Ibtikar Fund, a Palestine-based VC fund, has announced the final closure of its second fund at $25 million, after receiving a $3 million investment from the European Bank for Reconstruction and Development (EBRD).

Why it Matters? Ibtikar is the only VC company in Palestine.

More to Know:

• The initial targeted value of the fund was $15 million.
• The fund aims to invest in 25 Palestinian startups.
• It was previously invested in Vatrin and DataQueue.