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Arab Angel Fund (AAF) operates as an early-stage venture capital firm, specializing in Seed and Series A investment rounds. The firm provides strategic capital and operational guidance, uniquely positioning its portfolio companies for international expansion. Its core capability lies in offering unprecedented access and support for market entry into the Gulf Cooperation Council, the broader Middle East & North Africa region, and Western Asia, fostering growth in these strategic markets.
AAF Management Ltd. was co-founded in 2016 by Omar Darwazah and Kyle Hendrick. Their insight stemmed from recognizing a significant opportunity to bridge promising technology ventures with the burgeoning markets of the GCC and MENA regions. The founders established AAF to leverage their collective expertise and network, facilitating a smoother and more effective path for startups seeking to scale globally through regional expansion.
The firm primarily serves entrepreneurs and early-stage companies poised for international growth, particularly those targeting the Middle Eastern landscape. Arab Angel Fund's vision is centered on becoming a vital conduit, empowering world-class entrepreneurs by providing not just investment but also strategic market access and localized support to ensure their sustained success and impact within these dynamic regions.
Arab Angels has 2 tracked investments across 2 companies. The latest tracked deal is $41.0M Series B in BlockApps in April 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 1, 2022 | BlockApps | $41.0M Series B | Murtaza Akbar | Morgan Creek Capital Management, Bloccelerate, ConsenSys, Eidetic Ventures, Fitz Gate Ventures, Givic, Kenetic Capital, Xavier Segura, Propel(x) |
| Jan 1, 2018 | Engine by MoneyLion | $3.0M Series A | — | Acrew Capital, ACT ONE Ventures, Alumni Ventures, American Express Ventures, Bain Capital Ventures, Bond, Company Capital, Homebrew, IA Ventures, Inspired Capital, Moderne Ventures, Precursor Ventures, Sequoia Capital, The General Partnership, Vamos Ventures, Emanuel Pleitez, Harshul Sanghi, Plug And Play Ventures |