A MENA focused Investment fund from Hambro Perks

Investing in game-changing early-stage technology companies at late Seed and Series A, led by outstanding entrepreneurs in sectors we have deep expertise such as Fintech, Healthtech, Enterprise tech, Logistics tech and Edtech.

Oryx Fund
Investing in late Seed and Series A
100% MENA focus
Backed by prominent regional investors

Our Team

Our fund is led by a dedicated team with domestic and international Venture Capital experience.

  • Ivo Detelinov

    Ivo Detelinov

    General Partner

  • Ali Qaiser

    Ali Qaiser

    General Partner

  • Dominic Perks

    Dominic Perks

    General Partner

  • Peter Soliman

    Peter Soliman

    General Counsel

  • Fahad Alfaez

    Fahad Alfaez

    Analyst

  • Hasan Kundi

    Hasan Kundi

    Head of Operations

Ivo Detelinov has been in Saudi Arabia since late 2013, when he joined Riyad Capital in Riyadh to set up their alternative investments group with a focus on Venture Capital. Prior to that he was in the Financial Sponsors Group of Merrill Lynch for 10 years in New York and London.

Ivo was the Senior Portfolio Manager at Riyad TAQNIA Fund (RTF) which is a $130m VC fund ($65m equity + $65m government-guaranteed debt facility) launched in 2015, focused on post-revenue Seed and Series A investments. It made 18 investments with a total (aggregate) Enterprise Value today of $440m.

Ivo and his associates have largely been seen as the “architects” of the venture asset class in the Kingdom of Saudi Arabia and has helped shape many Saudi VC programs.
In 2018, RTF was part of the largest GCC Series A when Saudi-based cloud communication start-up Unifonic closed a $21 million Series A funding round.

In 2019, RTF was also part of the new largest GCC Series A – in logistics tech company TruKKer, which raised $23 million. RTF is the largest shareholder in TruKKer and first invested in 2017 at a valuation of $4 million.

Ivo was previously on the boards of Beehive (the first MENA P2P lender), TruKKer and Souqalmal (the first MENA insurance comparison platform, in which Go Compare UK has also invested). Ivo and his RTF team had brought these 3 companies from their home base in Dubai, UAE into Saudi Arabia, thereby significantly increasing their growth prospects and valuations.

He is a CFA charter holder and an MBA in Finance from Stern School of Business at NYU.

Ali is a Managing Director at Hambro Perks and focuses on sourcing investment opportunities, executing new investments and portfolio management, focusing in particular on the MENA region. He also focuses on strategic partnerships and international expansion opportunities for portfolio companies.

Ali started his career in consulting at EY where he worked on complex corporate finance challenges for clients across the MENA region. He is also a former debt capital markets investment banker in the GCC advising on various landmark conventional and Islamic debt transactions & working with various entities of a Gulf sovereign for transactions of national importance.

Ali serves as Hambro Perks’ investor director on the board of Odondo and investor observer on the board of WeVat and has led transaction negotiation and execution for various new and follow-on Hambro Perks investments, including Muzmatch, WeVat and Sarwa. Ali is an Omani & GCC national, speaks three languages and holds a master’s degree from University College London.

Dominic founded Hambro Perks with Rupert Hambro CBE in 2013 with a shared vision of creating a firm to invest in game-changing companies with global ambitions. Dominic has built Hambro Perks from scratch attracting an international network of shareholders, a diverse group of sector experts who act as Venture Partners and a dedicated team of 20 professionals based in London.

Dominic serves as Chief Executive Officer and is a voting member and Chairman of the Adviser’s Investment Committee.

Hambro Perks has raised both permanent capital and has built an asset management business to deliver differentiated and distinctive investment strategies.

Dominic focuses on business development, originating and assessing new opportunities for investment and providing advice to our later-stage portfolio companies. Dominic’s business building skills and commitment to being a value-adding investor is central to the way the firm manages its assets. He as has been instrumental in bolstering boards, supporting management teams with advice and introducing strategic co-investors to a number of companies.

At Hambro Perks, Dominic has been responsible for originating many of its co-investments. He has been involved in all balance-sheet investments and he currently serves on the boards of Tempo, Takumi, The Dots and Rainmaking Venture Studios.

Dominic has an entrepreneurial background and, as a result, can provide support to management teams due to his own operational experience. He has founded and co-founded a number of portfolio companies which have scaled and exited. These include Takumi (social influencer marketplace) and Echo (digital pharmacy which was recently acquired by McKesson).

Prior to his entrepreneurial career, Dominic was a strategy consultant at McKinsey & Co where he advised clients on growth strategies including Microsoft, Orange, Goldman Sachs and BP. He was formerly an investment banker at Morgan Stanley where he primarily originated investment opportunities for private equity firms such as KKR, CVC and Apax. Dominic graduated from Oxford University with a first-class degree in English Literature.

Peter is Group General Counsel and Company Secretary at Hambro Perks. Having practised law for more than 18 years, Peter has an in-depth understanding of the asset management industry, from the structuring and establishment of investment products through to their continuing operations, providing incisive, practical and comprehensive legal, compliance and regulatory advice. With lengthy periods in both private practice and in industry, Peter has developed a keen understanding of the private equity and venture capital landscape enabling him to serve the needs and expectations of investors as well as investor-backed businesses and early-stage businesses seeking investment.

Prior to joining Hambro Perks, Peter served as General Counsel to leading mid-market private equity funds focused on providing investment capital for the acquisition and operational turnaround of underperforming companies. To complement his special interest in providing private equity and venture capital to tech-enabled businesses with high-growth potential, Peter had been supporting and investing alongside private equity and venture capital funds and their portfolio companies, providing tailored governance solutions, structuring and transactional support, advice in connection with exit planning, buy-side and sell-side due-diligence, assistance with investor selection and bid evaluation.

Peter gained much of his experience at leading international law firms CMS and Pinsent Masons. His experience spans the broad spectrum of corporate activity with a particular focus on the formation, structuring and management of alternative investment funds, mergers and acquisitions, and corporate restructurings and workout initiatives. This has included complex multi-jurisdictional corporate transactions, numerous acquisitions and disposals, turnarounds and reorganisations.

Peter also serves as Hambro Perks’ investor director on the board of HP Insurtech Gateway Limited, director of Hambro Perks Asset Management Limited, Gateway Fund GP Limited, Access Fund GP Limited and Hambro Perks Ventures GP Limited, a partner and member of the executive committee of Hambro Perks Advisory LLP.

Fahad Alfaez is an Analyst at Hambro Perks Oryx Fund based at our Riyadh offices. Fahad primarily focuses on due diligence, investments and portfolio management.

Fahad started his career at the reputable investment company Riyad Capital, working as an intern on Private Equity and Venture Capital.

Fahad holds a bachelor’s degree in finance from King Saud University is a Saudi national and speaks fluent English & Arabic.

Hasan heads up the operations at the firm across all offices, overseeing marketing operations, investor relations, office operations and fund operations.

Hasan started as a graduate engineer working in the world of technology startups. With expertise in company technology and processes, Hasan became an IT consultant and worked on some of Vodafone’s largest technology implementation projects globally before running operations at an FCA regulated fintech in London.

Hasan holds a first-class degree in automotive engineering from Kingston University, speaks two languages and setup a business in Japan importing food goods from Greece.

Contact Us

If you are an investor or an entrepreneur, please contact us using the forms below.

Abu Dhabi Office

Al Khatem Tower,
ADGM Square,
Al Maryah Island,
Abu Dhabi,
United Arab Emirates

Riyadh Office

Riyadh Techno Valley,
King Saud University,
Riyadh,
Kingdom of Saudi Arabia

London Office

111 Buckingham Palace Road,
London,
SW1W 0SR,
United Kingdom

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