Organization · Venture Capital
Palm Ventures
Palm Ventures is a venture capital firm based in Saudi Arabia, focusing on early-stage B2B solutions and fintech startups in the MENA region. Established in 2014, it has backed over 40 startups and aims to leverage a network of investors to support innovation.
Overview
What Palm Ventures does
What Palm Ventures is
Palm Ventures is a venture capital firm based in Saudi Arabia, focusing on early-stage B2B solutions and fintech startups in the MENA region. Established in 2014, it has backed over 40 startups and aims to leverage a network of investors to support innovation.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 2014
- Approximate age
- About 12 years
- Structured capabilities
- Funder
- Last reviewed
- March 31, 2026
Official channels
Find Palm Ventures elsewhere
Open the official website or a supported primary organization account.
Capability profile
Palm Ventures as a funder
Investment thesis
Palm Ventures focuses on early-stage B2B and fintech startups in the MENA region, with a recent expansion into US-based AI investments. The firm aims to leverage its extensive network to support innovation and entrepreneurship.
Focus narrative
The firm primarily invests in early-stage B2B solutions and fintech startups within the MENA region. Palm Ventures aims to establish itself as a top-tier venture capital firm by leveraging a network of over 30 investors and advisors to support its portfolio companies.
Value beyond capital
Palm Ventures adds value to its portfolio companies through strategic guidance, access to a vast network of industry experts, and collaboration with government institutions to enhance innovation and commercialization efforts.
Focus and fit
- Stages
- Pre-seed · Seed · Seed+ · Series A
- Regions
- MENAUnited States
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 20
Portfolio context
Notable portfolio companies include Nearpay, a Saudi fintech specializing in point-of-sale payments; FIFOplus, a B2B procurement platform; Erad, a Y Combinator-backed revenue-based financing startup; and Mala Inc, a B2B BNPL platform. Additionally, Palm Ventures co-led a $10M pre-seed round for UPFRONT, a UAE-based fintech.
Common questions
What to know about Palm Ventures
Upseed classifies Palm Ventures under the Venture Capital organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
March 31, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.