Enhance Ventures launches $30m fund to invest in FinTech and commerce in Middle East – The National

Enhance Ventures launches $30m fund to invest in FinTech and commerce in Middle East – The National

Enhance Ventures, a regional venture studio, has launched a $30 million Builders Fund to invest in new initiatives in the areas of finance technology 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 co-founder to at least five major exits in the region” in the next five to 10 years, it said in a statement on Thursday.

“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 start-ups,” said Mohammad Al Hokail, partner at Enhance Ventures.