The recently established venture capital fund SEEDRA Ventures Fund II, which is managed by SEEDRA Ventures, has the support of Jada Fund of Funds. This investment fits into Jada’s continuous plan to help early-stage businesses in a variety of industries in Saudi Arabia and the MENA area grow and succeed.
Bandr Alhomaly, Managing Director and CEO of Jada Fund of Funds, said, “Our commitment to SEEDRA Ventures Fund II underscores our focus on enabling early-stage businesses that contributes to the Kingdom’s economic transformation in alignment with Vision 2030.”
“We are grateful for Jada’s trust and commitment to the entrepreneurial ecosystem in the Kingdom,” said Haitham Alforaih, Founding Partner & CEO of SEEDRA Ventures. “Together, we will continue to support entrepreneurs who are shaping the future of the Kingdom, advancing its position as the regional hub for technological advancements through groundbreaking innovations and transformative business models.” He added.
The early-stage, sector-neutral SEEDRA Ventures Fund II seeks to support entrepreneurs, encourage innovation, and create significant economic value across industries—all of which are in line with Jada’s objective of accelerating the expansion of Saudi Arabia’s entrepreneurial ecosystem.
Jada’s goals of increasing access to capital and empowering the next generation of entrepreneurs were furthered in Q2 2024 when SEEDRA Ventures’ Fund II, an emerging fund manager, held its first closing.
