RIYADH: Venture capital firm Shorooq Partners has launched the second edition of its seed stage focused fund, coming in at $150 million.
The Bedaya Fund II will be mostly directed on pre-seed, seed, pre-series A, and series A rounds for fintech, software, and other tech sector startups.
The firm has made over 80 investments in over 50 companies with an equity value of $1.5 billion, and the new fund currently has investors from the wealth funds, corporates, institutions, and family offices.