PROJECT

Projects

Summary of Investment Information

Project Number

44824

Company Name

ISC-IBTIKAR FUND II

Date SPI Disclosed

Aug 9, 2021

Country

West Bank and Gaza

Region

Middle East

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Aug 2, 2024

Department

CDFVC - Disruptive Technologies and Funds/VC Funds and ISC Funds

Industry

Funds

Previous Events

Approved : Jun 1, 2020
Signed : Dec 10, 2021
Invested : Feb 8, 2022

Sector

Venture Capital Fund

Additional Project Attributes

Blended Finance

Project Description

 Ibtikar Fund II, L.P. (“Ibtikar Fund II” or “the Fund”) is an early stage venture capital fund raising up to US$30 million to invest in pre-Seed and Seed stage startups primarily in Palestine or with a Palestinian nexus. This investment will fall under the IFC Startup Catalyst initiative, which supports entrepreneurship and innovation at the earliest stages.                  

Associated Advisory Engagement

    No advisory engagements at this time. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation