Saudi Arabia Khwarizmi Ventures closes $70 million fund to invest in MENAP startups Saudi Arabia-based Khwarizmi Ventures has completed the second closing of its current fund with a value of $70 million to fuel... News • 03 February, 2022 Khwarizmi Ventures MENAP
Saudi Arabia Saudi Aramco launches $1 billion Prosperity7 Ventures fund Saudi Arabia’s Aramco has launched Prosperity7 Ventures, a $1 billion global VC fund, with a long-term view to supporting the... News • 02 February, 2022 Aramco Prosperity7 Ventures VC fund
U.A.E $150 million VC fund to boost India-UAE startup ecosystem HCL Founder and Chairman of Startup Committee FICCI, Dr Ajai Chowdhry has launched an India-UAE VC Fund of $150 million with the aim to... News • 26 January, 2022 HCL FICCI India
U.A.E UAE’s Chimera Capital closes second fund Alpha Wave Ventures II at $10 billion UAE-based investment firm Chimera Capital has closed its second VC fund Alpha Wave Ventures II at $10 billion, co-managed with... News • 25 January, 2022 Chimera Capital Alpha Wave Ventures II
U.A.E Mindshift Capital doubles fund size UAE and US-based venture capital firm Mindshift Capital has doubled its fund size attracting new US and Middle East investors to its... Nesma Abdel Azim • 16 December, 2021 Mindshift Capital
U.A.E MEVP makes partial exit from UK’s Fresha UAE-based VC MEVP has made a partial exit from its investment in the UK-headquartered beauty app Fresha, with a secondary sale in the... News • 14 December, 2021 MEVP Fresha
U.A.E Chimera Capital closes first VC fund at $75 million UAE-based Chimera Capital Ltd has closed its first venture capital fund at $75 million, backed by Mubadala Investment Company alongside... News • 13 December, 2021 Chimera Capital fund
Oman Oman’s Phaze Ventures participates in Voyager Portal’s Series A round Oman-based VC Phaze Ventures has participated in the $8.4 million Series A round of US-based shipping supply chain software platform... News • 05 December, 2021 Voyager Portal Phaze Ventures
Regional VentureSouq launches $50 million fund GCC-based VC firm VentureSouq has launched the $50 million Mena FinTech Fund I, aiming to invest in early-stage fintech and SaaS... News • 21 November, 2021 VentureSouq Fintech
U.A.E SDF to pour $150 million into local, international VC investments The UAE’s Strategic Development Fund (SDF), the investment arm of Tawazun Holding, has allocated $150 million (DH551.2 million) to... News • 16 November, 2021 Strategic Development Fund SDF Tawazun
Saudi Arabia BLOMINVEST partners with Flat6Labs to fund Saudi startups Saudi Arabia-based asset manager BLOMINVEST has partnered with Egypt’s Flat6Labs to launch a fund targeting early-stage startups... News • 17 November, 2021 BLOMINVEST Flat6Labs
U.A.E Dubai launches Dh1 billion Future District Fund Dubai has launched a Dh1 billion ($272 million) Dubai Future District Fund to support Seed to growth-stage tech startups and encourage... News • 16 November, 2021 Dubai Future District Fund
Oman Oman’s Phaze Ventures launches $30 million fund to support early-stage startups Oman-based VC firm Phaze Ventures has launched its $30 million venture capital fund, targeting early-stage startups in Mena, Europe... News • 15 November, 2021 Oman Oman Technology Fund Phaze Ventures
Saudi Arabia Raed Ventures announces Wael Nafee as new partner Saudi Arabia-based VC firm Raed Ventures has named Wael Nafee as a new partner in its fund. Wael joins Raed after having served Careem... News • 08 November, 2021 Raed Ventures Wael Nafee
Egypt A15 invests in Egypt-based fintech Sympl Egypt-based VC firm A15 has invested in fintech startup Sympl. The amount invested was not disclosed. Founded in October... News • 04 November, 2021 Sympl A15 Fintech
Iraq Iraq Venture Partners, new venture fund launches to support Iraqi startups Several Iraqi investors have come together to launch a new VC, Iraq Venture Partners (IVP). Established by Omar Al-Handal,... News • 01 November, 2021 Iraq Venture Partners IVP VC
Regional Organon, Flat6Labs launch accelerator to support female-focused healthtech in Mena Flat6Labs has partnered with Organon to launch the Femtech Accelerator Programme to help healthtech startups focused on women’s... News • 28 October, 2021 Organon Flat6Labs
U.A.E Shorooq Partners launches The Nahda Fund 1 to support Mena startups Abu Dhabi-based VC Shorooq Partners has launched The Nahda Fund 1, a venture-debt fund, in partnership with South Korea’s IMM... News • 26 October, 2021 Shorooq Partners IMM Investment Global The Nahda Fund 1
U.A.E Chimera Capital’s closes $50 million second fund Abu Dhabi-based Chimera Capital, a subsidiary of private investment firm Chimera Investment, has announced the close of its second fund... News • 25 October, 2021 uae Chimera venture capital fund
Lebanon BY Venture Partners closes $50 million BY Fund II Abu Dhabi and Beirut-based VC BY Venture Partners has closed its second fund, BY Fund II, valued at $50 million to be invested in... News • 18 October, 2021 BY Venture Partners BY Fund II VC
Egypt Sequence Ventures launches $31 million deeptech fund Venture capital firm Sequence Ventures has launched a new EGP500 million ($31 million) fund dubbed Egypt Deep-Tech. The fund plans to... News • 06 October, 2021 Sequence Ventures deeptech VC
Regional Azimut, GELLIFY launch joint $50 million VC fund to support B2B Mena startups The Italian management group Azimut (ME) Limited ADGM, in partnership with GELLIFY Middle East is launching a VC fund targeting a fund... News • 19 October, 2021 Azimut GELLIFY VC
U.A.E MBRSC launches Space Ventures to support space-focused startups The Mohammed Bin Rashid Space Centre (MBRSC) has announced the launch of Space Ventures, a launchpad for global and regional startups in... News • 18 October, 2021 Space Venture
Saudi Arabia Khwarizmi Ventures announces first close of sector-agnostic fund Saudi Arabia-based venture capital fund, Khwarizmi Ventures, has announced the first closing of its fund at $63 million. The VC,... News • 14 October, 2021 Khwarizmi Ventures