Wednesday, August 3, 2016

Yafi and Jisr to raise $50 million for ICT VC fund. 70 percent to be invested locally


B&Y Venture Partners (BYVP) will complete the closing of an investment fund this month and expects the capital raised to reach $50 million, said Ghaith Yafi, BYVP's Managing Partner.

The fund, named B&Y Division One, has obtained the Central Bank's final approval and will be launched in September. It will invest in the information and communication technology(ICT) sector locally and abroad.

B&Y Division One is the first fund launched and managed by BYVP, a joint venture created ...

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