# Investors based in Tehran (2026 list) > 213 investors based in Tehran. Led by Excelerate, Karen Ventures, MANA vc. Ranked by what they funded. Source: https://millionrounds.com/lists/investors-based-in-tehran (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Investors based in Tehran Updated 7 November 2026 Firms with an address in Tehran. A head office is a fact about the firm; where it invests is on its own page. [See all 213 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-tehran)The top 25 **213** investors on the list No change this week **1** cheques in 12 months Too few cheques to tell **$10M** median round they joined *+27%* against the market median **0%** wrote a cheque in 12 months **0%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (1) - 1 [Excelerate](https://millionrounds.com/fund/excelerate) quiet Investment firm · Iran **2** **$13M** median round **Apr 2019** last seen - 2 [Karen Ventures](https://millionrounds.com/fund/karen-ventures) quiet VC firm · Iran **1** **$2.5M** median round **Jun 2019** last seen - 3 [MANA vc](https://millionrounds.com/fund/mana-vc) *Deploying now* VC firm · Iran **1** **$7.5M** median round **Oct 2026** last seen - 4 [Sina VC](https://millionrounds.com/fund/sina-vc) quiet VC firm · Iran **1** **$103M** median round **Jun 2018** last seen - 5 [01 Group](https://millionrounds.com/fund/01-group) unknown Investment firm · Iran **none observed** **-** median round **-** last seen - 6 [100Startups](https://millionrounds.com/fund/100startups) unknown Investment firm · Iran **none observed** **-** median round **-** last seen - 7 [AGAH ZONE](https://millionrounds.com/fund/agah-zone) unknown Investment firm · Iran **none observed** **-** median round **-** last seen - 8 [AIDC](https://millionrounds.com/fund/aidc) unknown Investment firm · Iran **none observed** **-** median round **-** last seen - 9 [ARAD Accelerator](https://millionrounds.com/fund/arad-accelerator-2) unknown Accelerator · Iran **none observed** **-** median round **-** last seen - 10 [Aansoo Academy](https://millionrounds.com/fund/aansoo-academy) unknown VC firm · Iran **none observed** **-** median round **-** last seen - 11 [AddVentures](https://millionrounds.com/fund/addventures-4) unknown Investment firm · Iran **none observed** **-** median round **-** last seen - 12 [Afarinesh Holding](https://millionrounds.com/fund/afarinesh-holding) unknown Investment firm · Iran **none observed** **-** median round **-** last seen - 13 [Afarinesh VC](https://millionrounds.com/fund/afarinesh-vc) unknown VC firm · Iran **none observed** **-** median round **-** last seen - 14 [Afarinesh Vc Official](https://millionrounds.com/fund/afarinesh-vc-official) unknown VC firm · Iran **none observed** **-** median round **-** last seen - 15 [Afjei Group](https://millionrounds.com/fund/afjei-group) unknown Company · Iran **none observed** **-** median round **-** last seen - 16 [Agah Ventures](https://millionrounds.com/fund/agah-ventures) unknown VC firm · Iran **none observed** **-** median round **-** last seen - 17 [Amen Capital (Health Investment Holding)](https://millionrounds.com/fund/amen-capital-health-investment-holding) unknown Investment firm · Iran **none observed** **-** median round **-** last seen - 18 [Amper Innovation Factory](https://millionrounds.com/fund/amper-innovation-factory) unknown Accelerator · Iran **none observed** **-** median round **-** last seen - 19 [Anarestan accelerator](https://millionrounds.com/fund/anarestan-accelerator) unknown Accelerator · Iran **none observed** **-** median round **-** last seen - 20 [Apadana Ventures](https://millionrounds.com/fund/apadana-ventures) unknown VC firm · Iran **none observed** **-** median round **-** last seen - 21 [Apiculture Industry Development and Advocacy Fund of Iran](https://millionrounds.com/fund/apiculture-industry-development-and-advocacy-fund-of-iran) unknown Investment firm · Iran **none observed** **-** median round **-** last seen - 22 [AratelVC](https://millionrounds.com/fund/aratelvc) unknown Company · Iran **none observed** **-** median round **-** last seen - 23 [Arghavan Venture Capital Fund](https://millionrounds.com/fund/arghavan-venture-capital-fund) unknown VC firm · Iran **none observed** **-** median round **-** last seen - 24 [Arman Ati Investment Advisory](https://millionrounds.com/fund/arman-ati-investment-advisory) unknown Investment firm · Iran **none observed** **-** median round **-** last seen - 25 [Armani VC](https://millionrounds.com/fund/armani-vc) unknown VC firm · Iran **none observed** **-** median round **-** last seen **188 more on this list** All 213 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Finvestors-based-in-tehran) ## The Newest Cheques Rounds this list's investors joined most recently - **14** Oct **Uvi** Seed · $7.5M *With* [MANA vc](https://millionrounds.com/fund/mana-vc) - **12** Jun **[Bellwethr](https://millionrounds.com/company/bellwethr)** Seed · $2.5M *With* [Karen Ventures](https://millionrounds.com/fund/karen-ventures) - **9** Apr **[Diameter Health](https://millionrounds.com/company/diameter-health)** Series A · $9.6M *With* [Excelerate](https://millionrounds.com/fund/excelerate) - **5** Jun **[Pintec](https://millionrounds.com/company/pintec)** Other · $103M *With* [Sina VC](https://millionrounds.com/fund/sina-vc) - **20** Mar **[Elligo Health](https://millionrounds.com/company/elligo-health)** Series B · $16M *With* [Excelerate](https://millionrounds.com/fund/excelerate) ## Stages This Year 1 rounds - Seed **100%** ## What They Backed Sectors, last 12 months - AI **1** - Big Data & Analytics **1** - Data Infrastructure **1** - Enterprise Software **1** ## Cheques by Quarter Led Joined Q1 25 Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 Q3 26 1 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Investors based in London 4,496](https://millionrounds.com/lists/investors-based-in-london) - [Investors based in CA 3,746](https://millionrounds.com/lists/investors-based-in-ca) - [Investors based in NY 3,658](https://millionrounds.com/lists/investors-based-in-ny) - [Investors based in WA 2,473](https://millionrounds.com/lists/investors-based-in-wa) - [Investors based in San Francisco 2,377](https://millionrounds.com/lists/investors-based-in-san-francisco) - [Investors based in TX 2,250](https://millionrounds.com/lists/investors-based-in-tx) - [Investors based in Dubai 1,922](https://millionrounds.com/lists/investors-based-in-dubai) - [Investors based in Los Angeles 1,261](https://millionrounds.com/lists/investors-based-in-los-angeles) - [Investors based in Chicago 1,255](https://millionrounds.com/lists/investors-based-in-chicago) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about investors based in Tehran ### Who are the most active investors based in Tehran? By cheques observed, the most active are Excelerate, Karen Ventures, MANA vc, Sina VC and 01 Group. ### How many investors based in Tehran are there? 213 are on record. 0% made an investment in the last 12 months. ### Which stages do investors based in Tehran back? Of the rounds with a named stage in the last 12 months, mostly Seed (100%). ### Which sectors do investors based in Tehran back most? In the last 12 months, mostly AI, Big Data & Analytics and Data Infrastructure. ### What have investors based in Tehran invested in recently? Recent rounds include Uvi (Seed, Oct 2026, with MANA vc), Bellwethr (Seed, Jun 2019, with Karen Ventures) and Diameter Health (Series A, Apr 2019, with Excelerate). ### How is this list of investors based in Tehran ranked? By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night. ### Can I see all 213 investors based in Tehran? The top 25 are here. All 213 are in the app, with filters for stage, sector, market and cheque size. A free account shows 10 per search, Pro up to 1,000. Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)