Agility Global HSD announced that its venture capital arm will invest in a new fund aimed at supporting early-stage companies in the Middle East and Africa, managed by Dubai-based Global Ventures.
Agility Global’s venture capital portfolio includes investments in clean energy, digital logistics, e-commerce, healthcare, and agri-tech startups, targeting companies based in or expanding to the MEA region.
“We are passionate champions and advocates for businesses led by the region’s new generation of entrepreneurs and innovators,” said Agility Global Chairman Tarek Sultan. “The Middle East and Africa are brimming with innovation and entrepreneurial energy. Through our venture capital arm, Agility Ventures, and our investment in Global Ventures’ new MEA fund, we are encouraging the region’s startups and entrepreneurs to commercialize and scale great ideas and innovations.”
The company manages three funds focused on innovation in the MEA region. Its first fund, launched in 2018, focuses on fintech, while the second fund, established in 2022, targets health tech and digital health innovation. Agility Global will invest in the third fund, established earlier this year, which targets startups in supply chain technology, energy technology, and agri-tech.
“Anticipating a shift towards resource efficiency in sectors such as supply chain, our new fund, Fund III, is strategically aligned with industries poised for technological transformation in emerging markets over the next decade,” said Noor Sweid, Founder and Managing Partner at Global Ventures.”
“We are thrilled to have a true partner in Agility Global as we continue to back mission-driven founders addressing critical challenges across the Middle East and Africa.”
