# Retail investors in MENA (2026 list)

> 27 retail investors in MENA, 85% active in the last 12 months. Led by 500 Global, Plug and Play, Endeavor Catalyst. Ranked by what they funded.

Source: https://millionrounds.com/lists/retail-investors-in-mena (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Retail investors in MENA

Updated 7 November 2026

Firms observed backing a retail company in MENA in the last two years, wherever the firm is based.

[See all 27 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fretail-investors-in-mena)The top 25

**27** investors on the list No change this week

**478** cheques in 12 months *-33%* against the market

**$5M** median round they joined *-37%* against the market median

**85%** wrote a cheque in 12 months

**70%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (21)

- 1 [500 Global](https://millionrounds.com/fund/500-startups) *Deploying now* Angel · United States **2,140** **$3.6M** median round **Oct 2026** last seen
- 2 [Plug and Play](https://millionrounds.com/fund/plug-and-play) *Deploying now* Accelerator · United States **1,561** **$5M** median round **Nov 2026** last seen
- 3 [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) *Deploying now* Corporate VC · United States **318** **$30M** median round **Oct 2026** last seen
- 4 [General Atlantic](https://millionrounds.com/fund/general-atlantic) *Deploying now* Private equity · United States **273** **$127M** median round **Oct 2026** last seen
- 5 [Drive Capital](https://millionrounds.com/fund/drive-capital) *Deploying now* VC firm · United States **190** **$8.4M** median round **Oct 2026** last seen
- 6 [Endeavor](https://millionrounds.com/fund/endeavor) *Deploying now* Corporate VC · United States **106** **$25M** median round **Sept 2026** last seen
- 7 [Launch Africa](https://millionrounds.com/fund/launch-africa-ventures) *Deploying now* VC firm · Mauritius **96** **$1.1M** median round **Nov 2026** last seen
- 8 [Palm Drive Capital](https://millionrounds.com/fund/palm-drive-capital) *Deploying now* VC firm · United States **89** **$8M** median round **Oct 2026** last seen
- 9 [LAUNCH](https://millionrounds.com/fund/launch) *Deploying now* Accelerator · United States **82** **$5M** median round **Oct 2026** last seen
- 10 [LoftyInc Capital](https://millionrounds.com/fund/loftyinc-capital) *Deploying now* VC firm · Nigeria **73** **$2.3M** median round **May 2026** last seen
- 11 [Atlantic](https://millionrounds.com/fund/atlantic) *Deploying now* Private equity · Germany **53** **$35M** median round **Oct 2026** last seen
- 12 [Triangle Capital Corporation](https://millionrounds.com/fund/turmeric-capital) quiet VC firm · Singapore **13** **$100M** median round **Nov 2024** last seen
- 13 [Circle](https://millionrounds.com/fund/circle) *Deploying now* Hedge fund · United States **13** **$14M** median round **Feb 2026** last seen
- 14 [Phoenix VC](https://millionrounds.com/fund/phoenix-venture-partners) *Deploying now* VC firm · United Arab Emirates **8** **$29M** median round **Oct 2026** last seen
- 15 [Al Mada Ventures](https://millionrounds.com/fund/al-mada-ventures) *Deploying now* VC firm · Morocco **7** **$12M** median round **Nov 2026** last seen
- 16 [WITAMAX](https://millionrounds.com/fund/witamax) *Deploying now* VC firm · Morocco **6** **$1.6M** median round **Apr 2026** last seen
- 17 [Attijariwafa Ventures](https://millionrounds.com/fund/attijariwafa-ventures) *Deploying now* VC firm · Morocco **3** **$5M** median round **Jun 2026** last seen
- 18 [First Circle Capital](https://millionrounds.com/fund/first-circle-capital) *Deploying now* VC firm · Morocco **3** **$2M** median round **Feb 2026** last seen
- 19 [Maroc Numeric Fund](https://millionrounds.com/fund/maroc-numeric-fund) *Deploying now* VC firm · Morocco **3** **$1.4M** median round **Apr 2026** last seen
- 20 [UM6P Ventures](https://millionrounds.com/fund/um6p-ventures) *Deploying now* VC firm · Morocco **3** **$4M** median round **Feb 2026** last seen
- 21 [Azur Innovation Management](https://millionrounds.com/fund/azur-innovation-management) *Deploying now* VC firm · Morocco **1** **$1.6M** median round **Apr 2026** last seen
- 22 [Cash Plus Ventures](https://millionrounds.com/fund/cash-plus-ventures) quiet VC firm **1** **$1.1M** median round **Dec 2024** last seen
- 23 [Kalys Ventures](https://millionrounds.com/fund/kalys-ventures) quiet VC firm · Morocco **1** **$1.1M** median round **Dec 2024** last seen
- 24 [Badwa Capital](https://millionrounds.com/fund/badwa-capital) quiet Private equity · United Arab Emirates **1** **$100M** median round **Nov 2024** last seen
- 25 [Harambeans Prosperity Fund](https://millionrounds.com/fund/harambeans-prosperity-fund) *Deploying now* VC firm **1** **$1.6M** median round **Apr 2026** last seen

**2 more on this list**

All 27 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%2Fretail-investors-in-mena)

## The Newest Cheques

Rounds this list's investors joined most recently

- **6** Nov **[Water Ledger Global](https://millionrounds.com/company/water-ledger-global)** Other *With* [Launch Africa](https://millionrounds.com/fund/launch-africa-ventures)
- **4** Nov **[Lazarus AI](https://millionrounds.com/company/lazarus-ai)** $43M *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play)
- **4** Nov **[Journify](https://millionrounds.com/company/journify)** Series A · $12M *Led by* [Al Mada Ventures](https://millionrounds.com/fund/al-mada-ventures)
- **3** Nov **[Carryt](https://millionrounds.com/company/carryt)** Round *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play)
- **28** Oct **[Viatik](https://millionrounds.com/company/viatik)** Seed · $600K *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play)
- **27** Oct **[General Compute](https://millionrounds.com/company/general-compute)** Series A · $100M *With* [Plug and Play](https://millionrounds.com/fund/plug-and-play)

## Stages This Year

416 rounds

- Seed **21%**
- Venture **18%**
- Series A **18%**
- Pre-seed **7%**
- Series B **7%**
- Other **29%**

## What They Backed

Sectors, last 12 months

- AI **173**
- Fintech **67**
- Big Data & Analytics **27**
- Financial Services **24**
- Healthcare **19**
- Software **19**

## Cheques by Quarter

Led Joined

184 Q1 25

169 Q2 25

202 Q3 25

163 Q4 25

172 Q1 26

125 Q2 26

105 Q3 26

27 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [AI investors in North America 3,859](https://millionrounds.com/lists/ai-investors-in-north-america)
- [AI investors in Europe 2,283](https://millionrounds.com/lists/ai-investors-in-europe)
- [Fintech investors in North America 1,309](https://millionrounds.com/lists/fintech-investors-in-north-america)
- [Big Data & Analytics investors in North America 1,094](https://millionrounds.com/lists/big-data-investors-in-north-america)
- [AI investors in Asia 1,047](https://millionrounds.com/lists/ai-investors-in-asia)
- [Biotech investors in North America 1,001](https://millionrounds.com/lists/biotech-investors-in-north-america)
- [Energy investors in North America 864](https://millionrounds.com/lists/energy-investors-in-north-america)
- [Robotics investors in North America 848](https://millionrounds.com/lists/robotics-investors-in-north-america)
- [Construction investors in North America 791](https://millionrounds.com/lists/construction-investors-in-north-america)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders in retail and fashion

- Lovemarks The Future Beyond Brands Kevin Roberts · 2004 3.86 from 1,497 ratings on Goodreads Retail and fashion Company building About the book "Ideas move mountains, especially in turbulent times. Lovemarks is the product of the fertile-iconoclast mind of Kevin Roberts, CEO Worldwide of Saatchi & Saatchi. Roberts argues vociferously, and with a ton of data to support him, that traditional branding practices have become… On AmazonListen on Audible
- Fashion entrepreneurship Michele Granger, Tina Sterling · 2002 On 15 reading lists at Open Library Retail and fashion Company building On AmazonListen on AudibleOn Open Library
- Retail Gangster: The Insane, Real-Life Story of Crazy Eddie Gary Weiss · 2022 3.90 from 1,120 ratings on Goodreads Retail and fashion Company building About the book A biography of the spectacular rise and fall of Eddie Antar, better known as "Crazy Eddie," whose home electronics empire changed the world even as it turned out to be one of the biggest business scams of all timeBack in the fall of 2016 we heard the news about the passing of… On AmazonListen on Audible
- The Everything Store: Jeff Bezos and the Age of Amazon Brad Stone · 2013 4.13 from 78,706 ratings on Goodreads Retail and fashion Company building About the book The definitive story of Amazon.com, one of the most successful companies in the world, and of its driven, brilliant founder, Jeff Bezos. Amazon.com started off delivering books through the mail. But its visionary founder, Jeff Bezos, wasn't content with being a bookseller. He… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&industry=retail).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about retail investors in MENA

### Who are the most active retail investors in MENA?

By cheques observed, the most active are 500 Global, Plug and Play, Endeavor Catalyst, General Atlantic and Drive Capital.

### How many retail investors in MENA are there?

27 are on record. 85% made an investment in the last 12 months and 70% have led a round.

### Which stages do retail investors in MENA back?

Of the rounds with a named stage in the last 12 months, mostly Seed (29%) and Series A (24%).

### How big are the rounds retail investors in MENA join?

The typical (median) round among the leading investors here is $5M.

### Which sectors do retail investors in MENA back most?

In the last 12 months, mostly AI, Fintech and Big Data & Analytics.

### Which retail investors in MENA lead the most rounds?

General Atlantic (32 led), Drive Capital (7 led) and Al Mada Ventures (6 led).

### Where are retail investors in MENA based?

Among the most active, most are based in the United States (9), Morocco (8) and the United Arab Emirates (2).

### What have retail investors in MENA invested in recently?

Recent rounds include Water Ledger Global (Other, Nov 2026, with Launch Africa), Lazarus AI (Nov 2026, with Plug and Play) and Journify (Series A, Nov 2026, with Al Mada Ventures).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)