IL

Iliad Partners — Seed & Series A VC Firm

VC
Dubai, United Arab EmiratesWebsite

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

How to approach: warm intro preferred
Stage

Seed, Series A

Portfolio

8+ companies

Team

8 partners

Investor activity
Investments in last 12 months: 0

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

CM

Christos Mastoras

General Partner

DA

Dalal Al Mutlaq

Partner

ES

Evangelos Stefatos

Partner

FK

Fethi Kirdar

Partner

AB

Apostolos Binomakis

Partner

SA

Samer Abdin

Partner

CN

Constantine Nikitiadis

Partner

RK

Rayan Khnaisser

Partner

Industry Focus

Invests In

Other
SaaS
Enterprise
Developer Tools

Portfolio Companies (8)

Other

OT

OTO

Iliad Partners Tech Ventures Fund I LP

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.

PE

Penny Software

Iliad Partners Tech Ventures Fund I LP

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.

QA

Qashio

Iliad Partners Tech Ventures Fund I LP

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.

CO

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.

BA

Balio

Employs an AI-first approach to acquire, operate, and improve vertical SaaS businesses globally.

TR

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.

OS

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.

FE

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.

How to pitch Iliad Partners
  • •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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