العدد الورقى

الارشيف

أخر الأخبار

Beltone Venture Capital signs partnership agreement with UAE-based investment group Citadel International Holdings to manage a USD30 million fund to invest in fast-growing early-stage startups

  • Wednesday 17 April 2024 12:28 - الأربعاء ٠٩ شوّال ١٤٤٥

    • By ; Amir Taha 

     

    Beltone Holding ("Beltone"), one of the fastest-growing financial institutions, announces that its wholly-owned subsidiary, Beltone Venture Capital (“BVC”), signed a partnership agreement with CI Venture Capital, a wholly-owned subsidiary of Citadel International Holdings, a prominent investment management firm headquartered in Abu Dhabi – to manage a USD30 million fund to back fast-growing startups. The Fund has already started deploying in the last couple of months, finalizing transactions with a couple of top startups from different countries and various sectors in the region such as Bosta, Trella, Qlub, and ariika.

     

    “We are proud and excited to partner with Beltone Venture Capital to support the growth of high-potential technology companies. Our investment will contribute to the development of the early-stage innovation ecosystem in the MENA region”, said Fady Dahlan, Managing Partner of CI Venture Capital.

     

    Ali Mokhtar, CEO of Beltone Venture Capital, commented: “The Fund is a continuation of the same strategy Beltone Venture Capital has been executing since its inception in 2023. This is aligned with our fundamental principle of acting as founders’ partners and value investors, supporting startups' scale-up and reaching their full potential. We are aiming to expand our regional presence with focus on high-margin sectors that offer foreseen exponential growth where technology can play a substantial role”.

     

    Mokhtar added: “The Fund will typically invest in pre-seed and seed funding rounds and will continue to support the best-performing portfolio companies in follow-up rounds; in addition to potentially investing in attractive opportunities at different funding stages”.

     

     

    أخبار ذات صلة

    e& Egypt Enhances Business Agility with Cisco-Powered SD-WAN

    To Strengthen Its Role as a Key Partner in Supporting Business Growth e& Business Signs Five Strategic Partnerships to Provide Comprehensive Solutions for the Business Sector in the Egyptian Market

    Digital Partnerships at the Centre of Discussions at GSMA M360 MENA 2024

    Secure Domains Launches Operations in the Middle East The company is the first GCC based vendor specialized in cloud-based DNS Security solutions

    During its participation in the “Cairo ICT’24” exhibition: E&Misr participates with innovative technologies and solutions to enhance technological transformation and signs a number of partnership agreements

    During its participation in "Cairo ICT'24" Orange Egypt showcases a simulation of the services of the Administrative Capital Data Center and services to support entrepreneurs and startups

    أخبار تهمك

    بمعرض" Cairo ICT ": عبدالغفار: نستهدف إنشاء 27 مركزًا للتنمية البشرية بالمحافظات ويستعرض نموذج المحاكاة لمراكز التنمية البشرية

    مستقبل المهن في مجال الألعاب والرياضات الإلكترونية في منطقة (MENA)

    خلال مشاركتها في "Cairo ICT’24" اورنچ مصر تستعرض محاكاة لخدمات مركز بيانات العاصمة الإدارية وخدمات دعم رواد الأعمال والشركات الناشئة

    وزير الصناعة والنقل : إطلاق سيارة إكسيد المنتجة في مصر ويتفقد خطوط الإنتاج بالمصنع

    أجندة مؤتمر " IDCI " ..اليوم الثالث

    2.6 مليون دولار استثمارات في "قارة" الناشئة لتكنولوجيا سلاسل الإمداد تمويلية والتوسع بالسعودية

    إختارنا لك

    أبل ترفع أسعار هواتف iPhone 15 Pro Max

    واتساب يطرح تحديث بتجديد تصميم التطبيق

    اللغة الإنجليزية للأطفال والتي ستعطي أفضل النتائج

    رانيا يوسف في وصله رقص تشعل مواقع التواصل

    كيف تتكيف الشبكات مع الظروف الاستثنائية القائمة

    ONPASSIVE Announced as Strategic Partner for the 26th Arab-African Investment and International Cooperation Exhibition and Conference

    أجندة أعمال

    الاكثر قراءة

    الإبداع طريقك للنجاح بالجامعات

    حمّل تطبيق Alamrakamy| عالم رقمي الآن

    تحميل

    متجر بلاى

    تحميل

    متجر أبل