Phaze Ventures Launches Two AI and Deeptech Funds Targeting $75 Million

Nov 1, 2026
The Oman based venture capital firm launched two funds for early stage AI and deeptech companies, with more than $40 million already committed.

Phaze Ventures launched two funds targeting more than $75 million in combined capital, with over $40 million already committed, according to CairoScene. The funds will invest in early stage AI and deeptech companies.

Phaze Ventures Fund II continues the firm's global investment strategy. Its institutional backers include ITHCA Group, Ominvest and Oman LNG Development Foundation. Phaze Ventures Oman Fund focuses on AI enabled companies operating in Oman and is anchored by Future Fund Oman.

The firm has completed 10 investments across the two funds, including Arabic.AI, Sully.ai, Andromeda Surgical, Boardy.ai and Metal. It has not disclosed each fund's individual target, closing date or deployed capital.

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