US VC fund Village Capital looks to invest in UAE tech start-ups
- Date: 03-Sep-2020
- Source: Arabian Business
- Sector:Technology
- Country:UAE
US VC fund Village Capital looks to invest in UAE tech start-ups
Village Capital, the US-based venture capital firm, is looking to fund UAE start-ups through its MetLife Foundation Impact Fund, a senior executive of the organisation has revealed.
The four UAE start-ups - Buyback Bazaar Technology, Datacultr Fintech Limited, Distichain and HubPay - are expected to receive funding in the region of $500,000 to $2 million.
The start-ups are part of the 12 early-stage fintech ventures selected by Village Capital, in collaboration with Metlife Foundation and PayPal, for its latest edition of the start-up accelerator programme in the MENA region.
"Besides being considered for investment from the MetLife fund, the four UAE start-up ventures will also be funded from the $150,000 grant capital as part of our Finance Forward MENA program,“ Alicia Sornson, manager of Programs & Partnerships in MENA at Village Capital, told
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