Spring
Manama-based venture studio that co-builds and invests in startups and runs accelerators and national programmes. It started in 2022 as HP Spring Studios, a fintech studio backed by Al Waha Fund of Funds and Hambro Perks.
Industry: Venture building and ecosystem development | Location: Manama, Bahrain | Founded: 2022
About Spring
Spring is a venture and innovation platform based in Bahrain. According to StartUp Bahrain's report of its October 2025 rebrand, it builds startups, designs accelerators, manages funds and runs national programmes, and it works across the Middle East and North Africa with a focus on Bahrain. It is a strategic partner of StartUp Bahrain, which is powered by Tamkeen, the kingdom's Labour Fund.
Spring began as HP Spring Studios, a fintech venture studio announced in September 2022 by Al Waha Fund of Funds, which is managed by Bahrain Development Bank, and the London investment firm Hambro Perks, since renamed Salica Investments. Gulf News described it as the first fintech venture studio in the region and placed its headquarters in Manama. The stated aims were to co-found and invest directly in fintech startups, to support them with an in-house team covering product, engineering and operations, and to bring in global co-investors once they were ready to scale. The studio also said it would create skilled jobs in Bahrain and train local talent.
In October 2025 Spring merged two units, Spring Venture Services and Spring Studios, into a single platform. Coverage of the change describes five pillars: capital, capability, ecosystem, partnerships and network. Zainab Khamis is named as managing director. The backers listed in that coverage are Salica Investments, Faraday Investments and Al Waha Fund of Funds.
In August 2026 TechScoop reported that Spring had made a pre-seed investment in Soor, a Manama insurtech founded in 2024 by Mahmood Dhaif and Qasim Albaqali. The amount was not disclosed. Soor's app lets users compare and buy insurance from several providers, and Spring was described as offering hands-on support alongside capital.
Leadership
- Zainab Khamis, Managing Director