Investor Profile: Khwarizmi Ventures — Thesis, Cheque Size & How to Apply

Riyadh-based Khwarizmi Ventures is one of Saudi Arabia's most active early-stage venture capital firms, and one of the clearest beneficiaries of the Gulf's startup boom. Founded in 2018, it closed a $70 million first fund in 2021 and then raised a second fund with a first close of more than $70 million. If you are working out how to get funding from Khwarizmi Ventures, the critical detail is which fund you are pitching: the cheque sizes changed between Fund I and Fund II.

Investment thesis

Khwarizmi Ventures describes its mission as enabling algorithms that will change the future, and its official site calls it the partner of choice for entrepreneurs aiming to become regional and global champions.

Sectors and stages

The firm invests at seed and Series A stage, with occasional pre-seed exceptions, across the Gulf Cooperation Council and the wider Middle East and North Africa region, including Pakistan in some descriptions. Its official site describes its sector stance as sector-agnostic, while its portfolio concentrates in e-commerce, fintech, digital health, property technology and, for Fund II, industrial technology and artificial-intelligence applications.

Fund size and cheque size

Fund I was $70 million, launched in 2021, with first cheques reported from $500,000 up to $2 million and close to half the fund reserved for follow-on investments. Fund II completed its first close in February 2026 at more than $70 million (over SAR 270 million) from institutional investors and Saudi family offices, and plans initial cheques of $1 million to $5 million into more than 20 early-stage startups. Founders should therefore pitch Fund II numbers, not Fund I numbers, for a new investment.

Notable portfolio

Fund I backed more than 30 startups, including Calo, Eyewa, Tamara, HALA and SiFi, spanning food, eyewear, buy-now-pay-later, payments and spend management. On exits, the firm reported five exits within Fund I's first five years, and then a sixth, a partial exit from Bosta reported in August 2026 at about a 3x net multiple.

Partners and team

The managing partner is Abdulaziz Al-Turki, formerly of McKinsey's Elixir Management Consulting and SABIC,. Ibrahim Almojel is founding partner and chairman of Khwarizmi Capital, and Arjun Chopra is a partner. Fund II is managed by a Capital Market Authority-licensed manager, licence number 23255-02, and its backers include the Saudi Industrial Investment Company, which invested to support industrial innovation in the Kingdom.

Programs run

Khwarizmi Ventures does not publish a standalone accelerator programme. Its support model is portfolio-based: talent, business development, fundraising help and market intelligence,.

Credits and perks

No published credits or perks programme was found for Khwarizmi Ventures. Founders should treat hiring, fundraising and market-intelligence support as the core non-capital offer, and ask what is included for their stage.

How to apply for funding

No public application form was found on the firm's official site. The route in is through khwarizmivc.com or a warm introduction from its Gulf network, with a pitch that shows proven traction, a credible Gulf expansion plan and a clear reason why a seed or Series A round, at a $1 million to $5 million initial cheque, is the right size.