Zad Capital announced the launch of N3XTMARKET, an advisory service for MENA investors on purchase of secondary market shares in late stage venture backed firms such as Facebook and Twitter.
Jordan-based Zad Capital is a hybrid venture capital and business incubation platform focused on regional and cross-border Internet, technology, and media opportunities and is founded by Khaldoon Tabaza.
More details follows
Zad Capital, a hybrid venture capital and business incubation platform focused on regional and cross-border Internet, technology, and media opportunities today announced the launch of N3XTMARKET (http://www.n3xtmarket.com), a new service specialized in providing advisory services for qualified investors interested in secondary market opportunities in late stage venture backed firms such as Facebook and Twitter.
Khaldoon Tabaza, Founder & CEO of Zad Capital said N3XTMARKET will allow qualified investors in the region to access this new exciting and high growth segment of alternative investment, and will provide advisory services to facilitate the outsourcing, negotiation, and execution of complex secondary market transactions in a simplified manner.
The secondary market for late stage Internet firms such as Facebook and Twitter has been growing very rapidly in the US and other areas of the world, especially after the successful IPO of companies such as LinkedIn, and the announced IPO plans of other companies such as Zynga and Groupon.
Through a network of partners in the US, N3XTMARKET will offer its clients investment advisory services, as well as consulting and market research services in this sector, and will facilitate the build-up of secondary market portfolios for interested qualified investors in the Middle East region.
“Actively traded secondary market shares such as Facebook and other firms represent, in the view of many research analysts and firms, the next big growth wave in the Internet and technology sectors,” said Khaldoon Tabaza.
Access to these firms have been limited for Middle East investors, and investors are keen to complete these transactions in a reliable and trusted manner, he added. Through its network of partners, N3XTMARKET will ensure proper outsourcing and execution of these opportunities, and will offer its clients access to 3rd party research to help them in their evaluation of these opportunities.
N3XTMARKET is the first business to be announced on the Zad Capital platform. Zad Capital was established in May 2011 by Khaldoon Tabaza.
During his career as both a venture capitalist and an entrepreneur, Khaldoon has co-founded, managed, advised, and personally invested in high-growth, innovative businesses in the technology, Internet, Media, renewable energy, and healthcare businesses across MENA and internationally including companies such as Arabian Communications and Publishing, Arabia Online, Arab Advisors Group, IDEAVELOPERS, iPARK, NetAdvantage, OneCard, National Technology Enterprises Company, Riyada Ventures, Gate2Play, Kindi, and others. He has been selected as a Young Global Leader by the World Economic Forum in 2007, and more recently in 2010 as a member of the Kauffman Fellows Program, a fellowship program of leading venture capitalists from around the world, that is based out of Palo Alto, California.
Based out of Amman, Jordan, Zad Capital plans to develop and establish subsidiaries in Saudi Arabia and the United Arab Emirates at the Dubai International Financial Center, and has a network of affiliates and partners in Kuwait, Egypt, Lebanon, Qatar, United Kingdom, and United States of America.
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