COTU Ventures Launches $54m Debut Fund for Pre-Seed and Seed Startups in MENA
Dubai-based COTU Ventures unveiled a $54m inaugural fund to back pre-seed and seed founders across the GCC, Egypt and Pakistan, writing checks of $500,000 to $2m with reserves for follow-on rounds.
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COTU Ventures said it had launched its first fund with $54m to invest in pre-seed and seed-stage startups across the Middle East, focusing primarily on the UAE and Saudi Arabia as well as Egypt and Pakistan. The firm writes initial checks of $500,000 to $2m and reserves capital for follow-ons.
The Dubai-based firm, whose name stands for Champions of the Underdog, said it had already deployed into more than 20 early-stage companies across sectors before formally unveiling the fund.