Sadara Ventures

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Israeli venture capitalist Yadin Kaufmann co-founded Sadara Ventures, a West Bank venture capital fund that invests in Palestinian tech firms. The fund has raised $30 million and has paved the way for other funds and private equity players to operate in the Palestinian tech ecosystem. Kaufmann believes that connecting Palestinian and Israeli entrepreneurs can lead to win-win solutions, but the lack of a political process hinders business relationships. He also highlights the importance of boosting the Palestinian economy for Israels security interest. Kaufmann has also helped launch the Palestine Internship Program, which provides work experience for Palestinian university graduates in multinational companies and start-ups in Israel.

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Sadara Ventures, a niche venture capital fund, is making inroads in the West Bank by financing early-stage Palestinian tech startups. With backing from Cisco, the Google Foundation, the European Investment Fund, and others, Sadara Ventures has raised $30 million for its first fund and plans to invest it over 10 years. The fund is considering raising a second, larger fund in the near future. Sadara Ventures has already financed six companies, including Freightos, an online marketplace for international shipping. The fund aims to overcome the challenges faced by Palestinian entrepreneurs, such as limited access and exposure, by providing funding and support. The ultimate goal is to build a thriving tech ecosystem in the Palestinian territories.

growth-positive

Sadara Ventures, a venture capital firm, has raised $28.7 million for a new fund to invest exclusively in Palestinian technology start-ups. The firm has the backing of prominent institutional investors including Cisco, the European Investment Bank, the George Soros Fund, and Google. Sadara Ventures aims to take stakes in about 15 companies over 10 years. The Palestinian market is seen as holding promise for investment and growth, with a small but significant number of educated entrepreneurs in need of capital and access to international markets. Other investors, such as Rasmala Investment Bank and Siraj Fund Management, have also started funds to invest in the Palestinian territories. The Sadara Fund has the support of the prime minister of the Palestinian Authority, Salam Fayyad, and tech entrepreneurs in Palestinian territories.