Ibtikar Fund raises $10.5m

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Ibtikar Fund has raised $10.5 million to date for its self-titled fund. The Ramallah-headquartered firm has set an undisclosed target and began fundraising in 2015.

Investors that committed to Ibtikar Fund include the International Finance Corporation and the Dutch Good Growth Fund.

The fund will target venture capital opportunities in a diverse number of sectors in Palestine.