EuroMena Funds, a manager of venture capital funds, is launching a $100 million fund targeting small to medium enterprises (SMEs) by the end of the year.
"We are being contacted by SMEs that need investment tickets of $3 to $10 million. Our investment ticket in EuroMena III is $20 million, too large for local ones. There is a large need for this kind of funds," Romen Mathieu, Managing Partner of EuroMena Funds, said.
All sectors except real estate will be targeted by the fund.
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