New VC debt fund to offer alternative financing for MENA start-ups
Abu Dhabi-based Shorooq Partners’ Nahda Fund I will focus on start-up opportunities in the agri-tech, e-commerce, logistics and fintech sectors.
DUBAI: A recently established venture capital (VC) debt fund focused on offering alternative forms of debt financing to early and mid-stage start-ups in the Middle East and North Africa (MENA) region has rolled out.
Abu Dhabi-based Shorooq Partners, whose investment portfolio include regional start-ups like Pure Harvest, Sarwa, Lean, TruKKer, Capiter and Retailo, launched its Nahda Fund I at the end of October.
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