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.
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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.