Latest fund size
$75M
Announced
October 29, 2026
Global HQ
Oman
Members only
Check size
$500K-$3M
Members only
Stage focus
Pre-Seed, Seed, Series A
Members only
Regions of investment
Middle East, North America
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Phaze Ventures is an Oman-based venture capital firm founded in 2018 by Abdullah Al-Shaksy, Masoud Al-Rawahi, and Mohammed Al-Wahaibi, headquartered in Muscat with additional offices in Dubai and Riyadh. The firm invests in early-stage AI and deep technology companies, manages capital for more than 50 investors including sovereign entities, listed companies, corporations, and family offices, and has deployed more than $10 million across 10 companies to date.
Abdullah Al-Shaksy, Co-Founder and CEO
Masoud Al-Rawahi, Co-Founder and Partner
Mohammed Al-Wahaibi, Co-Founder and Partner
Hood Al Farsi, Investment Analyst
Members only
Names, roles, emails and LinkedIn profiles for the team, plus the fund's website.
Phaze Ventures invests in early-stage AI and advanced technology companies across the GCC and North America, with sector interest spanning enterprise software, healthcare, maritime, logistics, energy, and finance.
The firm is mainly active at the seed stage, with selective pre-seed and Series A deals and occasional Series B follow-ons, and has co-invested alongside firms including a16z, 8VC, Standard Capital, Y Combinator, and Baidu Ventures.
Members only
What the fund looks for in founders and which sectors it backs.
Phaze Ventures has secured more than $40 million in commitments toward a combined target of over $75 million across two new funds.
Phaze Ventures Fund II continues the firm's global AI and deeptech mandate and is anchored by ITHCA Group, a subsidiary of the Oman Investment Authority, alongside Ominvest and the Oman LNG Development Foundation.
The Phaze Ventures Oman Fund targets homegrown, AI-enabled Omani businesses in sectors including energy, logistics, finance, and healthcare, and is anchored by Future Fund Oman, another Oman Investment Authority initiative.
The two funds have already deployed more than $10 million across 10 companies, including Arabic.AI, Sully.ai, Andromeda Surgical, Boardy.ai, and Metal. Phaze Ventures previously raised a $30 million fund in 2021, its first for Oman.
Members only
Fund size, LPs and track record.
Leadership
Phaze Ventures was co-founded by Abdullah Al-Shaksy, Co-Founder and CEO, based in Dubai; Masoud Al-Rawahi, Co-Founder and Partner, based in Oman; and Mohammed Al-Wahaibi, Co-Founder and Partner, based in Muscat.
Investment Strategy
Phaze Ventures mainly invests at the seed stage, with selective pre-seed and Series A deals and occasional Series B follow-ons, in early-stage AI and deep technology companies across the GCC and North America.
Notable Investments
Members only
Leadership, investment strategy, notable investments and exits.
