2019 Year in Review – MENA Startup Ecosystem stood at $704 Mn VC funding
The MENA startup ecosystem attracted a total venture capital of $704 million across 564 startups where UAE, Egypt and KSA topped the list.
Venture Capital
Bahrain’s Al Waha fund of funds invests in California’s Lumia Capital
Bahrain-based Al Waha fund of funds last week invested a substantial sum in the San Francisco based venture capital firm Lumia Capital for its Lumia Capital Fund II
Falcon Edge scoops $300 Mn from Abu Dhabi & UAE for its India-focused VC fund
US-based global alternative asset manager Falcon Edge on Tuesday raised a $300 million for its India-focused fund called Alpha Wave Incubation (AWI)
Blume Ventures – India’s VC raises $102 Mn in Fund III to back early-stage startups
Indian early-stage focussed venture capital firm Blume Ventures closes its Blume Ventures Fund III at $102 million to invest in early-stage startups.
Bahrain’s Al Salam Bank with China’s MSA Capital launches $50 Mn regional venture fund
Bahrain's Al Salam Bank has partnered with China-based MSA Capital to launch a new $50 million venture capital fund known as 'Al Salam-MSA Bahrain Fund I'...