Maza Ventures Launches $30M Fund to Back Early-Stage MENA Tech Startups
A new venture capital fund, Maza Ventures, has officially launched with a target size of $30 million to focus on supporting pre-seed and seed-stage technology startups across the MENA region. Founded by experienced tech and investment professionals, the fund aims to bridge critical early-stage funding gaps and provide hands-on support to founders.
Key Details
Maza Ventures is strategically targeting early-stage startups, specifically those at the pre-seed and seed stages, which often face challenges in securing initial funding. The fund has set a target size of $30 million for its first fund. Typical check sizes for investments are expected to range between $200,000 and $500,000.
The fund is sector-agnostic but highlights key areas of interest relevant to the evolving MENA market, including:
Fintech
Healthtech
Edtech
Supply Chain/Logistics
Future of Work
SaaS
E-commerce Infrastructure
Why This Fund Matters
The launch of Maza Ventures is poised to provide much-needed capital and expertise to the crucial early stages of startup development in MENA. Beyond financial investment, the fund emphasizes a commitment to being an active partner, offering founders strategic guidance, access to valuable networks, and operational support to help them scale effectively. This approach is designed to not just fund companies but to actively contribute to their growth and success within the region's dynamic ecosystem.
About Maza Ventures
Maza Ventures was co-founded by Ma'an Abu-Dale and Ahmad Al-Shagra. The founders bring a wealth of experience from diverse backgrounds, including technology, investment banking, venture capital, and building their own startups. Abu-Dale, for instance, has experience as a co-founder of a fintech company, providing him with firsthand insights into the challenges founders face. Al-Shagra also contributes extensive experience in investment and venture capital. Their combined expertise forms the foundation for Maza Ventures' strategy of providing both capital and operational value to its portfolio companies.
Looking Ahead
The introduction of Maza Ventures into the MENA venture landscape signals continued confidence in the region's potential for innovation and growth, particularly at the foundational startup stages. By focusing on providing significant early-stage capital combined with active support, the fund is set to play a role in nurturing the next generation of successful tech companies emerging from the Middle East and North Africa.
Source: Menabytes