Dubai - Sharikat Mubasher: BY Venture Partners, a global early-stage venture capital firm headquartered in Dubai, closed its $60 million third vehicle, Fund III, to invest primarily up to $1 million in AI-native companies at the Pre-Seed to Series A stages.

Fund III is anchored by the Dubai Future District Fund (DFDF), with participation from established regional institutions, corporate venture arms, and prominent family offices, including Multi Lane, Transmed Capital, and the Idriss Family Office, the company announced in a recent press release.

Targeting AI-native companies that reimagine enterprise workflows and scale globally from day one, Fund III expands BY Venture Partners’ total assets under management (AUM) to over $200 million.

The anchor commitment from DFDF reinforces BY Venture Partners’ role in elevating the Middle East as a global tech hub and bridging regional capital with international deal flow.

Commenting on this milestone, Ghaith Yafi, founding partner at BY Venture Partners, said: "We are thrilled to officially announce Fund III today. The focus of this fund is to back AI-native companies with global ambitions. We are particularly excited about the opportunity to attract some of the world’s most innovative AI companies into the Middle East and connect them with the region’s rapidly growing technology ecosystem. We are executing on a thesis designed to generate strong, long-term returns for our partners.”

With Fund III, BY Venture Partners continues to leverage its global-first, AI-first network to give early-stage founders the operational edge, capital, and global connectivity required to build market-defining technology platforms.