Middle East Venture Capital

Prosperity7 Ventures, the venture fund of Saudi Aramco Ventures, has led a $14 million investment in Shenzhen Cispoly Bio-Tec, a Chinese developer of women's health screening tools.

Established in 2020 in Beijing, Cispoly focuses on improving women's health by detecting gynecological tumors early. They have special technology for cervical, ovarian, and endometrial cancers. The company is known for its research, development, and sales of automated testing equipment. (Prosperity7 serves as the diversified growth fund under Aramco Ventures, a subsidiary of Aramco, the Saudi energy and chemicals company. With a $1 billion venture capital fund, Prosperity7 adopts a global investment strategy across all sectors.)

Prosperity7 Ventures is listed in the Middle East Investors Directory with the code BJ96.

Prosperity7 Ventures, the growth fund of Saudi Aramco Ventures, has led a $35 million investment in Insilico Medicine, a Hong Kong-based AI-driven drug discovery company.

Based in Hong Kong with more than 200 employees, Insilico Medicine develops an AI platform for drug development to treat cancer and age-related diseases.Alex Zhavoronkov is its founder and CEO. (Prosperity7 is the diversified growth fund of Aramco Ventures, a subsidiary of Aramco, the Saudi energy and chemicals company, with $1 billion venture capital fund and a global investment strategy in all sectors)

Prosperity7 Ventures is listed in the Middle East Investors Directory with the code BJ96.

Saudi investors of Sanabil Investments and a consortium have invested $52 million in JobGet, a US-based marketplace for employers and job seekers.

Based in Boston, JobGet is a marketplace where employers and job seekers can instantly message each other, schedule meetings, or perform video interviews. More than 50,000 companies have used its services.

Sanabil Investments is a Saudi investment firm specializing in direct and fund of funds investments. They invest
approximately $2 billion in global private investments every year. (more details about this deal is here)

Sanabil Investments is listed in the Middle East Investors Directory with the code XB181.

UAE-based corporate venture arm of Crescent Enterprises Ventures has invested $16 million in two American medtech firms ColubrisMX and XCath.

ColubrisMX is a Houston-based micro-robotic medical device enterprise. XCath is developing steerable robotic microcatheters which will be used in treating cerebral strokes and other endovascular conditions. (Launched in November 2017, Crescent Enterprises Ventures, or CE-V, is the corporate venture arm of Crescent Enterprises. The UAE-based company operates in sectors such as ports and logistics, power and engineering, business aviation and healthcare.) More details here.

Crescent Enterprises is listed in the Middle East Investors Directory with the code SIJ60.

Emerging 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.

More details follows:

Fenox 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:

MENA Venture Investments, an investment firm based in Jordan, announced angel investment in e-commerce platform Wysada.com

Launched in January 2013, Wysada.com is an online retail platform for home interiors and décor in the Middle East.

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

More details follows:

Middle East Venture Partners (MEVP) has announced a couple of new investments in 3 companies .

It is investing $400,000 in the fast food chain Shawarmanji, $250,000 in Arab recipe web portal Shahiya and $500,000 in the online book distribution company Cedar Books. These are co-investments between MEVP’s two funds Middle East Venture Fund MEVF and Building Block Equity Fund BBEF.

Middle East Venture Partners is listed in the Middle East Investors Directory with the code SINJA31.

More details follows from the Daily Star