The $180m fund invests in technology companies primarily in Oman and the broader Middle East region.

ITHCA Group backs VC fund

Photo courtesy of FreePik

Oman-based IT company ITHCA Group has announced the closing of a strategic investment in Jasoor Fund, a newly created investment vehicle set up by the Abu-Dhabi-based investment and holding company ADQ and the Oman Investment Authority.

The $180m fund invests in startups across different stages in the Middle East and North Africa. ITHCA Group partnered with venture capital firm Lunate to help close the investment.

ITHCA Group invests in IT sectors such as cybersecurity, blockchain and data analytics. The firm has invested in 26 companies including Mubashir, Bon Plus and Behar.

Roshini Bains

Roshini Bains is the junior news reporter for Global Corporate Venturing and Global University Venturing.