Palm Ventures Launches $30 Million Investment Fund

• Palm Ventures closed its first $30 million investment fund focused on early-stage startups in the MENA region, with part of the fund targeting AI startups in the U.S.
• The fund will prioritize investments in AI, Fintech, and Business Solutions, aiming to support innovative tech-driven businesses.
• Since 2014, Palm Ventures has supported over 40 startups and invested in 20 startups since 2020, spanning the MENA region and the U.S.

Palm Ventures, a leading investor in startups across the Middle East and North Africa (MENA), has announced the successful closing of its first $30 million investment fund, marking a significant step toward accelerating innovation and supporting early-stage ventures in the region. The fund will also allocate part of its capital to artificial intelligence (AI) startups based in the United States.

Strategic Focus of the Fund

Palm Ventures’ newly launched fund will focus on early-stage investments in key sectors driving digital transformation, including:

• Artificial Intelligence (AI)
• Fintech
• Business Solutions

The company aims to empower entrepreneurs in the region by providing financial backing and strategic support, enabling startups to scale their operations and drive technological innovation that contributes to the digital economy’s growth.

Palm Ventures’ Track Record

Founded in 2014, Palm Ventures has established itself as a key player in the regional startup ecosystem. Over the past decade, the firm has:

• Backed more than 40 startups across various sectors.
• Partnered with government bodies to implement innovative solutions.
• Invested in 20 startups between 2020 and 2024, covering both MENA and U.S.-based AI startups.

Fueling Growth and Innovation

Palm Ventures emphasized that the fund aligns with the MENA region’s broader vision for digital transformation, particularly as governments increasingly prioritize entrepreneurship, innovation, and technology-driven economies.

With MENA’s startup ecosystem witnessing rapid expansion, Palm Ventures believes this fund will help address funding gaps for early-stage companies, while fostering partnerships between regional startups and global players—especially in AI and emerging technologies.

Vision for the Future

Through this fund, Palm Ventures is reinforcing its commitment to supporting entrepreneurs and strengthening the startup ecosystem in MENA. The company aims to position itself as a bridge between MENA startups and cutting-edge global technologies, particularly AI innovations from the U.S..

Palm Ventures remains dedicated to driving impact across the region, helping startups unlock their potential, accelerate growth, and advance the future of digital business.