A U.S. entrepreneur and UK-based investor have launched Saudi Arabia’s first defense venture capital fund, Masna Ventures, with an initial funding target of $100 million.
Credit: Alamy Stock Image
American entrepreneur Lucien Zeigler and London-based investor Nehal Farooqui have launched Saudi Arabia’s first defense venture capital (VC) fund, MASNA Ventures, with an initial funding target of $375 SAR ($100 million). MASNA Ventures said in a Feb. 8 news release that it will mainly target newly...
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