Azimut, GELLIFY launch joint $50 million VC fund to support B2B Mena startups
- Date: 19-Oct-2021
- Source: Wamda
- Sector:Technology
- Country:UAE
Azimut, GELLIFY launch joint $50 million VC fund to support B2B Mena startups
Press release
Azimut (ME) Limited ADGM, part of Azimut, a leading asset management group, in partnership with GELLIFY Middle East, an innovation platform, is launching a Mena-focused VC Fund aiming at raising $50 million capital.
The new VC Fund will focus on B2B startups in the Middle East and North Africa (MENA) region. It will target a range of startups—from seed-stage startups, market phase startups to those ready to scale up. These startups will have the potential to create disruptive innovation in the areas of Smart City, healthcare, digital commerce, fintech, Industry 4.0 and tourism with the use of the most advanced technologies like AI, IoT, blockchain and cyber security.
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