Omar Darwazah
New York, New York, United States
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http://www.aaf.vc
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http://www.omardarwazah.com
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Omar is the Managing Director and General Partner of AAF Management Ltd. (AAF), an…
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21K followers
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Omar Darwazah shared thisDoha, Qatar 🇶🇦 - last month, I was invited to join a panel on how AI is fundamentally reshaping the venture capital playbook, alongside my Kauffman Fellows peers at Web Summit Qatar. I was joined by: • Aly El Shalakany: Co-Founder & CEO, Acasia Ventures • Ambar Amleh: Founder & Managing Partner, Ibtikar Fund • Beau Seil: Managing Director, Atta Prime The session, organized by the Qatar Research, Development and Innovation (QRDI) Council was titled "𝐅𝐫𝐨𝐦 𝐇𝐲𝐩𝐞 𝐭𝐨 𝐒𝐢𝐠𝐧𝐚𝐥: 𝐒𝐩𝐨𝐭𝐥𝐢𝐠𝐡𝐭 𝐨𝐧 𝐕𝐞𝐧𝐭𝐮𝐫𝐞 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐓𝐨𝐝𝐚𝐲." A few themes that stayed with me: 1️⃣ 𝐀𝐈 𝐢𝐬 𝐩𝐞𝐫𝐦𝐚𝐧𝐞𝐧𝐭𝐥𝐲 𝐝𝐢𝐬𝐫𝐮𝐩𝐭𝐢𝐧𝐠 𝐕𝐂 𝐰𝐨𝐫𝐤𝐟𝐥𝐨𝐰𝐬. 𝑬𝒗𝒆𝒓𝒚 𝒍𝒂𝒚𝒆𝒓 𝒐𝒇 𝒕𝒉𝒆 𝒔𝒕𝒂𝒄𝒌 𝒊𝒔 𝒃𝒆𝒊𝒏𝒈 𝒓𝒆-𝒂𝒓𝒄𝒉𝒊𝒕𝒆𝒄𝒕𝒆𝒅 — deal sourcing is augmented by machine-driven pattern recognition, screening is increasingly automated and technical diligence is faster and deeper. 𝑻𝒉𝒆 𝒇𝒊𝒓𝒎𝒔 𝒕𝒉𝒂𝒕 𝒕𝒓𝒆𝒂𝒕 𝑨𝑰 𝒂𝒔 𝒊𝒏𝒕𝒆𝒓𝒏𝒂𝒍 𝒊𝒏𝒇𝒓𝒂𝒔𝒕𝒓𝒖𝒄𝒕𝒖𝒓𝒆, 𝒏𝒐𝒕 𝒂 𝒏𝒐𝒗𝒆𝒍𝒕𝒚, 𝒘𝒊𝒍𝒍 𝒐𝒖𝒕-𝒆𝒙𝒆𝒄𝒖𝒕𝒆 𝒕𝒉𝒐𝒔𝒆 𝒕𝒉𝒂𝒕 𝒅𝒐𝒏'𝒕. This is no longer about "investing in AI" - it's about becoming an AI-augmented firm. 2️⃣ 𝐀𝐈 𝐢𝐬 𝐦𝐚𝐤𝐢𝐧𝐠 𝐢𝐭 𝐡𝐚𝐫𝐝𝐞𝐫 — 𝐧𝐨𝐭 𝐞𝐚𝐬𝐢𝐞𝐫 — 𝐭𝐨 𝐛𝐞 𝐚 𝐒𝐞𝐞𝐝 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫. Counterintuitive, but true. 𝑩𝒂𝒓𝒓𝒊𝒆𝒓𝒔 𝒕𝒐 𝒃𝒖𝒊𝒍𝒅𝒊𝒏𝒈 𝒉𝒂𝒗𝒆 𝒄𝒐𝒍𝒍𝒂𝒑𝒔𝒆𝒅. Capital requirements are lower. Teams are leaner. But iteration speed is exponential. When I raised my first fund in 2017 at AAF Management Ltd., underwriting a Seed company meant evaluating product velocity, team strength, and market timing within relatively stable software paradigms. 𝑻𝒐𝒅𝒂𝒚, 𝒑𝒓𝒐𝒅𝒖𝒄𝒕 𝒄𝒚𝒄𝒍𝒆𝒔 𝒂𝒓𝒆 𝒎𝒆𝒂𝒔𝒖𝒓𝒆𝒅 𝒊𝒏 𝒘𝒆𝒆𝒌𝒔. "Vibe coding" compresses 12 month roadmaps into a single quarter. Technical differentiation is harder to assess and moats decay faster. Open-source and foundation models level the playing field instantly. 𝑪𝒐𝒏𝒗𝒊𝒄𝒕𝒊𝒐𝒏 𝒎𝒖𝒔𝒕 𝒇𝒐𝒓𝒎 𝒇𝒂𝒔𝒕𝒆𝒓. Capital must be deployed with sharper underwriting. And the cost of being wrong compounds quickly in a world of accelerated competition. 3️⃣ 𝐀𝐈 𝐢𝐬 𝐝𝐞𝐜𝐨𝐮𝐩𝐥𝐢𝐧𝐠 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐟𝐫𝐨𝐦 𝐡𝐞𝐚𝐝𝐜𝐨𝐮𝐧𝐭. 𝑾𝒆 𝒂𝒓𝒆 𝒘𝒊𝒕𝒏𝒆𝒔𝒔𝒊𝒏𝒈 𝒕𝒉𝒆 𝒆𝒂𝒓𝒍𝒚 𝒔𝒕𝒂𝒈𝒆𝒔 𝒐𝒇 𝒕𝒓𝒖𝒆 𝒐𝒑𝒆𝒓𝒂𝒕𝒊𝒏𝒈 𝒍𝒆𝒗𝒆𝒓𝒂𝒈𝒆 𝒂𝒕 𝒔𝒄𝒂𝒍𝒆. AI-native companies can generate meaningful revenue with historically small teams — that changes how we think about burn, margins, defensibility, and long-term value creation. Traditional SaaS metrics still matter, but they're no longer sufficient on their own. 𝑾𝒆 𝒂𝒓𝒆 𝒏𝒐 𝒍𝒐𝒏𝒈𝒆𝒓 𝒋𝒖𝒔𝒕 𝒇𝒖𝒏𝒅𝒊𝒏𝒈 𝒔𝒐𝒇𝒕𝒘𝒂𝒓𝒆 𝒄𝒐𝒎𝒑𝒂𝒏𝒊𝒆𝒔. 𝑾𝒆 𝒂𝒓𝒆 𝒇𝒖𝒏𝒅𝒊𝒏𝒈 𝒔𝒚𝒔𝒕𝒆𝒎𝒔 𝒐𝒇 𝒊𝒏𝒕𝒆𝒍𝒍𝒊𝒈𝒆𝒏𝒄𝒆. 𝐌𝐲 𝐛𝐢𝐠𝐠𝐞𝐬𝐭 𝐭𝐚𝐤𝐞𝐚𝐰𝐚𝐲: this investment era demands speed, humility, relearning and conviction and it will reward the relentlessly adaptive. #venture #websummit #qatar #VC
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Omar Darwazah shared thisAt AAF Management Ltd. we first met Tim Hwang and Jonathan Chen in 2016 when they were building FiscalNote and committed to the company's Series C. The company has since gone public. It was a no brainer for us to back them again in their newest endeavor Nitra. At Nitra they are building the world's first fully autonomous healthcare practice to make a more efficient healthcare system. The company has seen exponential growth ending 2025 with $33 million in ARR and projected to hit a nine figure ARR in 2026. And this is just the first inning of their growth! We are excited to see them revolutionize the way healthcare practices run their businesses in the age of the AI-driven agentic economy! 🚀 #healthcare #VC #venture #financing #fintech #AI #agentsOmar Darwazah shared thisCongratulations Tim Hwang, Jonathan Chen and the entire Nitra team for raising a combined $187 million Series A and B and coming out of stealth! At AAF Management Ltd. we're proud to have been on your journey since the Seed round in 2021! 🚀 Tim Hwang has spent his career moving between politics, policy, and startups. He worked on Barack Obama’s 2008 presidential campaign, studied public policy at Princeton, and took his first company, FiscalNote, public before he turned 30. Now, at the helm of Nitra, a healthcare financial and operational platform, he’s doing what he calls “the perfect confluence of everything I’ve worked on in the past.” Nitra is an AI-native operating platform built specifically for medical practices. Rather than patching together separate tools for billing, purchasing, scheduling, and insurance verification, Nitra consolidates all of it into a single system powered by AI agents. The company targets the administrative layer of healthcare—the back-office work that consumes enormous time and costs inside clinics—and automates it end to end, from expense management and accounting to patient communications and claims filing. It is, in Hwang’s words, designed to replace the fragmented patchwork of software that most practices currently rely on just to keep the lights on. On Tuesday, Nitra announced a $50 million Series B round, bringing its total capital raised to $205 million. The funding comes alongside a milestone: the company’s platform has surpassed $1 billion in annualized processing volume and crossed $33 million in annual recurring revenue as of December 2025, representing approximately eight-fold year-over-year growth. More than 700 clinics are now live on the platform. “I think we’re probably in the first inning of our growth trajectory,” Hwang told Fortune ahead of the announcement. “I honestly believe we can get to a billion dollars in revenue in the next couple of years.” “From a business perspective, yeah, I do think Nitra is going to be a decacorn.” #fintech #healthcare #financing #VC https://lnkd.in/gNNmfR-i
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Omar Darwazah shared thisKuwait City, Kuwait 🇰🇼 – Earlier this month, I attended the Kamco Invest & Burgan Bank 2026 Investment Conference, joining a panel moderated by our early supporter and investor at AAF Management Ltd., فهد محمد الشارخ Fahad AlSharekh, alongside Jake Zeller (Founder, Powerset) and Patrick Yang (Founding Partner, Amity Ventures). We discussed how AI is reshaping software, capital markets, and private investing. The catch: AI is breaking software moats — 𝒃𝒖𝒕 𝒏𝒐𝒕 𝒂𝒍𝒍 𝒐𝒇 𝒕𝒉𝒆𝒎. As Jeffrey Favuzza of Jefferies recently coined it, we are entering a “SaaSpocalypse” — a period of multiple compression and structural pressure across software. A few takeaways from our discussion: 1️⃣ 𝐒𝐚𝐚𝐒 𝐢𝐬 𝐮𝐧𝐝𝐞𝐫 𝐫𝐞𝐚𝐥 𝐩𝐫𝐞𝐬𝐬𝐮𝐫𝐞 Public software multiples are near ~10-year lows. Growth slowed post-COVID as demand was pulled forward. AI is now introducing structural threats: • Vibe coding via platforms like Lovable and Replit have dramatically lowered barriers to entry • DIY internal tools are replacing what used to be paid third-party vendors Not every SaaS company will survive — not because demand vanished, but because supply exploded. 2️⃣ 𝐓𝐡𝐞 𝐝𝐮𝐫𝐚𝐛𝐥𝐞 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐬𝐡𝐚𝐫𝐞 𝐜𝐥𝐞𝐚𝐫 𝐭𝐫𝐚𝐢𝐭𝐬 • Regulatory complexity (fintech, compliance, infrastructure) • Mission-critical workflows that are deeply embedded and hard to rip out At a macro level, AI isn’t just cost-cutting — it’s market-expanding. Software has been a ~$1T category. Labor and services represent a $50T opportunity. AI agents executing workflows shift us from selling seats to selling outcomes. This is a once-in-a-cycle opportunity — but not for everyone. Weak tools will get compressed and mission-critical infrastructure will compound. 3️⃣ 2026 𝐢𝐬 𝐬𝐡𝐚𝐩𝐢𝐧𝐠 𝐮𝐩 𝐚𝐬 𝐚 𝐥𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 𝐢𝐧𝐟𝐥𝐞𝐜𝐭𝐢𝐨𝐧 • Private markets are now structurally larger than public exit markets • In 2025, VC secondaries eclipsed traditional IPO volume • ~25% of VC capital flowed into just 5 companies (xAI, OpenAI, Anthropic, Project Prometheus, Scale AI) Founders are staying private longer — avoiding quarterly earnings pressure and short sellers, running competitive private auctions, and increasingly relying on secondaries for liquidity. 4️⃣ 𝐃𝐢𝐬𝐩𝐞𝐫𝐬𝐢𝐨𝐧, 𝐧𝐨𝐭 𝐣𝐮𝐬𝐭 𝐜𝐨𝐧𝐜𝐞𝐧𝐭𝐫𝐚𝐭𝐢𝐨𝐧 Yes, fewer companies will be massive — but the long tail of profitable, capital-efficient businesses is growing. LPs are selectively selling high-quality positions at modest discounts as secondary spreads tighten. 5️⃣ 𝐂𝐫𝐲𝐩𝐭𝐨 𝐢𝐬 𝐝𝐞𝐜𝐨𝐮𝐩𝐥𝐢𝐧𝐠 — 𝐟𝐢𝐧𝐚𝐥𝐥𝐲 Recent BTC volatility (while gold surged) reflects leverage and cross-asset positioning more than fundamentals. We’re seeing early signs of decoupling across crypto, equities, and commodities — while stablecoins continue their institutional march. Technology is going through a seismic paradigm shift in 2026 and it's never been a dull day to be a VC investor! #software #VC
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Omar Darwazah shared thisDavos, Switzerland 🇨🇭 - my first Davos experience was eye-opening and has set the lens through which I’m approaching 2026 as a VC: more disciplined, more long-term, and far more focused on where advantage actually compounds. Across conversations at Axios House, Invest Qatar House, The Digital Economist, and Nasdaq House, I came back with the following messages: 1) 𝐓𝐡𝐞 “𝐜𝐨𝐜𝐤𝐭𝐚𝐢𝐥 𝐩𝐚𝐫𝐭𝐲” 𝐩𝐡𝐚𝐬𝐞 𝐨𝐟 𝐀𝐈 𝐢𝐬 𝐨𝐯𝐞𝐫. We’ve moved from experimentation to ROI. Revenue is decoupling from headcount, and AI Agents are no longer interfaces but are becoming systems of action. 𝘝𝘊 𝘭𝘦𝘴𝘴𝘰𝘯: 𝘵𝘩𝘪𝘴 𝘪𝘴 𝘵𝘩𝘦 𝘴𝘩𝘪𝘧𝘵 𝘧𝘳𝘰𝘮 𝘸𝘩𝘰 𝘩𝘢𝘴 𝘈𝘐 𝘵𝘰 𝘸𝘩𝘦𝘳𝘦 𝘈𝘐 𝘮𝘰𝘷𝘦𝘴 𝘶𝘯𝘪𝘵 𝘦𝘤𝘰𝘯𝘰𝘮𝘪𝘤𝘴. 2) 𝐓𝐡𝐞 𝐀𝐈 𝐬𝐭𝐚𝐜𝐤 𝐢𝐬 𝐬𝐩𝐥𝐢𝐭𝐭𝐢𝐧𝐠—𝐚𝐧𝐝 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐢𝐬 𝐚𝐥𝐫𝐞𝐚𝐝𝐲 𝐫𝐞𝐩𝐫𝐢𝐜𝐢𝐧𝐠 𝐭𝐡𝐞 𝐠𝐚𝐩. AI alpha isn’t about access to models. It’s about extraction speed, judgment, and risk tolerance. 3) 𝐓𝐚𝐥𝐞𝐧𝐭 𝐬𝐞𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐢𝐬 𝐧𝐨𝐰 𝐮𝐧𝐝𝐞𝐧𝐢𝐚𝐛𝐥𝐲 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐮𝐧𝐝𝐞𝐫𝐰𝐫𝐢𝐭𝐢𝐧𝐠 𝐝𝐞𝐜𝐢𝐬𝐢𝐨𝐧. The best founders don’t optimize for permission—they run through doors. In a fast-paced AI world, initiative and execution compound faster than intelligence. 4) 𝐅𝐨𝐫𝐦𝐮𝐥𝐚 1 𝐢𝐬 𝐭𝐡𝐞 𝐜𝐥𝐞𝐚𝐧𝐞𝐬𝐭 𝐚𝐧𝐚𝐥𝐨𝐠𝐲 𝐟𝐨𝐫 𝐯𝐞𝐧𝐭𝐮𝐫𝐞 𝐨𝐮𝐭𝐜𝐨𝐦𝐞𝐬. McLaren Group went from losing $125M/year to making $125M/year with 160 people operating in near-silent coordination. The company's market cap went from $700M to $5B! 𝘝𝘊 𝘭𝘦𝘴𝘴𝘰𝘯: 𝘛𝘩𝘦 𝘦𝘹𝘵𝘳𝘢𝘤𝘵𝘪𝘰𝘯 𝘴𝘱𝘦𝘦𝘥 𝘢𝘯𝘢𝘭𝘰𝘨𝘺 𝘪𝘴 𝘨𝘭𝘢𝘳𝘪𝘯𝘨. 5) Red Bull 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐭𝐡𝐞 𝐜𝐨𝐮𝐫𝐚𝐠𝐞 𝐩𝐫𝐞𝐦𝐢𝐮𝐦. The company brought in a new CEO who immediately reset the business by committing billions to a proprietary engine—challenging incumbents with 90 years of advantage. 𝘝𝘊 𝘭𝘦𝘴𝘴𝘰𝘯: 𝘛𝘩𝘦 𝘫𝘶𝘥𝘨𝘮𝘦𝘯𝘵 𝘢𝘯𝘢𝘭𝘰𝘨𝘺 𝘪𝘴 𝘨𝘭𝘢𝘳𝘪𝘯𝘨. 6) 𝐅𝐨𝐫 𝐞𝐥𝐢𝐭𝐞 𝐨𝐩𝐞𝐫𝐚𝐭𝐨𝐫𝐬, 𝐀𝐈 𝐢𝐬𝐧’𝐭 𝐞𝐱𝐩𝐞𝐫𝐢𝐦𝐞𝐧𝐭𝐚𝐥. “We live and die by our models.” 𝘝𝘊 𝘭𝘦𝘴𝘴𝘰𝘯: 𝘴𝘵𝘰𝘱 𝘢𝘴𝘬𝘪𝘯𝘨 𝘧𝘰𝘶𝘯𝘥𝘦𝘳𝘴 𝘪𝘧 𝘵𝘩𝘦𝘺 𝘶𝘴𝘦 𝘈𝘐. 𝘈𝘴𝘬 𝘸𝘩𝘦𝘳𝘦 𝘈𝘐 𝘥𝘪𝘳𝘦𝘤𝘵𝘭𝘺 𝘤𝘩𝘢𝘯𝘨𝘦𝘴 𝘮𝘢𝘳𝘨𝘪𝘯𝘴, 𝘴𝘱𝘦𝘦𝘥, 𝘰𝘳 𝘳𝘦𝘭𝘪𝘢𝘣𝘪𝘭𝘪𝘵𝘺. 7) 𝐒𝐜𝐚𝐥𝐞 𝐝𝐨𝐞𝐬𝐧’𝐭 𝐝𝐢𝐥𝐮𝐭𝐞 𝐭𝐡𝐞 𝐥𝐞𝐬𝐬𝐨𝐧—𝐢𝐭 𝐚𝐦𝐩𝐥𝐢𝐟𝐢𝐞𝐬 𝐢𝐭. The Carlyle Group drives 9–12% EBITDA gains across ~800K employees using 40 years of proprietary operating data. 𝘝𝘊 𝘭𝘦𝘴𝘴𝘰𝘯: 𝘈𝘐 𝘢𝘥𝘷𝘢𝘯𝘵𝘢𝘨𝘦 𝘢𝘤𝘤𝘳𝘶𝘦𝘴 𝘵𝘰 𝘵𝘩𝘰𝘴𝘦 𝘸𝘪𝘵𝘩 𝘩𝘪𝘴𝘵𝘰𝘳𝘺 𝘢𝘯𝘥 𝘵𝘩𝘦 𝘸𝘪𝘭𝘭 𝘵𝘰 𝘰𝘱𝘦𝘳𝘢𝘵𝘪𝘰𝘯𝘢𝘭𝘪𝘻𝘦 𝘪𝘵. 8) 𝐓𝐡𝐞 𝐫𝐞𝐚𝐥 𝐦𝐚𝐜𝐫𝐨 𝐝𝐫𝐢𝐯𝐞𝐫 𝐢𝐬𝐧’𝐭 𝐜𝐨𝐬𝐭—𝐢𝐭’𝐬 𝐝𝐞𝐦𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜𝐬. With replacement rates below 2.0, AI is replacing institutional memory, not headcount. That’s where the biggest venture outcomes will emerge. My advice to AAF Management Ltd. in 2026: underwrite extraction, not tooling and embrace risks consensus can’t price. #davos2026
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Omar Darwazah shared thisAt AAF Management Ltd., 2025 was another year of growth and disciplined execution, even as the broader venture market remained highly concentrated theme-selective and capital-constrained. We closed Fund IV, 𝘛𝘩𝘦 𝘈𝘹𝘪𝘴 𝘍𝘶𝘯𝘥, a $55 million hybrid vehicle anchored by Mubadala Capital, helping catapulting our AUM to the $250 million milestone. We continued to build our emerging manager platform, adding three new fund investments — Valyrian, Dorm Room Fund, and Anamcara — partnering with GPs we believe are well positioned to build enduring, multi-vintage franchises. Alongside this, we made three direct investments from our hybrid vehicle in to Marut AI, Walapay, and Hamsa — backing founders operating at the intersection of fintech, AI, and infrastructure. Across our direct portfolio, companies navigated a challenging fundraising environment with strength, closing 12 financing rounds and 𝒓𝒂𝒊𝒔𝒊𝒏𝒈 𝒐𝒗𝒆𝒓 $525 𝒎𝒊𝒍𝒍𝒊𝒐𝒏 𝒊𝒏 𝒇𝒐𝒍𝒍𝒐𝒘-𝒐𝒏 𝒄𝒂𝒑𝒊𝒕𝒂𝒍. We’re heading into 2026 with real optimism. Improving macro conditions and declining interest rates are setting the stage for a meaningful rebound in private-market liquidity, particularly through long-awaited IPO and M&A activity. Here's to another year of growth, execution and value creation! 🚀 #yearinreview2025 #venturecapital #VCOmar Darwazah shared thisIn 2025, the venture capital's market's connotation is "𝒄𝒐𝒏𝒄𝒆𝒏𝒕𝒓𝒂𝒕𝒊𝒐𝒏". Capital continued to flow to a small number of blue-chip VC firms and leading AI firms OpenAI, Anthropic, Scale AI, xAI, and Databricks raised an estimated $67 billion contributing ~25% of the $267 billion - total dollars raised by VC-backed companies in the US in 2025! The top 10 US VC firms raised approximately $28 billion in LP commitments comprising over 42% of the $66 billion raised in total during 2025. Emerging managers operated in a tighter, more selective environment. Liquidity was constrained, underwriting standards remained elevated, and differentiation mattered more than ever. Against that backdrop, AAF Management Ltd. stayed focused on what we do best: backing exceptional early-stage founders and supporting emerging managers building durable franchises. Here are a few highlights from the year: • We closed our $55 million Fund IV, anchored by Mubadala Capital, further strengthening our long-term institutional base 💰 • We completed 3 direct investments — Marut AI, Walapay, and Hamsa — and 3 fund investments in Valyrian, Dorm Room Fund, and Anamcara, while adding 190 portfolio companies through our Axis platform 🤝🏼 • Across the portfolio, companies closed 12 financing rounds, 𝐫𝐚𝐢𝐬𝐢𝐧𝐠 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 $525 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in follow-on capital 💵 • The firm’s AUM crossed $250 𝐦𝐢𝐥𝐥𝐢𝐨𝐧, with all vintages ranking in the top decile and Fund I, Fund II, and our first Fund-of-Funds performing in the top 10% 🔝 • Portfolio companies surpassed $1 𝒃𝒊𝒍𝒍𝒊𝒐𝒏 𝒊𝒏 𝒂𝒈𝒈𝒓𝒆𝒈𝒂𝒕𝒆 𝒂𝒏𝒏𝒖𝒂𝒍 𝒓𝒆𝒗𝒆𝒏𝒖𝒆, representing a 49.5% CAGR since 2017 🚀 • We published Edition II of our research series, 𝐀𝐈 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐞: 𝐀 𝐆𝐮𝐢𝐝𝐞 𝐭𝐨 𝐓𝐨𝐨𝐥𝐬 & 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬, continuing our commitment to sharing practical insights with the global investment community 📈 • Several portfolio companies, including Drata, Jasper, and Flutterwave, received major industry recognition and awards during the year 🏅 We’re proud of the progress made in a challenging market and grateful to our founders, LPs, and partners for their continued trust. We remain heads-down building a long-term franchise focused on early conviction, disciplined underwriting, and global reach. 📍 Onwards and upwards! #yearinreview2025 #venture #capital #VC
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Omar Darwazah shared thisCongratulations to portfolio company Flex and its founders Zaid Rahman and Hadi Solh for closing a $60 million Series B led by Portage with participation from Titanium Ventures, Crosslink Capital, Wellington Management, SPICE, Companyon Ventures among others! 🚀 At AAF Management Ltd. we’re proud to have been on your journey since the Series A round! Flex is taking the fintech world by storm. It is now positioned to become the category-defining private bank for HNW middle-market business owners. Its strategy to serve business owners from the time they generate revenue to the time they spend it personally is delivered through our five-pillar strategy: 1) private credit, 2) business banking, 3) private banking, 4) payments, and 5) AI ERP. Check out the company's interview with Forbes below 👇🏼 "Is software becoming the world’s most coveted financial status symbol? For two decades, the American Express Centurion card defined elite banking through exclusivity rather than innovation. Meanwhile, a wave of fintech startups either chased mass-market scale or deep enterprise workflows. The gap? A truly modern financial platform for the business owners who sit between those extremes and power nearly half of American payroll. Flex, a fintech founded in 2022, thinks it can fill that void. After quadrupling revenue and tripling payment volume to $3 billion in a short period of time, the company has set its sights on more ambitious targets. That growth aligns with a broader shift in the competitive landscape, where platforms like Arta Finance have begun targeting mass-affluent users with investment tools. Flex is taking a different angle, aiming to consolidate business credit, spend management, banking, and personal finance into one system." #fintech #SeriesB #financing #financialtechnology https://lnkd.in/ehc-MQMbIs Flex The Private Bank Silicon Valley Always Wanted To Build?Is Flex The Private Bank Silicon Valley Always Wanted To Build?
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Omar Darwazah shared thisLondon, UK 🇬🇧 - last week I attended the Kauffman Fellows 30th Anniversary Summit in London. I joined close to 500 fellows to celebrate 30 years of the fellowship — a community that has profoundly shaped how the world builds companies and allocates capital. For me, this milestone was personal. The fellowship has had a profound impact on my life both personally and professionally and as a result I'm a more thoughtful investor and more importantly a better human being. Over the years, I’ve had the privilege of working alongside dozens of Fellows as co-investors, LP partners, mentors, and collaborators. Many of these relationships have become long-term partnerships and friendships that continue to influence how I invest, lead, and build globally at AAF Management Ltd. The network’s impact speaks for itself: 🔹 1,000+ 𝐅𝐞𝐥𝐥𝐨𝐰𝐬 𝐚𝐜𝐫𝐨𝐬𝐬 60+ 𝐜𝐨𝐮𝐧𝐭𝐫𝐢𝐞𝐬 🔹 680+ 𝐕𝐂 𝐟𝐢𝐫𝐦𝐬 𝐟𝐨𝐮𝐧𝐝𝐞𝐝 𝐨𝐫 𝐥𝐞𝐝 𝐛𝐲 𝐅𝐞𝐥𝐥𝐨𝐰𝐬 🔹 $1𝐓 𝐢𝐧 𝐀𝐬𝐬𝐞𝐭𝐬 𝐔𝐧𝐝𝐞𝐫 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 (𝐀𝐔𝐌) 🔹 $329𝐁+ 𝐢𝐧 𝐞𝐱𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐅𝐞𝐥𝐥𝐨𝐰-𝐛𝐚𝐜𝐤𝐞𝐝 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 🔹 𝐅𝐞𝐥𝐥𝐨𝐰𝐬 𝐡𝐚𝐯𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 15% 𝐨𝐟 𝐚𝐥𝐥 𝐮𝐧𝐢𝐜𝐨𝐫𝐧𝐬 My connection to this ecosystem runs deep. Collectively, AAF and my family office Darwazah Capital have: ➡️ 𝘊𝘰-𝘪𝘯𝘷𝘦𝘴𝘵𝘦𝘥 𝘸𝘪𝘵𝘩 52 𝘶𝘯𝘪𝘲𝘶𝘦 𝘧𝘪𝘳𝘮𝘴 𝘸𝘪𝘵𝘩 𝘢𝘵 𝘭𝘦𝘢𝘴𝘵 𝘰𝘯𝘦 𝘒𝘢𝘶𝘧𝘧𝘮𝘢𝘯 𝘍𝘦𝘭𝘭𝘰𝘸 ➡️ 𝘐𝘯𝘷𝘦𝘴𝘵𝘦𝘥 𝘢𝘴 𝘓𝘗𝘴 𝘪𝘯 3 𝘧𝘪𝘳𝘮𝘴 𝘸𝘪𝘵𝘩 𝘍𝘦𝘭𝘭𝘰𝘸 𝘳𝘦𝘱𝘳𝘦𝘴𝘦𝘯𝘵𝘢𝘵𝘪𝘰𝘯 ➡️ 𝘉𝘶𝘪𝘭𝘵 𝘦𝘹𝘱𝘰𝘴𝘶𝘳𝘦 𝘵𝘰 72 𝘍𝘦𝘭𝘭𝘰𝘸𝘴 𝘢𝘤𝘳𝘰𝘴𝘴 𝘰𝘶𝘳 𝘤𝘰-𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘯𝘥 𝘓𝘗 𝘢𝘤𝘵𝘪𝘷𝘪𝘵𝘺 ➡️ 𝘉𝘢𝘤𝘬𝘦𝘥 50 𝘱𝘰𝘳𝘵𝘧𝘰𝘭𝘪𝘰 𝘤𝘰𝘮𝘱𝘢𝘯𝘪𝘦𝘴 𝘸𝘪𝘵𝘩 𝘒𝘍-𝘳𝘦𝘱𝘳𝘦𝘴𝘦𝘯𝘵𝘦𝘥 𝘧𝘪𝘳𝘮𝘴 𝘰𝘯 𝘵𝘩𝘦 𝘤𝘢𝘱 𝘵𝘢𝘣𝘭𝘦 These partnerships have spanned companies such as: ♦️ Fintech innovators Flutterwave, Current, MoneyHash, OneVest, Curacel (YC 22), Finmark, Thndr and Pemo ♦️ Enterprise software trailblazers Drata, Prodigy Software Inc., Originalis AI, and Auditive. ♦️ Digital health leaders Hello Heart, Babyscripts, and HeyDoctor ♦️ Proptech companies Landed and Rubik, Inc. ♦️ Life sciences company Attivare Therapeutics Across these investments, we’ve partnered with Fellows from Ulu Ventures, Social Capital, Human Ventures, COTU Ventures, Tribe Capital, Luge Capital, Piva Capital, Okta, Shorooq, Bessemer Venture Partners, Atlantica Ventures VC Fund, MGV Capital, MBX Capital, Zelda Ventures, Everywhere Ventures, Exceptional Capital, P1 Ventures among many others. And stepping back from all the numbers and shared history, the Summit itself delivered a powerful reminder of where our industry is heading: ⚡️ The rise of emerging managers and the recalibration of mega-funds ⚡️ AI reshaping every corner of the stack ⚡️ The real work required to build a venture franchise from the ground up I came back feeling energized, inspired and thankful for the serendipitous connections and conversations 🚀 #kauffmanfellows
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Omar Darwazah shared thisSan Francisco, CA 🇺🇸 – last week, I attended the RAISE Global Summit, arguably the most preeminent event for emerging managers globally. It’s where LPs, GPs, and ecosystem builders come together to share insights, exchange ideas, and build the next generation of emerging manager venture franchises. This year, I had the honor of serving on the LP Selection Committee, reviewing close to 50 applications out of over 1,000 submissions to help shape the final 100 GPs accepted into the 2025 RAISE cohort. The quality and diversity of this year’s cohort was exceptional. I’m especially proud that three of our existing GPs from 𝘛𝘩𝘦 𝘈𝘹𝘪𝘴 𝘍𝘶𝘯𝘥 — Leonis Capital, Fiat Ventures, and Roar Ventures — were among those selected. Each GP has built a differentiated platform with multi-franchise potential: 1️⃣ Leonis Capital, run by Jenny Xiao and Jay Zhao is the first partner for technical founders, turning groundbreaking research into transformative AI-native startups; 2️⃣ Fiat Ventures, run by Marcos Fernandez, Drew Glover and Alex Harris, invests in the next generation of market leading, early-stage companies in the fintech space; 3️⃣ Roar Ventures, run by Jonathan Ehrlich, is a founder-focused firm investing in outlier teams at the Pre-Seed and Seed stages. Their selection into this year’s cohort reflects their competitiveness amongst a crowded emerging manager market and our ability at AAF Management Ltd. to back exceptional investing talent early. At the event, I had the opportunity to moderate three roundtables that explored some of the most dynamic themes shaping the future of venture: 💡 𝐆𝐏 𝐒𝐩𝐢𝐧𝐨𝐮𝐭𝐬 𝐟𝐫𝐨𝐦 𝐌𝐚𝐫𝐪𝐮𝐞𝐞 𝐅𝐢𝐫𝐦𝐬 — A candid conversation around the motivations, challenges, and opportunities that come with leaving an established institution to build something new. We discussed what it takes to transition from investor to entrepreneur, how to preserve one’s edge, and the realities of establishing an enduring franchise. 📊 𝐃𝐚𝐭𝐚 & 𝐀𝐈 𝐢𝐧 𝐕𝐞𝐧𝐭𝐮𝐫𝐞— A deep dive into how managers are leveraging technology to gain sourcing and diligence advantages. From custom data pipelines to AI-driven insights, it’s clear that the next decade of venture will belong to those who can harness information at scale. 🚀 𝐁𝐫𝐞𝐚𝐤𝐨𝐮𝐭 𝐆𝐏𝐬 — An inspiring discussion featuring managers who continue to focus on Pre-Seed and Seed investing while scaling to $150M+ AUM. We unpacked how they maintain discipline, culture, and portfolio construction rigor as they grow. I also joined a thought-provoking panel with Noah Lichtenstein of Crossover VC, where we explored our fund-of-funds approach to backing emerging managers — discussing how we allocate capital, evaluate follow-on vintages and how we identify the traits of exceptional, enduring managers. I would like to thank Benjamin Black, Scott Dubin, Adam Marchick and the entire RAISE team for allowing me to play a small part in this year's event. Until next year! 🚀 #VC
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Omar Darwazah shared thisI recently sat down with David Prosser at Forbes to discuss how we, at AAF Management Ltd., have strategically positioned ourselves to ride — and invest through — the current AI wave. The conversation came at a meaningful inflection point for us: just days after announcing 𝘛𝘩𝘦 𝘈𝘹𝘪𝘴 𝘍𝘶𝘯𝘥, a $55 million early-stage hybrid vehicle anchored by Mubadala Capital. Over the past decade in venture, I’ve seen the industry evolve through extraordinary macro shifts — the rise and fall of online-native e-commerce brands, the boom and bust of biotech, and the irrational exuberance of the ZIRP-era liquidity that fueled a historic valuation run-up, followed by a painful but necessary reset. Each cycle has followed a familiar pattern: euphoria → over-investment → correction → consolidation → compounding. And every cycle reinforces the same truth: 𝘦𝘯𝘥𝘶𝘳𝘪𝘯𝘨 𝘷𝘢𝘭𝘶𝘦 𝘪𝘴 𝘣𝘶𝘪𝘭𝘵 𝘸𝘩𝘦𝘯 𝘥𝘪𝘴𝘤𝘪𝘱𝘭𝘪𝘯𝘦 𝘮𝘦𝘦𝘵𝘴 𝘤𝘰𝘯𝘷𝘪𝘤𝘵𝘪𝘰𝘯. So, are we in an AI bubble? The honest answer: it depends which asset class you mean. As I said in the interview: “It’s really a story of two different worlds. A handful of very large private companies have been flooded with liquidity and seen huge valuation increases — but that’s not been the experience of small start-ups raising their first $1M to $5M.” Because most investors follow momentum, we’re seeing overzealous valuations in public markets (e.g., NVIDIA) and late-stage private names (e.g., OpenAI, Anthropic, xAI). But in early stage, while Seed valuations have crept up, most AI startups raising $1–5M rounds remain sensible. We see AI as a once-in-a-generation platform shift, not a passing cycle. Through The Axis Fund, we’re intentionally positioned to capture both beta and alpha across this paradigm: Beta — via our 20% fund-of-funds allocation, giving us exposure to the next wave of category-defining AI companies: • Decagon – AI for customer service (backed by Andreessen Horowitz ) • ElevenLabs – AI voice and language models (backed by ICONIQ) • Sanas – AI-powered voice translation (backed by Insight Partners) • Legora – Legal AI for the EU (backed by General Catalyst) Alpha — by cherry-picking the most promising companies across Pre-Seed to Pre-IPO. Our AI thesis is clear: • 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐋𝐚𝐲𝐞𝐫: Agentic workflows driving automation, efficiency, and error reduction. • 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞: Libraries, tools, and data systems enabling scalable model deployment. • 𝐀𝐩𝐩𝐥𝐢𝐞𝐝 𝐀𝐈 > 𝐚𝐛𝐬𝐭𝐫𝐚𝐜𝐭 𝐀𝐈: Founders solving real, high-value problems in fintech, healthcare, SaaS, and industrial tech. • 𝐆𝐥𝐨𝐛𝐚𝐥 𝐩𝐞𝐫𝐬𝐩𝐞𝐜𝐭𝐢𝐯𝐞, 𝐥𝐨𝐜𝐚𝐥 𝐞𝐱𝐞𝐜𝐮𝐭𝐢𝐨𝐧: Founders who think globally and execute precisely in their markets. We will stop talking about AI as a category the way we stopped talking about cloud or web protocols, 𝘪𝘵 𝘸𝘪𝘭𝘭 𝘣𝘦𝘤𝘰𝘮𝘦 𝘵𝘩𝘦 𝘥𝘦𝘧𝘢𝘶𝘭𝘵. 👇🏽 Read the full article: https://lnkd.in/ejwREwEeDefying The Bubble: Why Investors Remain Committed To AI Start-UpsDefying The Bubble: Why Investors Remain Committed To AI Start-Ups
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Omar Darwazah reacted on thisOmar Darwazah reacted on thisExcited to share that Avison Young is now live on Dealpath Connect! A big thanks to our team and a special thank you to the Avison Young team for your partnership. We continue to make real progress on what the industry has needed for a long time: a scalable, efficient distribution channel that connects investment sales firms with the right buyers, ensuring institutional investors can act on every deal aligned to their strategy. No more missed deals. Nearly 19,000 institutional deals distributed on Dealpath Connect to date. And we’re just getting started. This has been an incredible journey, working alongside exceptional teams at JLL, CBRE, Cushman & Wakefield and now Avison Young to build something that’s genuinely reshaping how capital markets operate. More to come! Link in comments. Mike Sroka, Rob Cain, Mike Mockus ✔, Thomas Byrne ✔, Mark E. Rose
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Omar Darwazah reacted on thisOmar Darwazah reacted on thisExcited to celebrate the results that we've seen with JLL on Dealpath Connect. After launching Dealpath Connect with JLL as our first brokerage partner, the results since have validated everything we set out to do: higher CA counts, more deal room engagement, and increased bidding activity across their Capital Markets business. As Richard Ferrino, JLL's Chief Data Officer, put it: "In my 15 years in commercial real estate technology, I've seen a lot of groups try to bring the collective together. What Dealpath Connect has been able to do is truly impressive." A big thanks to our team and to Rick, Christopher Sameth, Jason Allalouf, Kyle DiFrancesco, Padmesh Thuraisingham, Jorge Martín Mora-Rey, Emilio Portes Cruz, Richard Bloxam, and the entire JLL team for your partnership, and to Daniel Correa and Raj Singh for your continued support. And a special thank you to Travis Mitchell and LaSalle Investment Management for sharing what you've seen so far. So much more to come in the next few weeks - let's go Dealpath! Mike Sroka Rob Cain Mike Mockus Thomas Byrne JLL Spark #CRE #CapitalMarkets #DealpathConnect #RealEstateInvestment
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Omar Darwazah reacted on thisFlex has seen a significant spike in momentum in the last 24 hours. Years of infrastructure just clicking together. And we have so much more going on with our summer release shaping up to be the largest in our history. Stay tuned.Omar Darwazah reacted on thisFlex got 5k customer applications in 24 hours. YC funded ~5k in 20 years and My phone hasn't stopped vibrating. I hear the Slack notif in my dreams. Our underwriting team hasn't slept. People are texting me "is this real?" I refresh dashboards like its a slot machine. The rest of you, what are you waiting for?
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Omar Darwazah reacted on thisOmar Darwazah reacted on thisWe’re committing $20 billion to independent healthcare practices in America. Today, Nitra is launching the "Future of Care Initiative", a $20 billion financing and infrastructure commitment through 2028 to help independent medical practices survive and scale. We're committing real dollars to finance, build, and scale the next generation of healthcare in the United States. Independent physicians are getting squeezed from every direction; they operate in a system increasingly stacked against them: • Payers slow down reimbursements • Supply and drug costs are volatile • Administrative burden keeps rising So independence is disappearing. Not by choice, but by pressure. Through the Future of Care Initiative, Nitra is committing: 1) $20 billion in capital deployment: Working capital, AI-driven claims factoring, equipment financing, revolving credit, and growth capital 2) Scaling support for 8,000+ practices: 150+ hires focused specifically on helping practices grow and operate more efficiently 3) AI-native operating layer for clinics: Scheduling, prior auth, accounting, cash management, billing, and payments all automated 4) Real procurement leverage: 50,000+ SKUs via NitraMart + partnerships across GPOs, distributors, and biopharma That means through this commitment, practices across all 50 states can: • Access capital instantly without traditional bank friction • Open new locations or expand without breaking cash flow • Get paid faster with integrated payments + RCM • Cut overhead with AI across operations • Lower supply costs through aggregated purchasing power We’re not just building software or some random VC-backed AI slop. We’re rebuilding the financial and operational backbone of independent healthcare. $20 billion is the starting point and our real financial commitment to helping the future of medicine succeed. Learn more: https://lnkd.in/eDxCCPB9
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Omar Darwazah reacted on thisOmar Darwazah reacted on thisMilken Asian Mafia Hotpot 2026 is BACK! 🐲🔥💯🌶️🍶 We are oversubscribed for tonight’s event by popular demand but DM me and I’ll do my best to approve you from the waitlist. Excited to bring together great old and new friends from Milken conference for another round of Asian spicy hotpot and Chinese baijiu to support our love for Asian culture 🧧🥢 Shout out to SparkLabs Group for the sponsorship and always supporting the #AAPI and Asian diaspora worldwide ‼️ Yup S. Kim Asher Hsu Bernard Moon Tyrese Gibson Jacky Yang https://luma.com/4x53msx4
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Omar Darwazah reacted on thisOmar Darwazah reacted on thisAfter more than a decade, I’m returning to Washington 🇺🇸. This past week marked the beginning of a new chapter — professionally and as a family. I’ll be taking on a new role at MetLife, based in the DC area. Chile is where we built our life and where most of our family is. It’s not easy to leave. But Washington is a city I know well — I have friends, colleagues, and a network here that I’ve maintained across the years. Coming back feels less like starting over and more like picking up where things left off, with a lot more experience behind me. If you’re in the DC area, let’s find time to catch up. *View of the National Mall taken from the plane
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Omar Darwazah reacted on thisOmar Darwazah reacted on thisProud to share that MNT-Halan has been recognized by Global Finance Magazine as the Most Innovative Financial Technology Company in Africa for the third year in a row. This year, we were also named among Africa’s Top Financial Innovations for the first time, with our AI Credit Scoring Engine recognized for advancing access to finance. These recognitions reflect our continued focus on building a technology-driven financial ecosystem that expands access, and delivers smarter, more inclusive financial solutions. A big thank you to our exceptional team and to all our customers for their trust. We’re excited to continue delivering groundbreaking solutions. The Most Innovative Banks & Financial Technology Companies: https://bit.ly/42JWaRn Top Financial Innovations by Region: https://bit.ly/3QD4YG6
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Omar Darwazah reacted on thisOmar Darwazah reacted on thisFlex is hiring growth leaders across both product and marketing. 1. Product leader for our Growth Product: You'll own the end-to-end funnel from first-time activation of customers to cross-selling our products across our platform. Obsessed with data, experience in scaling a large consumer-like business (but serving business owners), and gifted with great taste. Work with a world class team of designers and engineers. 2. Head of Growth: Owner of our top of funnel, brand awareness, performance marketing, content, and more. Ability to "founder mode" initiatives globally. We are one of the fastest-growing FinTechs, with nine-figure revenue, 4x YoY growth, and a large balance sheet.
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Omar Darwazah reacted on thisOmar Darwazah reacted on thisI was delighted to have a very nice meeting and exchange autographed copies of our recent books with Professor John Mearsheimer, who inspired my thinking for the last 25 years since I took his course on War and the Nation-State back in 2001 at the University of Chicago, and who encouraged me in writing my article, "Not So Innocent," which later turned into a book in Turkish! Publications in the photo can be accessed here: John J. Mearsheimer and Sebastian Rosato, How States Think (Yale University Press, 2023): https://lnkd.in/dTk9JapX Şener Aktürk, "Not So Innocent: Clerics, Monarchs, and the Ethnoreligious Cleansing of Western Europe," (International Security, 2024): https://lnkd.in/dZXzK4Uv Şener Aktürk, "Modern Dünyanın Kökenleri" (Turkish translation of "Not So Innocent") Paradigma, 2025: https://lnkd.in/d-_SsNKY
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Jos White
3K followers
Today Isembard announced a $50m Series A fundraise led by Union Square Ventures, less than a year after Notion Capital led their Seed round. 💥This is a company right at the intersection of AI & supply chain sovereignty & they’re exceeding even our most optimistic expectations. By the end of the year they will have 25 factories across the UK, US, Germany, France & Ukraine. 💥Isembard is rapidly scaling its network of AI-first factories for precision manufacturing at the same time as market demand is accelerating. Macro forces (reshoring, rising defence spend, concentration risk in Asia, and the growth of neo-primes) are structurally increasing demand for fast, local, flexible manufacturing that the current industry is unable to deliver on. 💥The innovation is in the way the company builds and franchises factories as a product with tightly integrated units of machines, software, robotics, & process intelligence that turn design files into certified components with speed & reliability. 💥Their AI software platform, MasonOS, connects all sites into a single operating system, replacing fragmented shops with standardised, high-performance industrial nodes & enabling real-time quoting, predictable delivery, & low defect rates. By owning the full production stack, Isembard delivers premium manufacturing performance with the scalability & flexibility of a software platform. 💥We are at the top of the AI hype cycle and there are understandable concerns about the ROI on the vast sums of money being invested into this new super-cycle. But, the ROI for Isembard is both clear and compelling. They will deliver components 10x faster and at 50% of the cost of current suppliers. They will also build a de-centralised, global network of factories to meet the growing demand for national or regional sovereignty. 💥This is a company with a clear vision to disrupt a massive, fragmented $1.8tn component manufacturing market. Today marks another huge stride towards that vision. And they are only just getting started. We’re thrilled to be on this journey with Alexander Fitzgerald & the team & we’re also excited to welcome Rebecca Kaden & USV into the investor base. Notion Capital Union Square Ventures Alexander Fitzgerald Rebecca Kaden Maximilian Eichler Stephen Millard Britt Mulder
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Karan Bhatia
Menlo Times • 3K followers
OSS Ventures Closes First Round of $80 Million Fund to Scale Industrial Software Champions. OSS Ventures, a Paris-based venture studio building next-generation industrial software, led by Renan Devillieres and the team, has announced the first close of its new investment fund with a target of $80 million. The round is led by DECATHLON PULSE and Teknor Apex, with participation from existing investors including Groupe Peugeot Frères. Read More At: https://lnkd.in/g2iJWMsT X: https://lnkd.in/gdqZr72d Source: Press Release
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Michael Fanfant
Runa Capital • 3K followers
I’ve known David Meister for years and backed him at Sydecar, so I’ve seen his ability to build through complexity. Axiom Trust is taking on one of the most outdated parts of wealth infrastructure, trust administration, by pairing a regulated trust company with AI-native workflows. We're proud to invest again and congrats to the team on the launch!
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Eric Kadyrov
DealWire • 8K followers
Dealwire.TECH Deal of the Week — Mesh ($75M Series C, $1B valuation) https://www.meshpay.com/ Crypto’s next chapter isn’t about speculation — it’s about payments infrastructure. Mesh’s $75M Series C at a $1B valuation signals a clear shift in investor conviction: capital is rotating from trading and token-centric narratives into real-world transaction rails. Mesh is building what many in the industry have talked about, but few have executed: a global crypto payments network that connects exchanges, wallets, and payment providers into a single interoperable layer. Consumers can pay with any supported digital asset, while merchants settle instantly in stablecoins or local fiat — no volatility risk, no wallet management, no fragmented integrations. The company’s asset-agnostic SmartFunding technology abstracts away blockchain complexity, routing “any-to-any” payments across chains and liquidity pools. The result is a horizontal payments layer that targets embedded deposits, remittances, and high-value cross-border commerce — areas where legacy card rails struggle with FX leakage, chargebacks, and delayed settlement. Led by Dragonfly, with participation from Paradigm and Coinbase Ventures, the round reflects strong alignment around an infrastructure-first thesis. Mesh’s ambitions — $1B in revenue and $1T in transaction volume — place it firmly in the category of next-generation global payment networks, not fintech tooling. Bottom line: If crypto is going to reach mass adoption, it won’t look like exchanges — it will look like invisible, instant payments embedded everywhere. #DealOfTheWeek #DealWire #CryptoPayments #Fintech #PaymentsInfrastructure #Stablecoins #Web3 #DigitalAssets
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Oleg Bibergan
S16VC • 4K followers
When founders think of their next idea, who they call? Their founder friends. They want to hear feedback, bounce off ideas, get their more experienced friends to join them as mentors or angels. This is how companies got started (and funded) in the original S16 Apartment. This is how I joined 20 founders as angel, including Miro and BORZO. Over the last 6 months, together with our friends at ellipsis we have been quietly building a virtual version of our apartment, where we match founders who are just starting out with superstars who have already made the journey multiple times. We call it Founders for Founders Hub. FFF Hub is the new kind of accelerator. There is no cash or equity commitments upfront. Mentors only get sweat equity if their founders raise a round at our demo day. There is progressive elimination that ensures the group can move super quick. We get a front seat to observe founders in action. More details below and at our freshly launched website! https://fff-hub.com
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Salem Bagami
Metatalent.ai • 43K followers
Elevate Your Startup Journey with YC’s Seed Fundraising Guide Are you a founder gearing up to raise your first round of funding? Dive into YC’s Guide to Seed Fundraising! Penned by Geoff Ralston, President of Y Combinator, this guide is a must-read for any ambitious entrepreneur looking to navigate the intricate waters of seed funding. What Makes It Stand Out? This all-encompassing playbook distills wisdom from icons of early-stage investing: - Paul Graham: Co-founder of Y Combinator, the brain behind many successful startups. - Fred Wilson: A veteran from Union Square Ventures with unmatched insights. - Babak Nivi: Co-founder of AngelList and Venture Hacks, a powerhouse in startup funding strategies. - Sal Khan: Visionary Founder of Khan Academy, reshaping education. - Carolynn Levy: The innovator behind SAFE notes, revolutionizing startup capital raising. Each contributor infuses their expertise into this guide, making it an indispensable resource. What’s Inside the Guide? If you’re on the verge of raising your seed round, this guide will empower you to: - Determine the Right Timing: Understand the perfect moment in your startup journey to start raising. - Quantify Your Needs: Learn how to decide exactly how much capital you should aim to raise. - Screen the Right Investors: Identify investors who are the right fit for your vision and strategy. - Sidestep Common Pitfalls: Avoid typical traps related to valuation that could cost you. - Negotiate with Confidence: Equip yourself with the tactics to negotiate deals like a pro. - Document Prep: Master the essential documentation needed to secure your round efficiently. It’s a mini-MBA in early-stage financing, but without the unnecessary theories or hefty tuition fees. Think of it as a concise, actionable toolkit tailored for founders like you who are ready to take the plunge into the funding world. Why You Should Read It Now: Seizing the right funding opportunity can be pivotal for your startup’s success. With direct insights from the industry’s best, this guide promises not just to demystify the process but to empower you at every step. It’s not just information; it’s a roadmap to your startup’s success story! Ready to transform your fundraising journey? Discover the full guide and let your startup soar to new heights! Credit : Rubén Domínguez Ibar Repost by : Salem Bagami #Startup #Fundraising #VentureCapital #Entrepreneurship #YCombinator**
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Frederic Rombaut
Strategic Capital Advisors… • 16K followers
Big News for European Deep Tech Innovation! Mundi Ventures just closed €750M for Kembara Growth Fund dedicated to European deep tech solutions. This is a game-changer for European growth stage startups driving innovation in AI, robotics, clean energy, and sustainability. Europe is a hotbed for cutting-edge technology and climate action. Funds like Kembara are crucial for scaling these innovations and positioning Europe as a global leader in deep tech. #DeepTech #ClimateTech #EuropeanInnovation #VentureCapital #Growth #Sustainability Javier Santiso Yann de Vries
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JT Benton
9point8 Collective • 8K followers
Hot take: lot's of #LP's are growing underwhelmed with traditional venture investing. 💰 Fees are high given the level of engagement with the company operators. ❓ Access is opaque - LP's are unclear on the portco operations and outcomes. Outcomes are scattered - power law investing can certainly work, but many feel that venture capital investing is just a numbers game. There's another way. I'm biased, but I think it's better: #VentureStudios as an asset class. They blend: 🤜 🤛 Control and ownership 💡 Thematic focus 👬 Partnership with operators Studios offer a fund-like structure — but with more alignment, higher value conversion and less noise. If you're interested in understanding more about the studio model, we have resources to share. Please reach out and let's connect!
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Katy Nelson
Helena Capital • 8K followers
£250B in unrealized economic value is not simply a “women’s issue.” It’s a capital misallocation problem. For most of modern UK history, women were legally barred from owning property, signing contracts, or accessing credit independently. Even into the 1980s, many banks required male guarantors for business loans. That legacy didn’t disappear — it compounded. Today, we still see it in who gets backed early, who gets conviction capital, and who is allowed to scale fast. The result is a structurally underpriced cohort of founders operating in the world’s most sophisticated markets. Women have had ~50 years or less of theoretical capital access versus centuries of compounding advantage for men. In the United States, until 1974 it was perfectly legal and routine for banks to deny women credit based on sex or marital status — a practice that changed only with the Equal Credit Opportunity Act. Lenders routinely required husbands or fathers to co-sign loans and denied credit for being pregnant or of “childbearing age.” Markets today absolutely reflect that delta. We’re still playing catch-up. Markets do not self-correct historical exclusion. Capital allocation shapes outcomes. This is alpha-seeking capital, not symbolic allocation. Reallocating capital toward high-quality female founders isn’t below-market. It’s rational, return-seeking investing. Way to go HSBC Innovation Banking 👏🏼👏🏼👏🏼
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Dave Goldblatt
Vibe Capital • 2K followers
At Vibe Capital, we believe the venture landscape is bifurcating. The reason is simple: reality is full of drunk cats. "Drunk Cats" are the emergent, second-order effects that arise from simple rules. They can tank a product, entire system, or an entire country. The ability to see -and master - these drunk cats reveals the true split in startups today. It is no longer between software and hardware, but between "impressionistic" founders who map the world as it is, and "mechanistic" founders who can reverse-engineer reality from first principles. My latest Dave's Quick Hits newsletter provides the playbook for identifying and funding these mechanistic architects. It is about a fundamental shift from describing effects to mastering cause. I break down the three core stages of the Mechanistic Playbook: 1. See the System: Identifying the hidden rules and emergent flaws in any complex system, from software to biology. 2. Debug the System: Using technology to patch the legacy "bugs" of a previous industrial paradigm. 3. Architect a New System: Building with true primitives, like DNA, to program matter itself. The next trillion-dollar companies won't be built by operators chasing surface-level trends. They'll be built by system-thinkers who can see, debug, and architect reality’s source code. You can read the full analysis and the investment theses here: https://lnkd.in/dkhkBUwh #VentureCapital #DeepTech #FrontierTech #Investing #Strategy #Biotechnology #Nanotechnology #vibecap #vibecapital #drunkcats
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