Start-Ups in Palestine Booming As Venture Capital Makes $30M Tech Investment In West Bank

According to Forward, Sadara Ventures, a West Bank-based investment fund, raised $30 million for its first fund and plans to invest it over 10 years.

Sadara is the first venture capital firm targeting the Palestinian tech sectormaking, financing six companies so far.

Launched in 2011 by Saed Nashef, a Palestinian-American who was a software engineer at Microsoft before setting up his own companies, and Yadin Kaufmann, an Israeli-American

Freightos, an online marketplace for international shipping, is the fund’s main success, having raised on March 29 $25 million from investors.

Other firms in Sadara’s portfolio include Yamsafer, an online travel service focused on Arab-world clients, and SoukTel, which provides digital communications to aid agencies and others working in hostile or hard-to-reach environments.

 

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