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Berytech Fund II is a venture capital organization based in Lebanon, established in 2014 to support the growth of innovative startups and small to medium enterprises (SMEs) in the region. The fund is part of the Circular 331 initiative, which aims to stimulate the Lebanese startup ecosystem by providing financial support and resources to technology-driven companies. Managed by Berytech Fund Management, the fund is affiliated with Lebanon's leading tech incubator and accelerator hub, enhancing its credibility and reach within local and regional markets.
With a fund size of $51 million, Berytech Fund II primarily invests in early-stage technology-driven companies across various sectors, including ICT, digital content, industrial/product design, fashion design, and renewable energy. The fund targets Lebanese SMEs and startups that demonstrate significant growth potential and aims to support businesses that can scale internationally. Berytech Fund II seeks to replicate the success of its predecessor, Berytech Fund I, which had 15 portfolio companies and achieved 3 successful exits.
Berytech Fund II focuses on investing in technology-driven companies at the seed and Series A stages. The fund's investment strategy encompasses various sectors, including ICT, digital content, industrial/product design, fashion design, and renewable energy. The average check size ranges from $1 million to $5 million, allowing the fund to provide substantial support to its portfolio companies.
The geographic focus is primarily on the Middle East and North Africa, specifically targeting Lebanese startups and SMEs that exhibit significant growth potential. Berytech Fund II aims to support businesses that can scale internationally, aligning with its mission to foster the growth of Lebanon's knowledge economy. The fund emphasizes the importance of innovative startups that can contribute to the region's economic development.
Berytech Fund II has a notable portfolio that includes several technology-driven companies. Key investments include:
The fund aims to replicate the success of its predecessor, Berytech Fund I, which had 15 portfolio companies and achieved 3 successful exits. This track record underscores Berytech Fund II's commitment to supporting innovative startups in Lebanon.
Recently, Berytech Fund II made a notable investment of $5 million in Capital Banking Solutions (CBS), a cloud-ready core banking platform. This investment reflects the fund's active engagement in supporting technology-driven startups within its focus sectors. The investment was announced in 2021-2022, showcasing the fund's commitment to fostering innovation in Lebanon despite the challenging macroeconomic environment.
As part of the Circular 331 initiative by the Central Bank of Lebanon, Berytech Fund II continues to play a significant role in enhancing the entrepreneurial ecosystem in the country. The fund's efforts are particularly relevant given the financial crisis that has impacted Lebanon since 2019, creating deployment uncertainty for many Circular 331-funded vehicles.
What are Berytech Fund II's investment criteria?
Berytech Fund II primarily invests in early-stage technology-driven companies at the seed and Series A stages. The fund focuses on sectors such as ICT, digital content, industrial/product design, fashion design, and renewable energy. It targets Lebanese SMEs and startups that demonstrate significant growth potential and can scale internationally.
How can I apply or pitch to Berytech Fund II?
Founders interested in pitching to Berytech Fund II should prepare a comprehensive pitch deck that outlines their business model, market opportunity, and growth strategy. While specific application forms or portals are not mentioned, reaching out through their official website or networking within the Lebanese startup ecosystem may provide avenues for engagement.
What makes Berytech Fund II different from other investors?
Berytech Fund II is distinguished by its affiliation with Berytech, Lebanon's leading tech incubator and accelerator hub. This connection provides portfolio companies with access to a robust network of resources, mentorship, and industry expertise, enhancing their chances for success in a competitive market.
What is the fund size and average check size?
Berytech Fund II has a fund size of $51 million, with average check sizes ranging from $1 million to $5 million. This allows the fund to make significant investments in promising startups.
What is the geographic scope of Berytech Fund II?
The fund primarily focuses on the Middle East and North Africa, specifically targeting Lebanese startups and SMEs. This regional focus aligns with its mission to support the growth of Lebanon's knowledge economy.
What kind of post-investment support does Berytech Fund II provide?
Berytech Fund II offers strategic support through its affiliation with Berytech, providing portfolio companies access to mentorship, resources, and industry expertise. This support is designed to enhance the growth potential of the companies in which they invest.
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