Bahrain’s Al Waha ‘Fund of Funds’ has raised around $45 million of the $100 million, shared fund manager Areije Al Shakar.
The venture capital fund was launched with the aim to boost the Kingdom’s startup ecosystem, in addition to providing VC funds to support startups in the region. The launch of this fund has created awareness amongst VCs about the opportunities in Bahrain, states Areije.
The $45 million has been allocated across five different funds, shares
“Ultimately, all those funds are working to set up here and to be located here,” she said. “We’ve been working on looking at different funds that we may consider investing in in the future.”
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