Categories: Halal Business

New Bahrain-based Venture Capital firm to invest USD60 million in MENA startups

Plus Venture Capital, a new venture capital based in Bahrain, is looking to invest in startups in the Arabic speaking MENA region (Middle East and North Africa).

The newly formed venture capital (VC) is looking to invest in 120 startups focusing on tech and tech-enabled business in the post-covid environment in the seed stage and Series A investment.

The VC firm is looking to fund an average size of USD200,000 to USD250,000 for the seed stage in startups that have at least three months of traction with built products, and up to USD2 million funding for Series A.

Plus Venture Capital is expected to close USD60 million funds to be raised from regional institutional investors and private offices.

Plus Venture Capital firm is owned by Sharif El-Badawi and Hasan Haider, the former managing partners of 500 Startups’ MENA fund (500 Falcons). They have 35 years of combined experience in startup investments and tech operations and have completed over 200 transactions together in the MENA region.

Your Details are Our AMANAH
Get our weekly newsletter

They aim to invest in the region before the end of the year.

Sources: Reuters and Menabytes .

Recent Posts

What does God want from Muslims?

What does God want from us Muslims? Somebody ask me. I did not have an answer for him at that… Read More

July 26, 2023

7 Guidelines to Be a Successful Muslim CEO

As a Muslim CEO, you are blessed with certain privileges and chosen to lead people. A transformation process that ultimately… Read More

July 18, 2023

Experience the holy month of Ramadan in the Istanbul style

Istanbul, where two continents converge, is also the location of several extremely unique Ramadan customs. Ramadan, known in Turkish culture… Read More

March 22, 2023

6 Arab business success secrets that can help entrepreneurs

The "Arabian Business Secrets of Arabs" have long been a topic of interest, both within the Arab world and beyond.… Read More

February 13, 2023

SAUDIA Becomes First Airline to Offer “Your Ticket Your Visa” Service

Jeddah: Wednesday, February 1, 2023 - SAUDIA, the national flag carrier of SaudiArabia, has announced the launch of "Your Ticket… Read More

February 1, 2023

7 Lessons from the Qatar World Cup —Islamic Message Muslims Can Learn From

Despite Western media bias against the World Cup 2022 held in Qatar, the Qatar 2022 World Cup is praised as… Read More

December 22, 2022