Startup Intelligence Platform
Palm Ventures is a Saudi Arabian venture capital firm that focuses on early-stage technology startups, primarily in the MENA region. Established in 2014 as a business unit under a consultancy firm, it has supported over 25 founders and startups, assisting various government institutions in fulfilling their innovation-commercialization mandates. In 2021, Palm Ventures evolved into a standalone company, bringing together over 30 investors and advisors, including CEOs of top corporations, serial entrepreneurs, and investment experts. The firm aims to establish itself as a top-tier, enduring venture capital firm poised to seize opportunities in the MENA region and beyond. Palm Ventures has made 17 direct investments in the MENA region, achieving a 41% internal rate of return (IRR) and doubling its investments in two years. The firm also launched a mini-fund for four US-based AI startups in partnership with Cartography Capital, with plans to invest in 40 deals across the MENA region and opportunistically elsewhere. Their portfolio includes companies like Erad, Rain, InstaConsult, MyBenefits, FIFOPlus, Nearpay, Saee, iRama, EVM, KOINZ, 6Bees, Nifty Souq, and ProFinda. Palm Ventures is committed to supporting innovative entrepreneurs and shaping a brighter tomorrow through unparalleled support and access to a pivotal network.