Top Startup Investors in Muscat

Muscat is quickly shaking off its “sleepy capital” image and morphing into one of the more lively startup hubs in the MENA region. Tech founders and investors are flocking here, drawn by ambitious government plans, accelerators popping up like mushrooms, and serious appetite for risk.

If your sights are set on raising venture capital in Oman, you’ll find a handful of local and international funds now in play—each with a slightly different way of picking bets. Here’s the definitive, up-to-date A–Z of Muscat’s most active VCs for founders who need more than just a cheque. List sorted alphabetically, because chasing intros in order of “who’s hottest” is for dreamers. Real-world funding rounds don’t care for popularity contests.

Cyfr Capital may be under the radar, but they’re still one of the names in Muscat’s current venture capital story. With at least one confirmed investment under their belt, their role hints at growing support for Oman’s entrepreneurial set. Details are slim—no flashy site or LinkedIn—but evidence suggests Cyfr plays its part boosting local funding options. Never underestimate a quiet cheque; sometimes, that’s exactly what gets you to the next funding round.

Future Fund Oman says it all in the name—a fund with its eye firmly on where the country is headed. With roots in a national $5.2 billion commitment, they’ve made at least one placement locally to date, often with an angle towards attracting international VC funding and boosting SME growth. If your startup is aligned with Vision 2040 and looking for a partner that cares about impact (not just returns), this is one to try, pending more details from the fund itself.

Originally stamped “Made in Singapore”, Golden Gate Ventures have announced big plans for the MENA region and Oman is front and centre. Their new $100 million MENA fund is already putting down roots locally, with their first investment in Omani data startup Bayanat Technology and ambitions to open an office in Muscat. If you want to attract international capital or land on an angel investor’s radar with a background in Asia’s fastest-growing companies, this is the sort of fund worth following—especially as they’ve got nine unicorns in their wider portfolio and heavyweight partners like the Oman Investment Authority on side.

The investment arm of Oman’s sovereign fund, IDO Investments sits at the intersection of tech, impact, and country strategy—think reform, not just returns. With more local deals than any other Omani VC and a knack for picking sectors like life sciences and energy, IDO is kingmaker for startups wanting to tackle real-world challenges. Toss in partnerships with international investors and funds, and they’re as close as you get to “buttoned up” in this market. Practically a must for any founder going after institutional backing.

For those beyond pure seed funding and looking towards that all-important Series A, Myrad Holding is one of the rare names to emerge in Oman with a focus on mature tech. With a track record including eMushrif in the ICT and info services arena, they fill a tricky gap—helping scale-ups get over the first revenue hump when most angels have gone home and late-stage VCs haven’t shown up yet. Founders in growth mode, keep this one on your list.

The sovereign heavyweight, OIA hardly needs an introduction if you’ve ever browsed Arageek or followed MENA funding moves. The OIA acts less like a classic VC and more like an ecosystem orchestrator, backing everything from classic economic sectors to shiny new technology bets. Their recent team-up with Singapore’s Golden Gate Ventures on a $100m regional fund signals open arms to cross-border startups and new founder talent wanting to call Oman home. For serious, growth-minded companies, OIA is the ultimate “get” in a funding syndicate.

Operating as the “growth engine” of the Oman Technology Fund, OTF Jasoor Ventures targets tech companies ready to scale. If your startup has already passed the brutal early days, landed some revenue, but needs real capital to win big, Jasoor is the bit of the OTF that wants to hear from you. They’re a route to late-stage Omani funding when other VCs are still hedging. Tight alignment with OTF’s big-picture vision makes them a natural partner for ambitious founders looking to build regionally, not just locally.

If you’re serious about startup life in Muscat, you’ll have brushed up against OTF at some point. Created to push Oman into a tech-focused economy, OTF deploys government muscle and $150 million in capital from earliest seed to growth. Their structure covers every stage—Techween for first cheques, Wadi Accelerator for scale, Jasoor for later-stage. Portfolio includes eMushrif, Carzaty, Alma Health, and plenty of homegrown success. OTF is, bluntly, a mainstay for both founders and fellow VCs sizing up Oman’s startup ecosystem. If you’re going after institutional funding, they’re your North Star.

The original private VC name in Oman, Phaze Ventures is boldly geared towards disruptive tech—deeptech, AI, and Web3. With portfolio notches like eMushrif, Carzaty, Improvability.AI and big cheques in high-profile AI rounds, they’re the kind of “dare to be different” investor that ecosystem insiders like Arageek tend to rave about. If your startup is hunting a lead for seed or Series A, this is one of the few Muscat VCs genuinely ready to move fast and break the old rules. Their Dubai office helps with regional reach, but heart is still in Oman.

Waad Investment might be something of an enigma, but that hasn’t stopped them building a rep as one of Oman’s most active investors. With three known deals and a growing presence in local cap tables, they matter—especially for founders keen to avoid endless waiting for decisions. No formal website as yet, but some low-key VCs are just as effective when it comes to writing cheques. Don’t overlook them; they may turn up at precisely the right moment in your funding journey.

With each new fund, Omani founders gain another shot at the funding puzzle—no shortcuts, just lots of hustle and a growing line-up of investors who might back your next big play. Want more founder insights or deep dives into Muscat’s accelerators? As ever, keep an eye on Arageek for the latest.