Iliad Partners — Seed & Series A VC Firm
Iliad Partners is a Seed, Series A venture capital firm based in Dubai, United Arab Emirates investing in Other, SaaS, Enterprise. The firm has 8 portfolio companies in our records.
- Portfolio
- 8 companies on record
- Partners
- 8 listed
- Stage
- Seed, Series A
- Sectors
- Other, SaaS, Enterprise, Developer Tools
- HQ
- Dubai, United Arab Emirates
- Check size
- Not in our records
- AUM
- Not in our records
Last verified: 2026-10-17
Seed, Series A
8+ companies
8 partners
Investment Thesis
MENA-focused early-stage investor backing founders solving meaningful regional infrastructure and enterprise problems.
How Iliad Partners invests
Iliad Partners is a vc firm based in Dubai, United Arab Emirates. The firm invests at the Seed, Series A stages, with a focus on Other, SaaS, Enterprise, Developer Tools.
Iliad Partners has backed 8 companies in our records, including OTO, Penny Software, Qashio.
Partners & Team
Christos Mastoras
General Partner
Dalal Al Mutlaq
Partner
Evangelos Stefatos
Partner
Fethi Kirdar
Partner
Apostolos Binomakis
Partner
Samer Abdin
Partner
Constantine Nikitiadis
Partner
Rayan Khnaisser
Partner
Industry Focus
Invests In
Portfolio Companies (8)
Other
OTO
B2B logistics SaaS startup that enables corporates and SMEs to manage the shipping, delivery and tracking of parcels in a seamless and transparent way to their customers by providing access to 200+ local and regional delivery carriers at highly discounted prices.
Penny Software
B2B SaaS startup transforming procurement for medium and large corporates with its enterprise software platform that digitizes and streamlines the source-to-pay process, enhancing spend efficiency, governance, and compliance.
Qashio
B2B fintech startup offering a comprehensive spend management platform for businesses to manage expenses, payments with software-enabled corporate cards, accounts payable automation, and real-time reporting and tracking.
Comfi
B2B embedded finance platform that helps SMEs unlock working capital faster by offering flexible payment terms to their business customers up to 90 days, while enabling suppliers to get paid immediately.
Balio
Employs an AI-first approach to acquire, operate, and improve vertical SaaS businesses globally.
TruKKer
MENA’s “Uber for Trucks”, bringing innovation to the traditional road freight sector by enabling online on-demand trucking aggregation for B2B and B2C clients using an asset light model.
OSeven
B2B mobility startup offering innovative telematics and insurtech solutions based on a smartphone-based SaaS platform that tracks and analyzes driver behavior and performance for insurance groups, fleets, ride-hailing companies, and automobile manufacturers globally.
Fetchr
Innovative tech-driven last-mile courier service company that aimed to transform the traditional way of sending and receiving packages in the Middle East via a proprietary shipping and logistics solution. RIP.
- •Raising at Seed, Series A? You're squarely in their sweet spot.
- •Lead with your fit in Other, SaaS, Enterprise — the sectors they actively back.
- •warm intro preferred
- •Address your outreach to a specific partner, such as Christos Mastoras, General Partner.
- •A warm introduction beats a cold email. Get matched and request an intro.
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