Enhance Ventures Launches $30M Builders Fund

Enhance Ventures Launches $30M Builders Fund

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.”