COTU Ventures Launches USD 54 M Fund For MENA Pre-Seed & Seed Startups

Dubai-based early-stage venture capital firm COTU Ventures is announcing that it has raised USD 54 M for its inaugural fund to support startups in the Middle East from pre-seed to seed stages. COTU Ventures’ limited partners include Lunate, Mubadala, Dubai Future District Fund, Arab Bank, Bupa KSA, and GPs from VCs, including Foundry Group, Tribe Capital, Stride, and several family offices.

With a final close achieved last year, COTU Ventures, which identifies and backs founders from the inception to post-product launch, invests between USD 500 K and USD 2 M while reserving capital for follow-on investments. Over the past two and a half years, COTU Ventures has actively deployed capital into startups across the GCC (Gulf Cooperation Council), focusing primarily on the UAE and Saudi Arabia, Egypt and Pakistan. The firm has already backed over 20 early-stage startups across various sectors.