Iliad Partners Tech Ventures Fund I

Iliad Partners Tech Ventures

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Status

ACTIVE

Global HQ

Dubai, United Arab Emirates

Countries of investment

Saudi Arabia
United Arab Emirates
Greece

Investment stages

Seed
Series A

Industries

Proptech
fintech
logistics tech
B2B software

About
Iliad Partners is a Dubai-based venture capital firm focused on B2B technology across the Middle East. Their focus spans proptech, fintech, logistics tech, and B2B software across Saudi Arabia, United Arab Emirates, and Greece. The firm supports founders from seed through Series A stages.

Min check size: $500K
Max check size: $3M
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Investment Thesis

Iliad Partners is a seed to Series A stage venture capital firm deploying capital across proptech, fintech, logistics tech, and B2B software sectors. They invest as early-stage backers of founders driving the digital transformation of the Middle East economy, prioritizing companies with regional traction and Vision 2030 alignment. The firm differentiates itself as one of the few Middle East venture funds naming proptech as a core vertical, deploying a $50M fund backed by PIF-linked and family-office LPs and backing companies including OTO, Penny, and Qashio.

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Manager's Experience

Founded in 2016 by Christos Mastoras (Founder & Managing Partner, ex-Yahoo Maktoob), with Managing Partner Omar Al-Madhi and Partner Sultan K. Olayan. Based in Dubai (ADGM). Deploys a $50M fund backed by PIF's Jada Fund of Funds, the Olayan family, and Greek family offices. Portfolio includes OTO, Penny, Qashio, and TruKKer. The firm backs early-stage B2B software driving the Middle East's digital transformation.