BY Venture Partners Closes $60 Mn Fund III to Back Early-Stage AI Startups

Headquartered in Dubai, the UAE-based venture capital firm said the latest fund brings its total assets under management (AUM) to more than $200 million. The fund is anchored by the Dubai Future District Fund (DFDF), with participation from MultiLane, Transmed Capital, Idriss Family Office and other institutional and private investors.

Focus on AI Startups and Global Expansion

Fund III will primarily invest in AI-native startups building solutions to improve enterprise workflows. The firm aims to support companies with global ambitions and help them expand into international markets from an early stage.

BY Venture Partners has already invested in 15 companies out of its planned 40-company portfolio. Its existing investments include PQ Shield, Cosyne, Isometric, Huspy and Invisible.

The firm operates across more than 16 markets, with approximately two-thirds of its invested capital deployed outside the Middle East and North Africa (MENA), particularly in North America and Europe.

Institutional Investors Back Fund III

The Dubai Future District Fund (DFDF) is the anchor investor in Fund III. Other participants include MultiLane, Transmed Capital and Idriss Family Office, alongside additional institutional and private investors.

Nader Albastaki, Managing Director of DFDF, said the investment reflects BY Venture Partners' ability to bring international AI companies to Dubai while helping regional founders access global markets.

He added that the partnership supports Dubai's Economic Agenda D33 by strengthening connections between local and international technology ecosystems.

BY Venture Partners to Support Lebanon's Startup Ecosystem

Alongside its investment activities, BY Venture Partners has secured a mandate, backed by MITAI, to manage and operate the Lebanese Angel Investor Network (LAIN).

The network aims to connect Lebanese founders with investors from the global diaspora and create more opportunities for early-stage startup funding.

As part of its commitment to supporting Lebanon's startup ecosystem, BY Venture Partners has pledged to reinvest 50% of its carried interest into initiatives that help rebuild the country's startup ecosystem.

About BY Venture Partners

BY Venture Partners is a Dubai-based global early-stage venture capital firm investing in technology startups across MENA and international markets. The firm was founded by Ghaith Yafi, Abdallah Yafi, Rami Jisr and Sohrab Jahanbani, all of whom have previous experience building and exiting businesses.

Its earlier funds have backed companies including NymCard, Toters, Huspy and Invisible. According to the firm, its first two funds have collectively produced four unicorns, with two emerging from each fund.

With Fund III, BY Venture Partners plans to expand its investments in AI-native businesses and provide early-stage founders with capital, operational support and international market connections.

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