Jada and Eliad Partners collaborate to support technology entrepreneurship projects in the Kingdom
Jada Fund of Funds Company has announced its investment in the venture capital initiative of Iliad Partners, specifically in the Iliad Partners Tech Ventures Fund I.
This fund is designed to strategically invest in early-stage technology companies across the MENA region, with a particular focus on Saudi Arabia.
Jada’s investment serves as a clear demonstration of its commitment to supporting Small and Medium Enterprises (SMEs) in Saudi Arabia.
It underscores the company’s strategic approach to high-potential investments through venture capital and private equity. The fund, launched by Iliad Partners, a leading venture capital firm, has set a target fund size of USD 50 million, with substantial backing from Jada.
Iliad Partners has shown its dedication to fostering innovation and supporting B2B startups.
The fund, led by partners Christos Mastoras, Georges Boueiz, and Dalal Al-Mutlaq, will focus on digitizing key sectors such as FinTech, Logistics, PropTech, and EdTech through localized solutions.
This initiative aligns with the broader goal of propelling technological advancements and entrepreneurial endeavors in the region.
The investment reflects the commitment of both companies to supporting and enhancing innovation and economic development in Saudi Arabia and the broader region.
