Singapore firm launches $100m Mena VC fund

Golden Gate Ventures, a Singapore-based asset manager, has launched a US$100 million venture capital (VC) fund aimed at startups in the Mena region.

The Golden Gate Ventures Mena Fund will be domiciled in Qatar and is hoping to raise $100 million.

So far it has raised $20 million from investors including some of the most prominent families in Qatar and their respective holding companies, such as Al Khor Holding, Al Attiya Group and Sheikh Jassim Bin Jabor Al Thani.

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The launch comes on the back of a Golden Gate opening an office in Saudi Arabia in 2023 in order to capitalise on investment opportunities in the region.

The fund will support startups in a number of sectors such as alternative energy, green technology, B2B artificial intelligence and energy-related deep tech.

“Mena Fund I will supercharge the start-up ecosystem, building on the extensive social and financial capital of our investors,” said Michael Lints, partner at Golden Gate Ventures.

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