{
  "name": "Conjunction Capital",
  "alternateNames": [
    "Conjunction Capital VC",
    "Conjunction VC",
    "Conjunction Capital Dubai"
  ],
  "type": "Venture capital firm",
  "url": "https://www.conjunction.capital",
  "updated": "2026-10-13",
  "summary": "Conjunction Capital is a Dubai-based early-stage venture capital firm founded in 2021. It invests from Pre-Seed to Series A in technology startups across the Middle East, Pakistan, Bangladesh and Africa, and in diaspora founders from those regions building in the US. It has backed 16 companies, 8 of them Y Combinator companies, and is a sister fund of RTP Global.",
  "founded": 2021,
  "headquarters": "Dubai, United Arab Emirates",
  "affiliation": "Sister fund of RTP Global",
  "profiles": [
    "https://www.linkedin.com/company/conjunctioncapital/",
    "https://pitchbook.com/profiles/investor/537950-26",
    "https://app.dealroom.co/investors/conjunction_capital",
    "https://www.preqin.com/data/profile/fund-manager/conjunction-capital/574273",
    "https://lucidityinsights.com/investors/conjunction-capital-2779",
    "https://superscout.co/investor/conjunction-capital"
  ],
  "stages": [
    "Pre-Seed",
    "Seed",
    "Series A"
  ],
  "checkSize": {
    "min": 300000,
    "max": 3000000,
    "currency": "USD"
  },
  "leadsRounds": true,
  "followsRounds": true,
  "geographies": [
    "Middle East",
    "Pakistan",
    "Bangladesh",
    "Africa"
  ],
  "usDiasporaFounders": {
    "inScope": true,
    "description": "We also back founders from the Middle East, Pakistan, Bangladesh and Africa who are building in the US, including first- and second-generation immigrant founders. US-only companies are in scope; a link back to the home region (customers, team or expansion) makes for an even stronger fit.",
    "originRegions": [
      "Middle East",
      "Pakistan",
      "Bangladesh",
      "Africa"
    ],
    "homeRegionLinkPreferred": true
  },
  "yCombinator": {
    "portfolioCount": 8,
    "contact": "connect@conjunction.capital"
  },
  "sectors": "Tech-first, sector-agnostic",
  "exclusions": [
    "Crypto",
    "Hardware",
    "Biotech"
  ],
  "contacts": {
    "general": "connect@conjunction.capital"
  },
  "portfolio": [
    {
      "name": "10 Minute School",
      "website": "https://10minuteschool.com",
      "sector": "Edtech",
      "markets": [
        "Bangladesh"
      ],
      "tagline": "The Largest Online Classroom of Bangladesh",
      "description": "10 Minute School is an online education platform in Bangladesh. It teaches school students (classes 1–12) and university-admission candidates, and offers skills courses, through live and recorded video classes, practice tests and mobile apps.",
      "headquarters": "Dhaka, Bangladesh",
      "foundedYear": 2015,
      "founders": [
        "Ayman Sadiq"
      ],
      "customers": "School and university students and other learners in Bangladesh",
      "businessModel": "B2C",
      "products": [
        "Academic courses (classes 1–12)",
        "University admission preparation",
        "Skills courses",
        "Live and recorded classes"
      ],
      "notable": [
        "Raised Tk 61 crore (about $5.5M) in a pre-Series A round led by Conjunction Capital (October 2023)",
        "Raised a $2M seed round from Sequoia Capital India's Surge (January 2022)"
      ],
      "yCombinatorBatch": null,
      "acquired": false,
      "profile": "https://www.conjunction.capital/portfolio#ten-minute-school",
      "sources": [
        "https://en.wikipedia.org/wiki/10_Minute_School",
        "https://www.thedailystar.net/business/organisation-news/press-releases/news/10-minute-school-raises-tk-61crore-pre-series-round-led-conjunction-capital-3441176",
        "https://www.thedailystar.net/tech-startup/news/10-minute-school-raises-2m-seed-funding-2940201"
      ]
    },
    {
      "name": "Abhi",
      "website": "https://abhi.co",
      "sector": "Fintech",
      "markets": [
        "Pakistan",
        "Bangladesh",
        "UAE"
      ],
      "tagline": "Pakistan's 1st Financial Wellness Platform",
      "description": "Abhi is a financial wellness platform offering earned wage access, payroll financing and SME funding. Employers offer it as a benefit so salaried employees can draw part of their accrued salary before payday, and businesses use it to finance payroll and grow.",
      "headquarters": "Pakistan",
      "foundedYear": 2021,
      "founders": [
        "Omair Ansari",
        "Ali Ladhubhai"
      ],
      "customers": "Employers, their salaried employees, and SMEs",
      "businessModel": "B2B2C",
      "products": [
        "Earned wage access",
        "Payroll financing",
        "SME funding"
      ],
      "notable": [],
      "yCombinatorBatch": "Summer 2021",
      "acquired": false,
      "profile": "https://www.conjunction.capital/portfolio#abhi",
      "sources": [
        "https://abhi.co",
        "https://www.ycombinator.com/companies/abhi"
      ]
    },
    {
      "name": "Erad",
      "website": "https://erad.co",
      "sector": "Fintech",
      "markets": [
        "Saudi Arabia",
        "UAE"
      ],
      "tagline": "Non-dilutive funding and payments in the Middle East",
      "description": "Erad is a Riyadh-based financing platform for small and medium-sized businesses. It provides Shariah-compliant, non-dilutive working-capital financing, using a business's sales, marketing and banking data to make funding decisions, typically within about 48 hours.",
      "headquarters": "Riyadh, Saudi Arabia",
      "foundedYear": 2022,
      "founders": [
        "Salem Abu-Hammour",
        "Youssef Said",
        "Faris Yaghmour"
      ],
      "customers": "SMEs and startups in Saudi Arabia and the UAE",
      "businessModel": "B2B",
      "products": [
        "Shariah-compliant working-capital financing",
        "Revenue-based financing"
      ],
      "notable": [
        "Raised a $22M Series A led by MEVP (September 2026)"
      ],
      "yCombinatorBatch": "Summer 2022",
      "acquired": false,
      "profile": "https://www.conjunction.capital/portfolio#erad",
      "sources": [
        "https://www.ycombinator.com/companies/erad",
        "https://www.wamda.com/ar/2026/09/saudi-fintech-erad-raises-22-million-series-led-mevp",
        "https://www.menabytes.com/erad-pre-series-a/"
      ]
    },
    {
      "name": "Flextock",
      "website": "https://flextock.com",
      "sector": "Logistics",
      "markets": [
        "Egypt",
        "Saudi Arabia"
      ],
      "tagline": "Tech-enabled fulfillment provider in the Middle East & Africa",
      "description": "Flextock is a tech-enabled order fulfilment provider. It stores merchants' inventory in its warehouses, then picks, packs and delivers their online orders through a network of last-mile delivery partners.",
      "headquarters": "Cairo, Egypt",
      "foundedYear": 2020,
      "founders": [
        "Mohamed Mossaad",
        "Enas Siam"
      ],
      "customers": "E-commerce merchants and brands",
      "businessModel": "B2B",
      "products": [
        "Warehousing",
        "Order fulfilment",
        "Last-mile delivery"
      ],
      "notable": [],
      "yCombinatorBatch": "Winter 2021",
      "acquired": false,
      "profile": "https://www.conjunction.capital/portfolio#flextock",
      "sources": [
        "https://flextock.com",
        "https://www.ycombinator.com/companies/flextock"
      ]
    },
    {
      "name": "Krave Mart",
      "website": "https://kravemart.com",
      "sector": "Ecommerce",
      "markets": [
        "Pakistan"
      ],
      "tagline": "Grocery Delivery in Pakistan",
      "description": "Krave Mart is an online grocery and everyday-essentials store in Pakistan that delivers orders within minutes. It was acquired by ride-hailing company inDrive in March 2026.",
      "headquarters": "Karachi, Pakistan",
      "foundedYear": 2021,
      "founders": [
        "Kassim Shroff",
        "Ch Haziq Ahmed",
        "Hammad Bawany",
        "Mohammad Ahsan Kidwai"
      ],
      "customers": "Consumers",
      "businessModel": "B2C",
      "products": [
        "Quick-commerce grocery delivery"
      ],
      "notable": [
        "Acquired by inDrive (March 2026)"
      ],
      "yCombinatorBatch": "Summer 2022",
      "acquired": true,
      "profile": "https://www.conjunction.capital/portfolio#kravemart",
      "sources": [
        "https://kravemart.com",
        "https://www.ycombinator.com/companies/krave-mart",
        "https://techcrunch.com/2026/03/11/ride-hailing-indrive-acquires-pakistans-kravemart-to-bolster-grocery-delivery/"
      ]
    },
    {
      "name": "Maqsam",
      "website": "https://maqsam.com",
      "sector": "AI",
      "markets": [
        "Jordan",
        "Saudi Arabia",
        "UAE"
      ],
      "tagline": "Arabic-first AI customer service and cloud communications in MENA",
      "description": "Maqsam makes cloud contact-centre software with a built-in Arabic-first AI agent. Customer-service and sales teams in banking, retail, e-commerce, logistics, healthcare, education and government use it, and its AI agent handles customer calls in Arabic, across several dialects, and in English.",
      "headquarters": "Amman, Jordan",
      "foundedYear": 2019,
      "founders": [
        "Sinan Taifour",
        "Fouad Jeryes"
      ],
      "customers": "Businesses from SMBs to enterprises, and government institutions, in the Arab world",
      "businessModel": "B2B",
      "products": [
        "Cloud contact-centre software",
        "Arabic AI voice agent",
        "APIs and integrations"
      ],
      "notable": [],
      "yCombinatorBatch": null,
      "acquired": false,
      "profile": "https://www.conjunction.capital/portfolio#maqsam",
      "sources": [
        "https://maqsam.com",
        "https://maqsam.com/about",
        "https://arab.news/8hhqc"
      ]
    },
    {
      "name": "NymCard",
      "website": "https://nymcard.com",
      "sector": "Fintech",
      "markets": [
        "UAE",
        "Saudi Arabia",
        "Egypt"
      ],
      "tagline": "Full-stack payments infrastructure across MENA & Pakistan",
      "description": "NymCard provides payments infrastructure on a single platform, nCore. Banks, fintechs, exchange houses, telecoms, retailers and government bodies use it for card issuing and processing, lending, domestic and cross-border money movement, settlement, reconciliation and financial-crime controls, through APIs and cloud or on-premise deployment.",
      "headquarters": "Dubai, UAE",
      "foundedYear": null,
      "founders": [
        "Omar Onsi",
        "Ayman Chalhoub"
      ],
      "customers": "Banks, fintechs, exchange houses, telecoms, retailers and government entities",
      "businessModel": "B2B",
      "products": [
        "nCore platform",
        "Card issuing and processing",
        "Embedded lending",
        "Money movement",
        "Reconciliation",
        "Financial-crime controls"
      ],
      "notable": [
        "Raised a $33M Series B led by QED Investors (March 2025)"
      ],
      "yCombinatorBatch": null,
      "acquired": false,
      "profile": "https://www.conjunction.capital/portfolio#nymcard",
      "sources": [
        "https://nymcard.com",
        "https://www.wamda.com/en/2025/03/nymcard-closes-33-million-series-b-led-qed-investors"
      ]
    },
    {
      "name": "Playabl.ai",
      "website": "https://playabl.ai",
      "sector": "AI",
      "markets": [
        "US",
        "Saudi Arabia",
        "Jordan"
      ],
      "tagline": "TikTok for User-generated Games",
      "description": "Playabl is a no-code platform where people make web games by chatting with AI. Users describe a game idea, refine it in conversation, and publish a playable, shareable game in minutes, then play and share games made by others.",
      "headquarters": null,
      "foundedYear": null,
      "founders": [],
      "customers": "Consumers and game creators",
      "businessModel": "B2C",
      "products": [
        "AI chat game builder",
        "User-generated game publishing and feed"
      ],
      "notable": [],
      "yCombinatorBatch": "Spring 2026",
      "acquired": false,
      "profile": "https://www.conjunction.capital/portfolio#playabl-ai",
      "sources": [
        "https://playabl.ai"
      ]
    },
    {
      "name": "Postex",
      "website": "https://postex.pk",
      "sector": "Logistics",
      "markets": [
        "Pakistan"
      ],
      "tagline": "Fintech and embedded logistics for e-commerce merchants in Pakistan",
      "description": "PostEx is a logistics and fintech company for e-commerce merchants in Pakistan. It delivers cash-on-delivery orders nationwide and pays merchants upfront for them, so sellers don't wait for cash collection, and also offers growth financing, the XPay payment gateway and a business account.",
      "headquarters": "Lahore, Pakistan",
      "foundedYear": 2020,
      "founders": [
        "Muhammad Omer Khan"
      ],
      "customers": "E-commerce merchants and SMEs",
      "businessModel": "B2B",
      "products": [
        "Cash-on-delivery logistics with upfront payment",
        "Growth financing",
        "XPay payment gateway",
        "Business account"
      ],
      "notable": [
        "Raised a $7.3M pre-Series A led by Conjunction Capital to expand into Saudi Arabia and the UAE (August 2024)"
      ],
      "yCombinatorBatch": null,
      "acquired": false,
      "profile": "https://www.conjunction.capital/portfolio#postex",
      "sources": [
        "https://postex.pk",
        "https://techcrunch.com/2024/08/19/pakistans-postex-to-enter-new-markets-starting-with-saudi-arabia/",
        "https://www.wamda.com/en/2024/08/pakistan-postex-expand-gcc-securing-7-3-million-pre-series"
      ]
    },
    {
      "name": "Rasyn",
      "website": "https://rasyn.ai",
      "sector": "AI",
      "markets": [
        "US"
      ],
      "tagline": "Industrial chemicals designed with AI",
      "description": "Rasyn builds foundation AI models for chemistry and uses them to design industrial compounds and formulations, the multi-ingredient mixtures behind products like datacenter coolants, thermal pastes, paints and adhesives. It synthesizes and tests each design against a customer's performance and process requirements.",
      "headquarters": "San Francisco, US",
      "foundedYear": 2025,
      "founders": [
        "Ansh Tiwari",
        "Ayush Chauhan",
        "Daood Hashmi"
      ],
      "customers": "Industrial and manufacturing companies that need new chemical formulations",
      "businessModel": "B2B",
      "products": [
        "AI-designed industrial formulations"
      ],
      "notable": [],
      "yCombinatorBatch": "Summer 2026",
      "acquired": false,
      "profile": "https://www.conjunction.capital/portfolio#rasyn",
      "sources": [
        "https://rasyn.ai",
        "https://www.ycombinator.com/companies/rasyn"
      ]
    },
    {
      "name": "Revora",
      "website": "https://userevora.com",
      "sector": "AI",
      "markets": [
        "Saudi Arabia",
        "Bangladesh",
        "UAE",
        "Pakistan"
      ],
      "tagline": "AI-native platform for conversational e-commerce in Saudi Arabia",
      "description": "Revora, formerly MyAlice, is an AI conversational-commerce platform for online stores. Its AI agents are trained on a store's catalogue to answer product questions, recommend products, recover abandoned carts and take orders and payments over WhatsApp, Instagram and web chat, and it integrates with Salla, Zid, Shopify and WooCommerce.",
      "headquarters": "Saudi Arabia",
      "foundedYear": 2021,
      "founders": [
        "Shuvo Rahman",
        "Daniyal Baig"
      ],
      "customers": "E-commerce brands and online merchants",
      "businessModel": "B2B",
      "products": [
        "AI shopping agent",
        "AI support agent",
        "Unified inbox",
        "WhatsApp campaigns"
      ],
      "notable": [
        "Rebranded from MyAlice to Revora alongside a $2M seed round (June 2026)",
        "Focused on Saudi Arabia and the GCC since late 2024"
      ],
      "yCombinatorBatch": null,
      "acquired": false,
      "profile": "https://www.conjunction.capital/portfolio#revora",
      "sources": [
        "https://userevora.com",
        "https://www.wamda.com/en/2026/06/revora-raises-2-million-scale-ai-driven-conversational-commerce-mena"
      ]
    },
    {
      "name": "Uplift AI",
      "website": "https://upliftai.org",
      "sector": "AI",
      "markets": [
        "Pakistan",
        "US"
      ],
      "tagline": "Foundational Voice Models for regional languages",
      "description": "Uplift AI builds voice AI models for regional languages, starting with Urdu, and offers them through APIs and SDKs for text-to-speech. It also runs an AI calling platform that automates appointment booking, lead qualification and routine customer-service calls for businesses in Pakistan.",
      "headquarters": "San Francisco, US",
      "foundedYear": 2024,
      "founders": [
        "Hammad Malik",
        "Zaid Qureshi"
      ],
      "customers": "Developers and businesses serving Urdu and other regional-language speakers",
      "businessModel": "B2B",
      "products": [
        "Urdu text-to-speech API",
        "AI calling platform"
      ],
      "notable": [],
      "yCombinatorBatch": "Summer 2025",
      "acquired": false,
      "profile": "https://www.conjunction.capital/portfolio#uplift",
      "sources": [
        "https://upliftai.org",
        "https://www.ycombinator.com/companies/uplift-ai"
      ]
    },
    {
      "name": "Waseela",
      "website": "https://waseela.global",
      "sector": "Fintech",
      "markets": [
        "Pakistan"
      ],
      "tagline": "Shariah-compliant financing for Pakistan's rural economy",
      "description": "Waseela builds infrastructure for Pakistan's rural economy. It serves farmers and agri-retail businesses with access to farm inputs and, through bank partnerships, Shariah-compliant financing.",
      "headquarters": null,
      "foundedYear": null,
      "founders": [],
      "customers": "Farmers and agri-retail businesses in Pakistan",
      "businessModel": null,
      "products": [
        "Farm-input access",
        "Farmer financing through bank partners"
      ],
      "notable": [
        "Signed an agreement with Faysal Bank to offer Shariah-compliant digital financing to farmers (February 2026); CEO Tania Aidrus"
      ],
      "yCombinatorBatch": null,
      "acquired": false,
      "profile": "https://www.conjunction.capital/portfolio#waseela",
      "sources": [
        "https://waseela.global",
        "https://www.dawn.com/news/1972643",
        "https://propakistani.pk/2026/02/16/faysal-bank-waseela-pakistan-partner-to-fast-track-shariah-financing-for-farmers/"
      ]
    },
    {
      "name": "Whitehelmet",
      "website": "https://whitehelmet.sa",
      "sector": "AI",
      "markets": [
        "Saudi Arabia"
      ],
      "tagline": "AI progress tracking and management for the construction industry",
      "description": "WhiteHelmet is a Riyadh-based construction-technology company with an AI construction management platform. Project owners, engineering consultants and contractors use it to monitor and manage construction progress remotely, with 360° reality capture, GIS, document and cost management, reporting and an AI construction assistant called Asif.",
      "headquarters": "Riyadh, Saudi Arabia",
      "foundedYear": null,
      "founders": [],
      "customers": "Construction project owners, engineering consultants, contractors and developers",
      "businessModel": "B2B",
      "products": [
        "Construction management platform",
        "360° reality capture",
        "Asif AI construction assistant"
      ],
      "notable": [
        "Launched its Asif AI construction agent at LEAP 2025"
      ],
      "yCombinatorBatch": null,
      "acquired": false,
      "profile": "https://www.conjunction.capital/portfolio#whitehelmet",
      "sources": [
        "https://whitehelmet.sa",
        "https://www.middleeastainews.com/p/whitehelmet-ai-agent-for-construction"
      ]
    },
    {
      "name": "Zambeel",
      "website": "https://www.myzambeel.com",
      "sector": "Ecommerce",
      "markets": [
        "UAE",
        "Saudi Arabia",
        "Kuwait",
        "Qatar",
        "Oman",
        "Bahrain",
        "Iraq",
        "Pakistan",
        "US"
      ],
      "tagline": "E-commerce warehousing, fulfillment and payments in the GCC",
      "description": "Zambeel is an e-commerce enablement platform for sellers, brands and dropshippers selling into the Gulf. Sellers can dropship from its catalogue without holding inventory or registering a local company, and it also offers fulfilment (storage, order confirmation calls and last-mile delivery), private-label sourcing and e-commerce training.",
      "headquarters": null,
      "foundedYear": null,
      "founders": [
        "Abrar Bajwa",
        "Mohsin Zaka"
      ],
      "customers": "Online sellers, dropshippers and brands",
      "businessModel": "B2B",
      "products": [
        "Dropshipping",
        "Fulfilment (3PL)",
        "Zambeel 360 private-label sourcing",
        "E-commerce training"
      ],
      "notable": [],
      "yCombinatorBatch": null,
      "acquired": false,
      "profile": "https://www.conjunction.capital/portfolio#zambeel",
      "sources": [
        "https://www.myzambeel.com",
        "https://apps.shopify.com/zambeel"
      ]
    },
    {
      "name": "Ziina",
      "website": "https://ziina.com",
      "sector": "Fintech",
      "markets": [
        "UAE"
      ],
      "tagline": "A digital wallet for the Middle East & North Africa",
      "description": "Ziina is a UAE payments app for individuals and businesses. People send money to each other instantly, and businesses accept in-person and online payments with Apple Pay, Google Pay or card.",
      "headquarters": "United Arab Emirates",
      "foundedYear": 2020,
      "founders": [
        "Sarah Toukan",
        "Andrew Gold",
        "Faisal Toukan"
      ],
      "customers": "Consumers and businesses in the UAE",
      "businessModel": "B2B and B2C",
      "products": [
        "Peer-to-peer transfers",
        "Business payment acceptance"
      ],
      "notable": [],
      "yCombinatorBatch": "Winter 2021",
      "acquired": false,
      "profile": "https://www.conjunction.capital/portfolio#ziina",
      "sources": [
        "https://ziina.com",
        "https://www.ycombinator.com/companies/ziina"
      ]
    }
  ],
  "profilesChecked": "2026-10-13",
  "markets": [
    {
      "name": "Pakistan",
      "aliases": [],
      "sectors": [
        "AI",
        "Ecommerce",
        "Fintech",
        "Logistics"
      ],
      "companies": [
        "Abhi",
        "Krave Mart",
        "Postex",
        "Revora",
        "Uplift AI",
        "Waseela"
      ]
    },
    {
      "name": "Bangladesh",
      "aliases": [],
      "sectors": [
        "AI",
        "Edtech",
        "Fintech"
      ],
      "companies": [
        "10 Minute School",
        "Abhi",
        "Revora"
      ]
    },
    {
      "name": "United Arab Emirates",
      "aliases": [],
      "sectors": [
        "AI",
        "Ecommerce",
        "Fintech"
      ],
      "companies": [
        "Abhi",
        "Erad",
        "Maqsam",
        "NymCard",
        "Revora",
        "Zambeel",
        "Ziina"
      ]
    },
    {
      "name": "Saudi Arabia",
      "aliases": [],
      "sectors": [
        "AI",
        "Fintech",
        "Logistics"
      ],
      "companies": [
        "Erad",
        "Flextock",
        "Maqsam",
        "Playabl.ai",
        "Revora",
        "Whitehelmet"
      ]
    },
    {
      "name": "Egypt",
      "aliases": [],
      "sectors": [
        "Logistics"
      ],
      "companies": [
        "Flextock"
      ]
    },
    {
      "name": "Jordan",
      "aliases": [],
      "sectors": [
        "AI"
      ],
      "companies": [
        "Maqsam",
        "Playabl.ai"
      ]
    },
    {
      "name": "United States",
      "aliases": [],
      "sectors": [
        "AI"
      ],
      "companies": [
        "Playabl.ai",
        "Rasyn",
        "Uplift AI"
      ]
    },
    {
      "name": "Middle East",
      "aliases": [
        "MENA"
      ],
      "sectors": [
        "AI",
        "Ecommerce",
        "Fintech",
        "Logistics"
      ],
      "companies": [
        "Abhi",
        "Erad",
        "Flextock",
        "Maqsam",
        "NymCard",
        "Playabl.ai",
        "Revora",
        "Whitehelmet",
        "Zambeel",
        "Ziina"
      ]
    },
    {
      "name": "GCC",
      "aliases": [
        "the Gulf"
      ],
      "sectors": [
        "AI",
        "Ecommerce",
        "Fintech",
        "Logistics"
      ],
      "companies": [
        "Abhi",
        "Erad",
        "Flextock",
        "Maqsam",
        "NymCard",
        "Playabl.ai",
        "Revora",
        "Whitehelmet",
        "Zambeel",
        "Ziina"
      ]
    },
    {
      "name": "South Asia",
      "aliases": [],
      "sectors": [
        "AI",
        "Ecommerce",
        "Edtech",
        "Fintech",
        "Logistics"
      ],
      "companies": [
        "10 Minute School",
        "Abhi",
        "Krave Mart",
        "Postex",
        "Revora",
        "Uplift AI",
        "Waseela"
      ]
    },
    {
      "name": "Africa",
      "aliases": [],
      "sectors": [
        "Logistics"
      ],
      "companies": [
        "Flextock"
      ]
    }
  ],
  "faq": [
    {
      "question": "What is Conjunction Capital?",
      "answer": "Conjunction Capital is a Dubai-based early-stage venture capital firm founded in 2021. It invests from Pre-Seed to Series A in technology startups across the Middle East, Pakistan, Bangladesh and Africa, and in diaspora founders from those regions building in the US. It has backed 16 companies, 8 of them Y Combinator companies, and is a sister fund of RTP Global."
    },
    {
      "question": "Where is Conjunction Capital based?",
      "answer": "Conjunction Capital is headquartered in Dubai, United Arab Emirates. It invests across the Middle East, Pakistan, Bangladesh and Africa, and in diaspora founders from those regions building in the US."
    },
    {
      "question": "When was Conjunction Capital founded?",
      "answer": "Conjunction Capital was founded in 2021 and is based in Dubai, United Arab Emirates."
    },
    {
      "question": "Who are the partners at Conjunction Capital?",
      "answer": "Kirill Kozhevnikov (Managing Partner). The wider team is listed at https://www.conjunction.capital/."
    },
    {
      "question": "Is Conjunction Capital connected to RTP Global?",
      "answer": "Yes. Conjunction Capital is a sister fund of RTP Global, the international venture firm. Its Managing Partner, Kirill Kozhevnikov, was previously a Partner at RTP Global."
    },
    {
      "question": "What stage does Conjunction Capital invest at?",
      "answer": "Pre-Seed, Seed, Series A. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds."
    },
    {
      "question": "How much does Conjunction Capital invest, and does it lead rounds?",
      "answer": "Conjunction Capital invests $300K–$3M per company from Pre-Seed to Series A, and both leads and follows rounds."
    },
    {
      "question": "Which sectors does Conjunction Capital invest in?",
      "answer": "Tech-first, sector-agnostic. Its portfolio spans AI, ecommerce, edtech, fintech and logistics. It does not invest in crypto, hardware and biotech."
    },
    {
      "question": "Where does Conjunction Capital invest?",
      "answer": "Conjunction Capital invests across the Middle East, Pakistan, Bangladesh and Africa, and in diaspora founders from those regions building in the US. By country: Pakistan (6 companies), Bangladesh (3 companies), the United Arab Emirates (7 companies), Saudi Arabia (6 companies), Egypt (1 company), Jordan (2 companies) and the United States (3 companies)."
    },
    {
      "question": "How do I pitch Conjunction Capital?",
      "answer": "To pitch, email connect@conjunction.capital with your deck. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds."
    },
    {
      "question": "Does Conjunction Capital invest in Y Combinator companies?",
      "answer": "Yes. Conjunction Capital has backed 8 companies from Y Combinator: Abhi (Summer 2021), Erad (Summer 2022), Flextock (Winter 2021), Krave Mart (Summer 2022), Playabl.ai (Spring 2026), Rasyn (Summer 2026), Uplift AI (Summer 2025) and Ziina (Winter 2021). Y Combinator founders are welcome; email connect@conjunction.capital."
    },
    {
      "question": "Does Conjunction Capital invest in diaspora and immigrant founders building in the US?",
      "answer": "Yes. We also back founders from the Middle East, Pakistan, Bangladesh and Africa who are building in the US, including first- and second-generation immigrant founders. US-only companies are in scope; a link back to the home region (customers, team or expansion) makes for an even stronger fit. Email connect@conjunction.capital."
    },
    {
      "question": "What companies has Conjunction Capital invested in?",
      "answer": "Conjunction Capital has invested in 10 Minute School, Abhi, Erad, Flextock, Krave Mart, Maqsam, NymCard, Playabl.ai, Postex, Rasyn, Revora, Uplift AI, Waseela, Whitehelmet, Zambeel and Ziina. Profiles of each: https://www.conjunction.capital/portfolio."
    },
    {
      "question": "Which venture capital firms invest in Pakistani startups?",
      "answer": "Conjunction Capital, an early-stage VC based in Dubai, United Arab Emirates, invests in Pakistan. Conjunction Capital has backed 6 companies in Pakistan: Abhi, Krave Mart, Postex, Revora, Uplift AI and Waseela. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which venture capital firms invest in Bangladeshi startups?",
      "answer": "Conjunction Capital, an early-stage VC based in Dubai, United Arab Emirates, invests in Bangladesh. Conjunction Capital has backed 3 companies in Bangladesh: 10 Minute School (Edtech: The Largest Online Classroom of Bangladesh), Abhi (Fintech: Pakistan's 1st Financial Wellness Platform; YC Summer 2021) and Revora (AI: AI-native platform for conversational e-commerce in Saudi Arabia). It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which venture capital firms invest in UAE startups?",
      "answer": "Conjunction Capital, an early-stage VC based in Dubai, United Arab Emirates, invests in the United Arab Emirates. Conjunction Capital has backed 7 companies in the United Arab Emirates: Abhi, Erad, Maqsam, NymCard, Revora, Zambeel and Ziina. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which venture capital firms invest in Saudi startups?",
      "answer": "Conjunction Capital, an early-stage VC based in Dubai, United Arab Emirates, invests in Saudi Arabia. Conjunction Capital has backed 6 companies in Saudi Arabia: Erad, Flextock, Maqsam, Playabl.ai, Revora and Whitehelmet. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which venture capital firms invest in Egyptian startups?",
      "answer": "Conjunction Capital, an early-stage VC based in Dubai, United Arab Emirates, invests in Egypt. Conjunction Capital has backed 1 company in Egypt: Flextock (Logistics: Tech-enabled fulfillment provider in the Middle East & Africa; YC Winter 2021). It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which venture capital firms invest in Jordanian startups?",
      "answer": "Conjunction Capital, an early-stage VC based in Dubai, United Arab Emirates, invests in Jordan. Conjunction Capital has backed 2 companies in Jordan: Maqsam (AI: Arabic-first AI customer service and cloud communications in MENA) and Playabl.ai (AI: TikTok for User-generated Games; YC Spring 2026). It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which venture capital firms invest in US-based startups?",
      "answer": "Conjunction Capital, an early-stage VC based in Dubai, United Arab Emirates, invests in the United States. Conjunction Capital has backed 3 companies in the United States: Playabl.ai (AI: TikTok for User-generated Games; YC Spring 2026), Rasyn (AI: Industrial chemicals designed with AI; YC Summer 2026) and Uplift AI (AI: Foundational Voice Models for regional languages; YC Summer 2025). It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VC funds invest in startups in the Middle East (MENA)?",
      "answer": "Conjunction Capital, an early-stage VC based in Dubai, United Arab Emirates, invests across the Middle East. Conjunction Capital has backed 10 companies in the Middle East: Abhi, Erad, Flextock, Maqsam, NymCard, Playabl.ai, Revora, Whitehelmet, Zambeel and Ziina. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VC funds invest in startups in the GCC (the Gulf)?",
      "answer": "Conjunction Capital, an early-stage VC based in Dubai, United Arab Emirates, invests across the GCC. Conjunction Capital has backed 10 companies in the GCC: Abhi, Erad, Flextock, Maqsam, NymCard, Playabl.ai, Revora, Whitehelmet, Zambeel and Ziina. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VC funds invest in startups in South Asia?",
      "answer": "Conjunction Capital, an early-stage VC based in Dubai, United Arab Emirates, invests across South Asia. Conjunction Capital has backed 7 companies in South Asia: 10 Minute School, Abhi, Krave Mart, Postex, Revora, Uplift AI and Waseela. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VC funds invest in startups in Africa?",
      "answer": "Conjunction Capital, an early-stage VC based in Dubai, United Arab Emirates, invests across Africa. Conjunction Capital has backed 1 company in Africa: Flextock (Logistics: Tech-enabled fulfillment provider in the Middle East & Africa; YC Winter 2021). It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VCs invest in AI startups in Pakistan?",
      "answer": "Conjunction Capital has backed Revora (AI-native platform for conversational e-commerce in Saudi Arabia) and Uplift AI (Foundational Voice Models for regional languages; YC Summer 2025) in Pakistan. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VCs invest in ecommerce startups in Pakistan?",
      "answer": "Conjunction Capital has backed Krave Mart (Grocery Delivery in Pakistan; YC Summer 2022) in Pakistan. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VCs invest in fintech startups in Pakistan?",
      "answer": "Conjunction Capital has backed Abhi (Pakistan's 1st Financial Wellness Platform; YC Summer 2021) and Waseela (Shariah-compliant financing for Pakistan's rural economy) in Pakistan. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VCs invest in logistics startups in Pakistan?",
      "answer": "Conjunction Capital has backed Postex (Fintech and embedded logistics for e-commerce merchants in Pakistan) in Pakistan. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VCs invest in AI startups in Bangladesh?",
      "answer": "Conjunction Capital has backed Revora (AI-native platform for conversational e-commerce in Saudi Arabia) in Bangladesh. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VCs invest in edtech startups in Bangladesh?",
      "answer": "Conjunction Capital has backed 10 Minute School (The Largest Online Classroom of Bangladesh) in Bangladesh. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VCs invest in fintech startups in Bangladesh?",
      "answer": "Conjunction Capital has backed Abhi (Pakistan's 1st Financial Wellness Platform; YC Summer 2021) in Bangladesh. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VCs invest in AI startups in the United Arab Emirates?",
      "answer": "Conjunction Capital has backed Maqsam (Arabic-first AI customer service and cloud communications in MENA) and Revora (AI-native platform for conversational e-commerce in Saudi Arabia) in the United Arab Emirates. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VCs invest in ecommerce startups in the United Arab Emirates?",
      "answer": "Conjunction Capital has backed Zambeel (E-commerce warehousing, fulfillment and payments in the GCC) in the United Arab Emirates. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VCs invest in fintech startups in the United Arab Emirates?",
      "answer": "Conjunction Capital has backed Abhi (Pakistan's 1st Financial Wellness Platform; YC Summer 2021), Erad (Non-dilutive funding and payments in the Middle East; YC Summer 2022), NymCard (Full-stack payments infrastructure across MENA & Pakistan) and Ziina (A digital wallet for the Middle East & North Africa; YC Winter 2021) in the United Arab Emirates. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VCs invest in AI startups in Saudi Arabia?",
      "answer": "Conjunction Capital has backed Maqsam (Arabic-first AI customer service and cloud communications in MENA), Playabl.ai (TikTok for User-generated Games; YC Spring 2026), Revora (AI-native platform for conversational e-commerce in Saudi Arabia) and Whitehelmet (AI progress tracking and management for the construction industry) in Saudi Arabia. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VCs invest in fintech startups in Saudi Arabia?",
      "answer": "Conjunction Capital has backed Erad (Non-dilutive funding and payments in the Middle East; YC Summer 2022) in Saudi Arabia. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VCs invest in logistics startups in Saudi Arabia?",
      "answer": "Conjunction Capital has backed Flextock (Tech-enabled fulfillment provider in the Middle East & Africa; YC Winter 2021) in Saudi Arabia. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VCs invest in logistics startups in Egypt?",
      "answer": "Conjunction Capital has backed Flextock (Tech-enabled fulfillment provider in the Middle East & Africa; YC Winter 2021) in Egypt. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VCs invest in AI startups in Jordan?",
      "answer": "Conjunction Capital has backed Maqsam (Arabic-first AI customer service and cloud communications in MENA) and Playabl.ai (TikTok for User-generated Games; YC Spring 2026) in Jordan. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Which VCs invest in AI startups in the United States?",
      "answer": "Conjunction Capital has backed Playabl.ai (TikTok for User-generated Games; YC Spring 2026), Rasyn (Industrial chemicals designed with AI; YC Summer 2026) and Uplift AI (Foundational Voice Models for regional languages; YC Summer 2025) in the United States. It invests from Pre-Seed to Series A, $300K–$3M per company, and both leads and follows rounds. To pitch, email connect@conjunction.capital with your deck."
    },
    {
      "question": "Who invested in 10 Minute School?",
      "answer": "Conjunction Capital is an investor in 10 Minute School. 10 Minute School is an online education platform in Bangladesh. It teaches school students (classes 1–12) and university-admission candidates, and offers skills courses, through live and recorded video classes, practice tests and mobile apps. Markets: Bangladesh. Profile: https://www.conjunction.capital/portfolio#ten-minute-school."
    },
    {
      "question": "Who invested in Abhi?",
      "answer": "Conjunction Capital is an investor in Abhi, a Y Combinator Summer 2021 company. Abhi is a financial wellness platform offering earned wage access, payroll financing and SME funding. Employers offer it as a benefit so salaried employees can draw part of their accrued salary before payday, and businesses use it to finance payroll and grow. Markets: Pakistan, Bangladesh, UAE. Profile: https://www.conjunction.capital/portfolio#abhi."
    },
    {
      "question": "Who invested in Erad?",
      "answer": "Conjunction Capital is an investor in Erad, a Y Combinator Summer 2022 company. Erad is a Riyadh-based financing platform for small and medium-sized businesses. It provides Shariah-compliant, non-dilutive working-capital financing, using a business's sales, marketing and banking data to make funding decisions, typically within about 48 hours. Markets: Saudi Arabia, UAE. Profile: https://www.conjunction.capital/portfolio#erad."
    },
    {
      "question": "Who invested in Flextock?",
      "answer": "Conjunction Capital is an investor in Flextock, a Y Combinator Winter 2021 company. Flextock is a tech-enabled order fulfilment provider. It stores merchants' inventory in its warehouses, then picks, packs and delivers their online orders through a network of last-mile delivery partners. Markets: Egypt, Saudi Arabia. Profile: https://www.conjunction.capital/portfolio#flextock."
    },
    {
      "question": "Who invested in Krave Mart?",
      "answer": "Conjunction Capital is an investor in Krave Mart, a Y Combinator Summer 2022 company. Krave Mart is an online grocery and everyday-essentials store in Pakistan that delivers orders within minutes. It was acquired by ride-hailing company inDrive in March 2026. Markets: Pakistan. Profile: https://www.conjunction.capital/portfolio#kravemart."
    },
    {
      "question": "Who invested in Maqsam?",
      "answer": "Conjunction Capital is an investor in Maqsam. Maqsam makes cloud contact-centre software with a built-in Arabic-first AI agent. Customer-service and sales teams in banking, retail, e-commerce, logistics, healthcare, education and government use it, and its AI agent handles customer calls in Arabic, across several dialects, and in English. Markets: Jordan, Saudi Arabia, UAE. Profile: https://www.conjunction.capital/portfolio#maqsam."
    },
    {
      "question": "Who invested in NymCard?",
      "answer": "Conjunction Capital is an investor in NymCard. NymCard provides payments infrastructure on a single platform, nCore. Banks, fintechs, exchange houses, telecoms, retailers and government bodies use it for card issuing and processing, lending, domestic and cross-border money movement, settlement, reconciliation and financial-crime controls, through APIs and cloud or on-premise deployment. Markets: UAE, Saudi Arabia, Egypt. Profile: https://www.conjunction.capital/portfolio#nymcard."
    },
    {
      "question": "Who invested in Playabl.ai?",
      "answer": "Conjunction Capital is an investor in Playabl.ai, a Y Combinator Spring 2026 company. Playabl is a no-code platform where people make web games by chatting with AI. Users describe a game idea, refine it in conversation, and publish a playable, shareable game in minutes, then play and share games made by others. Markets: US, Saudi Arabia, Jordan. Profile: https://www.conjunction.capital/portfolio#playabl-ai."
    },
    {
      "question": "Who invested in Postex?",
      "answer": "Conjunction Capital is an investor in Postex. PostEx is a logistics and fintech company for e-commerce merchants in Pakistan. It delivers cash-on-delivery orders nationwide and pays merchants upfront for them, so sellers don't wait for cash collection, and also offers growth financing, the XPay payment gateway and a business account. Markets: Pakistan. Profile: https://www.conjunction.capital/portfolio#postex."
    },
    {
      "question": "Who invested in Rasyn?",
      "answer": "Conjunction Capital is an investor in Rasyn, a Y Combinator Summer 2026 company. Rasyn builds foundation AI models for chemistry and uses them to design industrial compounds and formulations, the multi-ingredient mixtures behind products like datacenter coolants, thermal pastes, paints and adhesives. It synthesizes and tests each design against a customer's performance and process requirements. Markets: US. Profile: https://www.conjunction.capital/portfolio#rasyn."
    },
    {
      "question": "Who invested in Revora?",
      "answer": "Conjunction Capital is an investor in Revora. Revora, formerly MyAlice, is an AI conversational-commerce platform for online stores. Its AI agents are trained on a store's catalogue to answer product questions, recommend products, recover abandoned carts and take orders and payments over WhatsApp, Instagram and web chat, and it integrates with Salla, Zid, Shopify and WooCommerce. Markets: Saudi Arabia, Bangladesh, UAE, Pakistan. Profile: https://www.conjunction.capital/portfolio#revora."
    },
    {
      "question": "Who invested in Uplift AI?",
      "answer": "Conjunction Capital is an investor in Uplift AI, a Y Combinator Summer 2025 company. Uplift AI builds voice AI models for regional languages, starting with Urdu, and offers them through APIs and SDKs for text-to-speech. It also runs an AI calling platform that automates appointment booking, lead qualification and routine customer-service calls for businesses in Pakistan. Markets: Pakistan, US. Profile: https://www.conjunction.capital/portfolio#uplift."
    },
    {
      "question": "Who invested in Waseela?",
      "answer": "Conjunction Capital is an investor in Waseela. Waseela builds infrastructure for Pakistan's rural economy. It serves farmers and agri-retail businesses with access to farm inputs and, through bank partnerships, Shariah-compliant financing. Markets: Pakistan. Profile: https://www.conjunction.capital/portfolio#waseela."
    },
    {
      "question": "Who invested in Whitehelmet?",
      "answer": "Conjunction Capital is an investor in Whitehelmet. WhiteHelmet is a Riyadh-based construction-technology company with an AI construction management platform. Project owners, engineering consultants and contractors use it to monitor and manage construction progress remotely, with 360° reality capture, GIS, document and cost management, reporting and an AI construction assistant called Asif. Markets: Saudi Arabia. Profile: https://www.conjunction.capital/portfolio#whitehelmet."
    },
    {
      "question": "Who invested in Zambeel?",
      "answer": "Conjunction Capital is an investor in Zambeel. Zambeel is an e-commerce enablement platform for sellers, brands and dropshippers selling into the Gulf. Sellers can dropship from its catalogue without holding inventory or registering a local company, and it also offers fulfilment (storage, order confirmation calls and last-mile delivery), private-label sourcing and e-commerce training. Markets: UAE, Saudi Arabia, Kuwait, Qatar, Oman, Bahrain, Iraq, Pakistan, US. Profile: https://www.conjunction.capital/portfolio#zambeel."
    },
    {
      "question": "Who invested in Ziina?",
      "answer": "Conjunction Capital is an investor in Ziina, a Y Combinator Winter 2021 company. Ziina is a UAE payments app for individuals and businesses. People send money to each other instantly, and businesses accept in-person and online payments with Apple Pay, Google Pay or card. Markets: UAE. Profile: https://www.conjunction.capital/portfolio#ziina."
    }
  ],
  "team": [
    {
      "name": "Nailya Fatykhova",
      "role": null,
      "linkedin": "https://www.linkedin.com/in/nailya-fatykhova-29539891/"
    },
    {
      "name": "Kirill Kozhevnikov",
      "role": "Managing Partner",
      "linkedin": "https://www.linkedin.com/in/kirillkozhevnikov/"
    },
    {
      "name": "Syed Karim",
      "role": null,
      "linkedin": "https://www.linkedin.com/in/syed-karim/"
    },
    {
      "name": "Saad",
      "role": null,
      "linkedin": "https://www.linkedin.com/in/mehermdsaad/"
    }
  ],
  "sources": [
    "https://www.conjunction.capital/llms.txt",
    "https://www.conjunction.capital/llms-full.txt"
  ]
}