Berytech Fund I

Berytech Technology Fund is a startup fund whose mission was to invest in early growth Lebanese ICT companies with proven commercial viability in exchange for equity ownership.

Our Expertise


Creation date: 2008

Investment focus: Information, Communication, Technology

Startup profile: Early growth startups


Berytech Technology Fund was founded in 2008, part of an ecosystem focused on enterprise development and which started in 2002 with the establishment of Berytech.

In the fulfillment of its mission, Berytech realized the need for providing equity financing to entrepreneurs. This led Maroun Chammas to bring the idea to successful fruition by assembling both a prominent group of investors who shared the vision of Berytech to support entrepreneurship in Lebanon, and a professional team to manage the investment.

Thanks to the Fund’s ties to the support structure of Berytech, it enjoyed access to a pool of business practitioners, academic experts and seasoned entrepreneurs, as well as to an array of business development services encompassing training, coaching, and access to further funding and to a wide network of local and global expertise.


The fund invested $6M in 15 companies with portions ranging from $100,000 to $1,200,000 per transaction. To help its portfolio companies grow, the fund called on its shareholders and a vast array of worldwide contacts to bring in the necessary expertise which could be technical, marketing, networking, management, and corporate governance.


Funds invested


Per transaction


Companies supported


Exits to date

Portfolio Companies


Investment Date

Product – Service 
Edulab2009 MarE-education content
Act. Ident2010 JanHigh tech RFID solutions
Dermandar2010 SepImaging technologies for mobile apps
ElementN2010 NovOperators and cloud computing solution
Bsynchro2011 DecSoftware solutions for insurance companies
Butterfly.2011 NovWaterproof heartrate and medical detection devices
Wext2012 JanMobile messaging solutions
Yalla Play2012 FebOnline gaming
Sign.Al2012 MarMobile applications specialized for journalism
Wixel2012 MayOnline gaming
Cardio Diagnsotics2012 NovRemote and connected heart monitoring devices
Cook&Eat2012 NovCooking centered mobile apps and web platforms
Mistile2012 NovLuxury e-commerce web platform
ProBueno2012 OctVolunteering web platform
PayPlug2012 OctMobile payment solutions

Meet two of our portfolio companies

Cardio Diagnostics

Founder name: Ziad Sankari
Concept: Cardio Diagnostics is a data analytics software attached to a heart-monitoring device that monitors patient heart activities over a period of one month and send live details remotely to a monitoring center. Established in U.S.A. with global R&D offices, the company develops proprietary technologies for wireless monitoring of cardiac patients.


Founder: Elie-Gregoire Khoury
Concept: Dermandar is a Lebanese company specialized in digital image technologies. Their most renowned products are the DMD Panorama which helps the user create and share panoramic images blazingly quick with a fully automated capture system and the photo stitch software that produces panoramic pictures and live 3D, 360 degrees video.

Need more info?

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