Daily DigestNews

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/

Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button