Venture Capital

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Phoenix VC

Phoenix VC is a venture capital firm focused on blockchain technology and the digital currency ecosystem in the Middle East & Africa. They have made 9...

Phoenix VC logo

Phoenix VC

Phoenix VC is a venture capital firm focused on blockchain technology and the digital currency ecosystem in the Middle East & Africa. They have made 9 investments, including a Seed VC investment in Qashio on November 22, 2022. Their portfolio includes Web3Auth, which exited on June 02, 2025.

General information

Firm type

Venture Capital

Year founded

2016

AUM

Undisclosed

Location

Region

Middle East

Country

United Arab Emirates

City

Abu Dhabi

Corporate office

Abu Dhabi, United Arab Emirates

Frequently asked questions

What investment stages does Phoenix VC target?

Phoenix VC focuses on early-stage investments, specifically seed rounds. The firm backs technology companies at their earliest institutional entry point, providing the foundational capital required for product development and initial market traction within the MENA region.

Is Phoenix VC structured as a single-family office or a venture capital firm?

Phoenix VC operates as a venture capital platform based in Abu Dhabi. While its limited partner base is undisclosed, the firm's closed structure and absence of public fundraising activity suggest it manages discretionary capital for a concentrated group of local principals rather than operating as a broadly marketed fund manager.

Does Phoenix VC participate in fund commitments or only direct deals?

Available information indicates Phoenix VC engages exclusively in direct seed-stage transactions. There is no public record of the firm making limited partner commitments into external venture funds, positioning it as a pure direct investor rather than a hybrid allocator.

Which geographies does Phoenix VC invest in?

Phoenix VC's investment mandate is concentrated on the Middle East and North Africa region. The firm sources and backs technology startups across MENA markets, leveraging Abu Dhabi's position as a capital hub for the broader regional venture ecosystem.

Who runs investment decisions at Phoenix VC?

The principals and investment committee members responsible for Phoenix VC's capital deployment have not been publicly named. The firm's leadership remains undocumented across regulatory filings, commercial registries, and media coverage, consistent with the closely held nature of certain Abu Dhabi-based investment platforms.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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