Speedinvest Launches Flagship MENA Fund Backed by Mubadala & QIA
Mubadala, QIA and EIB Global back Speedinvest’s new Middle East and Africa fund for growth-stage companies.
Speedinvest, a European venture capital firm, has launched its first flagship fund focused on early growth-stage companies across the Middle East and Africa.
The fund is backed by Mubadala Investment Company, Qatar Investment Authority and European Investment Bank, and formalises Speedinvest’s activity in the region with dedicated capital and local teams.
The vehicle will target startups across sectors including fintech and embedded finance, alongside applications in health, climate, artificial intelligence and consumer services, as well as digital infrastructure.
“We are thrilled to welcome QIA, Mubadala, and EIB as investors supporting our Middle East and Africa strategy,” Oliver Holle, CEO and Managing Partner, says. “We’re committed for the long haul, deploying sector-focused capital to back founders across the region.”
Speedinvest has previously backed companies operating in the region, including Khazna, Flow48 and Pemo.
The fund is positioned as an extension of the firm’s European platform, which includes investments in companies such as Bitpanda and GoStudent.
“As part of the MENA Venture Capital Fund at Mubadala, we are pleased to partner with Speedinvest to support founders building companies that contribute to sustainable economic development,” Ali Eid AlMheiri says.
The launch reflects continued interest from global and regional investors in venture capital opportunities across the Middle East and Africa, with a focus on scaling startups across markets.
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