Nashid
ActiveBlockchain- and AI-enabled workforce identity, credential, and permit-verification platform for industrial sites
Muscat-based identity-technology startup founded 2022 by Ahmed Al Marjeby and Mahmood Al Lawati. Originally a blockchain digital-identity platform, went through Switzerland's Tech4Trust accelerator. By 2026 pivoted to Nashid Workforce, centralizing worker credentials for oil & gas, construction, manufacturing clients across GCC. ~7-8 employees, also Riyadh office per LinkedIn.
Founders
Funding Rounds
Lead: Oman Technology Fund (Techween)
Investors: Oman Technology Fund (OTF Techween)
Pre-seed via OTF's Techween programme after Nashid was a top-10 project at the COMEX pitch competition (June 2022); year 2022. Amount not disclosed for Nashid; Techween's published standard terms are US$50,000 for 7% equity. Tracxn instead lists a US$150K seed on 2022-10-15 led by Oman Tech Fund plus one other investor - likely the same event, figure unconfirmed. Also: https://laraontheblock.com/oman-now-has-blockchain-enabled-digital/ https://www.otf.om/techween/ https://tracxn.com/d/companies/nashid/__MQoOB3nDFvHyILyV9zklvKFkIyAaDi2A44bufZfPKC8 Confidence: confirmed (round 13, Muscat Daily).
Investors: Future Fund Oman
Nashid is named by Future Fund Oman (Oman Investment Authority) among the approved SME/startup investments of its first wave, executed through partner fund managers (Tanmia, ITHCA, Omantel, Cyfr Capital); PitchBook lists Cyfr Capital as an investor, so the vehicle was most likely Cyfr's FFO-backed seed fund. Amount and stage not disclosed (SME/startup tickets capped at OMR 5 million). FFO's own press release restating the list is dated November 2024. Also: https://www.prnewswire.com/ae/news-releases/future-fund-oman-launches-first-wave-of-investment-projects-worth-over-us-2-billion-302311728.html https://pitchbook.com/profiles/company/537902-02 Confidence: confirmed (round 13, Oman Observer).
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