Riyadh, March 6, 2024, Takamol Holdings has unveiled its new investment fund, 'Takamol Ventures,' with an impressive capital of $53 million. This pioneering initiative is geared towards fostering the growth of the technology sector in the Middle East and Africa region. The announcement was made during the LEAP 2024 Conference, a globally recognized technological forum held at the Riyadh International Convention and Exhibition Center.
Takamol Ventures Fund aims to support entrepreneurs looking to establish and develop their companies in the Middle East and Africa. The fund will focus on backing technological startups, helping them evolve into leading companies within their respective fields. Importantly, the support provided by Takamol Ventures extends beyond financial aspects, encompassing strategic guidance and comprehensive support for business development.
Takamol Holdings emphasized that the fund will offer a wide array of supportive services. This includes not only financial assistance but also strategic guidance, assistance in business development, and access to a network of experts in the technological sector. The multifaceted support structure aims to empower and accelerate the growth of technology-driven startups, contributing to the overall advancement of the regional technology landscape.
