image description
image description
Tell A Friend

Archives


  • 01-03-23

    Saudi venture capital company Emkan Capital raises USD31m in tech investments

    (MENAFN) Saudi-based venture capital company Emkan Capital has started a fund worth at USD31 million for early-phase tech startups via the areas.

    The fund, labeled Emkan Capital Fund I, raised its investment from institutions and businesses across the globe with a third of the capital was raised from associates located in Silicon Valley.

    The capital is going to be directed at pre-seed as well as seed startups in technology industries such as fintech, e-commerce, logistics, artificial intelligence, cyber, cloud, as well as health tech.

    “We are excited to launch such an important fund, which will help bridge the knowledge and funding gap that is stifling many founders’ ambitions and limiting growth opportunities,” as stated by Ghassan Aloshban, general partner at Emkan Capital.

    Emkan Capital’s team involves of seasoned financiers and businesspersons together bringing almost half a decade of knowledge in positively financing in businesses through Saudi Arabia, the UAE, the US, as well as Asia.

    The firm’s present portfolio involves InvestSky, NovoGenomics, FENIX, Trukkin, Moji, Awaed, as well as Hubpay.

    MENAFN01032023000045014228ID1105680887

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved