Al Waha Fund of Funds invests 50% of fund as it hits 1st anniversary
Manama, May 2: The $100 million Bahrain-based Al Waha Fund of Funds, launched on April 30th, 2018 with the aim of driving greater venture capital investment across the MENA region, has celebrated its first anniversary by announcing that in just 12 months it has already invested 50% of its $100m fund. Al Waha has invested in five funds from across the region and beyond including UAE-based BECO Capital, famous for being an early investor in Careem, Middle East Venture Partners (Bahrain, Dubai, Beirut and US), 500 Startups (global, with regional presence in Bahrain, Riyadh and Dubai), and European fund manager Finch Capital.
As well as the landmark level of investment, the fund celebrated by announcing that:
- Two of its portfolio funds – MEVP and BECO, have now registered in Bahrain as part of an effort to help support the local eco-system and build venture capital capability
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