Cyfr Capital, Future Fund Oman back Sooq Cars in five-deal seed push
What's the deal? Muscat-based Cyfr CapitalDealroom has a profile for this one. Try Dealroom → has completed a seed investment in vehicle-trading platform Sooq CarsDealroom has a profile for this one. Try Dealroom →, with Future Fund Oman (FFO)Dealroom has a profile for this one. Try Dealroom → participating. It was one of five seed deals the firm closed through its Seed Fund alongside FFO, announced on 18 August 2026.
What does the company do? Sooq Cars runs a car-trading platform covering Oman and the wider Gulf, spanning ready stock, imports, spare parts and leasing. Cyfr Capital said the platform's user base exceeds one million.
Who else got funded? The other four are food-delivery app iO EatsDealroom has a profile for this one. Try Dealroom →, tourism-booking platform DarrbakDealroom has a profile for this one. Try Dealroom →, DecoilDealroom has a profile for this one. Try Dealroom →, and packaging supplier Pack'NDealroom has a profile for this one. Try Dealroom →. Cyfr Capital did not disclose individual deal sizes, the total committed, or the stakes acquired.
Why now? FFO, the venture and growth arm set up under the Oman Investment AuthorityDealroom has a profile for this one. Try Dealroom → in 2024, has been an active backer of local startups. In August 2026 it announced a package of 105 projects and investments worth RO 583 million.
What's the endgame? Cyfr Capital said it funds companies at the product-development and early-expansion stage, framing the FFO tie-up as support for Oman's entrepreneurship ecosystem.
The signal: The five-deal batch shows Oman's state-backed capital moving in step with private venture money to seed early-stage founders across consumer, AI and industrial sectors.
Read more: Oman Observer
Image credit: William Hook
