silicon valley

Venture Capital Goes from Silicon Valley to the Middle East

by

March 12, 2015

Who are the seasoned VC firms that are seeking early stage deals in the largely untapped Middle East and Northern African technology ecosystem? The answer came this week from a reporter at WAMDA. The list of VCs include Rocket Internet which although European is the biggest early stage investor, Fenox which opened office recently, Lumia Capital (Series B funding for Jordan’s telly.com); San Francisco’s Rise Capital, Belgium’s Hummingbird Ventures and South Africa’s Naspers which invested USD 75 million in souq.com in 2014.

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