VC
Iliad Partners
UAE venture firm founded in 2016 by Christos Mastoras and Omar Al-Madhi, now headquartered in ADGM, Abu Dhabi and a Hub71 partner. Its $50M second fund (second close Sept 2025) backs B2B software; it led Comfi's $65M pre-Series A in 2026 and holds Qashio and OTO.
THESIS
Pre-Series A and Series A cheques into post-revenue B2B software startups digitising core GCC infrastructure — fintech, logistics, proptech — in Saudi Arabia and the UAE.
SNAPSHOT
TypeVC
HQAbu Dhabi, UAE
MarketGCC, MENA
Founded2016
SectorsFintech, Logistics, PropTech, B2B SaaS
StagesSeed, Series A
LINKED ROUNDS
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