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Spade Ventures operates as an angel syndicate, strategically investing in early-stage technology startups across the Middle East, North Africa, and Pakistan. The syndicate facilitates investment opportunities by leveraging its expertise and extensive network for meticulous deal sourcing and due diligence. It democratizes the investment process, enabling individual investors to participate directly in carefully curated ventures, typically through UK-based special purpose vehicles.
The firm was founded in 2019 by Loulou Khazen Baz, an experienced entrepreneur who previously established Nabbesh, the region's pioneering freelance marketplace. Her deep understanding of the regional startup ecosystem and the nascent investment landscape informed the creation of Spade Ventures, addressing a clear need for structured early-stage capital and investor access within MENAP.
Spade Ventures serves a dual clientele: high-net-worth individuals and professionals seeking exposure to promising tech ventures, and the startups themselves. The syndicate provides capital and actively supports its portfolio companies with strategic guidance and network introductions. Its long-term vision is to be a cornerstone for developing the early-stage technology sector across MENAP, nurturing innovation and fostering a robust entrepreneurial environment.
Spade Ventures has 1 tracked investment across 1 company. The latest tracked deal is $10.5M Seed in Kaso in July 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 22, 2023 | Kaso | $10.5M Seed | — | BY VP, Cyfr Capital, Derayah Ventures, Global Founders Capital, ALI Abussaud, MSA Capital, Pioneer Fund, Haitham AL Foraih, Vulpes |