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Dubai-based early-stage venture capital firm BY Venture Partners has completed the closing of its $60 million third fund, Fund III. According to Tech.eu, the fund is anchored by the Dubai Future District Fund and invests in AI-native companies from Pre-Seed to Series A, with a maximum of $1 million per investment; it plans to invest in 40 companies and has already invested in 15. In the same period, BY Venture Partners opened an office in Lisbon and hired two local investment staff to expand its European business. Following the completion of the fund, the firm's total AUM exceeds $200 million.
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Oct 29
Tech.eu
BY Venture Partners closes $60M third fund and opens Lisbon office to expand into Europe
Dubai-based early-stage VC BY Venture Partners has closed its $60M Fund III, opened a Lisbon office, and hired two local investment staff. The fund is anchored by Dubai Future District Fund and invests in AI-native companies from Pre-Seed to Series A, with a maximum of $1M per check, planning to invest in 40 companies, of which 15 have already been invested. The fund brings the firm's total AUM to over $200M.