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Middle East Venture Capital


 Venture Capital firm Arab Angel acquired stake in California firm NuEyes

arabangel-california.jpgArab Angel, a fund for HNWIs and family offices in the Middle East, has acquired stake in NuEyes, a California wearable technology firm.

Based in Orange County, NuEyes brings wearable technology to market for the visually impaired. It is founded by two US veterans in partnership with a military contractor who developed glasses for battlefield applications. (With offices in Abu Dhabi, New York, and Washington DC, Arab Angel Fund helps HNWIs and family offices from the GCC and MENA access companies in the US. Their investment committee include Abdulla Al Suwaidi, Mayssoun Habra, Hisham Al Gurg and Saud Al Nowais).

To see listing and email addresses of investors from the Middle East similar to Arab Angel Fund, check the Middle East Investors Directory.

More details follows:

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 Middle East investment firm EIP and consortium acquired UAE firm for $17 million

eip lebanonEmerging Investment Partners (EIP), a Middle Eastern investment firm based in Lebanon and a consortium acquired UAE’s Almasa Meat Processing Company for $17 million.

The consortium also includes Siniora Food Industries, a Jordan-listed company. The seller is Al Ghurair Group. Emerging Investment Partners is an investment management firm established in 2014 by the Obegi group and Generation Alfa, together with Wassim Heneine and Karim Burhani.

Emerging Investment Partners EIP is listed in the Middle East Investors Directory with the code MA1604.

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 Dubai venture capital firm Wamda launched $75 million fund and invested in 3 firms

wamda-capital.jpgAlmost four months after raising $55.7 million from 26 limited partners, today Dubai-based Wamda Capital announced launch of its $75 million venture capital fund and investment in 3 firms.

Founded by Fadi Ghandour, angel investor and founder of Aramex, the venture capital fund will focus on growth stage financing across the world. (The other fund headed by Mr. Ghandour, Mena Venture Investments, had its focus on seed investments). Among the 26 limited partners, you can see institutions like International Finance Corporation, the Abraaj Group, Crescent Enterprises and Zain Group. Wamda Capital announced its first three investments in the following firms: News Group International, Jamalon and New York based Little Bits Electronics.

Mena Venture Investments is listed in the Middle East Investors Directory with the code SINX1.

Read more details on Wamda here.




 UAE family offices and consortium invested $11 million in online logistics firm

zamil-fetchr.jpgMiddle East family offices Al Kadi and Al Zamil, UAE investment firm Dhabi Holding and Dubai investment firm Delta Partners, as part of a consortium invested $11 million in the online logistics firm The Fetchr.

This series A funding is led by US venture capital firm New Enterprise Associates. The Fetchr's app is tailored for package delivery in places and countries where there are unreliable physical addresses. Fetchr delivers 97 percent of packages same day or overnight, and a return process that picks up within 30 minutes.

Al Zamil Family Office is listed in the Middle East Investors Directory with the code BFD34.

More details follows

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 Dubai Venture Capital firm Arzan VC announced its third investment of this year

arzan-db.jpgArzan Venture Capital, a venture capital firm based in Dubai and Kuwait, announced its third investment of this year in Russian real estate portal Idinaidi.ru

The fund has also announced another investment alongside a group of angel investors in MENA Commerce, a Dubai based startup in the retail industry.

Arzan Venture Capital is listed in the Middle East Investors Directory with the code FE156.

More details follows from Wamda

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 Silicon Valley VC firm seeks Middle East investors for $100 million fund

fenoxvc.jpgFenox VC, a Silicon Valley-based venture capital firm is looking to raise a $100 million fund from Middle East investors to invest in early-stage startups - The Wall Street Journal is reporting

The firm has $10 million committed and is on the hunt for more cash from Middle East investors. “I know of no other time that a Silicon Valley VC has used capital from Middle East investors to promote entrepreneurship in the local region,” Brent Traidman, Fenox general partner said. (Its current investment portfolio includes Dream Link Entertainment, which recently listed in Tokyo, and Lark, a wearable technology company)

To see listing and contact emails of investors from the Middle East, check the 2014 edition of Middle East Investors Directory

More details follows:

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 Dubai Angel Investor Fadi Ghandour launched a new VC fund with IFC

fadi-2014.jpgFadi Ghandour, one of the most notable angel investors from Dubai and the Middle East, today announced a new venture capital fund with the International Finance Corporation (IFC) as co-investor.

Fadi, an early investor in Maktoob internet portal that was sold to Yahoo for $164 million, is the chairman of logistics firm Aramex and an active investor from the Middle East. His other investment firms are Wamda Capial and MENA Venture Investments.

(More details about his firm "MENA Venture Investments" can be found in the Middle East Investors Directory under the code SINX1)

More details follows from Wall Street Journal

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 UAE and Saudi venture capital firms invested $1.3 million in GlamBox

stc-mbc-ventures2.jpgSTC Ventures and MBC Ventures, two venture capital firms based in Saudi and UAE, invested $1.3 million in Beauty e-commerce website GlamBox.

GlamBox offers customers a box of trial-size beauty products every month and is launched in 2012. STC Ventures, backed by Saudi Telecom, is managed by European firm Iris Capital and has invested in Careem, ikoo, Gengo and Acadox so far. MBC Ventures is backed by MBC media group and is an investor in Aranim Games, SuperMama and Falafel Games. GlamBox is using the new investment to expand its operations into Saudi Arabia and other markets.

STC Ventures and MBC Ventures are listed in the Middle East Investors Directory with the code SIN1303 and SIN1309 respectively.






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