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Hambro Perks, a London-based investment firm, achieved the first close of a new $50 million venture fund focused on technology investments in the Middle East and North Africa.
The Oryx fund will be domiciled in Abu Dhabi Global Market and has received backing from Jada Fund of Funds (owned by Saudi Arabia s Public Investment Fund), the Saudi Venture Capital Company and Riyadh Valley Company, among others.
“There is a wealth of talented entrepreneurs developing innovative businesses and we are excited about partnering with them to help them develop their ideas and scale their companies, Dominic Perks, co-founder and chief executive of Hambro Perks, said in a statement.
Oryx Fund launches with first close of its fund to invest in Mena early-stage startups
UK-based international investment firm Hambro Perks has announced the launch and initial close of its Abu Dhabi-based $50 million VC fund, Oryx Fund, targeting early-stage startups in the Middle East and North Africa (Mena) region.
The fund has attracted commitments from a number of regional and international investors, including Jada Fund of Funds, Saudi Venture Capital Company (SVC), and Riyadh Valley Company alongside prominent regional family offices. The company said in its release that it looks to invest primarily in startups in fintech, healthtech, and edtech.
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