EQ2 Ventures

CEO Patrick Thiriet leads a four-person management team. All investments are screened by an independent Investment Committee composed of five operators and investors — including Tabby co-founder Hosam Arab and OSN+ and Anghami CEO Elie Habib — which provides the final decision gate. The committee structure separates investment screening from the parent company's influence, a governance choice carried over from the 2020 spin-off (per the firm).

EQ2 Ventures was built on the foundations of Equitrust, the corporate venture capital arm that Choueiri Group launched in 2015. In 2020 the CVC was spun off into an independent evergreen venture holding, and the firm now operates with its own investment committee and management team, though the shareholders who originally funded Equitrust remain the capital base.

EQ2 operates as an evergreen venture holding, a hybrid that borrows from both models. It deploys permanent capital from shareholders rather than raising discrete funds with fixed lives, which is more characteristic of a family office. But its screen-by-committee governance, Seed-to-Series-A mandate, and portfolio construction approach resemble a venture firm.

EQ2 targets Seed to Series A rounds, with the capacity to invest up to $3 million in follow-on rounds. This early-stage focus is reflected in recent activity such as a $1.4 million seed extension into Kenya-based Uncover Skincare in 2024 and follow-on support for companies like ArabyAds through its $30 million pre-Series B in 2022 (per the firm).

EQ2 does not publicly list excluded sectors. Its stated vertical preferences are ad-tech, e-commerce, marketplaces, ed-tech, fin-tech, and AI-powered SaaS, but the portfolio also includes healthcare workforce mobility, insurtech, and auto parts marketplaces — suggesting the team evaluates on founder quality and market opportunity rather than a rigid sector mandate.

The firm's current posture appears to be exclusively direct deals; the website describes equity stakes in 27 active portfolio companies and does not reference any fund-of-fund commitments. Its CVC predecessor Equitrust also invested directly, a pattern the spin-off has continued.

EQ2 routinely co-invests with other venture firms. Portfolio company rounds frequently include multiple institutional investors — for example, Homzmart's $23 million pre-Series B in 2022 and Eyewa's $21 million Series B in 2021 drew syndicates that EQ2 participated in alongside regional and international venture funds (per the firm).