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Phoenician Funds

Company

Investment-firm

Financing round

General

About Company
Phoenician Funds is a venture capital firm that invests in seed and early stage companies in Fintech and other attractive sectors in MENA.

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founded date

01.01.2015

Number of employees

IPO status

Private

Description

The team is made up of experienced advisors, problem solvers, and entrepreneurs who are passionate about technology and actively seek opportunities in sectors that are ripe for disruption. They provide strategic guidance, market access, and execution capabilities to drive long-term success of their portfolio companies. Founded in 2015, Phoenician VC focuses on early-stage technology companies across MENA, Europe, and the US.
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People

Founders
3
Mohamed Ibrahim
Mohamed Ibrahim

Mohamed Ibrahim

Mohamed is a Co-Founder at Phoenician Funds. He currently supports in the investment decision making process and portfolio companies’ capability building and business development. Mohamed has over 10 years of advisory, venture capital, investing and banking experience in Lebanon and the region with bulge bracket institutions (Booz & Co., Banking Control Commission of Lebanon). Mohamed is also the owner and CEO of More Capital, a financial institution registered at Banque du Liban, and iGroup Holding, an investment company incorporated in Lebanon with a diversified portfolio of companies in Lebanon and Africa. Mohamed has worked across the globe, with experience in the GCC, Levant, Central Africa, South East Asia and Eastern Europe, and exposure across a variety of topics covering investment strategy, portfolio allocation, venture capital, corporate finance, risk management and regulation, business and technology setup, real estate and construction, and government services. Mohamed holds a Master’s degree from ESA Business School, and a Bachelor’s degree from the American University of Beirut.

current job

Phoenician Funds
Phoenician Funds

Mohamed Ibrahim

Jad Salame
Jad Salame

Jad Salame

Jad is the Founder and Managing Partner of Phoenician Funds. He currently manages the day to day operations of the firm including the end to end investment process (deal sourcing, screening, transaction execution, portfolio monitoring and exit), team and capability building, communication and investor relations. Prior to launching the Fund, Jad worked for over 10 years in advisory and banking, and has experience in MENA, Europe and Asia with bulge bracket institutions (e.g., McKinsey, Booz & Co., J.P. Morgan). During that time, Jad advised more than 15 institutions (SWFs, investment companies, banks/regulators) on strategy design and execution, digitization, launching new businesses and ventures, international expansion, investment strategy, operating model and governance, mergers and acquisitions. He has worked across the globe including in the GCC, Turkey, Levant, North Africa and South East Asia, covering a variety of topics such as venture capital, private equity, investment banking, strategy, organization and governance, implementation and execution, as well as business and technology setup. Jad is also a board member at More Capital, a financial institution registered at Banque du Liban. He holds a Master’s degree from ESCP Europe, and a Bachelor’s degree from the American University of Beirut.

current job

Phoenician Funds
Phoenician Funds

Jad Salame

George Haimari
George Haimari

George Haimari

George has 24+ years of advisory and banking experience in MENA and Turkey with world-class institutions (McKinsey, Booz & Co., Citibank, Bank Audi). He is a Former McKinsey partner and leader of financial institutions practice in the Middle East region (2014-2018) George advised 30+ institutions in the region including banks, central banks, investment companies, conglomerates, and set up 5+ banks/ financial institutions end-to-end from strategy to implementation, launched 10+ new businesses for major financial institutions. He has a global geographic experience including GCC, Turkey, Levant, North Africa and Central and South East Asia George holds an MBA from the American University of Beirut, and a Bachelor’s degree from the Université Saint Joseph.

current job

Phoenician Funds
Phoenician Funds

George Haimari

Employee Profiles
8
Ahmad Tuffaha

Ahmad Tuffaha

Portfolio Manager

Ramzi Mneimneh

Ramzi Mneimneh

Portfolio Manager

George Haimari

George Haimari

Co-Founder

Mohamed Ibrahim

Mohamed Ibrahim

Co-Founder

Saeb Nahas

Saeb Nahas

Portfolio Manager

Jad Salame

Jad Salame

Managing Partner and Founder

Mary Farah Madbak

Mary Farah Madbak

Head of Accounting and Administration

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