OMAN —Phaze Ventures has initiated a dual-fund investment platform targeting over $75 million to accelerate capital deployment in artificial intelligence and deeptech sectors. The initiative comprises two distinct vehicles: a global fund focused on international technology innovators and a dedicated domestic fund aimed at nurturing homegrown AI enterprises. Early commitments have already surpassed $40 million, with anchor backing from prominent Omani institutional entities, including ITHCA Group, Ominvest, Oman LNG Development Foundation, and Future Fund Oman.
This capital mobilization represents a strategic pivot in regional investment behavior, shifting focus from passive participation in late-stage technology infrastructure toward active, early-stage venture creation. By establishing a localized yet globally oriented capital pool, the initiative addresses a critical gap in seed and early-stage financing for technical founders within the Gulf Cooperation Council. The timing aligns with broader national economic objectives, specifically Oman’s ongoing development of the International Financial Centre of Oman, designed to attract cross-border investment and foster a robust domestic innovation ecosystem.
The deployment strategy will directly impact several high-growth verticals, including enterprise software, healthcare technology, and capital markets infrastructure. Initial portfolio allocations demonstrate a focus on companies leveraging machine learning to optimize complex operational workflows, such as automated surgical systems and AI-driven fundraising platforms. This approach not only provides essential growth capital but also integrates regional startups into global supply chains through syndication with international venture firms.
For institutional investors and family offices across the region, this platform offers structured exposure to high-margin technology assets while supporting national economic diversification mandates. The dual-fund structure allows capital allocators to balance domestic developmental goals with the pursuit of global market returns. As the venture landscape becomes increasingly competitive, early conviction in technical founders with proven deployment metrics will be a primary differentiator for sustained portfolio performance.
Established in 2018, Phaze Ventures operates as the premier private venture capital firm in Oman. It specializes in early-stage artificial intelligence and deeptech allocations, maintaining operational offices across the Gulf Cooperation Council and North America to connect regional capital with international innovation.
