Cotu Ventures Closes Inaugural Fund, at $54M

COTU Ventures, a Dubai, UAE-based seed-stage venture capital firm, closed its first fund, at $54M. The new fund is sector-agnostic with a focus on identifying and supporting founders at the inception of their idea to post-product launch, typically investing between $500K to $1.5M as a first check. To date, the vehicle has invested in over 20 early-stage companies, including Huspy, a provider of a mortgage platform in the UAE (backed by Peak XV, Founders Fund and Fifth Wall), Supy, a UAE-based ResTech platform, MoneyHash, an Egyptian FinTech startup, and Sirdab, a provider of a storage and warehouse management solution in Saudi Arabia. Visit their website located at the cotu.vc domain name.