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Middle East Venture Capital

 Dubai investment firm acquired stake for $5 million in agro-fintech Turkish startup

27-1.jpgDubai venture capital firm Wamda Capital and a consortium are investing $5 million in Tarfin, an agriculture fintech startup based in Turkey.

Tarfin, an online supplier of farm input founded in February 2017 with total funding amount of $6.3 million. Tarfin as a fintech startup supplies farmers with equipment, fertilisers and seeds using its cloud based technology and algorithms. The company is funded by 6 investors and Wamda Capital and Elevator Ventures are the most recent ones.

Wamda Capital founded in 2014 and till now has made 67 investments. Wamda Capital invests in technology companies and startups across the world and currently manages a $75 million growth capital fund.

Wamda Capital is listed in the Middle East Investors Directory with the code OS32.

 UAE investors of Crescent Enterprises invested $16 million in US MedTech firms

cres-us.jpgUAE-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.

 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:

 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.

More details follows:

 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:

 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

 MENA Venture Investments acquired stake in Wysada.com

menavi.jpgMENA 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 invested in 3 new firms

mevp.jpgMiddle 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

More from Middle East Venture Capital ...

  Link Online acquires web portal Arabia.com

  Middle East Venture Partners invested in 4 new firms

  HBT Ventures - a new tech investment firm in the Middle East

  Abu Dhabi firm invests $2.5 million in two online gaming firms

  Another startup incubator for the Middle East - now in Bahrain

  Intel Acquires Egypt-based SySDSoft

  Middle East Venture Partners announces 3 new investments

  Bahrain investors and a consortium invested $68 million in US software firm

  ex-DIC manager invests venture capital in three companies

  Baharin investor to invest $50 million in Turkey's Tiryaki Agro

  Sahara International Ventures acquired majority stake in an ISP

  Bahrain venture capital firm invested in a furniture manufacturing firm

  Former director of Abraaj launched an investment firm in Dubai

  Qatar investment firm acquired 40% stake in Intercat

  Iranian investors group to buy Daewoo Electronics for $540 million

  Abu Dhabi investors acquired 75.1% stake in Greek Skaramangas shipyards

  QInvest bought 25% of Indian financial advisory firm for $54 million

  TVM Capital launched $40 million healthcare venture fund in Dubai

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Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

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