New investment platform Nuwa Capital was launched on the 11th of February at STEP 2020 by managing partner Khaled Talhouni. The fund will target emerging markets, primarily covering the Middle East and North Africa (MENA) including KSA and UAE, East Africa, Pakistan, and Turkey.
“The ambition of the team at Nuwa Capital is to rewrite the book on how we think about Venture Capital in emerging markets by supporting companies through an extensive network of accomplished founders and subject matter experts that will drive the scalability of these businesses,” said Talhouni.
Saudi-based conglomerate Al Faisaliah Group is joining Nuwa Capital as a strategic partner and anchor investor. The financial and strategic partnership between Al Faisaliah Group and the Nuwa Capital team brings together an unparalleled network across the GCC and the wider region, providing Nuwa portfolio companies unrivaled access to key markets and expertise.
Recognizing the gap created by the lack of adequate and strategic support, Nuwa Capital has built its model to deliver a founder-led, value creation approach to venture investment. By placing seasoned entrepreneurs and operational partners at the core of the Nuwa Capital platform, the fund offers its network the ability to act as a true extension of the team, dedicated to delivering value to Nuwa Capital portfolio companies.
The fund will target final commitments of up to $100m with a focus on backing entrepreneurs driving transformational change in the Direct To Consumer (DTC), Fintech, Mobility and logistics, and Enterprise segments.