Oman-based venture capital firm Cyfr Capital has officially announced the completion of five new investments deployed from its Seed Fund. These strategic investments were executed in collaboration with Future Fund Oman, reinforcing the firm’s ongoing commitment to supporting local innovation and empowering promising startups within the region’s rapidly growing tech ecosystem.
Empowering Diverse Sectors Across Oman
The latest cohort of backed companies spans multiple high-growth industries, highlighting a dedicated strategy to diversify and strengthen the local startup landscape. The five innovative startups joining the Seed Fund portfolio are:
- Sooq Cars: A premier platform operating in Oman and the broader Gulf region dedicated to automotive trading. The platform bridges the gap between buyers and sellers by offering comprehensive services that include ready-made car sales, vehicle imports, spare parts, and leasing options, successfully serving a base of over one million users.
- iO Eats: A dynamic food delivery application actively operating in Muscat. The platform operates on a model supported by cloud kitchens distributed across six strategic locations, uniquely enabling users to order from more than 30 different restaurants in a single digital basket without facing any additional fees.
- Darrbak: A leading application designed for discovering and booking unique tourism and local experiences across Oman. The platform currently features over 260 distinct experiences, encompassing sports and nature adventures as well as arts and culture, all supplied by 76 local providers with seamless instant booking tools.
- Decoil: A deep-tech enterprise solution that enables companies to untangle unstructured data and transform it into actionable, executable intelligence. Decoil leverages advanced artificial intelligence solutions to translate raw data into clear, strategic insights that drive growth and institutional innovation.
- PACK’N: A specialized B2B company focused on supporting the food and beverage sector in Oman by providing customized packaging and smart inventory solutions. The startup directly assists commercial brands in optimizing their daily operations, minimizing overhead costs, and significantly elevating the end-customer experience.
About Cyfr Capital
Cyfr Capital is a venture capital firm with a core mission of democratizing access to top-tier venture capital. Based in Oman, the firm focuses on backing category-defining startups and exceptional founders, with a particular emphasis on the enterprise software sector within the Sultanate and beyond.
Source: Cyfr Capital LinkedIn Post
