Cyfr Capital Backs Five Oman Startups Through Seed Fund With Future Fund Oman

Cyfr Capital co-founders: Majid Al-Lawati, Mazin Al Naamani, and Ali Al Sibani

Cyfr Capital has completed five new investments through its Seed Fund in collaboration with Future Fund Oman, backing startups across five sectors: automotive commerce, food delivery, tourism, artificial intelligence and food packaging.

The five portfolio companies are Sooq Cars, iO Eats, Darrbak, Decoil and Pack’N. The investments are part of Cyfr Capital’s strategy to support early-stage businesses developing products and services for the Omani market, with potential to expand beyond the Sultanate.

The investment values, total capital committed and equity stakes were not disclosed.

Which Five Startups Received Investment?

Startup	Sector	Key Business Metrics
Sooq Cars	Automotive commerce	More than 1 million users; serves Oman and the wider Gulf
iO Eats	Food delivery	More than 30 restaurants; operates across 6 locations
Darrbak	Tourism	More than 260 experiences and 76 local providers
Decoil	Artificial intelligence & data	Develops AI and data solutions for unstructured information
Pack’N	Food & beverage packaging	Provides customised packaging and smart storage solutions

How Is Sooq Cars Expanding Automotive Commerce in Oman?

Sooq Cars operates an automotive trading platform serving Oman and the wider Gulf. Its offering covers vehicles available from stock, vehicle imports, spare parts and leasing.

According to Cyfr Capital, the platform has built a user base of more than 1 million, giving it a significant position within Oman’s digital automotive marketplace.

What Does iO Eats Offer Oman’s Food Delivery Market?

iO Eats operates a food delivery application supported by cloud kitchens across six locations.

The platform allows customers to order from more than 30 restaurants within a single basket, combining food delivery with a cloud-kitchen operating model.

How Is Darrbak Supporting Oman’s Tourism Economy?

Darrbak is a tourism discovery and booking platform focused on experiences in Oman.

The company offers more than 260 experiences spanning adventure, sports, nature, arts and culture. It also works with more than 76 local providers, connecting tourism operators with customers through its digital platform.

How Is Decoil Applying Artificial Intelligence to Business Data?

Decoil develops data and artificial intelligence solutions that help organisations process unstructured data and turn it into actionable insights.

Its focus places AI-driven data processing at the centre of its offering, targeting organisations that need to extract useful information from complex or unstructured datasets.

What Does Pack’N Provide to Food and Beverage Businesses?

Pack’N operates in the food and beverage sector, providing customised packaging and smart storage solutions to businesses.

Its offering addresses operational needs across food and beverage businesses, combining packaging products with storage solutions.

Why Are These Investments Important for Oman’s Startup Ecosystem?

The five investments give Cyfr Capital exposure to five different sectors while supporting startups at an early stage of development.

The portfolio also reflects the breadth of opportunities emerging in Oman’s digital economy, from automotive marketplaces and food delivery to tourism technology, AI and business infrastructure.

Through the collaboration between Cyfr Capital and Future Fund Oman, the startups are expected to use the new capital to:

• Develop and improve their products and services
• Expand their operations in Oman
• Strengthen their ability to scale
• Build solutions targeting specific opportunities in the Omani market

For Oman’s early-stage ecosystem, the investments also demonstrate continued institutional support for locally focused technology and technology-enabled businesses.

How Much Did Cyfr Capital Invest in the Five Companies?

The parties did not disclose the individual investment amounts, combined value of the five investments or equity stakes acquired.

As a result, the financial size of Cyfr Capital’s latest Seed Fund deployment cannot be determined from the announcement.

The five investments nevertheless expand the firm’s early-stage portfolio across five sectors and five distinct business models, reinforcing its focus on startups with products designed for the Omani market and potential regional scalability.

 

 

FAQs

1. Which startups did Cyfr Capital invest in?
Cyfr Capital invested in five startups: Sooq Cars, iO Eats, Darrbak, Decoil and Pack’N.

2. Which sectors do the five Cyfr Capital portfolio companies operate in?
The companies operate across automotive commerce, food delivery, tourism, artificial intelligence and food and beverage packaging.

3. What is Future Fund Oman’s role in the investments?
Future Fund Oman collaborated with Cyfr Capital on the five Seed Fund investments, supporting early-stage businesses operating in Oman.

4. How many users does Sooq Cars have?
According to Cyfr Capital, Sooq Cars has more than 1 million users and serves Oman and the wider Gulf.

5. How much did Cyfr Capital invest in the five startups?
The individual investment amounts, total capital invested and equity stakes were not disclosed.