Dubai - Sharikat Mubasher: Agility Global, a multi-business operator and long-term investor, announced its plans to invest in the third fund of Global Ventures through its corporate venture capital (VC) arm.
The fund, established earlier this year, targets providing capital to early-stage companies in the Middle East and Africa (MEA) region in the areas of supply chain technology, energy technology, and agri-tech, a recent statement revealed.
Through its VC arm, Agility Global has built a portfolio of investments that includes stakes in clean energy, digital logistics, e-commerce, and healthcare startups.
Tarek Sultan, Chairman of Agility Global, said: “Through our venture capital arm, Agility Ventures, and our investment in Global Ventures’ new MEA fund, we are encouraging the region’s startups and entrepreneurs to commercialize and scale great ideas and innovations.”
Meanwhile, Noor Sweid, Founder and Managing Partner at Global Ventures, commented: “With our focus on supply chain technology, we are incredibly grateful for the support of Agility Global, a long-standing leader in the supply chain sector regionally and globally.”
Sweid Noted that the new fund is strategically aligned with industries poised for technological transformation in emerging markets over the next decade.
Global Ventures manages three funds, all of which target innovation companies in the MEA region; the first focuses on fintech companies while the second focuses on investments in health tech and digital health innovation.
