Cyfr Capital Backs Five Omani Startups From Its Seed Fund

Oman-based venture capital firm Cyfr Capital has completed Seed Fund investments in five Omani startups. The investments were made in collaboration with Future Fund Oman. The backed companies are Sooq Cars, iO Eats, Darrbak, Decoil, and Pack'N. Together they cover automotive commerce, food delivery, tourism, AI and data, and food packaging and storage.

Sooq Cars operates an automotive marketplace and has more than one million users. It serves Oman and the wider Gulf, with services that include vehicles from stock, imports, spare parts, and leasing. That makes it the most consumer-scale business in the group.

iO Eats runs a food delivery platform supported by cloud kitchens across six locations. Customers can place orders from more than 30 restaurants in a single basket. The combination of its own cloud kitchens and a wider restaurant network separates it from delivery services that only connect orders to drivers.

Darrbak operates a tourism discovery and booking platform in Oman. It offers more than 260 tourism experiences across adventure, sports, nature, arts, and culture. The company works with more than 76 local providers, which positions it as a bridge between visitors and local operators.

Decoil develops AI and data solutions. Its focus is helping organisations process unstructured data into actionable insights. Pack'N provides customised packaging and smart storage solutions for the food and beverage sector. These two are business-facing, while Sooq Cars, iO Eats, and Darrbak target consumers directly.

Cyfr Capital has not disclosed individual investment values, the total capital deployed, or the equity stakes acquired. The funding is intended to provide capital for product development and expansion. The investments fit the firm's strategy of supporting early-stage companies, and the collaboration with Future Fund Oman supports early-stage businesses in the country.

Looking at the portfolio by sector, rather than by deal size, shows a fund distributing risk across very different operating models. A car marketplace, a delivery platform, a tourism marketplace, an AI firm, and a packaging company each face their own pressures and growth timelines. For the startups, the practical benefit of the round extends beyond cash: Future Fund Oman's involvement gives them a partner aligned with the goal of backing early-stage businesses, which can matter when they later seek further funding. What remains missing is valuation, since none of the investment terms were made public. That makes it harder to assess what Cyfr Capital paid for each stake, yet it does not change the central point. The firm is placing seed-stage bets across the entire span of Omani startups, from consumer apps to business-to-business data and packaging.