Jada Fund of Funds Invests in Iliad Partners Tech Ventures
This will help make investments in early-stage technology companies across the MENA region, with a specific focus on Saudi Arabia.
Jada Fund of Funds Company announces an investment in Iliad Partners venture capital initiative, Iliad Partners Tech Ventures Fund I.
This fund will help make strategic investments in early-stage technology companies across the MENA region, with a specific focus on Saudi Arabia.
The Fund, launched by Iliad Partners, a venture capital firm, has a target fund size of $50 million backed by Jada.
The Fund of funds is led by partners Christos Mastoras, Georges Boueiz, and Dalal Al-Mutlaq, and will focus on digitizing key sectors such as finTech, logistics,proptech, and Edtech through localized solutions.
Jada Fund of Funds, a subsidiary of Saudi Arabia's Public Investment Fund (PIF), has invested in Iliad Partners Tech Ventures Fund I, a UAE-based B2B venture capital fund.
It focuses on financing tech companies across the Middle East and North Africa region (MENA), with a focus on those based in Saudi Arabia.