“Revolutionizing MENA’s Startup Landscape: COTU Ventures Unveils $54M Pre-Seed and Seed Fund”
![3d4a3390 63bc 43be A0f7 1aa90c7a53b2](https://techgroundnews.com/wp-content/uploads/sites/4/2024/02/3D4A3390-63BC-43BE-A0F7-1AA90C7A53B2-768x576.jpeg)
Dubai-based early-stage venture capital firm COTU Ventures is announcing that it has raised $54 million for its inaugural fund to support startups in the Middle East from pre-seed to seed stages.
Founder and general partner Amir Farha revealed in an interview with TechCrunch that COTU Ventures is inclined slightly towards fintech and B2B software.
Noteworthy investments by COTU Ventures include Huspy, a UAE mortgage platform backed by Peak XV and Founders Fund, and Egyptian fintech startup MoneyHash.
While at Beco Capital, Farha and his partner returned the first fund following Uber’s acquisition of Careem.
By fostering such open dialogue, COTU Ventures aims to establish trust and strong connections with founders, enabling informed investment decisions.