Phoenician Funds is a Beirut-based venture capital firm focusing on early-stage investments.
PF partners with passionate entrepreneurs in the technology space and brings a team of seasoned advisors, investment professionals, and serial entrepreneurs to co-shape success stories along their side.
The team launched Phoenician Fund I (PFI) in 2016 with a mandate to invest in Lebanese-based startups to stimulate the knowledge economy and create employment opportunities, in line with Banque Du Liban’s circular 331.
Phoenician Funds at a glance
|Number of Investments to Date||5|
|Number of Exits||0|
|Average Ticket Size||$500k|
|Target Sector||Fintech, eGovernment, Healthcare|
|Target Geographical Location||MENA|
|Benefits Provided for the Startups||Connections to foreign markets|