Tambi Jalouqa, former CEO of Amman-based pre-seed VC Propeller, has launched Maza Ventures, a new seed fund aimed at backing software and deeptech startups, with a focus on founders from the Middle East and North Africa.
The launch comes after he stepped down from Propeller earlier this year, where he spent over eight years and led the firm as CEO for six. While at Propeller, Tambi helped raise two funds and invested in companies like Maqsam (Jordan), Gameball (Egypt), Oto (Saudi), and Lawhive (UK).
In a post announcing Maza, Tambi said he has started fundraising. “Until the first close, I’ll keep backing founders with smaller angel checks. [After that], I’ll start writing larger tickets under the Maza name.” He has already made eleven angel investments to date.
Maza will focus on highly technical founding teams building globally relevant products in AI, enterprise software, B2B SaaS, biotech, robotics, and advanced computing. According to its website, the fund is “not afraid to back moonshots.”
Tambi also co-founded Xpand, a major product and software event in Jordan. A software engineer by training, he has built multiple products and was the founding CTO of POSRocket, a Jordanian POS startup later acquired by Foodics.
He hasn’t shared the fund’s size or check sizes but plans to build the fund “in public,” including sharing updates on the fundraising journey; something that hasn’t been previously done in MENA’s VC ecosystem.
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