Key Takeaways
- • BY Venture Partners, a UAE-based VC firm, closed its third fund (Fund III) at $60 million to back early-stage AI-native startups, bringing reported assets under management including co-investment vehicles to more than $200 million.
- • Fund III is anchored by the Dubai Future District Fund, with participation from MultiLane, Transmed Capital, the Idriss Family Office and other institutional and private investors.
- • The fund will invest up to $1 million per company at the pre-seed to Series A stages in startups using AI to reshape enterprise workflows.
- • Deployment is underway with 15 investments made toward a planned portfolio of 40 companies, including PQ Shield, Cosyne, Isometric, Huspy and Invisible.
- • Around two-thirds of BY Venture Partners' capital is deployed outside MENA, primarily in North America and Europe, across more than 16 international markets.
Summary
UAE-based venture capital firm BY Venture Partners has closed its third fund at $60 million to back early-stage AI-native startups, according to the firm's announcement as reported by CairoScene. The firm reports that its assets under management, including co-investment vehicles, now exceed $200 million.
Fund III is anchored by the Dubai Future District Fund, with participation from MultiLane, Transmed Capital, the Idriss Family Office and other institutional and private investors. The fund will primarily invest up to $1 million per company at the pre-seed to Series A stages, focusing on startups that use AI to reshape enterprise workflows.
Deployment is already under way, with 15 investments made toward a planned portfolio of 40 companies. Current investments include PQ Shield, Cosyne, Isometric, Huspy and Invisible. Ghaith Yafi, Founding Partner at BY Venture Partners, said the fund is focused on backing AI-native companies with global ambitions, and that the firm aims to bring international AI companies into the Middle East while connecting them with the region's technology ecosystem.
BY Venture Partners was founded in 2015 by Ghaith Yafi, Abdallah Yafi, Rami Jisr and Sohrab Jahanbani and invests across more than 16 international markets. Roughly two-thirds of its capital is deployed outside MENA, primarily across North America and Europe. Dubai Future District Fund Managing Director Nader Albastaki said the firm's cross-border model was central to the fund's investment, with BY Venture Partners bringing international companies into Dubai and helping regional founders access global markets.
Fund III is anchored by the Dubai Future District Fund, with participation from MultiLane, Transmed Capital, the Idriss Family Office and other institutional and private investors. The fund will primarily invest up to $1 million per company at the pre-seed to Series A stages, focusing on startups that use AI to reshape enterprise workflows.
Deployment is already under way, with 15 investments made toward a planned portfolio of 40 companies. Current investments include PQ Shield, Cosyne, Isometric, Huspy and Invisible. Ghaith Yafi, Founding Partner at BY Venture Partners, said the fund is focused on backing AI-native companies with global ambitions, and that the firm aims to bring international AI companies into the Middle East while connecting them with the region's technology ecosystem.
BY Venture Partners was founded in 2015 by Ghaith Yafi, Abdallah Yafi, Rami Jisr and Sohrab Jahanbani and invests across more than 16 international markets. Roughly two-thirds of its capital is deployed outside MENA, primarily across North America and Europe. Dubai Future District Fund Managing Director Nader Albastaki said the firm's cross-border model was central to the fund's investment, with BY Venture Partners bringing international companies into Dubai and helping regional founders access global markets.
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