EBLA Ventures Research
Investment Thesis
EBLA Ventures is an early-stage venture firm that invests directly in Syrian startups with early traction and scalable potential. Its stated mission is to unleash the potential of Syrian founders by connecting them with capital, mentorship and a global entrepreneurial network. The firm frames entrepreneurship as a force for economic and social progress and positions itself as part of Syria's post-sanctions reconstruction, pitching investors on an underexplored market of high-potential founders solving real-world problems with technology-driven solutions. Its public site also describes a venture-building model, in which the firm co-builds companies alongside founders, though the disclosed investments to date are conventional pre-seed rounds in founder-led startups.
Stage Focus
Pre-seed. All three disclosed 2026 deals are pre-seed rounds. EBLA typically works with companies through the Thimar program, an initiative supporting Syrian startups preparing for investment, and keeps working with founders on business development, operations and performance tracking until the company is investment-ready.
Check Size
EBLA has led rounds of roughly $100,000 to $200,000 in total size: Nutra-GreeniX ($200K), Alo Hakeem ($165K) and Salehli ($100K). EBLA's own share of each round is not disclosed, so no check size range is stored. Press and the managing partner's interview cite more than $600,000 deployed across funding rounds from investors in Syria, Saudi Arabia and Singapore, and over $500,000 in total investments as of the third 2026 deal.
Lead Tendency
Leads. Every disclosed round is described as led by EBLA Ventures, with participation from other Syrian and Saudi investors, and in Salehli's case Maynger Ventures.
Recent Activity
EBLA says Salehli (October 2026, $100K) was its fourth transaction of 2026 and Alo Hakeem (October 2026, $165K) its third. Nutra-GreeniX ($200K, agritech) closed in January 2026. The second 2026 deal was not identified in public sources. In October 2026 the firm also signed a memorandum of understanding with Maynger Ventures to exchange curated deal flow and help founders become investment-ready. The firm is actively deploying.
Portfolio Highlights
- Nutra-GreeniX: Syrian agritech startup, $200K pre-seed led by EBLA, January 2026.
- Alo Hakeem: home healthcare platform connecting patients with licensed providers in Aleppo, Damascus and Hama, $165K pre-seed, October 2026.
- Salehli: marketplace for maintenance and renovation services, more than 15,000 users and 3,500 professionals, $100K pre-seed, October 2026.
The firm's website has no portfolio page, so this list comes from press coverage and the firm's LinkedIn posts. It is likely incomplete.
Team
- Wasim Hamoud, Managing Partner and Co-Founder. Based in Riyadh. Founder and CEO of MOOLA, a finance-automation company. He launched EBLA the day after US sanctions on Syria were lifted.
- Alex Alwan, General Partner and Co-Founder. Based in Dubai. Previously a lead product role at Product School.
- LinkedIn lists about four employees in total.
Decision Process
A small partnership of two co-founders. Deals follow a long relationship: program participation, hands-on work with founders, then investment once traction and readiness are proven. Founders describe EBLA helping with deal terms and data room preparation.
Founder Preferences
Syrian founders, inside Syria or the diaspora, with early traction and a team committed to the market. EBLA says it favors startups serving everyday consumer needs, with a founder-first, human-centered approach that includes leadership development and founder well-being.
Geographic Focus
Syria exclusively. The firm operates from Syria with international presence in Saudi Arabia, the UAE and the USA. Capital comes from Syrian, Saudi and Singaporean investors.
Gaps
No public fund size, AUM, vehicle structure or exact check size. One 2026 deal is unidentified. Domains for portfolio companies were not confirmed from a portfolio page, so they are left null.