Mena-based entrepreneur Tambi Jalouqa establishes Maza Ventures, a new venture aimed at supporting international software and deep tech startups hailing from the Middle East and North Africa region.
New Seed Fund Maza Ventures Launches in MENA
In an exciting development for the MENA venture capital (VC) ecosystem, Maza Ventures, a new seed fund, has been launched by Tambi Jalouqa, a software engineer turned entrepreneur. Jalouqa is well-known in the region for his role as the founding CTO of POSRocket, a Jordanian point-of-sale (POS) startup that was later acquired by Foodics.
Jalouqa, who also served as CEO of Propeller, has announced that Maza Ventures will focus on highly technical founding teams building globally relevant products in AI, enterprise software, B2B SaaS, biotech, robotics, and advanced computing. The fund is aimed at backing software and deeptech startups, with a particular interest in founders from the Middle East and North Africa.
In a novel approach for the MENA VC ecosystem, Maza Ventures plans to build the fund "in public," including sharing updates on the fundraising journey. This transparency is expected to provide valuable insights into the fundraising process for aspiring entrepreneurs in the region.
Before the launch of Maza Ventures, Jalouqa has already made eleven angel investments. He co-founded Xpand, a major product and software event in Jordan, and during his tenure at Propeller, he helped raise two funds and invested in companies like Maqsam, Gameball, Oto, and Lawhive.
Maza Ventures has raised about $8 million for its seed fund, positioning it as a relatively modest seed fund compared to larger funds such as Origin II, which is $300 million. While specific details about the fund's founders and precise investment sectors are not fully detailed, Maza is mentioned in a context listing various sectors including software, hardware, fintech, AI, nanotechnology, and others, suggesting a broad tech-oriented portfolio could be possible.
Despite the limited publicly available information, Maza Ventures appears to be an emerging seed fund likely concentrating on tech startup investments. The fund is "not afraid to back moonshots," indicating a willingness to invest in ambitious, high-risk projects.
As more details about Maza Ventures become available, it will be interesting to see how this new fund contributes to the growth of the MENA startup ecosystem. For now, the focus remains on the fund's transparency and commitment to supporting technical founders building globally relevant products.
[1] External sources: Various news articles and reports on Maza Ventures, accessed August 2025.
- Maza Ventures, a new seed fund focused on highly technical founding teams building globally relevant products in sectors like AI, enterprise software, B2B SaaS, biotech, robotics, and advanced computing, has launched in MENA, seeking to back software and deeptech startups with a particular interest in founders from the Middle East and North Africa.
- With an approach that includes transparency in the fundraising journey, Maza Ventures, which has raised about $8 million, is poised to invest in technology startups, not afraid to back moonshots and aiming to contribute to the growth of the MENA startup ecosystem.
