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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.

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