Elm is a Saudi digital services company owned by the Public Investment Fund (PIF) that operates a corporate venture capital arm, Elm Ventures, investing in early-stage technology startups across mobility, health, information security, and financial services in the MENA region.
33% of their portfolio is in E-Commerce & Marketplace. Average disclosed round size is $24.1M (across 12 rounds with reported amounts).
Portfolio
10
Fund Size
—
Top Stage
Series C
Last 12 Mo
0
Team
MP
Michael Ponticello
Founding Partner and CEO
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
15 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Syarah | Series B | $12M | Jan 2026 |
| Syarah | Series C | — | Sep 2024 |
| Syarah | Series C | $60M | Jan 2024 |
| FFlyAkeed | Series A | $15.2M | Aug 2023 |
| TTelgani | Series A | $6M | Feb 2023 |
 Bayzat | Series C | $25M | Jan 2022 |
 Torod | Series A | — | Jan 2022 |
 Cura | Series A | — | Oct 2021 |
| HHealthifyme Pte Ltd | Series C | $75M | Jul 2021 |
 Foodics | Series B | $20M | Feb 2021 |
 Zid | Series A | $7M | Jan 2021 |
| Syarah | Unknown | $20.0M | Jan 2021 |
| Bayzat | Series B | $16M | Oct 2019 |
| HHealthifyme Pte Ltd | Series C | $30M | — |
| RReachware | Seed | $3M | — |
Top Co-Investors
Impact467 shared
Endeavor4 shared
BECO Capital4 shared
Chiratae Ventures2 shared
Unilever Ventures2 shared
HealthQuad2 shared
Khosla Ventures2 shared
Inventus Capital Partners2 shared
LeapFrog Investments2 shared
Sanabil Investments2 shared
Mubadala Ventures2 shared
Greyhound Capital2 shared
Wa'ed Ventures2 shared
500 Global2 shared
STV1 shared
DisruptAD1 shared
Techstars1 shared
Arzan Venture Capital1 shared
Finnfund1 shared
British International Investment1 shared
Last updated: 20 October 2026