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Ibtikar Fund Secures $25 Million Investment from European Bank for Reconstruction and Development (EBRD) for Second Fund

Nov 05, 2024•over 1 year ago

Contract Type

partnership

DubaiFinancial ServicesFinanceVenture CapitalAngel Investment

Description

Ibtikar Fund has successfully closed its second fund at 25,000,000 USD, with a significant investment of 3,000,000 USD secured from the European Bank for Reconstruction and Development (EBRD). The fund aims to invest in 25-tech startups founded by Palestinian entrepreneurs in the MENA region, supporting their growth beyond local markets to achieve a regional impact.

Company Information

Company

Ibtikar Fund

Location

Dubai, Dubai, United Arab Emirates

About

Ibtikar Fund is a disruptive venture capital firm that invests in innovative companies founded by Palestinian entrepreneurs in the West Bank, Saudi Arabia, the United Arab Emirates, and the wider Middle East and North Africa (MENA) Region.

Predictive Intelligence
Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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