Phaze Ventures
ActiveVenture Capital
Updated: ·
Financial History
Total Raised
N/A
Valuation
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Leadership Team
Key people at Phaze Ventures.
Key people at Phaze Ventures.
Key people at Phaze Ventures.
Phaze Ventures is a pioneering venture capital firm founded in 2018 and headquartered in Oman, recognized as the oldest private VC firm in the country. Its mission is to accelerate the economic transformation of the Gulf region, particularly Oman, by unlocking the potential of youth, startups, and corporates through early-stage investments, strategic partnerships, and corporate consultancy. The firm focuses on Deeptech, Artificial Intelligence (AI), and Web3 sectors, investing primarily in pre-seed to Series A stages across diverse industries including software, renewable energy, fintech, e-commerce, SaaS, IoT, hardware, and delivery & logistics. Phaze Ventures plays a critical role in fostering innovation and scaling startups in the GCC and North American markets, contributing significantly to the post-oil economy transition[1][2][4].
Founded in 2018, Phaze Ventures was established to address the need for a robust venture capital ecosystem in Oman and the broader Gulf Cooperation Council (GCC) region. Key partners have driven its evolution from a regional investor to a global player with a multifaceted approach: direct investments in startups, an accelerator program (SparkLabs Energy) focused on future energy solutions, and a tech training arm aimed at bridging the skills gap between graduates and corporate needs. This comprehensive model supports startups from inception through scaling, with notable portfolio companies such as Clarity (AI-powered customer experience), Tarjama (language technology for Arabic enterprises), and eMushrif (mobility solutions for parents and students)[1][3][4].
Phaze Ventures is riding the global and regional trend of digital transformation and diversification away from oil dependency in the Gulf. The timing is critical as GCC countries, especially Oman, seek to build knowledge-based economies driven by innovation and technology. Market forces such as increasing government support for startups, rising youth entrepreneurship, and global interest in Deeptech and AI create a favorable environment for Phaze Ventures’ model. By investing in frontier technologies and nurturing local talent, the firm influences the broader ecosystem by catalyzing startup growth, attracting international investors, and fostering cross-border economic collaboration[1][2][5].
Looking ahead, Phaze Ventures is poised to deepen its impact by expanding its portfolio in AI, Web3, and renewable energy sectors, leveraging its accelerator and training programs to scale startups more effectively. Trends such as AI democratization, energy transition, and digital finance will likely shape its investment strategy. As the Gulf region continues its economic diversification, Phaze Ventures’ influence is expected to grow, potentially becoming a key bridge between emerging markets and global innovation hubs. Its ongoing role in ecosystem building and strategic partnerships will be crucial in sustaining momentum toward a post-oil economy[1][2][4].
In summary, Phaze Ventures stands out as a transformative venture capital firm that not only invests capital but also actively cultivates the startup ecosystem in Oman and the broader Gulf region, aligning its mission with the region’s strategic economic goals.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 1, 2022 | Angoka | $3.0M Seed | — | 24Haymarket |
| Sep 1, 2022 | CyberOwl | $5.0M Series A | — | 24Haymarket, Business Growth Fund, Jonathan Milner |
| Sep 1, 2022 | Userpilot | $5.0M Seed | — | ScOp Venture Capital, Silicon Badia, Amir Farha, Khalid AlNasser |
| Feb 1, 2022 | Flip CX, Inc. | $8.0M Seed | — | Bonfire Ventures, Bullpen Capital, Craft Ventures, NextView Ventures, NFX, ScOp Venture Capital, Peter Kazanjy |
| Nov 1, 2021 | Voyager Portal | $8.0M Series A | — | Mana Ventures, ScOp Venture Capital, Jaffray Woodriff |
