Venture capital is flooding into the Middle East as a host of new funds set up shop, promising new hope for struggling start-ups seeking investment.
At least five new funds are in the process of scouring the Middle East for the next Facebook, Google or Aramex as investors clock on to the growing number of small businesses in dire need of funding.
The five funds - Beco Capital, Y+ Ventures, Smart Start, Envestors and Virtuvest - are looking to invest tens of millions of dollars in start-ups and small businesses in the next few years. Individual investments vary depending on the fund but could be anywhere between US$50,000 (Dh183,640) and $2 million.
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