Shorooq expands into Bahrain with support from Al Waha Funds

Shorooq expands into Bahrain with support from Al Waha Funds

UAE-based Shorooq Partners has launched a new office in Bahrain, its fifth location in the MENAP region (Middle East, North Africa, and Pakistan), after building a presence in Saudi Arabia, Egypt, and Pakistan. The opening of the new office follows Shorooq’s acquisition of Bahrain-based investment and advisory firm, Autarky Capital, earlier this year in order to provide a suite of products that follow the funding journey of a startup in the MENAP region, and to expand Shorooq’s alternative financing capabilities.

The Shorooq Partners Bahrain headquarters is based within Bahrain Fintech Bay and will allow the VC to interact directly with institutional investors, resident FinTech startups and provide first-hand opportunities for mentorship and investment.

Bahrain’s Al Waha Fund of Funds invested in Shorooq Partners in 2020 as a result of its active support of the next wave of innovative startups – such as Pure Harvest and TruKKer, both of which have operations throughout MENAP, including Bahrain.