Behzad Golkar
Founding Partner
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- Full Name
- Behzad Golkar
- Title
- Founding Partner
- Firm
- Avand Capital
- Firm Type
- Angel / Venture Capital investor (Tehran-based)
- Investment Stage
- Seed
- Sector Focus
- Information technology, healthcare, and consumer technology
- Geographic Focus
- Iran
- Location
- Tehran, Iran
Background
Behzad Golkar is identified in the stub data as a Founding Partner of Avand Capital, an early-stage investment firm based in Tehran. Public databases confirm that Avand Capital was founded in 2018 as a venture capital firm headquartered in Tehran, Iran, focused on the information technology, healthcare, and consumer technology sectors. The firm's email domain (`avand.capital`) and its Tehran landline (+98 21) are consistent with an Iran-based operation. Beyond these firm-level records, independently published, English-language biographical material specifically tying Golkar to Avand Capital as a founder is thin — a caveat worth noting for any diligence process.
There is a prominent figure in Iranian finance who shares this name: a Behzad Golkar has been publicly profiled as CEO and board member of Sina Financial Institution (SFI) — the banking and investment arm associated with the Mostazafan Foundation (Bonyad Mostazafan) — described in the mid-2010s as one of Iran's largest financial institutions, with assets under management reported near US$7 billion. According to that reporting, he previously held management roles inside the Mostazafan Foundation and its subsidiaries, served as strategic and investment director for the foundation, was CEO and board member of Kaveh Pars Mining Industries (2007–2008), held executive and board positions at companies connected to Saman Bank, led Sina Holding, and sat as a non-executive board member of Irancell (Iran's second-largest mobile operator, 49%-owned by South Africa's MTN Group). Whether this senior finance executive is the same individual now operating as Avand Capital's founding partner is not confirmed by the available sources, and the two identities should be treated as a possible — not established — match.
Given this, the most reliable statement that can be made is: Golkar operates as an early-stage (seed) investor through Avand Capital in Tehran, backing Iranian technology, healthcare, and consumer-tech startups.
Investment Thesis & Focus
- Stage: Seed-round investing, consistent with an angel/early-VC posture.
- Sectors: Information technology, healthcare, and consumer technology — the three focus areas recorded for Avand Capital.
- Geography: Iran (Tehran-centric), investing in the domestic startup ecosystem.
- Approach: Avand Capital's recorded activity (roughly 7 investments) points to a selective, hands-on portfolio rather than a high-volume fund. No publicly documented, self-authored thesis statement from Golkar could be verified.
Notable Investments
- Hamsaa — an Iranian technology/communications-software company.
- Kardone — an Iranian IT services / outsourcing company.
- Mehrsa — an Iranian information-services (B2C) company.
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