PIF Unit Jada Invests in Oryx Fund

Posted on 02/23/2021

Saudi Arabia’s Public Investment Fund (PIF), the country’s sovereign wealth fund, is an anchor investor in the US$ 50 million Oryx Fund, a venture capital fund managed by London-based Hambro Perks Ltd. The fund will target investments in healthcare tech, fintech, and education startups in the Middle East and North Africa.

PIF made the investment into the Oryx Fund through its Jada fund-of-funds unit. Other investors in the Oryx Fund include Saudi Venture Capital Co. and Riyadh Valley Co.

PIF is keen on catalyzing startups in Saudi Arabia and across the Middle East.

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