- Propeller launches USD 50M Fund III to back AI infrastructure and software startups bridging MENA talent with global markets.
- The fund focuses on horizontal AI infrastructure and AI-native applications, targeting startups scaling in the U.S. and MENA regions.
Propeller operates across Amman, Riyadh, Boston, and Silicon Valley, connecting founders, investors, and enterprise AI projects globally.
Propeller
Rooted in Jordan, Propeller, a venture capital firm focused on AI infrastructure, launched its USD 50M Fund III.
The fund intends to connect MENA’s technical and entrepreneurial talent with the market opportunities of Silicon Valley. Additionally, it aims to link AI startups in the USA with the key players implementing large-scale AI infrastructure projects in the Middle East.
“The future of MENA tech isn’t local, it’s global. Our strategy is to back founders who are building for cross-border growth. We strongly believe that our region will play a key role on the world stage in building the future of AI infrastructure,” said Zaid Farekh, Founder of Propeller.
AI Infrastructure
Propeller’s third fund will focus solely on software startups building horizontal AI infrastructure and AI-native applications. This will range from silicon-adjacent to enterprise workflows.
“Propeller Ventures Fund III is designed as a bridge between exceptional builders and buyers from the MENA region and the startup, venture, and artificial intelligence ecosystems of Silicon Valley,” said Zaid Farekh, Founder of Propeller.
So far, the new fund has made five investments this year. All of which are based in or actively selling to the U.S. market. This includes Codemod, Netpreme, Stealthium, Pebble, and Ciphero AI.
Founded in 2017, Propeller is a global venture capital firm investing in Seed to Pre-Series A stage startups. It focuses on startups building horizontal AI infrastructure, AI-native applications, developer tools, and core software systems, from silicon-adjacent technologies to enterprise workflows.
The VC is rooted in Jordan and now operates across Amman, Riyadh, Boston, and Silicon Valley, bridging the MENA and U.S. ecosystems.
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