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    ITHCA Group

    Muscat, OmanFounded 2019

    ITHCA Group is the strategic ICT investment arm of the Oman Investment Authority (OIA), established in 2019 to drive the development of Oman's ICT sector through venture capital and strategic investments in 4th industrial revolution technologies including cloud, cybersecurity, telecom, and AI.

    43% of their portfolio is in Robotics & Automation. Deal activity decreased year-over-year (1 deal in the last 12 months vs 2 prior). Their most common stage is series-b (43% of deals). Average disclosed round size is $25.1M (across 5 rounds with reported amounts).

    Find people at ITHCA Group on Goldilocks AI

    Portfolio

    3

    Fund Size

    —

    Top Stage

    Series B

    Last 12 Mo

    1

    Team

    AS

    Ameer S. Al-Alawi

    Investment and Asset Management Director

    SA

    Sulaiman Al Rawahi

    Tech Investments | Asset Management

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    7 investments
    CompanyRoundAmountDate
    RRihalGrowth$7.5MJul 2026
    Lumotive logoLumotiveSeries B$59MJul 2025
    Lumotive logoLumotiveSeries B$45MFeb 2025
    Lumotive logoLumotiveSeries B—Jan 2025
    RRihalSeries A$7.5MJan 2025
    Movandi logoMovandiUnknown$6.4MJan 2025
    RRihalSeed—Jan 2021

    Top Co-Investors

    Last updated: 20 October 2026