# Sukna Ventures

Sukna Ventures is a Venture Capital based in Riyadh, Saudi Arabia.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Riyadh, Saudi Arabia
- **Region:** Middle East
- **Address:** Riyadh, Saudi Arabia
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** suknaventures.com
- **LinkedIn:** https://www.linkedin.com/company/suknaventures

## Regulatory record

- **Reports private funds:** No

## About

Sukna Ventures is an early-stage venture capital fund founded in 2012 in Riyadh, Saudi Arabia. It primarily invests in technology companies driving digital transformation. Sukna Ventures has made 43 investments, including Clarity in Series A on September 15, 2025.

## Sectors

- Enterprise Software
- FinTech
- EdTech
- Digital Assets

## People

- Waleed Alballaa — Managing Partner
- Fares Bardeesi — Founding Partner
- Mazin Alshanbari — General Partner
- Marvin Liao — Investment Advisor
- Omar Hamdalla — Principal

## Questions

### Who runs investment decisions at 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.

### How does Sukna Ventures source proprietary deal flow?

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.

### What investment stages does Sukna Ventures typically target?

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.

## Related profiles

- [Suisse Capital Global Management](https://altss.com/profile/suisse-capital-global-management)
- [Sukoon Insurance](https://altss.com/profile/sukoon-insurance)

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Last updated: 2026-06-03T20:00:00.000Z

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