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Nuwa Capital fund targets MENA, East African, Pakistan, Turkey startups

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Logistics Update Africa
Nuwa Capital fund targets MENA, East African, Pakistan, Turkey startups

Nuwa Capital, a new fund has been launched for tech startups in the Middle East North Africa (MENA) region, including Kingdom of Saudi Arabia and UAE, East Africa, Pakistan, and Turkey. The fund was launched at the STEP conference in Dubai by its managing partner Khaled Talhouni.

The Dubai and Riyadh-based fund is targeting $100 million in commitments and would invest in direct-to-consumer (D2C), fintech, Software as a Service (SaaS), mobility, logistics, and enterprise startups, as per Menabytes.

The company is in talks with various startups and expects to close a few investments in the coming weeks.

In a blog post on Medium, Talhouni said the fund will redefine the relationship between founders and capital by providing a “progressive founder-centric approach” to investing in emerging markets.

 

https://www.logupdateafrica.com/nuwa-capital-fund-targets-mena-east-african-pakistan-turkey-startups-global-news

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