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Key people at IDO Investments.
IDO Investments is Oman's first strategic venture capital fund, based in Muscat, Sultanate of Oman, investing in established growth-stage startups delivering disruptive technologies to address challenges both locally and globally. The firm operates with RO50mn (US$130mn) in paid-up capital from its founding partners and typically acquires minority stakes, not exceeding 30%, in its portfolio companies. It targets international innovative companies, Omani growth-stage firms poised for international scaling, and international funds, aiming to foster a knowledge-based economy by connecting startups to its partners' extensive networks. As of 2019, its portfolio comprised 11 investments, including eMushrif, an IoT-enabled bus surveillance solution. Some portfolio companies were reportedly raising subsequent funding and preparing for IPOs as of the same year. IDO Investments was established in 2016 by its founding partners: State General Reserve Fund (SGRF), Omantel, Oman Oil Company (OOC), and The Research Council (TRC).
Key people at IDO Investments.
IDO Investments has 7 tracked investments across 4 companies. The latest tracked deal is $17.0M Series B in Energy Dome in July 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 1, 2023 | Energy Dome | $17.0M Series B | — | 360 Capital Partners, CDP Venture Capital, Startupgym, Unruly Capital, Verve Ventures, Mauro Pretolani, Vopak Ventures |
| Oct 1, 2020 | Congenica | $50.0M Series C | Jess Mccreadie, Ling GE | Future Planet Capital, Jonathan Milner, Parkwalk Advisors, Cambridge Innovation Capital, Downing Ventures, Xeraya Capital |
| Jun 25, 2020 | Polares Medical | $40.0M Series B | Maxwell Bikoff | Decheng Capital, Earlybird Venture Capital, Endeavour Vision, Wellington Partners |
| Jan 7, 2020 | Allurion Technologies | $34.0M Other Equity | Marijn Dekkers, Romulus Capital | — |
| Jan 1, 2020 | Allurion Technologies | $34.0M Series U | Novalis LifeSciences, Romulus Capital | 3one4 Capital, DFJ, Remus Capital |
| Jul 17, 2018 | Polares Medical | $25.0M Other Equity | Nathan Pliam | Earlybird Venture Capital, Endeavour Vision, Wellington Partners |
| Jul 1, 2017 | Allurion Technologies | $27.0M Series C | Krishna K. Gupta | 3one4 Capital, DFJ, Remus Capital |
