The former director of venture capital firm Wamda Capital has left the company to launch his own fund.
Khaled Talhouni stated that the fund, Nuwa Capital, will aim to raise $100 million in commitments from potential investors.
The Saudi-based food and beverage company Al Faisaliah is reported to be one of the potential investors, although no amount has been disclosed.
Talhouni said that Nuwa will look to invest in “value-added companies” in the financial services, mobility, software and logistics industries and will focus on the Mena region as well as Pakistan and Turkey.
“The ambition of the Nuwa Capital team is to rethink the way we operate venture capital in emerging markets,” said Talhouni. “There is an incredible opportunity at this time to help build the next generation of innovative companies that will define their respective sectors and with our partners. We are ready to lead this transformation.”
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