TLDR:
- Beltone Venture Capital and UAE-Based Citadel Holding have launched a $30M fund to support startups in the MENA region.
- The fund will focus on pre-seed and seed funding rounds for innovative tech startups, with investments already made in companies like Bosta, Trella, Qlub, and ariika.
Egypt’s Beltone Venture Capital (BVC) has partnered with CI Venture Capital to establish a $30 million fund aimed at supporting startups across the MENA region. The fund will target pre-seed and seed funding rounds for innovative tech startups while providing ongoing support to high-performing portfolio companies. The partnership aims to expand regional presence and focus on high-margin sectors with foreseen exponential growth potential.
With the fund already active, BVC and CI Venture Capital have begun investing in promising startups like Bosta, Trella, Qlub, and ariika. This diverse investment strategy reflects a commitment to supporting startups in various sectors and geographies within the MENA startup ecosystem.
