Saudi Arabia-based venture capital firm Raed Ventures is raising a $150-million third fund to invest in early-stage startups in the Middle East and North Africa (MENA) region, according to a senior executive.
“We’ve just launched fundraising for our third fund Raed III, and are seeing strong interest from potential investors,” said Raed VC founding partner Saed Nashef in an interview with DealStreetAsia.