# Phoenician VC

Phoenician VC is a Private Equity based in Abu Dhabi, United Arab Emirates.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Abu Dhabi, United Arab Emirates
- **Region:** Middle East
- **Address:** Office no. 15-113, 15th Floor, Al Khatem Tower, ADGM Square, Al Maryah, P.O. Box 46617, Abu Dhabi, UAE
- **Founded:** 2016
- **Assets under management:** Undisclosed
- **Website:** phoenician.vc
- **LinkedIn:** https://www.linkedin.com/company/phoenician-invest

## Regulatory record

- **Reports private funds:** No

## About

Phoenician Funds is a venture capital firm founded in 2016 in Beirut, Lebanon. It invests in early-stage technology companies, providing guidance, market access, and execution capabilities. The firm has made 28 investments, including an unattributed investment in Servme on December 15, 2023, and has facilitated two portfolio exits, including Seez on February 20, 2025.

## Sectors

- FinTech
- AI/ML
- Mobility & Transportation
- Digital Health
- Enterprise Software
- EdTech
- InsurTech
- E-commerce

## Offices

- Beirut, Lebanon

## People

- Jad Salame — Managing Partner & Founder
- Mohamad Ibrahim — Co-Founder
- George Haimari — Co-Founder
- Saeb Nahas — Venture Partner

## Questions

### Who runs investment decisions at Phoenician Funds?

Managing partner and founder Jad Salame leads the firm. He is supported by co-founders Mohamad Ibrahim and George Haimari, along with venture partner Saeb Nahas. The team operates a flat structure with Salame as the ultimate decision-maker on both venture commitments and advisory mandates.

### Does Phoenician Funds invest from a single fund vehicle?

Phoenician deploys venture capital through Phoenician Fund I. The firm and its principals also invest via a parent holding company, More Capital. Advisory mandates are executed through a separate service line, so deal capital does not always originate from the fund.

### How does Phoenician Funds source its deals?

The firm’s transaction-advisory business doubles as a sourcing pipeline, giving the team early visibility into companies seeking capital or restructuring. It also draws on the personal networks of its founders across the Levant and Gulf, particularly in fintech and enterprise-software ecosystems.

### Does Phoenician participate in fund commitments or only direct deals?

The firm makes direct venture investments and provides fee-based advisory services, but it has not publicly disclosed participation in third-party fund commitments. Its disclosed activity is concentrated in direct equity stakes and transaction-advisory mandates.

### What investment stages does Phoenician Funds target?

Phoenician invests from seed through growth stage, with an emphasis on the complex situations and early-stage brackets. Its portfolio spans companies that were fresh out of formation as well as later-stage rounds, often in markets where conventional venture capital is thin.

### How does Phoenician separate its advisory business from its investment activities?

Advisory engagements are run as paid mandates — transaction structuring, due diligence, and deal negotiation — generating fee income for the firm. Venture investments, by contrast, are equity positions taken from Phoenician Fund I or More Capital. The same senior team works across both lines, a model that creates overlapping deal flow but requires internal conflict management.

## Related profiles

- [Phi Zoyi Capital](https://altss.com/profile/phi-zoyi-capital)
- [Phoenician Resources](https://altss.com/profile/phoenician-resources)

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Last updated: 2026-07-08T22:53:05.391Z

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