Middle East / North Africa

The fund started operating after an initial closing in late 2021 and has since made 10 pre-seed and seed investments in companies including Sightful, Breeze, Nilus, CardinalOps, Jiga and Squire.

The fund will make investments of $4m to $8m in early-stage tech start-ups working on developer tools, AI, cybersecurity, fintech and biotech, among other sectors.

Using Michael Sonnenfeldt's TIGER 21 network, the New York-based VC firm is introducing start-ups to additional investors and strategic industry contacts who can support their go-to-market efforts.

Tri Ri Asset Impact Fund has made a commitment of $50 million to TRAM VF.

Vesey Ventures, a new women-led firm focused on early-stage fintech deals, has closed its debut fund at $78 million.

Fifth Wall, a venture capital firm focused on proptech and real estate decarbonization, has named Fethi Kirdar as managing director of capital formation.

Global VC fundraising finally came back to earth in 2022 as firms worldwide closed on funds totaling $165.9bn, down about 8% from their record haul of $179.7bn in 2021.

Pierre Mauriès, a former executive with The Carlyle Group and the Private Equity Technology practice director at PwC, is nearing a first close on a $500m fund for Nemesis Technologies.

10D, an Israeli tech investor, has raised $245m across its second early-stage fund and first opportunity fund.

A new accelerator program from CEMEX Ventures is the latest in a growing number of projects rolled out by corporate venture funds in recent years to provide established industrial players with an inside track on evolving technologies.