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New $100m Nuwa Capital fund to target East African startups

Former Wamda Capital managing partner Khaled Talhouni has launched Nuwa Capital, a new fund to invest in tech startups in the Middle East North Africa (MENA) region, as well as in East Africa, Pakistan and Turkey.

The fund was launched on Monday (10 February) at the Step Conference in Dubai by its managing partner, Talhouni.

While Talhouni did not reveal how much the fund had raised, tech publication Menabytes said in an that the fund is targeting a first closing of $100-million.

The publication said Nuwa Capital’s team is already in talks with various startups and expects to close a few investments in the coming weeks.

Read more from source article: https://ventureburn.com/2020/02/new-fund-nuwa-capital-mena-east-african-startups/

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