Al Waha expands portfolio with Shorooq Partners investment – ZAWYA
- Date: 07-Jul-2020
- Source: Zawya
- Sector:Financial Markets
- Country:Bahrain
Al Waha expands portfolio with Shorooq Partners investment – ZAWYA
Al Waha expands portfolio with Shorooq Partners investment | ZAWYA MENA Edition HomeWealthFundsArticleAl Waha expands portfolio with Shorooq Partners investment The fund of funds provides market access for organisations looking to invest in the region MANAMA: Al Waha Fund of Funds invested an undisclosed amount in the Bedaya Fund I of seed-stage venture capital firm Shorooq Partners, it has emerged.The Bahraini government-led initiative announced its investment indicates renewed confidence in the startup sector during the ongoing Covid-19 pandemic.The UAE-based Shorooq Partners - which has supported 23 firms including on-demand truck aggregator Trukker and hybrid robo-adviser Sarwa - plans to enhance its presence in the kingdom while working to find, support and enable the next wave of regional founders.The Bahraini government-led initiative announced its investment indicates renewed confidence in the startup sector during the ongoing Covid-19 pandemic.MANAMA: Al Waha Fund of Funds invested an undisclosed amount in the Bedaya Fund I of seed-stage venture capital firm Shorooq Partners, it has emerged.The UAE-based Shorooq Partners - which has supported 23 firms including on-demand truck aggregator Trukker and hybrid robo-adviser Sarwa - plans to enhance its presence in the kingdom while working to find, support and enable the next wave of regional