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Spade Ventures
Spade Ventures is an angel syndicate founded in 2019 in Dubai, U.A.E. It invests primarily in early-stage technology startups in the Middle East, North Africa,...
Spade Ventures
Spade Ventures is an angel syndicate founded in 2019 in Dubai, U.A.E. It invests primarily in early-stage technology startups in the Middle East, North Africa, and Pakistan. The syndicate allows each investor to decide on individual startup investments and allocation.
General information
Firm type
Venture Capital
Location
Region
Middle East
Country
United Arab Emirates
City
Dubai
Corporate office
Dubai, United Arab Emirates
Frequently asked questions
Is Spade Ventures structured as a fund or does it operate more like a syndicate?
Spade Ventures operates exclusively as an angel syndicate, not a blind-pool venture fund. It creates a UK-based special purpose vehicle for each individual investment opportunity. Investors commit capital on a deal-by-deal basis, rather than into a pooled fund structure, giving them full discretion over which startups they back.
Which geographies does Spade Ventures target?
The firm invests primarily in the Middle East, North Africa and Pakistan, a corridor it refers to as MENAP. Between 70–80% of its investments target this region. The syndicate is headquartered in Dubai and structures all its investments through UK-based special purpose vehicles.
Who are the investors behind Spade Ventures?
The firm’s network consists of over 100 investors, primarily executives, professionals and entrepreneurs from leading regional organizations. Some use the platform to diversify their own or their clients' portfolios toward MENAP. Spade Ventures does not publicly name its principals or individual backers.
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