Berytech Fund II
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Website
http://berytechfund.org/ -
Address
Berytech Mathaf,
Damascus Street Museum District
Beirut, Lebanon -
Phone
+961 1 612 500 -
Email
info@berytechfund.org
Berytech Fund II
Berytech Fund II is a 51 million US Dollar Beirut-based Venture Capital Fund. The funds were received from major banks in Lebanon under the Circular 331 issued by the Central Bank, an initiative that has played a massive role in the activation of the entrepreneurial ecosystem in Lebanon.
The Fund’s objective is to invest in small and medium-sized Lebanese enterprises with high growth potential, high human added value and that fall in the scope of the knowledge economy.
The Fund targets mainly start-ups in the acceleration phase and that have the ability to scale up seamlessly. Industries and sectors covered are Information & Communication Technology, Digital Content, Industrial & Product Design, Fashion Design and Renewable Energies.
Berytech Fund II at a glance
Number of Investments to Date | 17 |
Investment Type | Lead |
Fund Size | 0 |
Number of Exits | $51m |
Target Sector | Information & Communication Technology, Digital Content, Industrial & Product Design, Fashion Design and Renewable Energies |
Target Geographical Location | Lebanon |
Benefits Provided for the Startups | Connections to foreign markets, mentoring, HR assistance |