Phaze Ventures Launches Two Funds Targeting Over $75 Million

Phaze Ventures, Oman’s first private venture capital firm, has announced the launch of two funds targeting over $75 million, with more than $40 million in investor commitments secured so far. The Phaze Ventures Fund II aims to back AI and deeptech startups globally, while the Phaze Ventures Oman Fund focuses on supporting local AI-enabled businesses. The firm has already made 10 investments to date. This move follows eight years of experience in the Omani market, reflecting the acceleration of AI adoption in the country and the strengthening of the national AI strategy, paving the way for more initiatives in this sector.