Al Waha Fund of Funds

    Sector
    Financial Services

    Al Waha Fund of Funds is a US $100 million venture capital fund which aims to provide funding access to Bahrain’s start-up industry. The fund is focused on investing in technology, fintech and smart cities with the objective of bringing Bahrain and the MENA region to the forefront of global technological advances, as a hub for venture capital, startups and technology companies. It primarily invests in venture capital funds that in turn invest directly in companies that are at the early stages of funding and/or can provide strategic impact through their expertise and network.

    The fund is managed by Bahrain Development Bank and its subscribers include Mumtalakat and amongst our portfolio, the National Bank of Bahrain and the Batelco Group; Tamkeen (Bahrain’s labour fund) and Osool Asset Management.