Phoenician Funds appeared to be the VC, which was created in 2015. The leading representative office of defined VC is situated in the Beirut. The venture was found in Asia in Lebanon.
Deals in the range of 1 - 5 millions dollars are the general things for fund. The fund is constantly included in 2-6 deals per year. The top activity for fund was in 2018. Considering the real fund results, this VC is 18 percentage points more often commits exit comparing to other organizations.
The fund was created by George Haimari, Jad Salame, Mohamed Ibrahim. The overall number of key employees were 8.
The usual cause for the fund is to invest in rounds with 2-3 partakers. Despite the Phoenician Funds, startups are often financed by Shorooq Partners, 500 Startups, Wamda Capital. The meaningful sponsors for the fund in investment in the same round are B&Y Venture Partners, BeryTech Fund, Saned Partners. In the next rounds fund is usually obtained by B&Y Venture Partners, BeryTech Fund.
Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. The fund has specific favorite in a number of founders of portfolio startups. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Lebanon. Among the most popular portfolio startups of the fund, we may highlight Seez, Toters, NymCard. Among the most successful fund investment fields, there are Information Technology, Financial Services.
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