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Iliad Partners

UAEVenture Capital

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Location

UAE

Investment stages

SeedSeries A

Fund type

Venture Capital

Check size

$200K – $1M

About

Iliad Partners is a UAE-based venture capital firm founded in 2016 by Christos Mastoras, investing $1M-$5M tickets at Pre-Series A and Series A into fintech, proptech and logistics/B2B software companies across the MENA region. Its team of around a dozen people, including five partners, is drawn largely from former founders and operators. The firm runs the $50M Iliad Partners Tech Ventures Fund I, which took a first close in December 2024 and a second close in September 2025, backed by Greek banks Eurobank, National Bank of Greece and Piraeus Bank.

Founded
GCC relevance
Core GCC
How to reach out
Contact form on official website

Recent activity: Completed the second close of its $50M Tech Ventures Fund I on 30 September 2025, adding Eurobank, National Bank of Greece and Piraeus Bank as new investors. · source

Sector focus

SaaS & Enterprise Software

Notable portfolio

OTOPennyQashioHomzmart

Key people

Christos Mastoras

Founder & Managing Partner

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