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COTU Ventures has recently announced the successful closure of a $54 million fund aimed at supporting exceptional founders in the MENA region during the early stages of their startup endeavors. The firm, known for its philosophy as Champions of the Underdog, focuses on investing in startups at the Pre-Seed and Seed stages, where founders often face underestimation.
Amir Farha, the founder and GP of COTU Ventures, expressed his optimism about the regional ecosystem, citing significant progress since 2008. He highlighted the international opening of Saudi Arabia and the concerted efforts by governments to drive technology sector growth. With a burgeoning population of tech-savvy consumers and favorable market dynamics, Farha sees a lucrative opportunity for investments in the region.
The newly raised fund adopts a sector-agnostic approach, with a keen emphasis on identifying and nurturing promising founders from ideation to post-product launch stages. Typical initial investments range between $500K to $1.5M. COTU Ventures has already backed over 20 early-stage companies, including notable ventures like Huspy, Supy, MoneyHash, and Sirdab.
Naif Alzahri, co-founder of Sirdab, acknowledged the pivotal role of COTU Ventures in their journey, highlighting the invaluable expertise and support provided by the team. He emphasized the trust and mutual understanding fostered through collaboration, underscoring the exceptional nature of their relationship.
COTU Ventures distinguishes itself through a unique approach that delves into a founder’s formative years to gauge their potential success. The firm believes that early-stage decisions significantly impact a startup’s trajectory and actively equips founders with resources and perspectives to navigate challenges effectively.
Led by industry pioneer Amir Farha, COTU Ventures boasts a seasoned team dedicated to supporting early-stage entrepreneurs across various aspects of business development. Their impressive track record and commitment to founders have earned them recognition as a champion of the regional ecosystem.
The fund’s limited partners include prominent names such as Lunate, Mubadala, Dubai Future District Fund, Arab Bank, Bupa KSA, along with GPs from renowned VCs and family offices.
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By Proptechbuzz
By Ravi Kumar
