Capital raising services in Bahrain
Bahrain's venture fundraising market is growing, anchored by fintech, crypto-asset and enterprise services companies that benefit from the CBB's first-in-GCC regulatory sandbox and Bahrain FinTech Bay's ecosystem infrastructure.
Companies including Rain, Tarabut Gateway and CoinMENA have raised USD-denominated growth rounds from regional and international investors - with Khaleeji Bank's technology initiatives and broader GCC investor participation deepening the available capital pool.
Flow manages mid- to late-stage VC fundraising processes for Bahraini founders raising growth capital on the best terms available - drawing on an extensive VC investor network, building the operating and financial model, preparing pitch materials and running end-to-end process management from first outreach through to close.
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VC rounds raised in the last 12 months in Bahrain
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Median VC valuation (across all stages) in Bahrain
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Median VC revenue multiple (across all stages) in Bahrain
$39M
Largest VC round raised in Bahrain in the last 12 months
Raising venture capital in Bahrain
Bahrain's VC market is small but growing, helped by Bahrain FinTech Bay and the CBB regulatory sandbox. Most material rounds at Series A and later involve cross-border participation from broader GCC investors.
Documentation conventions
Bahraini venture rounds typically use international (English-law or US-influenced) documentation. The Bahrain legal framework is relatively friendly to international templates.
Convertibles and SAFEs
Convertible loan notes and Y Combinator SAFEs are both used in Bahraini venture rounds.
Bahraini and offshore structures
Venture-backed Bahraini companies operate via Bahrain-domestic entities or offshore parents (UAE/ADGM, Delaware). Free zones (BIIP and others) provide additional structural options.
Round structure norms
Priced rounds use 1x non-participating liquidation preference with broad-based weighted average anti-dilution. Founder vesting (4-year, 1-year cliff) is increasingly standard.
CBB and sector approvals
Sector-specific regulatory consents (CBB for fintech, TRA for telecoms) may be required pre-completion. Most pure-tech rounds operate without sector-specific approval.
Closing mechanics
Closings vary by structure - offshore-parent closings follow international conventions. Bahraini-domestic closings involve Ministry of Industry and Commerce filings.
Startups who recently raised money in Bahrain
Largest VC round raised recently in Bahrain was a $3.0M Seed of Siin in May 2026.
See all VC rounds in Bahrain| Logo | HQ | Description | Investors | |||||
|---|---|---|---|---|---|---|---|---|
May-26 | Siin | | Siin is an e-commerce marketplace. | Abdulla Al HashmiMussab Al Hakami+5 | $3.0M | - | Seed | |
Apr-26 | Lola Do | | Lola Do is a Dubai-headquartered FoodTech company revolutionizing gifting with customizable digital platforms for corporate and personal presents, including edible bouquets and themed boxes. Expanded to Riyadh in 2022, the service delivers across the GCC via same-day logistics partners, partnering with luxury chocolatiers and bakeries for over 500 product variations. | AlJazira MawtenPlus Venture Capital+2 | $3.0M | - | Seed | |
Jan-26 | Receiptable | | Receiptable, a Manama-headquartered fintech, processes receipt data for banks and retailers across the MENA region, founded in 2022 with offices in Abu Dhabi and London to enhance customer insights and personalization. | 21st Century Internet Venture PartnersAngelsdeck Global Ventures+2 | - | - | Seed |
Top VCs and strategic investors in Bahrain
Plus Venture Capital, Oraseya Capital, AlJazira Mawten and Nuwa Capital funded the most startups in Bahrain in the last 12 months.
See all VCs in Bahrain| Logo | HQ | Description | Key portfolio | |||
|---|---|---|---|---|---|---|
Plus Venture Capital | | Plus Venture Capital is a Dubai-headquartered early-stage fund investing in MENA tech startups from seed to Series A. Portfolio spans fintech like Tabby and healthtech such as Altibbi, with 20 investments across UAE, Saudi Arabia, and Egypt. It provides follow-on funding up to $5 million per deal alongside mentorship from Google and Microsoft alumni. Active since 2016, Plus VC manages $100 million across two funds targeting B2B SaaS. | SiinLola Doestaie | 3 | Seed | |
Oraseya Capital | | Oraseya Capital is the venture capital division of Dubai Integrated Economic Zones Authority based in the United Arab Emirates. It invests in early-stage startups across technology, logistics, healthcare, and manufacturing sectors within Dubai's free zones. The firm supports companies leveraging Dubai's strategic position as a global trade hub, providing capital alongside access to regulatory sandboxes and infrastructure in zones like Dubai Multi Commodities Centre and Jebel Ali Free Zone. Oraseya Capital backs ventures such as robotics firm Asyad and healthtech innovator Altibbi, aiming to foster innovation ecosystems that contribute to Dubai's Vision 2030 economic goals. | ReceiptableCaloQureos+1 | 2 | Seed | |
AlJazira Mawten | | AlJazira Mawten (REIT) is a Shariah-compliant real estate investment traded fund. The investment objective of the fund is to invest in structurally developed real estate that generates periodic income and has invested mainly in warehouses in Jeddah. | Lola DoCaloVUZ | 2 | Seed | |
Nuwa Capital | | Nuwa Capital is a Dubai-headquartered investment platform founded in 2020 that connects founders with capital providers in financial services, venture capital, and private equity sectors. The firm operates across the Middle East and North Africa, backing early-stage startups in fintech and related fields. It emphasizes transparent deal flow and community-driven investments, enabling retail investors to participate alongside institutions. Nuwa Capital manages funds through its proprietary marketplace, fostering long-term relationships in emerging markets. | CaloAyaMantas+2 | 2 | Series B | |
Khwarizmi Ventures | | Khwarizmi Ventures is a Dubai-based venture capital firm investing in AI, machine learning, and algorithm-driven startups across the Middle East. The fund backs companies like Bayzat and Stake with seed and Series A rounds, focusing on sectors including fintech, healthtech, and logistics. | CaloAyaSimplified Financial Solutions Company+1 | 2 | Series B | |
Vision Ventures | | Vision Ventures is a Singapore-headquartered early-stage venture capital firm targeting seed and Series A investments in technology startups across fintech, healthtech, and consumer sectors. Its hands-on approach includes guidance in marketing strategies, sales scaling, product roadmaps, financial modeling, and international expansion for portfolio companies. The team draws from 90 years of combined entrepreneurial experience in Asia and Europe. | Lola DoMadeedDEEP.SA+1 | 2 | Pre-seed | |
STV | | STV is a Riyadh-based venture capital fund launched in 2018 by Saudi Telecom Company (STC), MENA's largest telecom operator. Anchored by STC's network, content channels, analytics, and 50 million customer base, STV invests in tech startups scaling in fintech, edtech, and healthtech. The fund targets Series A and B rounds with co-investment opportunities across the Middle East and North Africa. | CaloStreamSignit+2 | 2 | Series B | |
A | Abdulla Al Hashmi | Abdulla Al Hashmi is an individual investor. | Siin | 1 | Seed | |
shift |  | shift is a venture accelerator and investment gateway in Southeastern Europe. The firm supplies startups and scaleups with advising, fundraising, M&A support, and programs. Investors access deal flow, co-investments, syndicate management, and tech sector venture partnerships. | Siin | 1 | Seed | |
Orbit Startups |  | Orbit Startups is a venture capital firm targeting tech companies digitizing traditional industries in emerging markets. The Singapore-headquartered investor supports startups in e-commerce, fintech, media, healthcare, education, and logistics through initial investments, follow-on funding, and lifetime programs for partnerships and growth. Orbit operates across Asia, Latin America, and Africa. | DaleelSignaIntRest+2 | 1 | Seed |
What if not VC? Non-equity funding in Bahrain
Bahrain's non-dilutive funding stack is moderate but structurally favourable - between Tamkeen programmes, BDB lending, CBB sandbox and the no-personal-tax environment, Bahrain-based operations have meaningful capital-light operating economics.
Tamkeen programmes
Tamkeen provides grants, subsidised lending and acceleration for Bahraini SMEs. Material non-dilutive capital source.
Bahrain Development Bank
BDB provides subsidised lending and equity participation for SMEs. Often used alongside private VC for working capital and growth.
CBB FinTech sandbox
CBB regulatory sandbox provides accelerated licensing pathway for fintech and crypto-asset services. Material for fintech founders considering Bahrain as a regional GCC licensing base.
Tax environment
Bahrain imposes no personal income tax and (historically) no corporate income tax for most domestic activities, though 15% Domestic Minimum Top-Up Tax has been introduced for large multinationals. 10% VAT in effect from 2022.
Bahrain FinTech Bay
Bahrain FinTech Bay provides incubation, networking and licensing support for fintech founders. Material non-dilutive ecosystem support.
Regional venture debt
Regional GCC venture debt providers operate in Bahrain via UAE-based arms. Typically deployed against ARR or contracted revenue from Series A onwards.
Why Flow Partners as your capital raising advisor?
Kraft KPI-driven narrative
High-growth companies require thorough understanding to accurately capture their value potential. We build compelling, data-driven equity stories that resonate with investors and minimize due diligence intensity.
Move fast and cut the BS
We have a strong appreciation for the power of speed and efficiency when fundraising. Expect a rigorously efficient deal process with minimized management distraction. Founders run the business, we pick up the heavy lifting.
Access relevant investors
Our close relationships with leading late-stage VC and growth equity investors as well as non-traditional capital providers, like family offices and sovereign wealth funds, enable us to find best-fit partners for a given scenario.
Valuation is only one part of the equation
When it comes to growth capital, valuation is only one side of the medal. We help to bridge incentive gaps between founders and investors and make sure you raise money on best possible terms.
We provide capital raising services across Bahrain and beyond
Sector expertise
Explore our VC fundraising offering across a variety of tech sectors in Bahrain.
Software
Vertical and horizontal SaaS, AI-native software products, infrastructure SaaS, cybersecurity
AI & ML
Foundation models, AI applications, AI infrastructure, semiconductors, AI consulting
Fintech
Neobanking, online payments, fintech infrastructure, lending platforms, wealth tech, online brokerage, vertical FS software
Consumer internet
Consumer software subscription platforms, edutech, online content, social networks, online dating
Digital media
Streaming platforms, mobile and console gaming, content distribution, digital publishing, VR & AR
E-commerce & marketplaces
Consumer and B2B marketplaces, inventory-based e-commerce, classifieds, lead generation platforms
Consumer products
Direct-to-consumer (D2C) brands, consumer electronics, smart home devices, lifestyle products
Mobility
Ridesharing, micromobility, food delivery, logistics tech, autonomous tech, EV charging infrastructure
Digital health
Digital therapeutics, telemedicine, mental health solutions, EHR and practice management, vertical healthcare SaaS
Industrial technology
Industry 4.0 solutions, 3D printing, climate tech, industrial IoT, robotics, smart manufacturing
Digital infrastructure
Data centers, cloud infrastructure, edge computing, network security, vertical infrastructure SaaS
IT services
Software development and testing, digital transformation, cloud services, advertising agencies, IT support services
Selected case studies
We've advised companies from series A to series D and beyond.
Our capital raising experience spans across various tech sectors and geographies.
We advised Elysian Fields on its investment into Orka, a Reykjavik-based portfolio of online consumer lending platforms, supporting deal structuring and growth-capital deployment in the Icelandic fintech market.
Recently completed VC fundraising projects
Selected capital-raising mandates and prior investment experience.
Got questions?
Schedule a call ordrop us an email to learn more about our CFO-as-a-service, capital raising and M&A advisory offering.
More services
We're with you before and after raising VC money: we help you organise your FP&A as fractional CFOs, and coordinate your M&A process.
Fractional CFO in Bahrain
We integrate into your workflows to help with financial modelling, build out FP&A tech stack, and ultimately provide guidance towards an M&A or raising venture capital.
Learn moreM&A in Bahrain
We advise winning tech companies on M&A exits, and over the years successfully executed numerous transactions with both financial and strategic buyers.
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Schedule a call to get a health check on your business and see how we could help.
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