Enhance Ventures launches $30mln Builders Fund to invest in Studio’s Ventures

Enhance Ventures launches $30mln Builders Fund to invest in Studio’s Ventures

Riyadh & Dubai - Enhance Ventures (www.enhance.online), the MENAPT region’s leading venture studio, has announced the launch of its $30M Builders Fund, which will invest in the company’s next set of ventures for the future of finance and commerce in the Middle East.

Through the fund, the company plans to create 5,000 high tech jobs, produce 500 business leaders, train 50 capable founders, and be the institutional cofounder to at least 5 major exits in the region in the next 5-10 years. “As a venture studio, we support founders materially in the early stages of venture development, when they need help the most. This dramatically increases the success rate for startups, and makes entrepreneurship an economic engine for our region,” said Mohammad AlHokail, Partner in Enhance Ventures. “As a studio, we plan to expedite ecosystem development and increase activity between this ecosystem, starting with Dubai and Riyadh, and other, more developed ecosystems.”

Launched in 2016, Enhance focuses on building innovative digital businesses for the Middle East, North Africa, Pakistan and Turkey. The company is Saudi-first when it comes to launching and growing businesses, with a sizable team in Riyadh, while it has a special focus on the UAE and the rest of