Iliad Partners

Iliad Partners is a venture capital firm investing in early-stage technology startups, primarily at pre-Series A and Series A stages, with a focus on B2B tech driving digitization in sectors like fintech, logistics, proptech, and edtech, headquartered in Abu Dhabi, United Arab Emirates. The firm completed the second close of its $50 million fund in September 2025, deploying ticket sizes ranging from $1 million to $5 million into promising ventures. It strategically supports business development and growth strategies for companies across the MENA region, aiming to scale them while fostering innovation links with Europe. Its investment thesis emphasizes enterprise software, IT, and e-commerce solutions. Notable portfolio companies include OTO, Penny, Qashio, and Homzmart, with the fund attracting backing from limited partners such as Jada Fund of Funds, a PIF subsidiary, the Olayan Family, and Masarrah Investment Company. Iliad Partners was founded in 2014 by Christos Mastoras and Omar Al-Madhi.