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Iliad Partners Launches US$50 Million MENA VC Fund

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Iliad Partners, a UAE-based venture capital firm, announced the launch and first close of its US$50 million Iliad Partners Tech Ventures Fund I. The Iliad Fund is set to fuel early-stage business-to-business (B2B) software startups,
Iliad Partners, a New York-based investment firm, has launched a $50 million venture capital fund aimed at investing in technology startups across the Middle East and North Africa (MENA) region. The fund, named Iliad Partners MENA Fund I, will focus on sectors such as fintech, e-commerce, logistics, and health tech, with investments ranging from $500,000 to $2 million. The initiative seeks to capitalize on the region's growing tech ecosystem, driven by increasing internet penetration, a young, tech-savvy population, and supportive government policies. The fund aims to not only provide capital but also strategic guidance to help startups scale and succeed in both local and international markets.

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[ https://www.msn.com/en-us/money/technology/iliad-partners-launches-us-50-million-mena-vc-fund/ar-AA1vArfq ]