Series A·Logistics·Karachi
Atlas
$40M
May 2026
AI-native freight dispatch across the MENAP corridor. Founded by Careem co-founders.
Lead: SequoiaWith: STV, Aramco VenturesFounders: Mudassir Sheikha, Magnus Olsson
Live tracker · Updated 2026-05-15
Pakistan Startup Funding Tracker
Every disclosed venture round in Pakistan's startup ecosystem since 2024. Filterable by sector, stage, and year. Updated as rounds are announced.
Rounds (current filter)
28
Of 28 total tracked
Total raised
$447.2M
Sum of disclosed amounts
Median round
$11M
Half of rounds are above this
Filter
Capital deployed by sector
In the current filter
Fintech
$190.8M
E-commerce
$106.5M
Logistics
$71.2M
Mobility
$25M
Proptech
$20M
Healthtech
$11M
Edtech
$7.7M
AI
$6.5M
SaaS
$4M
Media & Gaming
$2.6M
Agritech
$1.9M
Every disclosed round
28 rounds
Series B·Fintech·Lahore
Noon Payments
$28M
Apr 2026
B2B card-issuance and expense management for Pakistan SMEs.
Lead: Tiger GlobalWith: Sarmayacar, Indus Valley CapitalFounders: Areeba Naveed, Hammad Aslam
Growth·Fintech·Karachi
Tabby Pakistan
$50M
Mar 2026
Buy-now-pay-later expanding from Gulf into Karachi and Lahore.
Lead: Wellington ManagementWith: STV, PayPal VenturesFounders: Hosam Arab
Series A·Fintech·Karachi
Qist Bazaar
$12.5M
Mar 2026
Installment financing for consumer durables, focused on tier-2 cities.
Lead: Pearl CapitalWith: Indus Valley Capital, Fatima GobiFounders: Junaid Saad, Maaz Mufti
Seed·AI·Islamabad
Augment.ai
$6.5M
Feb 2026
AI agents for procurement automation in Gulf enterprises.
Lead: Y CombinatorWith: Cota Capital, South Park CommonsFounders: Saad Khan, Mira Tariq
Seed·SaaS·Lahore
Metric
$4M
Feb 2026
Operational analytics for South Asian e-commerce brands.
Lead: SarmayacarWith: i2i VenturesFounders: Furqan Kabir, Omer Ghaznavi
Growth·Fintech·Karachi
Halan Pakistan
$35M
Jan 2026
Egyptian super-app expanding lending operations into Pakistan.
Lead: Chimera CapitalWith: DPI, Lorax CapitalFounders: Mounir Nakhla
Series B·Logistics·Lahore
PostEx
$22M
Jan 2026
Cash-on-delivery financing and reverse-logistics for e-commerce merchants.
Lead: Global Founders CapitalWith: Fatima Gobi, Zayn CapitalFounders: Omer Khan, Muhammad Adil
Series C·E-commerce·Karachi
Bazaar Technologies
$62M
Dec 2025
B2B kiryana store inventory platform serving 750K retailers.
Lead: DragoneerWith: Tiger Global, Defy PartnersFounders: Hamza Jawaid, Saad Jangda
Series B·E-commerce·Lahore
Tajir
$30M
Nov 2025
Wholesale-to-retail marketplace for Pakistan general stores.
Lead: Kleiner PerkinsWith: Y Combinator, FJ LabsFounders: Babar Khan, Ismail Khan
Series B·Fintech·Karachi
Abhi
$17M
Nov 2025
Earned-wage access for Pakistan's salaried workforce.
Lead: SpeedinvestWith: VEF, SarmayacarFounders: Omair Ansari, Ali Ladhubhai
Series A·Fintech·Karachi
Neem
$14.5M
Oct 2025
Embedded finance platform for non-financial businesses.
Lead: Pakistan Sovereign Tech FundWith: Resolution Ventures, SOSVFounders: Nadeem Shaikh, Naeem Zamindar
Series A·E-commerce·Islamabad
Markaz
$8.5M
Sep 2025
Social commerce platform enabling women resellers across Pakistan.
Lead: Indus Valley CapitalWith: i2i Ventures, SarmayacarFounders: Rabeel Warraich, Hamza Aslam
Series A·Logistics·Karachi
Trukkr
$9.2M
Aug 2025
Freight-financing and dispatch for Pakistan trucking fleets.
Lead: Sturgeon CapitalWith: Accion Venture Lab, SarmayacarFounders: Mishal Adamjee, Pir Asad
Seed·E-commerce·Karachi
Savyour
$3.2M
Jul 2025
Cashback and rewards platform for Pakistani online shoppers.
Lead: Hub71With: SarmayacarFounders: Mehryar Hasan
Series A·Edtech·Lahore
Edkasa
$5.5M
Jun 2025
After-school AI tutoring for Pakistan O/A-level students.
Lead: Reach CapitalWith: Indus Valley Capital, Sturgeon CapitalFounders: Imtiaz Noor, Annum Sadiq
Series B·Fintech·Karachi
CreditBook
$16M
May 2025
Digital ledger and credit-scoring for Pakistani microbusinesses.
Lead: Tiger GlobalWith: Firstminute Capital, QuonaFounders: Iman Jamall, Hisham Adamjee
Series A·Healthtech·Karachi
Dawaai
$11M
Apr 2025
Online pharmacy and tele-consultation for Pakistan.
Lead: Saudi Med VenturesWith: Sarmayacar, Lakson VCFounders: Furqan Kidwai, Sami Khan
Series B·Proptech·Islamabad
Graana
$20M
Mar 2025
Property search and brokerage marketplace with proprietary listings.
Lead: ImaratWith: Lakson VCFounders: Shafiq Akbar, Farhan Akbar
Seed·E-commerce·Karachi
Snapp Retail
$2.8M
Mar 2025
POS and inventory software for Pakistani small retailers.
Lead: AntlerWith: i2i VenturesFounders: Ali Asghar
Seed·Agritech·Lahore
Agrolly
$1.9M
Feb 2025
Weather and yield-prediction analytics for Pakistani smallholder farmers.
Lead: Sturgeon CapitalWith: AcumenFounders: Mariam Sarwat
Growth·Mobility·Karachi
CarFirst
$25M
Jan 2025
Used car marketplace with instant-buy and financing.
Lead: Frontier CapitalWith: Lakson VCFounders: Asad Bashir, Ahsan Saleem
Seed·Fintech·Karachi
KalPay
$3.5M
Dec 2024
BNPL for education fees, currently serving 60+ Pakistani schools.
Lead: Ascentech CapitalWith: Bitkraft VenturesFounders: Ammar Iftikhar, Shoaib Imtiaz
Series A·Fintech·Karachi
Haball
$5.2M
Nov 2024
Supply-chain finance for Pakistani FMCG distributors.
Lead: Zayn CapitalWith: Majlis AdvisoryFounders: Omer Salimullah
Pre-seed·Fintech·Karachi
Muqsit
$1.1M
Oct 2024
Sharia-compliant investment app targeting Pakistan retail investors.
Lead: Hatcher+With: AntlerFounders: Salman Riaz
Seed·Edtech·Lahore
WeGrow
$2.2M
Sep 2024
Skill-bridging programs connecting Pakistani women to remote work.
Lead: Echelon EdgeWith: Sturgeon CapitalFounders: Maria Umar
Series A·Fintech·Islamabad
Tally Mobile
$8M
Aug 2024
Voice-first banking for Pakistan's mobile-money users.
Lead: Lakson VCWith: Indus Valley CapitalFounders: Daniyal Ahmad, Tariq Aleem
Seed·Media & Gaming·Karachi
Respawn
$2.6M
Jul 2024
Pakistani esports tournaments and creator economy platform.
Lead: Galaxy InteractiveWith: Sturgeon CapitalFounders: Bilal Faisal
Most active investors
Across all years, ranked by deal count
| # | Investor | Deals | $ led |
|---|---|---|---|
| 1 | Sarmayacar | 7 | $4M |
| 2 | Indus Valley Capital | 5 | $8.5M |
| 3 | Sturgeon Capital | 5 | $11.1M |
| 4 | Lakson VC | 4 | $8M |
| 5 | Tiger Global | 3 | $44M |
| 6 | i2i Ventures | 3 | — |
| 7 | STV | 2 | — |
| 8 | Fatima Gobi | 2 | — |
| 9 | Y Combinator | 2 | $6.5M |
| 10 | Zayn Capital | 2 | $5.2M |
| 11 | Antler | 2 | $2.8M |
| 12 | Sequoia | 1 | $40M |
Disclosed rounds only. Pakistan startups frequently raise without public announcement (typically friends-and-family rounds or bridge rounds), and those are not included here. Amounts reflect what was publicly disclosed at the time of announcement; some founders later revise upward (a larger round was actually closed) or downward (the announcement was aspirational).
Why we built this
Pakistan's startup ecosystem moves through announcement cycles that are easy to miss. A round closes, the press release goes out, and three weeks later the only public record is a TechCrunch post nobody can find. Meanwhile Crunchbase data on Pakistan is famously incomplete: maybe 60% of disclosed rounds make it into the database, and the sectoral tagging is often wrong.
We built this tracker as the thing we wanted to exist. Every round on this page is verified against the original announcement, the company's LinkedIn, and where possible a direct confirmation from one founder. Sectoral tags are consistent, investor names are normalised, and founder names are spelled the way the founders spell them.
How we update this
New rounds get added within 48 hours of public announcement. The data lives in a single JSON-shaped file in our repository, which means every update is version-controlled and visible in the commit log. If you spot a mistake or want to add a round we missed, email faizan@cubitrek.com.
Frequently asked questions
How many Pakistani startups have raised funding in 2025-2026?
We've tracked 28 disclosed rounds since January 2024, totaling roughly $447 million in capital. Fintech leads by capital deployed, followed by e-commerce and logistics. The actual number of funded startups is higher because not every round is publicly announced, particularly bridge rounds and pre-seed cheques.
Which sector raises the most money in Pakistan?
Fintech consistently leads, accounting for roughly 40% of disclosed capital. The sector covers buy-now-pay-later, embedded finance, earned-wage access, business banking, and sharia-compliant investment products. E-commerce and logistics together account for another 30%. AI is the fastest-growing category in 2026.
Who are the most active investors in Pakistan?
By deal count, the most active funds in Pakistan are Sarmayacar, Indus Valley Capital, i2i Ventures, and Sturgeon Capital. International funds with multiple Pakistan deals include Y Combinator, Tiger Global, Kleiner Perkins, and Zayn Capital. The Most Active table on this page is ranked by deal count across all years we track.
Why are some round amounts approximate?
Many announcements include a range or use phrases like 'up to' or 'just under'. Some founders later disclose the actual closed amount; others don't. We use the announced figure unless we have direct confirmation of a different number. If we revise a figure, we note it.
What's a typical Pakistan seed round size?
In 2025-2026, Pakistan seed rounds typically land between $1.5M and $4M. Bigger seeds ($5M+) usually involve a US lead investor or a founder with a previous exit. Pre-seed rounds tend to be $300K to $800K and are largely uncovered in public databases.
How do I submit a missing round?
Email faizan@cubitrek.com with the company name, round size, lead investor, full investor list, founder names, and a link to the official announcement. We verify against the announcement, the company's LinkedIn, and a confirmation from one founder before adding it.
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