Access Bridge Ventures (ABV), a newly launched regionally-focused early-stage venture capital fund, has made a first close. The fund, which will target a final commitment of over $25 million, garnered commitments from regional institutional investors, including Mubadala Capital, the financial investment arm of Mubadala Investment Company; Saudi Venture Capital Company (SVC); Jada; and several family offices.

The International Monetary Fund estimates that micro, small and medium enterpr...