Khwarizmi Ventures is a Riyadh-based early-stage venture capital firm founded in 2021, focused on backing ambitious technology founders building for the GCC market. The firm takes its name from the ninth-century mathematician Muhammad ibn Musa al-Khwarizmi, whose algorithms underpinned modern computing. One of the most active early-stage investors in Saudi Arabia, the firm has backed more than 30 startups across Fund I and is now deploying its second fund. Fund I delivered five exits within its first five years, a strong DPI record by regional standards with portfolio companies collectively creating over 7,500 full-time jobs, improving the financial health of 500,000 users, and helping 120,000 users adopt healthier lifestyles.
Khwarizmi is sector-agnostic, with continued concentration on fintech, consumer technology, and AI applications. The firm targets founders building for the GCC consumer and enterprise market, with Saudi Arabia as the home market and meaningful exposure to UAE-headquartered companies expanding regionally. Investment themes are aligned with Saudi Arabia's structural tailwinds, a young population (71% under 35), a rapidly digitizing payments environment (85% of retail payments now electronic), and a private sector contributing 51% of GDP and growing.
Khwarizmi Ventures Fund II completed its first close in February 2026 at $70.6 million, backed by Saudi institutional investors and leading Saudi family offices. The fund has not yet reached final close, with capacity to grow toward a larger final close expected later in 2026. Fund II plans to make 25–35 investments at seed and Series A stages, with initial checks of $1M–$5M and significant follow-on reserves for breakout companies.
Fund I launched in 2021 at $70 million and is fully deployed, with 30+ portfolio companies and five exits completed within its first five years.
Leadership
Abdulaziz Al-Turki is Managing Partner. He previously held leadership positions at Elixir Management Consulting (a McKinsey subsidiary) and SABIC, and has worked with startups across KSA and London. He holds a Bachelor's in Electrical Engineering from the University of Maryland and an MBA from London Business School.
Homam Meaddawi is Partner, with over twelve years of investment experience managing a multi-billion-dollar portfolio at Saudi Aramco and 30+ startup investments across the US and Saudi markets. He holds CFA and FRM charters, a bachelor's from UNCC, and an MBA from MIT.
Arjun Chopra is Partner, with over a decade of experience in technology startups and investments, beginning his career as a software engineer in California before leading a technology startup in India. He holds a BSc in Electrical Engineering and Computer Science from UC Berkeley and an MBA from London Business School.
Yasser Al Kadi is Founding Partner and CEO of Kadi Group Holding and Managing Director of Zajil, with board seats at Derayah Financial and Bahri Company, and executive programs completed at Harvard, INSEAD, and London Business School.
Dr. Ibrahim Almojel is Founding Partner, former CEO of the Saudi Industrial Development Fund (SIDF) and Wisayah (Saudi Aramco's investment arm), and board member at Saudi National Bank and Saudi Telecom Company. He holds a BS in Electrical Engineering and Mathematics from Vanderbilt and an MS/PhD in Management Science and Engineering from Stanford.
Investment Strategy
Khwarizmi leads seed and Series A rounds with $1M–$5M initial checks and follows on into breakout companies through the growth stage. Beyond capital, the firm provides active support on business development, talent acquisition, fundraising, and market expansion into Saudi Arabia. The firm has helped portfolio companies secure co-founders, senior operators, lead investors for follow-on rounds, and access to both equity and debt capital.
Notable Investments
Fund I portfolio includes:
Notable Exits
Five exits from Fund I within five years. Specific exit names not publicly disclosed.
Abdulaziz Al-Turki — Managing Partner
Homam Meaddawi — Partner
Arjun Chopra — Partner
Yasser Al Kadi — Founding Partner
Dr. Ibrahim Almojel — Founding Partner
Saudi Arabia
