Speedinvest, a European venture capital firm, has launched its first flagship fund dedicated to early-growth stage companies across the Middle East and Africa (MEA). Mubadala Investment Company, Qatar Investment Authority (QIA), and the European Investment Bank (EIB Global), among others, back the fund. The firm said the fund formalises its existing investment activity in the region and extends its European platform with dedicated capital, local teams, and long-term partnerships aimed at supporting startups in both Europe and MEA as they scale.
Speedinvest has also joined QIA’s Fund of Funds programme, strengthening its presence in Qatar and the wider Gulf Cooperation Council (GCC). Mubadala’s participation reflects confidence in Speedinvest’s MEA strategy, while EIB Global intends its involvement to increase funding for early-stage African technology companies, particularly those focused on digital and financial inclusion. Oliver Holle, CEO and Managing Partner of Speedinvest, said: Oliver Holle “At a time of increasing global fragmentation, building strong, diversified bridges between Europe and other strategic regions is becoming ever more important, for our founders, companies, and the broader innovation ecosystems on both sides.” Ali Eid AlMheiri, Executive Director, Diversified Assets, UAE Investments Platform, Mubadala Investment Company, said: Ali Eid AlMheiri “As part of the MENA Venture Capital Fund at Mubadala, we are pleased to partner with Speedinvest and its experienced team to support ambitious founders in building and scaling enduring companies that contribute to sustainable economic development.” The fund will invest across fintech and embedded finance, as well as health, climate, AI, consumer, and core digital infrastructure.
Speedinvest has previously backed companies including Moove, FairMoney, Khazna, Abhi, Flow48, Pemo, and Abwab. Featured image credit: Speedinvest press release