Organization · Angel Group
Spade Ventures
Spade Ventures is an angel syndicate that invests in early-stage technology startups in the Middle East, North Africa, and Pakistan. They leverage their expertise for deal sourcing and due diligence.
Overview
What Spade Ventures does
What Spade Ventures is
Spade Ventures is an angel syndicate that invests in early-stage technology startups in the Middle East, North Africa, and Pakistan. They leverage their expertise for deal sourcing and due diligence.
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
- Angel Group
- Structured capabilities
- Funder
- Last reviewed
- March 4, 2026
Official channels
Find Spade Ventures elsewhere
Open the official website or a supported primary organization account.
Capability profile
Spade Ventures as a funder
Investment thesis
Spade Ventures invests primarily in early-stage technology startups in the Middle East, North Africa, and Pakistan. They focus on providing strategic support and connections to enhance the growth of their portfolio companies.
Focus narrative
Spade Ventures focuses on early-stage ventures within the MENAP region, investing between USD 0.5 million to USD 2 million per ticket. Approximately 70-80% of their investments are in early-stage companies, and they emphasize a collaborative approach with founders, offering strategic support and connections to experts and potential customers.
Value beyond capital
Spade Ventures offers strategic support and connections to experts and potential customers, enhancing the growth potential of their portfolio companies.
Terms and economics
- Typical check
- $500,000–$2,000,000
Focus and fit
- Stages
- Pre-seed · Seed · Seed+
- Regions
- MENASouth Asia
Availability
- Currently deploying
- Yes
Portfolio and track record
Portfolio context
Notable portfolio companies include Legacy, founded by Khaled Kteily, which has received support from Spade Ventures as a passionate investor. Another company, Baly, co-founded by Matteo Mantovani, operates in Iraq and focuses on transforming lifestyles through technology, with significant partnership support from Spade Ventures.
Common questions
What to know about Spade Ventures
Upseed classifies Spade Ventures under the Angel Group 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 4, 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.