Amplify Growth Partnership has announced the launch of a $100 million debt fund with a partnership between Ajeej Capital and Nuwa Capital.
Why it Matters: More investment firms and startups have recently shown interest in debt and VC debt.
More to Know:
- Ajeej Capital will be the investment manager, while Nuwa Capital will take the advisory role.
- The fund targets growth-stage startups, particularly between Series A and Series C stages.
- Up to 20% of the capital will be available for businesses outside of MENA aiming to enter the region.
- The fund has already funded a fintech startup in Saudi Arabia.
- Sharaf Sharaf will occupy the fund manager role.
Related Comments:
- “The Amplify Growth Fund is poised to meet the region’s growing demand for debt capital in the
venture and SME sectors, which are areas that have been historically underserved. Amplify unites
two pioneering investment firms, Ajeej Capital and Nuwa Capital, who together with the Amplify
team, seek to build an enduring franchise that empowers companies to access the growth capital
they need to realize their ambitions.” Sharaf commented. - “We provide innovative debt solutions to meet the evolving needs of owners, founders, and
entrepreneurs. With a strong pipeline of deals and an upcoming announcement of a second deal,
we are on track to make a lasting impact on the market.” he added.