Access Bridge Ventures launches with first close of its debut fund to invest in MENAP startups - News Summed Up

Access Bridge Ventures launches with first close of its debut fund to invest in MENAP startups


Share WhatsApp Email 7 SharesAbu Dhabi-based early-stage VC firm Access Bridge Ventures has announced the launch and first close of its $25 million debut fund today. The team behind Access Bridge Ventures includes Issa Aghabi and Rakan AlRashed who bring over 25 years of collective experience in tech investing in the region. Rakan, according to the statement, was part of a Saudi investment firm that focused on SMEs and startups. Access Bridge Ventures’ limited partners (LPs) include Mubadala Capital, Saudi Venture Capital Company, Public Investment Fund’s Jada, and multiple family offices of the region, it said in a statement. Issa Aghabi, the co-founder and Managing Partner of the Access Bridge Ventures has told MENAbytes that their cheque size would range between $250,000 to $500,000.


Source: The North Africa Journal January 10, 2021 12:00 UTC



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