UAE Hope Ventures invests in YAS Holding and RestHero to accelerate growth : TechMoran techmoran.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techmoran.com Daily Mail and Mail on Sunday newspapers.
Nama Ventures launches $27 million fund to invest in Mena startups
The nearly $27 million fund will be raised from high-net-worth-individuals, family offices, and institutional investors and will support pre-seed and seed-stage start-ups in the Middle East and North Africa, with a focus on those in Saudi Arabia
Nama Ventures, a Saudi Arabia-focused venture capital firm, is set to raise SAR100 million ($26.7 million) to beef up its investment fund, as the pandemic has created a spike in tech start-ups in the country.
The fund will be raised from a host of high net worth individuals (HNIs), family offices, and institutional investors.
“The fund, which is already launched, is expected to be closed soon,” Abdullah Alaraj, managing partner of Nama Ventures, told Arabian Business in an exclusive interview.