Sadara, a Palestine-focused investment firm, invests $1m into Souktel, a mobile tech venture, via a fund backed by Google and Cisco.
Investment firm Sadara Ventures has invested $1m into Palestinian-based start-up Souktel, a mobile tech venture.
Internet search engine Google and Computer network server company Cisco Systems were joined last year backing Sadara Ventures’s $28.7m fundraising for its first fund by development fund European Investment Bank and the George Soros Economic Development Fund as well as AOL founder Steve Case.
Souktel has become Sadara Ventures’ second portfolio company with the Series A investment. In September Sadara Ventures backed Palestinian hotel and travel…
