Venture Capital

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Phaze Ventures

Phaze Ventures is Oman's oldest private VC. Founded in 2018 to accelerate the transformation of the region's economies, it funds early-stage Deeptech and AI...

Phaze Ventures logo

Phaze Ventures

Phaze Ventures is Oman's oldest private VC. Founded in 2018 to accelerate the transformation of the region's economies, it funds early-stage Deeptech and AI companies with a focus on the GCC and North American markets. It backs B2B AI and deeptech companies from pre-seed to Series A.

General information

Firm type

Venture Capital

Year founded

2018

Location

Region

Middle East

Country

Oman

City

Muscat

Corporate office

Muscat, Oman

Principals

Abdullah Al-Shaksy

Co-Founder and CEO

Mohammed Al-Wahaibi

Co-Founder and Partner

Masoud Al-Rawahi

Co-Founder and Partner

Sector focus

AI/MLEnterprise SoftwareDigital HealthRobotics & AutomationMobility & TransportationFinTechInsurTechCybersecurityClimateTechMaritime

Frequently asked questions

Who runs investment decisions at Phaze Ventures?

Co-Founder and CEO Abdullah Al-Shaksy leads the investment team, supported by co-founder and partners Mohammed Al-Wahaibi and Masoud Al-Rawahi. Al-Shaksy's background spans more than a decade in public and private equities across the US, Europe, and the Middle East. The firm has not published an investment committee structure, but the three co-founders collectively own the investment process.

How does Phaze Ventures source proprietary deal flow?

Phaze Ventures operates a hybrid model that pairs a venture fund with PhazeRo, an in-house data-science consultancy serving enterprise clients in Oman and the wider Gulf. That consultancy provides direct sightline into technology demand patterns inside regional enterprises and creates relationships with technical founders. The firm also maintains an active co-investor network including accelerators like Y Combinator and venture funds such as a16z, which generate syndicated deal flow from North America.

Does Phaze Ventures participate in fund commitments or only direct deals?

Phaze's public portfolio reports only direct equity investments in companies from pre-seed to Series A, alongside co-investors that include Y Combinator, a16z, and other strategic capital sources. The firm has not disclosed any fund-of-funds commitments or LP positions in external venture funds.

What investment stages does Phaze Ventures typically target?

The firm backs early-stage B2B AI and deeptech companies, covering pre-seed, seed, and Series A rounds. Its holdings range from newly formed companies such as Boardy.ai and Metal to later early-stage businesses like Sully.ai and Qeen.ai that have reached Series A. Phaze has not disclosed a typical initial check size or follow-on reserve policy.

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