Genia Xasis, PhD’s Post

View profile for Genia Xasis, PhD

#socialventures #health #wealth

Once a year, I schedule a call with all GPs across the Middle East region to check in on their investment focus, understand any changes in their vision, and better grasp their investment strategy for the upcoming year. I take notes to track where they are _actually_ investing. Most sovereign funds pitch that: 1️⃣ They invest in Series A companies. 2️⃣ Local companies with a local LLC and client base. Do you think this always aligns with their expectations and plans ❓ Not really 😕 Let's review the data I found in the crunchbase for the four main VCs in the region. Global Ventures, one of the active funds in GCC invested in 1️⃣ 1️⃣ in 2023. Two of them were in the Fintech industry, 3D printing ( which I think is because it aligns with Vision2030 Abu Dhabi), cybersecurity, and five companies in Healthcare and SAAS. The geography of the companies was UAE, Saudi, and Egypt together with Nigeria (UAE is looking into African tech) and the USA (which is run by Russian founders). By the way, there is a myth that is supported by the Russian community, that UAE-based funds do not support Russian-backed companies. They do. Hub71, our main accelerator backs Russian founders every year and 2023 is not an exception. Middle East Venture Partners (MEVP), one of the biggest sovereign funds and very successful invested in 6️⃣ deals in 2023: two in healthcare, fintech, real estate tech platform, e-comm, and one deal which made them a fund of the fund (it will bring them returns and portfolio as a next step). Geo: France, China, and local companies from Egypt, Saudi, and UAE. Wamda Capital is maybe one of my favourite funds here and the most mysterious to me invested in 5️⃣ companies that are disrupting the digital health, talenttech, web3, hrtech with Slavic roots, and software/CRM industries from obviously UAE and Saudi together with Turkey and Nederlands. VentureSouq which I never had a chance to work with invested in 4️⃣ companies in Fintech, b2b SAAS, Web3, and HRtech companies two of them from the USA and two from Saudi. In a nutshell: ✔ GPs still need to keep their LPs happy and that is why they make exceptions and invest 70% of the capital in assets that are aligned with their investment focus, the rest 30% are diverse companies that bring them returns. I assume that these 30% come from trusted partners and a network of global tech entrepreneurs.

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Jaymanyoo Singh Chouhan

Fullstack Website & AI developer | ReactJS | React Native | Node JS | Next JS I Salesforce | Worked on 60+ Web-apps & 10+ Mobile apps | Building SAAS Products & MVP for Startups

8mo

Great insights, Genia Xasis, PhD! How do you see these trends evolving in the next year?

Roger Yomba N.

MBA-BI I Entrepreneur I Investor I Kauffman Fellow Techstars | Founder Institute Mentor

8mo

30% diversification also help with industry risk mitigation.

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Omar Farooqui

Global Capital Relations | Lobbyist | The Family Guy

8mo

Is buying a property also venturing 🤪😉

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Abdullah Meer

AI & Blockchain • Strategy & Operations • Scaling 🚀

8mo

Ahmd Cherkaoui Wamda invested in CRM. Check it out.

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Seth Abal

Cofounder and CEO at Kem

8mo

💫

Vlada Mirnaia

Business Coaching | Bizdev | PR | Fintech in MENA

8mo

Interesting Insights!

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