Wamda

COFE Tech receives new backing from Phoenix Venture Partners

Saudi Arabia-HQ enterprise technology company COFE Tech has secured an undisclosed investment from Abu Dhabi-based Phoenix Venture Partners (PVP), alongside co-investors including KSH Investments, the international investment platform of the Private Department of Sheikh Mohamed Bin Khalid Al Nahyan. The investment was completed earlier in 2026. Founded in Kuwait in 2018 by Ali Al-Ebrahim, COFE Tech, formerly COFE App, provides AI-powered procurement and commerce infrastructure to more than 1,000

By Wamda

1 min read
COFE Tech receives new backing from Phoenix Venture Partners
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