Israeli fintech Liquidity Capital has teamed up with Dubai-based YAS Investments for the launch of a venture debt fund focused on tech startups.
The US$100 million YAS Liquidity Fund will be domiciled in Abu Dhabi Global Markets.
The investment vehicle is designed to provide “minimal-dilutive growth financing options” to tech companies operating in the region.
“We see fantastic opportunities to invest in cutting-edge businesses throughout the entire Mena region,” said Yagub Yousef Alserkal, founder and chief executive of YAS Investments.
According to Ron Daniel, Liquidity Capital founder and chief executive, venture finance has not always been available for tech startups in the region, despite the current high level of startups. “This means start-ups always had to trade equity to fund growth, which is a very expensive form of capital,” said Daniel.
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