Saudi-based, Beta Lab, has announced the launching of a $300 million fund during the participation in FII8 in Riyadh.

Why it Matters? The fund targets deep-tech startups.

More to Know:

• Beta Lab was founded in 2022 and focuses on venture building and deep tech.
• The fund is backed by Saudi Investment Ministry and Research, Development and Innovation Authority, MDI Ventures, Telkom Indonesia, and Hong Kong’s Tech Incubation & Acceleration in HK Science Park.
• The fund targets startups in the MENA region and Southeast Asia.