Nuwa capital raises US$75m first close for its debut fund, a year after launch

MENA – Dubai and Riyadh-based Nuwa Capital has announced the first close of US$75 million for its debut fund (Nuwa Ventures Fund I – NVFI), after a year of its launch, making it one of the largest venture capital (VC) funds in the region. Nuwa will invest in startups in the Middle East, North Africa, Turkey, Pakistan, and Sub-Saharan Africa while is aiming for a final close of US$100 million within this year. The firm was founded in early 2020 by Khaled Talhouni, Sarah Abu Risheh, and Stephanie Nour Prince,…

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