Phoenix Venture Partners invests in COFE Tech to support its growth and IPO readiness.
Round Type
IPO
RiyadhSoftwareArtificial IntelligenceMachine LearningNatural Language ProcessingSaaSDescription
Phoenix Venture Partners Limited has announced its investment in COFE Tech, marking the beginning of a strategic partnership. As COFE Tech prepares for its next growth phase and eventual IPO, this partnership includes the appointment of PVP's CEO, Steve Khayat, to its Board of Directors.
Quick answer
COFE Tech raised an undisclosed amount in a IPO round, dated October 8, 2026. COFE Tech is based in Riyadh, Riyadh Region, Saudi Arabia.
- How much did COFE Tech raise?
- COFE Tech raised an undisclosed amount in a IPO round on October 8, 2026.
- What does COFE Tech do?
- COFE Tech, formerly COFE APP, is the leading operator of agentic AI enterprises providing intelligent procurement and AI-powered commerce infrastructure to over 1,000 businesses across the Gulf.
- Where is COFE Tech based and how big is it?
- COFE Tech is based in Riyadh, Riyadh Region, Saudi Arabia.
Source: Fundz verified event record.
Who else raised in Natural Language Processing and SaaS around the same time
Companies in the same sectors as COFE Tech that raised within 45 days of this round, from Fundz verified event records.
- Granter raised $1.8M (Seed) on November 3, 2026.
- Avante raised $30M (Series A) on October 27, 2026.
- Live2.ai raised $14M on October 27, 2026.
- Estha (Esther.AI Pte. Ltd.) raised $1M (Pre-Seed) on October 26, 2026.
- Karta AI raised $3M (Seed) on October 22, 2026.
- Trissino raised $1.2M (Seed) on October 19, 2026.
Who to call at COFE Tech, and when
A new round usually means COFE Tech is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day COFE Tech raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at COFE Tech, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at COFE Tech. With Fundz connected, it knows.
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Fundz sees it the moment COFE Tech raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
COFE Tech raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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