PROJECT

Projects

Summary of Investment Information

Project Number

39432

Company Name

IBTIKAR FUND LP

Date SPI Disclosed

Jan 25, 2017

Country

West Bank and Gaza

Region

Middle East

Projected Board Date

Feb 28, 2017

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Dec 14, 2022

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Apr 4, 2017
Signed : May 31, 2017
Invested : Aug 9, 2017

Sector

Other Non-Private Equity Fund

Project Description

Ibtikar Fund LP (“Ibtikar” or the “Fund”) is an early stage venture capital fund raising $10-12 million to invest in 45+ seed stage companies in Palestine. This investment will fall under the IFC Startup Catalyst initiative, which supports entrepreneurship and innovation at the earliest stages.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation