Entrepreneurs in the Gulf region are turning to venture capital firms amid a bank funding squeeze made worse by the European sovereign debt crisis.
The pace by which both new and established businesses are obtaining funds through these means is picking up after years of little growth, observers say.
The number of venture capital deals done through structured funds and not direct, seed or angel investments has totalled 43 during the past three years to the end of last month. That compares with just 16 deals conducted during the previous three years, between 2006 and 2008, according to the Zawya Private Equity Monitor.
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