Nuwa Capital concludes first close of its flagship fund [email protected] 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.