CoreVision Acquires VeFund to Empower Startups

Saudi Arabia-based investment firm CoreVision has acquired Mena-focused investment management platform VeFund.^[1]  

Founded in 2023 by Mohamed Gaber and Ahmed Magdy, VeFund is a platform that links startups with investors. It offers tools such as an AI Survivability Index, valuation calculators, and comprehensive portfolio management solutions.

VeFund has already supported organizations like CODE, Monshaat, and the Development Bank of Saudi Arabia in hosting impactful demo days, streamlining startup sourcing and evaluation processes, and enabling these entities to identify and assess promising ventures effectively.

Through this strategic collaboration, CoreVision aims to harness VeFund's AI capabilities to empower startups with tools and resources.