# EQ2 Ventures

EQ2 Ventures is a Venture Capital based in Dubai, United Arab Emirates.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Dubai, United Arab Emirates
- **Region:** Middle East
- **Address:** Dubai, United Arab Emirates
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** eq2ventures.com
- **LinkedIn:** https://www.linkedin.com/company/eq2-ventures

## Regulatory record

- **Reports private funds:** No

## About

EQ2 Ventures was built on the foundations of Equitrust, a corporate VC arm launched in 2015 by Dubai-based Choueiri Group. Since the CVC spin-off in 2020, EQ2 has been operated as an evergreen venture holding, where all investment decisions are screened by an independent Investment Committee. EQ2 invests early at Seed to Series A stages, focusing on Ad-tech, E-commerce, Marketplaces, Ed-tech, Fin-tech, and AI-powered SaaS, with a footprint centered across the Middle East and Africa.

## Sectors

- Enterprise Software
- FinTech
- E-Commerce
- AdTech
- EdTech
- Healthcare Services
- Mobility & Transportation
- Marketplaces

## People

- Patrick Thiriet — Chief Executive Officer
- Manish Phulwani — Associate Director
- Iman Beheiry — Head of Operations
- Rija Nadeem — Investment Analyst
- Hosam Arab — Investment Committee Member
- Noor Lozi — Investment Committee Member
- Joel Ayala — Investment Committee Member
- Elie Habib — Investment Committee Member
- Thomas Grynbaum — Investment Committee Member

## Questions

### Who runs investment decisions at 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).

### How is EQ2 Ventures related to Choueiri Group?

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.

### What investment stages does EQ2 Ventures typically target?

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).

### What is EQ2 Ventures' known posture on co-investments alongside external GPs?

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).

## Related profiles

- [Epus Global Energy](https://altss.com/profile/epus-global-energy)
- [EQIQ](https://altss.com/profile/eqiq)

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Last updated: 2026-08-11T15:06:42.396Z

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