• anb Capital and Lexham Partners launch a USD 200M  growth fund targeting MENA technology firms, with a strong Saudi Arabia focus.
• The fund will back growth and pre-IPO stage companies through equity and secondary deals, aligned with Saudi Vision 2030.
• By mobilizing institutional capital, the fund seeks to boost growth financing, deepen MENA’s venture ecosystem, and advance regional capital markets.

anb Capital

anb capital and Lexham Partners, together launched a USD 200 million growth fund exclusively focused on the MENA region. This is with a specific focus on the Kingdom of Saudi Arabia.

Founded in 2008, anb capital is an investment manager offering a full spectrum of investment related services.  It is a a wholly owned subsidiary of anb, is a Saudi capital market institution regulated by the Capital Market Authority (“CMA”) It encompasses capital markets, asset management, investment banking, brokerage, private wealth management, private equity and real estate investment services. 

Meanwhile, founded by Dominic Perks, Lexham Partners is a London-based venture capital and growth investment firm. 

Tech

The fund aims to back exceptional technological companies at the growth and pre-IPO stages. This is through deploying capital in a combination of secondary transactions and growth equity investments. Additionally, it will prioritize businesses with strong fundamentals, scalable platforms. It will also back business with a clear alignment with Saudi Arabia’s Vision 2030 digital transformation agenda.

“The MENA region is entering a golden era for growth investing. We see a powerful combination of entrepreneurial talent, capital inflows, and structural reforms creating exceptional opportunities to back the next generation of category-defining technology companies. This fund gives us the scale to partner with ambitious founders and help them build businesses that can achieve global significance,” said  Dominic Perks, Managing Partner, Lexham Partners

Furthermore, through mobilizing institutional capital at scale, the Fund aims to expand access to growth financing. In addition, it aims to strengthen the region’s venture ecosystem, and accelerate the development of MENA capital markets.