AI
Saudi Arabia
UAE
EgyptPalm Ventures Launches $30 Million Investment Fund for Early-Stage Startups
2 min
The $30 million fund will primarily target early-stage startups in the Arab region.
A portion of the fund is dedicated to investments in AI companies in the US.
The firm has invested in 20 startups across MENA and the US since 2020.
Palm Ventures, founded in 2014, aims to be a leading investor in the region.
Over 40 startups have received support, including partnerships with government entities.
Palm Ventures has announced the closing of its first investment fund, valued at $30 million, aimed at supporting early-stage startups in the MENA region while also allocating a portion of funds for AI companies in the United States.
Palm Ventures, a venture capital firm focused on startup investments, has officially closed its first investment fund at $30 million. The fund is set to provide crucial capital for early-stage companies across the Middle East and North Africa (MENA), with additional allocations designated for artificial intelligence startups in the United States.
This move is part of Palm Ventures’ broader strategy to support innovative businesses in high-growth sectors such as AI, fintech, and enterprise solutions. Since 2020, the firm has already backed 20 startups in the MENA region and the U.S., reinforcing its commitment to fostering entrepreneurial ecosystems on a global scale.
Founded in 2014, Palm Ventures has positioned itself as a key player in the venture capital landscape, particularly in the Middle East. Over the years, it has provided funding and strategic guidance to more than 40 startups, some of which have played pivotal roles in government-led innovation initiatives.
With the latest fund now secured, Palm Ventures aims to deepen its involvement in supporting promising founders and high-impact technologies, further bridging investment opportunities between the MENA region and global markets.
