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Shorooq Partners Successfully Closes Bedaya Fund II with Oversubscription

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5 meses ago

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UAE-based venture capital firm Shorooq Partners has achieved a major milestone by successfully closing its Bedaya Fund II. The fund, initially targeting $150 million, exceeded expectations and closed at $160 million, showcasing strong investor interest and confidence in Shorooq’s investment strategies.

Yousef Albabtain, Partner and Country Manager – Saudi Arabia at Shorooq Partners, shared insights on the firm’s accomplishment. Albabtain highlighted the oversubscription of Bedaya Fund II as a significant indicator of the firm’s growth trajectory and the positive market response to their investment approach.

As Shorooq Partners celebrates this successful fund closure, Albabtain mentions a surge in the firm’s deal pipeline. The uptick in deal flow signifies a robust revival in investment opportunities and potential partnerships that Shorooq is poised to explore in the coming months.

Shorooq Partners, known for its strategic investments and portfolio management, will leverage the raised $160 million to fuel innovative startups and high-potential ventures across various sectors. The additional capital infusion will enable Shorooq to support emerging businesses and contribute to the growth of the regional entrepreneurial ecosystem.

Rachel Adams

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