The founder and managing partner of Modus Capital, Karim Al Serafi, said that Expo 2020 Dubai attracts a host of leading regional and international talent from entrepreneurs and startups, allowing Modus Capital to provide the necessary support and investment to drive diversified markets. Sustainable development in the UAE, taking advantage of the valuable opportunities the exhibition will bring, to foster our rapid growth and support the local entrepreneurship system.
Group workspace
Modus Capital plans to continue its operations in Dubai in 2020, with the launch of the Collective joint workspace, which includes its active arm, Venture Capital, which has made significant investments in UAE companies as well as its operational and event teams. Modus Capital, which will provide entrepreneurs with the necessary knowledge and best practices in collaboration with international experts, to ensure their business success is enhanced.
“We are working hard to help entrepreneurs establish their businesses, by investing in them and building partnerships with them, to achieve the most effective strategies that will enhance their ability to move their businesses to the next stage of development. We also offer investors the opportunity to seize opportunities in terms of value and growth, as well as provide operational support to entrepreneurs and guide them with the help of our experienced experts to drive them towards their goals. ”
“We recognize that institutional investors such as Mudos Capital are responsible for providing companies in their portfolio with more than just financing, and it is now time to offer a comprehensive solution and harness global expertise to the dynamic MENA market.”
Investment capital
Modus Capital, a New York-based mixed venture capital firm, announced the launch of its first regional fund, the Modus Project Finance Fund in the Middle East and North Africa.
The US $ 75 million fund aims to support companies that are still in the early stages of establishment and growth throughout the MENA region.
This diversified fund is suitable for a wide range of sectors and will be able to invest in various asset classes, from the early market to the lower middle market.
The Fund intends to invest in companies with a positive social impact through a by-product, including efforts focused on women's issues, financial integration, health, education and the fight against unemployment.
In a move that reinforces Mudos Capital's commitment to the region, the company completed its first investment in the last quarter of 2018 by launching an office in Egypt.
Technical companies
The focus of the MENA Fund for Project Finance in the Middle East and North Africa will be technology companies, which are still in their early stages of development, beyond the need for accelerators, as well as small to medium-sized companies, which technology will help to achieve rapid growth. The phased allocation of assets is one of the key risk reduction measures for limited partners, as more mature companies are less vulnerable. The fund also includes provisions for US-based companies that can be moved to the MENA region.
Modus Capital is investing its funds through a project incubator that provides subsidies ranging from $ 50,000 to $ 250,000, up to $ 1 million for initial financing and first rounds of investment financing. The company's top priority is financial, health and e-commerce, consumer-oriented e-commerce, corporate and consumer services, and products that take advantage of Blockchain digital technology.
Invest in startups
Modus Capital is committed to developing the regional system by investing in startups across the MENA region, launching regional joint workspaces, a series of programs, and curriculum-based workshops that focus on knowledge-sharing addressing skills shortages and challenges. Facing entrepreneurs in the region.
The company also plans to expand the same model to other countries in the region, with plans to establish its presence in the GCC region during the first quarter of 2020.
Serafi Cream:
«Helping entrepreneurs establish their own businesses,
“By investing in them, building partnerships with them.”