Saudi-Backed Chinese VC to Raise $1 Billion for Mideast Startups
- MSA Capital has raised $555 million across three Gulf funds
- Firm was a growth-stage investor in tech giants Airbnb, Uber
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A Chinese venture capital firm backed by a unit of Saudi Arabia’s Public Investment Fund is planning to raise $1 billion to back technology startups in the Middle East.
MSA Capital is currently in talks with regional investors to finalize plans to launch the fund within the year, according to Managing Partner Ben Harburg.