Wamda Capital’s new $75mn growth stage fund

Wamda Capital, the brainchild of Fadi Ghandour, has launched what is believed to be the largest growth stage venture fund in the region.

Wamda MENA Ventures I, a $75 million regional investment fund, aims to address an emerging equity funding gap in the region.

According to the Wamda Research Lab’s 2014 report, 68 percent of investments in Lebanon, Jordan and Egypt, which had received $500,000, never received any follow-on funding.

http://www.arabianbusiness.com/wamda-capital-s-new-75mn-growth-stage-fund-597195.html