Khwarizmi Ventures, Saudi-based venture capital firm, announced today that Ameer Sherif has joined its team as Partner.
Ameer Sherif is the Co-founder and Chairman of BasharSoft, the tech company behind Egyptian online employment platforms: Wuzzuf and Forasna.
Ameer will work alongside existing partners, Yasser AlKadi and Abdulaziz AlTurki, as well as KV’s investment team to source and evaluate investment opportunities, and realize the fund’s founder-first approach by supporting the growth of its portfolio companies well beyond capital.
“Over the past year, I’ve had discussions with more than 10 regional VC funds, where Khwarizmi Ventures stood out. Together with my operating experience, network, and connections in Egypt, KV is strongly positioned to strengthen the bridge between the largest two markets and tech ecosystems at the center of MENA, and accelerate current and future founders’ expansion across both markets,” Ameer Sherif, Partner at KV and Co-Founder & Chairman of BasharSoft, stated.
Khwarizmi’s current fund of $70m has an active portfolio of 27 companies that tap into various sectors and regions, such as: FinTech, logistics, e-commerce and SaaS among others industries. The fund has already seen 2 exits that include Fatura (acquired by Tanmeyah) and POSRocket (acquired by Foodics).
“As an entrepreneur-centric VC, we’re excited to have Ameer on board and to welcome the new perspective he brings to the table as an entrepreneur and ecosystem builder. Together, we hope to capitalize on his rich expertise and firsthand founding experiences to further drive our efforts in supporting our portfolio companies and founders during the different stages of their journeys,” Abdulaziz AlTurki, Managing Partner of Khwarizmi Ventures, said.
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