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§ Venture Capital · Dubai, Dubai, United Arab Emirates
Venture capital fund investing in mid-stage, disruptive North American enterprise technology, shari'ah-compliant.
GII Tech Ventures is a venture capital fund based in Luxembourg providing Shari'ah compliant investments to mid-stage North American enterprise technology companies. The firm targets emerging software and connected worker platforms demonstrating proven products, strong customer validation, unique competitive positioning, and clear exit strategies. Operating as a subsidiary of Gulf Islamic Investments, which was founded in 2014 by Pankaj Gupta and Mohammed Al Hassan, the fund leverages Silicon Valley veterans to facilitate international market penetration. The parent organization manages a portfolio with over three and a half billion dollars in assets, alongside five and a half billion dollars in secured debt and over one and a half billion dollars in equity. Highlighting its focus on disruptive enterprise solutions, the fund acquired an eleven percent equity stake in the Canadian wearable biometric authentication company Nymi during May 2017.
GII Tech Ventures has 2 tracked investments across 2 companies. The latest tracked deal is $15.0M Series B in Nymi in May 2017.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 1, 2017 | Nymi | $15.0M Series B | GII Tech Ventures | Battery Ventures, Ignition Partners, Propeller VC, Relay Ventures, S3 Ventures |
| Mar 9, 2016 | Valencell | $11.0M Series D | GII Tech Ventures | TDF Ventures, WSJ Joshua Fund |