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§ Venture Capital · Washington, DC, USA
Early-stage VC firm investing in Seed & Series A tech startups, bridging North America to MENA/GCC markets.
Founded in 2016 by Omar Darwazah and Kyle Hendrick, Arab Angel Fund is an early stage venture capital firm headquartered in Washington, DC, investing in Seed and Series A technology startups. The firm provides vital capital and strategic support to North American enterprise software, consumer technology, and fintech companies seeking expansion into the Middle East, North Africa, and Gulf Cooperation Council markets. To execute this cross border strategy, the fund leverages an extensive network of regional advisors and is backed by 65 prominent high net worth individuals and family offices. Following an oversubscribed $25 million inaugural fund, the firm now manages an estimated $150 million in total assets under management. Since its inception, the firm has successfully built a diverse portfolio of over 65 companies, including notable equity investments in Andela, ClassPass, Boom Supersonic, Zola, and FiscalNote.
Key people at Arab Angel Fund.
Arab Angel Fund was founded in 2016 by Kyle Hendrick (Founder & General Partner) and Omar Darwazah (Co-founder, Managing Director and General Partner).
Arab Angel Fund (AAF) is an early-stage venture capital firm that focuses on Seed and Series A investments in startups with high growth potential, primarily targeting the Middle East and North Africa (MENA) region, including the Gulf Cooperation Council (GCC) and Western Asia markets. Its mission is to provide strategic capital and unparalleled access to entrepreneurs aiming to expand internationally, leveraging deep regional expertise and networks. The fund invests across diverse sectors such as Consumer Services (B2C), Fintech, Healthcare Services, SaaS, Software, Education, and Edtech. By supporting startups with international ambitions, AAF plays a critical role in accelerating innovation and scaling emerging companies within the MENA ecosystem[2][3].
Founded with a vision to bridge global entrepreneurial talent with the MENA region’s growing markets, Arab Angel Fund’s leadership comprises former diplomats, international business executives, trade development professionals, investment fund managers, family office investors, and C-suite executives. This diverse and influential team brings extensive connectivity across multiple business verticals, enabling the fund to offer more than just capital—strategic guidance and market access are key pillars of its approach. While the exact founding year is not specified, the fund’s evolution reflects a strategic focus on early-stage ventures with international scalability, responding to the increasing demand for venture capital in the MENA region[2][3][6].
Arab Angel Fund is positioned at the intersection of rising entrepreneurial activity in the MENA region and increasing global investor interest in emerging markets. The fund rides the trend of digital transformation and startup ecosystem maturation in the Middle East, where governments and private sectors are actively fostering innovation hubs. The timing is critical as the MENA region experiences rapid adoption of fintech, healthcare innovation, and digital education solutions, driven by demographic shifts and economic diversification efforts. AAF’s role extends beyond capital provision; it acts as a catalyst for cross-border startup growth, helping to integrate MENA startups into global markets and thus strengthening the regional tech ecosystem[2][3].
Looking ahead, Arab Angel Fund is likely to deepen its focus on startups with scalable international business models, particularly those leveraging technology to solve regional challenges. Trends such as digital finance, healthtech, and edtech will continue to shape its portfolio. As the MENA startup ecosystem matures, AAF’s influence may grow as a key enabler of cross-border expansion and ecosystem connectivity. Its strategic network and sector-agnostic approach position it well to capitalize on emerging opportunities and to help startups transition from regional players to global competitors, reinforcing its pivotal role in the evolving tech landscape of the Middle East and beyond[2][3].
Arab Angel Fund was founded in 2016 by Kyle Hendrick (Founder & General Partner) and Omar Darwazah (Co-founder, Managing Director and General Partner).
Key people at Arab Angel Fund.