About Us
The $100m Al Waha Fund of Funds was established in 2018 to address the nascent Venture Capital community in the MENA region. The government-led initiative seeks to invest in Venture Capital funds that will invest directly – or that have a strategic interest – in the MENA region, at seed, early and growth stages of funding.
The expertise and commitment behind the Al Waha Fund of Funds team allows for a unique platform for Venture Capitalists. Not only are they granted access to Al Waha’s portfolio of Venture Capital managers and limited partners, but they also gain access to a trusted partner, offering general ecosystem support in Bahrain, including partnership opportunities and networks.
Areas of Support
The Al Waha Fund of Funds leadership will not only manage the fund and its returns, but also focus on an overall strategic impact for Bahrain through Venture Capital funding.
The investment period is five years with a fund term of 10 years with two possible extensions of one year each from its close on April 30th, 2018.
The fund has reached the end of it's investment period as of April 30, 2023.
With a sector focus on technology, Al Waha will encourage start-ups to flourish by supporting Venture Capital investors, making Bahrain and the wider region a hub for a dynamic technology ecosystem.
Investment decisions are made by the Al Waha Limited Advisory Board, which includes private and public sector entities such as Mumtalakat, Osool, National Bank of Bahrain, Batelco and Tamkeen, among others. The Bahrain Development Bank has been appointed as the Investment Manager.