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Incubator/Accelerator
FINANCE | Investment Firms & Funds
otf.om

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Investments

36

Portfolio Exits

1

About Oman Technology Fund

Oman Technology Fund is a hub for national and international entrepreneurs. It also invests in related incubator, accelerator, and global VC programs. The main objective of its incubation program is to support and accelerate the successful development of angel or start up companies by providing entrepreneurs with an array of services, including 3 months training program, mentorship, and funding.

Headquarters Location

Knowledge Oasis Muscat Seeb

Muscat, 135,

Oman

99631198

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Oman Technology Fund Web Traffic

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Page Views per Million (PVPM)
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Oman Technology Fund Rank

Latest Oman Technology Fund News

Oman Technology Fund to invest $1mn in new startups

May 8, 2022

Oman Technology Fund to invest $1mn in new startups Oman Oman Technology Fund to invest $1mn in new startups Oman Technology Fund (OTF) has pledged to offer $1 million in funding support for new startups as part of a ‘Pitch Battle’ contest to be held during the upcoming COMEX technology show. OTF is a state-backed fund specializing in investing in startups and innovative as well as creative ideas in the IT sector in the Sultanate of Oman and the Middle East and North Africa (MENA) region. An agreement to this effect was signed by Dr. Yousef bin Abdullah al Balushi, Acting CEO of OTF, and Mr. Amr bin Abdullah Baabood, CEO of OITE, organizer of COMEX 2022. The 31st edition of COMEX, the official technology event of the Sultanate of Oman, will take place from May 23 to 25 at the Oman Convention and Exhibition Centre, Muscat. This event is one of the leading exhibitions to highlight the digital transformation of ministries, authorities, and companies by showcasing their achievements and opportunities for innovation in technology and their steps towards Oman Vision 2040. According to the statement, “The expo provides the most engaging and networking platform for youth talent development leaders, learning heads, human resources and business leaders to bridge the gaps and find solutions in several areas of the digital ecosystem, such as AI,

Oman Technology Fund Investments

36 Investments

Oman Technology Fund has made 36 investments. Their latest investment was in Elevatus as part of their Series A on September 9, 2022.

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Oman Technology Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/21/2022

Series A

Elevatus

$10.5M

Yes

6

6/14/2022

Series A

dastgyr

$15M

Yes

6

6/8/2022

Series B

Nymcard

$22.5M

No

2

3/21/2022

Series A

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$99M

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10

3/9/2022

Seed VC - II

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$99M

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10

Date

9/21/2022

6/14/2022

6/8/2022

3/21/2022

3/9/2022

Round

Series A

Series A

Series B

Series A

Seed VC - II

Company

Elevatus

dastgyr

Nymcard

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Amount

$10.5M

$15M

$22.5M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

6

6

2

10

10

Oman Technology Fund Portfolio Exits

1 Portfolio Exit

Oman Technology Fund has 1 portfolio exit. Their latest portfolio exit was Swvl on March 31, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/31/2022

Reverse Merger

$99M

9

Date

3/31/2022

Exit

Reverse Merger

Companies

Valuation

$99M

Acquirer

Sources

9

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