Plus VC
Overview
Plus VC is a venture capital firm primarily based in Abuja, Nigeria, and was founded in 2020. The firm focuses on investing in technology and tech-enabled startups, with a particular emphasis on seed rounds for companies based in the United Arab Emirates. Plus VC aims to support ventures that pioneer innovations and address market challenges, aligning with UN Sustainable Development Goals. With an active team of four members, including two partners, the firm is dedicated to fostering growth and scaling startups efficiently.
Recent Developments
- As of August 2025, Plus VC has made 16 new investments in the past year, with prominent participation in the seed round for Suplyd, raising $2 million in collaboration with other investors such as Seedstars and 4DX Ventures.
- Plus VC's investment strategy has seen diversification across sectors like Enterprise Applications, FinTech, and Consumer Technology, operating mainly in UAE, Egypt, and Saudi Arabia.
- Recent investment activity has notably included funding in OCTA, a provider of automated account receivables and reporting solutions focused on the Abu Dhabi area, and financing operations in traditional investment vehicles within rising markets.
- The firm has also been engaged in pursuing ventures that blend technological advances with ESG principles, highlighting a strategy focused on sustainable investing.
- In 2025 alone, Plus VC has participated in 13 investments, showcasing a steady expansion in its portfolio, as well as continual investment in tech-focused startups.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2020 |
| Headquarters | Abuja, Nigeria |
| Founders | Hasan Haider and Co-founders |
| Revenue | N/A |
| Profits | N/A |
| Key Investors | Flat6Labs, Seedstars, 4DX Ventures |
| Industry | Venture Capital |
| Number of Employees | 4 |
Early History
Plus VC was founded with the vision to stimulate economic growth in the MENA region and other emerging markets by investing in early-stage technology ventures. The firm was established in an era marked by increased interest in technological innovation, and it quickly grew its reputation in fostering startups centered on innovative solutions to market problems. Its initial investments were concentrated within the United Arab Emirates and gradually expanded to other countries in the MENA region.
The firm’s foundational years saw it closely aligning investment strategies with sustainable development goals, embracing investments that not only promised financial returns but also broader social impacts.
Company Profile and Achievements
Plus VC has crafted itself as a proactive player in the venture capital landscape, leveraging partnerships and its team's expertise to guide promising startups towards market success. The firm is primarily focused on tech-enabled innovations and solutions addressing critical regional challenges.
Significant achievements include:
- Building a broad portfolio dispersed over key sectors such as FinTech, Enterprise Applications, and Consumer Technology.
- Partnering with other major VC players to pool resources, thus maximizing potential investment impacts on startup scale and success.
- Establishing a solid footing in seed investments with a continuous stream of deals, averaging about 10 per annum in recent years.
Through these strategic initiatives, Plus VC has managed not only to hold significant stakes in potential 'unicorn' projects but also foster disruptive technologies aimed at long-term market impacts.
Current Operations and Market Position
Plus VC continues to enhance its operational mandate by focusing investments on innovations that are transformative, scalable, and economically sustainable. The firm maintains an aggressive yet disciplined investment strategy, particularly leaning into high-growth sectors like AI and FinTech, which are pivotal in the global shift towards digitalization. By 2025, Plus VC has carved a significant position in the MENA region, investing in the United Arab Emirates, with a strong portfolio presence in emerging economies.
Conclusion
Plus VC stands today as a formidable venture capital firm in the emerging markets, providing critical investments that catalyze growth and foster innovation across the technology spectrum. With a focused drive for impact, adherence to sustainable growth, and strategic sector engagement, Plus VC is poised to not only enhance its regional presence but also significantly contribute to the evolving venture capital landscape globally.