Sukna Ventures

Sukna Ventures is a Riyadh-founded (2022) venture arm of Sukna Capital investing from pre-seed through Series B in fintech, digital infrastructure, gaming, education and health across Saudi Arabia, the UAE, Jordan, Egypt and Bahrain, with offices in Riyadh, Jeddah and Abu Dhabi. Led by managing partner Waleed Alballaa and founding partner/CEO Fares Bardeesi, the firm has made over 40 investments and, as of July 2025, planned to deploy more than $80 million by end of 2025, taking its total invested portfolio above $130 million.

Founded

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GCC relevance

Core GCC

How to reach out

Partner with us via official website

Recent activity: Announced plans to deploy over $80 million into Saudi and MENA startups by end of 2025, bringing total portfolio value above $130 million (published July 20, 2025). · source