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Middle East & Africa Private Equity Funds Tracker: November 2020

Egypt-based Cairo Angels, an investment bank has launched a micro VC fund at a target of USD 1.2m-USD 3m.
Strategy: Invest in seed and pre-Series A rounds of early-stage startups in the Middle East and Africa region with a focus on Egypt and Saudi Arabia.

Tel Aviv-based venture capital firm 10D has raised USD 110m, reported Reuters. Yahal Zilka, partner of the firm has worked previously with Waze, Argus and Onavo. Rotem Eldar, one of the founders, served as partner at Israeli VC firm Gemini Israel Ventures. Itay Rand, another partner, served as investor at London-based 83North and Tel Aviv-based Founders Group.
Strategy: Invest in early-stage startups in technology.

Israeli-based venture capital firm Red Dot Capital held a closing at USD 200m.
Strategy: Invest in technology companies in Southeast Asia and Japan.
LPs: Temasek Holdings, along with investors from the US and Japan
Previous fund: Raised USD 150m and invested in Israeli startups with financing rounds of USD 10m-USD 15m engaged in ecommerce and cybersecurity.

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