Nuwa Capital concludes first close of its flagship fund
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Filed on February 17, 2021
New fund seeks to bring founders and investors closer together after founding partners identified a gap in the region’s investment ecosystem that left many startups wanting for more
Dubai and Riyadh-based Nuwa Capital, a venture capital firm, has announced the first close of its flagship fund Nuwa Ventures Fund I (NVFI), having raised three-quarters of its $100 million target in less than a year since its launch.
The fund primarily targets rapidly growing markets in Mena and neighbouring geographies, including Turkey, Pakistan, and Sub-Saharan Africa.