VENTURE FUND · HUMAN WELLBEING
We invest in what makes people’s lives better.
IOI CAPITAL is an investment fund built for returns — we back the few companies that deliver outsized good to the greatest number of people, and build them into category leaders.
Fewer bets. Deeper conviction.
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≤5
INVESTMENTS A YEAR
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$3–10M
CHEQUE SIZE
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5
SCIENTIFIC TESTS
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3
FRONTIERS WE BACK
Three frontiers of human wellbeing
- 01
AI-Physical
BETTER WORK
Products at the intersection of artificial intelligence and the physical world that make everyday life tangibly easier.
- 02
Wellness Tech
BETTER LIVES
Technology for wellbeing — more health, more meaning, more quality of life, for body and mind.
- 03
PropTech
BETTER PLACE
Technology for the spaces people live and work in: home, city and the environment around us.
OUR FRONTIERS · HUMAN WELLBEING
Why we go deep on human wellbeing
Better work, better lives, better place — three frontiers where technology delivers outsized good to the greatest number of people. One thesis: human wellbeing, built for returns.
WHY NOW
Technology is moving off the screen into everyday physical life: robotics grows from ~$75B (2024) to $280B+ by 2032 (CAGR 18–20%), and service robotics compounds at 25–35% a year. Wellbeing is where that wave meets people.
THE OPPORTUNITY
$3–5T
Physical-AI market capitalisation by 2040 (Morgan Stanley, BofA) — the wave our three frontiers ride.
WHERE WE FOCUS
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AI-Physical
Products at the intersection of artificial intelligence and the physical world that make everyday life tangibly easier.
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Wellness Tech
Technology for wellbeing — more health, more meaning, more quality of life, for body and mind.
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PropTech
Technology for the spaces people live and work in: home, city and the environment around us.
FROM THE PORTFOLIO · WELLNESS TECH
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YouMatch AI
An AI matchmaking platform building meaningful connections using selfie analysis and DISC models.
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LovOn
An AI relationship-wellness companion helping couples build deeper connection through behavioural science and personalised coaching.
FUND BASICS
The fund, in plain terms
Built for returns, open to a small circle of aligned investors.
$100M
TARGET SIZE · VINTAGE 2026 · IN FORMATION
- STRUCTURE
- LP/GP fund
- DOMICILE
- ADGM, UAE
- STAGE & CHEQUE
- Seed · $3–10M
OUR METHOD · HOW WE SUPPORT
We don’t just write the cheque
The entrepreneur’s job is the product and the customer’s problem. We take on everything else — keeping the founder in a resourceful state at every stage. We call the method Entrepreneur SPA.
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01
Stage-fit networking.
Introductions to people who can bring new revenue and clear the founder’s current obstacle.
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02
Trackers & coaches.
Experienced operators help through the hardest stretches — where teams usually lose momentum.
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03
Vetted contractors.
Proven legal, financial and patent providers across several markets at once.
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04
We help you raise.
After diligence, we help portfolio companies raise the round, staying on as a partner with equity.
The decade rewards conviction, not volume
Capital has never been cheaper to deploy or harder to deploy well. The funds that compound are not the ones that write the most cheques — they are the ones that select hardest and stay closest. We would rather own a meaningful share of five companies we understand completely than a sliver of fifty we don’t.
That is why we cap ourselves at five investments a year, concentrate on the seed stage, and measure a founder before we measure a market.
Built by experts
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Partner
Igor Ovcharenko
VC and angel investor, 13+ years across CEE, Central Asia and MENA; ex-TA Ventures, U-Start and Seedstars; now at LEAP.
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Partner
Shota Shanidze
Advisor with experience across infrastructure, finance and emerging technology; board member and early-stage advisor.
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Wellness & Wellness-Tech Advisor
Odette Campbell
Creative director and wellness consultant; luxury wellness concepts across hospitality and real estate, in the UAE, Europe and Central Asia.
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Advisor
Helene Panzarino
Fintech expert; senior roles at LIBF; fintech researcher at Imperial College; startup mentor and board member.
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Advisor
Azaa Ulziyitogtokh
Social-investment leader; managing partner of a private direct-investment fund; project-finance specialist.
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Advisor
John Carter
Innovation and entrepreneurship expert; associate professor at Saïd Business School, Oxford.
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Business Developer
Marie Matthews
Partnerships and growth — your first point of contact at IOI CAPITAL.
Book a meeting
WHO WE WORK WITH
Three ways to move with IOI
- Submit a project
FOUNDERS
Seed-stage, high-conviction
Cheques of $3–10M, deep operational support, and a partner who helps you raise the next round — not just sit on your cap table.
- Invest with us
INVESTORS
Co-invest alongside us
Smaller cheques and a disciplined selection method. Request our current pipeline of projects.
- Become a partner
PARTNERS
Across MENA, EU & Asia
We work with local funds, integrators and operators. If you see opportunities we should build together in these markets — let’s talk.
OUR METHOD · HOW WE SELECT
How we choose, and how we engage
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01
Initial screening
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02
360° analysis
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03
Industry expert review
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04
Comprehensive due diligence
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05
Deal closure
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≤5 a year
No more than five investments per year — each passes thorough diligence before we commit.
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$3–10M
Cheques of $3–10M — around seed, in a syndicate, or in a growth round.
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MENA · EU · Asia
We focus on MENA, Europe and Asia. A strong English-speaking team and a real problem matter most.
Companies we’re already backing
Across our frontiers — from smart-locker robotics and supply-chain AI to proptech. Where IOI is already active.
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Omnic
AI-PHYSICAL
Smart-locker manufacturer since 2012 — clients include Aramex and IKEA, and a Guinness World Record for the largest network deployment.
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Llama
AI-PHYSICAL
The largest smart-locker network in MENA — 2,000+ locations across five countries, cutting logistics costs by ~20%.
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GMDH Software
AI-PHYSICAL
AI for supply-chain planning and inventory optimization through its Streamline platform.
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NRG
PROPTECH
A leading developer of premium, energy-efficient residential real estate in Uzbekistan.
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Coldwell Banker
PROPTECH
A global real estate brand with 118+ years of history, operating across 40+ countries.
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Solara
PROPTECH
A solar-energy specialist installing photovoltaic systems since 2009.
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YouMatch AI
WELLNESS TECH
An AI matchmaking platform building meaningful connections using selfie analysis and DISC models.
TARGET RETURNS
Target returns for investors
The fund is in formation — the figures below are the fund’s track record and targets, as of July 2026. Illustrative, not guaranteed.
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3.6x
GROSS MOIC
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~18%
NET IRR · TARGET
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2026
VINTAGE
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$100M
TARGET FUND SIZE
STATUS
Fund in formation — no exits yet. Track record attributed to the fund. Figures as of 4 July 2026.
* Targets are illustrative, not guaranteed; final terms in the fund documentation.
OUR METHOD · WHY IT WORKS
Trust is built on method, not marketing
We don’t pitch our process — we apply it. Every company we back is selected through a deep, disciplined method, so capital meets less risk and fewer losses.
~18%
TARGET NET IRR PER ANNUM, ON SMALLER CHEQUES · NOT GUARANTEED
- 01
Founder profiling across five science-based tests: founder–market fit, cognitive & decision profile, resilience under stress, drive & integrity, and coachability.
- 02
A deep read of the industry — its growth trajectory and its competitors.
- 03
Founder–market fit: how the founder’s market psychotype matches the market and the company they’re building.
This isn’t for everyone. We select by hand.
Tell us about you and what you’re building. Every application is read by a person.