Sukna Ventures

Managing Partner Waleed Alballaa, Founding Partner Fares Bardeesi, and General Partner Mazin Alshanbari form the core GP team listed on Sukna's website. The firm also draws on Investment Advisor Marvin Liao and a group of Venture Partners assigned to SV Fund I for sourcing and diligence. Final investment committee composition is not publicly disclosed.

Sukna highlights a global network cultivated alongside its investors — whom it describes as exceptional leaders and decision-makers — as a source of exclusive access to new opportunities. The partnership model combines Saudi-rooted relationships with the networks of advisors like Marvin Liao, who brings ties from the Silicon Valley accelerator ecosystem.

Sukna's stated activity is building, partnering, and investing directly in ventures. The firm's website names specific portfolio companies rather than fund investments, indicating a direct-deal orientation. No fund-of-funds activity is mentioned.

Sukna describes itself as an early-stage VC fund focused on startups from inception through growth, with an emphasis on value creation at all stages of building and scaling companies. The firm's portfolio includes companies at varying stages of commercialization across the MENA region.

Sukna does not publish an explicit exclusion list. The firm's stated focus on digital transformation businesses and its portfolio composition suggest it concentrates on tech-enabled sectors — enterprise software, fintech, edtech, and digital assets — and likely deprioritizes traditional industries, heavy infrastructure, and non-digital consumer plays.