Palestinian Fund Ibtikar announced it has raised an additional $2.5 million from investors for its early stage venture capital fund. The capital infusion increases the fund’s total size to $10.4 million, which it will invest over the next three years. This is IFC’s first investment in a Palestinian venture capital firm. One of its portfolio companies is Ramallah-based real estate technology startup Mashvisor, which was featured in Forbes Middle East’s March issue. Ibtikar backs Palestinian entrepreneurs both in and outside of Palestine, but it expects the majority of its portfolio companies to have operations in Palestine.

Source: Forbes July 05, 2017 04:30 UTC