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Key people at Oryx Fund.
Oryx Fund operates as an investment vehicle providing primary capital to seed-stage technology companies within the Middle East and North Africa. The firm strategically backs promising ventures in high-growth sectors, including finance, healthcare, enterprise solutions, logistics, and education. Its approach fosters innovative technologies and entrepreneurial talent across these dynamic regional markets.
Established in 2021, Oryx Fund was initiated by Salica Investments to capitalize on the nascent MENA technology ecosystem. The fund was formed with the insight that early-stage regional companies require specialized capital and strategic support to scale. A dedicated investment team, including individuals like Ivo Detelinov, guides its focused investment strategy.
Early-stage technology companies across the MENA region are the fund's primary beneficiaries, receiving critical investment to accelerate growth. Oryx Fund aims to develop the next generation of regional technology leaders. Its vision is to significantly contribute to the expansion and maturation of the MENA tech landscape by nurturing pioneering ventures.
Key people at Oryx Fund.
Oryx Fund has 7 tracked investments across 7 companies. The latest tracked deal is $5.0M Seed in Qureos in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 4, 2026 | Qureos | $5.0M Seed | Oryx Fund, Prosus Ventures, Salica | BDEV Ventures, COTU Ventures, DAN Tyre, Flat6Labs, Globivest, Oraseya Capital, Plus VC, Sunny Side Venture Partners, DAN Tyre, F6 Ventures, Plus Venture Capital |
| Aug 1, 2025 | Holo | $22.0M Series A | Basmah Alsinaidi | Hambro Perks, Plus Venture Capital, ANB Seed, Dubai Future District Fund, Morethan Capital, Turk Aljoaib |
| Jun 1, 2025 | Qanooni | $2.0M Seed | — | Gamegroove Capital, Geek Ventures, TA Ventures, Village Global |
| May 28, 2024 | GrubTech | $15.0M Series B Extension | MR. Abdulaziz Alhouti | Addition |
| May 1, 2024 | Growdash | $2.0M Seed | Oraseya Capital, Oryx Fund | 500 Falcons, 500 Global, Hambro Perks, Musaab Hakami |
| Aug 9, 2021 | Sarwa | $15.0M Series B | — | 500 Startups, Difc, Hala Ventures, Kipco, Middle East Venture Partners, Shorooq Partners, Vision Ventures |
| Aug 1, 2021 | Hala | $5.0M Series A | Entrée Capital Ventures | Danny Hadar, 500 Startups, EQ2 Ventures, Global Founders Capital |
