🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Shorooq Partners eyes Saudi expansion with ‘oversubscribed’ Bedaya Fund II
VCCircle
·
1y ago
Medial
Shorooq Partners, an Abu Dhabi-based venture capital firm, is expanding into Saudi Arabia through its oversubscribed Bedaya Fund II. The firm aims to allocate 30% of the fund to startups in the Kingdom, seizing opportunities in the growing Saudi market. The move aligns with Shorooq Partners' plan to strengthen its commitments in Saudi Arabia and further establish its presence in the region.
View Source
Related News
Shorooq Partners' Albabtain on deploying new fund, growing interest in Saudi Arabia and more
VCCircle
·
1y ago
Medial
Shorooq Partners, a venture capital firm based in UAE, has successfully closed its Bedaya Fund II at $160 million, exceeding its initial target of $150 million. The firm's partner and country manager for Saudi Arabia, Yousef Albabtain, has noted a growing interest in investment opportunities in the country. Shorooq Partners is now focused on deploying the new fund and has seen an increase in potential deals in its pipeline.
View Source
Gulf VC Shorooq Partners marks final close of third fund with oversubscription
VCCircle
·
1y ago
Medial
Abu Dhabi-based venture capital firm Shorooq Partners has successfully closed its third investment fund with oversubscription. The fund received commitments from Saudi Venture Capital and Jada Fund of Funds and focuses on early-stage tech startups.
View Source
Shorooq gets LP cheque from pan-Arab DFI for second venture debt fund
VCCircle
·
2m ago
Medial
Shorooq Partners, an Abu Dhabi-based investment firm, secured backing from the Arab Fund for Economic and Social Development for its second venture debt fund, Nahda Fund II. This fund, aiming to raise $100 million, will support tech startups in the Gulf, focusing on growth-stage firms. It has invested in fintech Abhi and self-storage firm The Box. Shorooq's strategy includes venture capital, venture debt, and aims to expand into private equity and real estate.
View Source
Abu Dhabi's Shorooq onboards new Korean investor as limited partner
VCCircle
·
8m ago
Medial
Abu Dhabi investment firm Shorooq Partners has secured a new South Korean investor as a limited partner for its investment vehicles. Backed by UAE's Mubadala and Korean Venture Investment Corporation, Shorooq Partners aims to strengthen its position in the market with this new partnership.
View Source
Singularity AMC’s SGOF II oversubscribed at Rs 1800 Cr, eyes final close soon
Entrackr
·
4m ago
Medial
Singularity AMC, a growth equity platform for private and PIPEs, has announced that its second PE fund, Singularity Growth Opportunities Fund II (SGOF II), is oversubscribed at Rs 1800 crore. Launched in August 2023 with a Rs 1,500 crore corpus and a Rs 500 crore green shoe option, the fund saw strong investor interest, securing its first close at Rs 500 crore within a month. It focuses on Energy Transition, next-generation industrials, Consumer, Healthcare, and Financial Services. SGOF II has already backed eight companies, including Lohum, a battery recycling startup; HEG, an energy transition platform such as Sterling & Wilson Data Centre, a data center EPC provider, Sabine, an IVF healthcare company, Classic Legends, the maker of JAWA motorcycles, Qucev, a sustainable EV manufacturer and Deal 7, a luxury watch retailer. Over the next two years, the fund aims to invest Rs 75-175 crore in 12-15 companies. Founded in 2016, Singularity AMC is led by Yash Kela and Mithun Sacheti. The firm manages three funds and has invested in Swiggy, Paytm, Jana Small Finance Bank, and Jawa. Its first fund achieved a 30% IRR and is on track to reach 3x MOIC. The fund follows a structured investment approach, with 40% allocated to late-stage companies, 40% to profitable growth-stage firms, and 20% to high-conviction venture-stage opportunities. Its current portfolio is valued at Rs 492 crore, with a Multiple on Invested Capital (MOIC) of 1.2x.
View Source
PE firm Multiples closes $430 Mn continuation fund
Entrackr
·
2m ago
Medial
Private equity firm Multiples Alternate Asset Management has raised $430 million for a continuation fund to extend its investment in three portfolio companies — Vastu Housing Finance, Quantiphi, and APAC Financial Services. The transaction allows investors in Multiples Fund II to monetize their investments while enabling the firm to continue holding on to high-performing assets, according to a press release. The continuation fund, which was oversubscribed, is backed by four global investors — HarbourVest Partners, Hamilton Lane, LGT Capital Partners, and TPG NewQuest. Some existing Fund II investors have also rolled over their commitments into the new vehicle. Vastu Housing Finance is focused on affordable housing credit, Quantiphi provides AI and digital engineering solutions, and APAC Financial Services is an emerging financial platform with a growing nationwide presence. The fund also includes additional capital for follow-on investments in these companies. Renuka Ramnath-led Multiples has backed more than 35 companies and seen exits across IPOs, strategic sales, and secondary transactions.
View Source
Jordan's ISSF raises LP-style bet on early-stage VC fund
VCCircle
·
1y ago
Medial
Jordan's ISSF, the Innovative Startups and Small and Medium Enterprises Fund, has made a limited partner-style follow-on investment in an existing portfolio fund that supports early-stage tech startups in the region. ISSF, which is a $98 million fund, has invested in funds managed by Shorooq Partners, Endeavor Catalyst, Arzan Venture Capital, Access Bridge Ventures, Global Ventures, and other ventures.
View Source
Saudi VC Vision Ventures onboards Jordanian LP for second fund
VCCircle
·
8m ago
Medial
Saudi venture capital firm, Vision Ventures, has secured a limited partner commitment from Jordan's Innovative Startups and Small and Medium Enterprises Fund (ISSF) for its second fund, Saqr Fund II. ISSF, backed by the World Bank and the Central Bank of Jordan, has committed $5m to the $90m target fund to invest in Jordanian startups. Vision Ventures has already started deploying capital from Saqr Fund II, with investments including full-stack inventory management platform for the retail industry, Rewaa. Vision Ventures focuses on sectors such as fintech, SaaS, cybersecurity, and infrastructure technologies.
View Source
SVC, Jada-backed PE firm acquire stake in Saudi edtech company
VCCircle
·
1y ago
Medial
Olive Rock Partners has made its first investment in Saudi Arabia through its debut fund, Olive Rock Partners Equity Fund I. The private equity firm has backed learning and development solutions provider LEORON, supporting its growth and innovation. Olive Rock Partners recently secured a $30 million commitment from Riyadh's state-owned SVC and received backing from Saudi PIF-owned Jada Fund-of-Funds. Its portfolio includes healthcare platforms, dental chains, and the Abu Dhabi-based healthcare company UEMedical. Other investors in Olive Rock Partners include Abu Dhabi Catalyst Partners and various family offices.
View Source
TVM Capital raises $250 mn for Saudi-focused healthcare fund
VCCircle
·
1y ago
Medial
Healthcare private equity firm TVM Capital Healthcare has raised approximately $250 million for its Afiyah Fund, which focuses on investing in Saudi Arabia's healthcare sector. The fund attracted investments from Saudi Arabian, Gulf Cooperation Council, and European investors, with Jada, Saudi Arabia's Public Investment Fund's (PIF) fund of funds company, leading the group. TVM Capital expects to mobilize a total of $400 million to $500 million for investments in Saudi Arabian and international companies with expansion projects in the kingdom. The fund's initial investments include Baraya Extended Care, a post-acute care and rehabilitation clinics chain in Riyadh, and DEBx Medical, an Amsterdam-based wound care company entering the Saudi market.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in