North Africa: Global Ventures closes first fund at $50m

Dubai-based venture capital (VC) firm Global Ventures, which invests in the Middle East and North Africa, has closed its first fund at $50 million, according to a MENAbytes report.

Global Ventures is a growth-focused VC firm, targeting enterprise technology investments.

"Our target investments span a wide range of sectors. What they have in common is that they are revenue-generating companies that are leaders in their space, and are immensely scalable," says the company on its website.

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