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Speedinvest, a Vienna-based venture capital firm, has announced its first flagship fund focused on investing in early growth-stage companies across the Middle East and Africa (MEA).
Backed by Mubadala Investment Company, the Qatar Investment Authority (QIA), the European Investment Bank’s development arm EIB Global, and other investors, the fund formalises Speedinvest’s existing investment activity in the region.
“We are thrilled to welcome QIA, Mubadala, and EIB as investors supporting our Middle East and Africa strategy,” said Oliver Holle, CEO and managing partner of Speedinvest. “This demonstrates their belief in the region’s potential and Speedinvest’s ability to identify and support exceptional founders. We’re committed for the long haul, deploying patient, sector-focused capital to back visionary entrepreneurs across the Middle East and Africa, while bringing the added benefit of access to our broader global network and European portfolio to help founders build enduring global companies. 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.”
The capital will be deployed across both early-stage and growth-stage opportunities in fintech and embedded finance, including applications in health, climate, AI, and consumer sectors, as well as core infrastructure verticals pivotal to the digital economy.
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