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Ibtikar Fund Announces Final Closure with $25M

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.

 

 

 

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