Investment Committee

Investments

News

When it comes to VCs on the Lebanese scene, Phoenician Funds is the new kid on the block.
Despite the challenges they face, fintech startups continue to innovate and disrupt the way we lend and borrow money, pay
While regional governments have started to welcome the rise of fintech, established financial institutions operating in the region view it
Fintech startups in MENA have raised over $100 million in funding in the last 10 years, and a new report