COTU Ventures launches $54 million fund to back early-stage startups

COTU Ventures launches $54 million fund to back early-stage startups

UAE-based early-stage VC firm COTU Ventures launched a $54 million inaugural fund, which aims to support startups in the Middle East from pre-seed to seed stages.

Founded in 2020 by Amir Farha, COTU Ventures is an early-stage VC with a portfolio of Mena startups, including Huspy and MoneyHash.

The fund will back startups from inception to post-production launch with up to $2 million in investment, while reserving capital for follow-on investments.

Source: TechCrunch

Dubai-based early-stage venture capital firm COTU Ventures is announcing that it has raised $54 million for its inaugural fund to support startups in the Middle East from pre-seed to seed stages.

With a final close achieved last year, COTU Ventures, which identifies and backs founders from inception to post-product launch, invests between $500,000 and $2 million while reserving capital for follow-on investments.

Over the past two and a half years, COTU Ventures has actively deployed capital into startups across the GCC (Gulf Cooperation Council), focusing primarily on the UAE, Saudi Arabia, Egypt, and Pakistan. The firm has already backed over 20 early-stage startups across various sectors, as outlined in its statement.

Founder and general partner Amir Farha revealed in an interview with TechCrunch that COTU Ventures is inclined slightly toward fintech and B2B software.