$60m VC fund hopes to uncover Middle East’s next unicorn start-up

SourceArabian Business
CountryMiddle east

A new $60 million venture capital fund led by an ex-Google executive and Silicon Valley venture capital firm veteran will invest in 120 early-stage start-ups across the Middle East and North Africa with the potential to uncover the region’s next billion-dollar company. Sharif El-Badawi and Hasan Haider, bring more than 35 years of combined investing and operating experience, having completed more than 200 transactions together. Experts say commercial registrations in the region have seen triple-digit increases in recent months Haider told Arabian Business that Plus Venture Capital (+VC) will be investing as much as $200,000 seed funding in tech and tech-enabled start-ups across all sectors, including fintech, healthtech and edutech in addition to logistics, content and ecommerce. The MENA region already boasts high profile exists in recent years of Careem, which was acquired by ...read more...