Enhance Ventures Launches US$30 Million Builders Fund To Focus On Enterprises In The Fintech And Commerce Space

Enhance Ventures Launches US$30 Million Builders Fund To Focus On Enterprises In The Fintech And Commerce Space

Enhance Ventures, a venture studio focusing on the Middle East, North Africa, Pakistan, Turkey (MENAPT) region, has launched its US$30 million Builders Fund, which will invest exclusively in the studio's upcoming ventures focused in the fintech and commerce space.

Founded in 2016, Enhance Ventures is led by Alper Celen, Ritesh Tilani and Mohammad AlHokail and focuses on building and investing in digital businesses in the MENAPT region. Based in the UAE, with a sizeable team in Riyadh, it also has a technology center in Istanbul and satellite offices in Cairo, Amman, and Beirut. "We support founders materially in the early stages of venture development, when they need help the most," AlHokail notes. "This dramatically increases the success rate for startups, and makes entrepreneurship an economic engine for our region… We plan to expedite ecosystem development and increase activity between this ecosystem, starting with Dubai and Riyadh, and other, more developed ecosystems."