By Avinash Saxena
Bahrain’s Al Waha Fund of Funds has invested in BY Venture Partners’ new $50 million fund.
Declining to disclose the size of its outlay in BY Fund II, Al Waha said it has deployed 60 per cent of its $100m corpus in nine venture capitalists (VCs) since inception.
The fund aims to back companies that will help fuel the region’s transformation across industries that have been impacted by the pandemic.
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