Jada has announced its investment in Rua Growth Fund I, a fund that specializes in early to growth-stage Tech investments and is focused on FinTech, Online marketplaces, and Enterprise Solutions & SaaS. The deal reinforces Jada's commitment to supporting Tech SMEs in Saudi Arabia and the region and further highlights the value it sees in strategic, high-potential investments made though private capital.
OB - iMENA Rua Growth Fund I is a CMA-licensed venture capital fund, based in Saudi Arabia with a target fund size of SAR 200M. The fund is a collaboration between Osool & Bakheet Investment Company, and iMENA Group which is led by a group of experienced fund managers.