Omani venture capital firm Cyfr Capital, in collaboration with the Oman Future Fund, has announced five new investments from its Seed Fund. The diverse cohort, which includes startups from Oman, Egypt, and the UAE, spans key technology sectors including Artificial Intelligence, Biotechnology, and Fintech, underscoring the fund’s commitment to building a regional innovation-based economy.
By The Numbers
- New Investments: 5
- Fund: Seed Fund
- Key Partner: Oman Future Fund
- Sectors: AI, Biotech, Fintech, Deep Tech, On-Demand Services
A Diverse Portfolio Targeting Key Sectors
The latest investments reflect a clear strategy to back high-impact, technology-driven companies that are addressing critical needs in the region. The addition of these five startups strengthens Cyfr Capital’s portfolio and highlights its focus on fostering deep-tech and innovative ventures.
Meet the New Portfolio Companies
The five startups joining the Cyfr Capital portfolio are:
- Firdous Biotech (Oman): A biotechnology research startup pioneering sustainable solutions for the agriculture and marine industries, including next-generation organic biostimulants and eco-friendly antifouling technologies.
- AFAQ AI (Oman): A premier AI solutions provider that delivers tailored, high-ROI artificial intelligence applications for the Private Equity, Banking, and Taxation sectors.
- Cassbana (Egypt): A fintech company building financial identities for underserved communities in Egypt through micro-lending and a proprietary behavior-based credit scoring system.
- National Rocks (Oman): A tech-driven geological consultancy specializing in providing innovative geophysical, geological, and drilling services for the mining industry.
- Helpdesk (UAE): A human-powered, on-demand platform that connects users with live, local experts for real-time help on everyday problems via video or voice calls.
About Cyfr Capital
Cyfr Capital is a Muscat-based venture capital firm that backs category-defining startups and exceptional founders, with a focus on enterprise software in Oman and beyond. The firm leverages its global network and operative expertise to catalyze growth for its portfolio companies.
Looking Ahead
Cyfr Capital’s latest investments, made in a strategic partnership with the Oman Future Fund, signal a significant boost for the local and regional startup ecosystem. By deploying capital into a diverse range of deep-tech and innovative companies, the fund is not only fostering entrepreneurship but also actively building the foundations for a more technologically advanced and diversified economy.
Source: Cyfr Capital
