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Edunation raises $3m from US-based Rubix amid exponential growth in EdTech sector

Edunation raises $3m from US-based Rubix amid exponential growth in EdTech sector
thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.

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UAE- Nuwa Capital concludes first close of its flagship fund

(MENAFN - Khaleej Times) 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.
Nuwa Capital was founded in February 2020 by Khaled Talhouni, Sarah Abu Risheh, and Stephanie Nour Prince in response to a lack of impactful operational and strategic support from investors. To this effect, the fund has launched the ‘Nuwa Network , a close-knit network of founders and operational experts, to help startups navigate challenges with scaling and expansion, among others. ....

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Saudi Arabia: Nuwa Capital closes 75 percent of its new USD100M flagship fund

( MENAFN )Nuwa Capital ended 75 percent of its new USD100 million flagship fund, with the majority of investors coming from Saudi Arabia.
The Nuwa Ventures Fund I (NVFI) set a target to empower major amounts in leading technology startups from across speedily improving markets in the Middle East and North Africa, in addition to neighboring countries like Turkey and Pakistan, and the Sub-Saharan Africa region.
Arab News quoted Khaled Talhouni, managing partner of Nuwa Capital as saying that a significant amount of the funding would be coming from Saudi family businesses and groups.
He further stated that “I can easily say a plurality of our investors are Saudi … our anchor investor is the Al-Faisaliah Group. A big part of this firm is deeply rooted in Saudi in multiple ways.” ....

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