Riyadh-based Nuwa Capital launches new $100 mln fund
Published 16 Feb,2021 via Arab News - Economy RIYADH - Nuwa Capital, a venture capital firm with offices in Riyadh and Dubai, has closed 75 percent of its new $100 million flagship fund, with the majority of investors coming from Saudi Arabia.
The Nuwa Ventures Fund I (NVFI) plans to invest significant amounts in leading technology startups from across rapidly growing markets in the Middle East and North Africa, as well as neighboring countries such as Turkey and Pakistan, and the Sub-Saharan Africa region.
Khaled Talhouni, managing partner of Nuwa Capital, told Arab News that a large chunk of the funding would be coming from Saudi family businesses and groups.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
Arab News