Investment funds in local SMEs - Transaction - Badia Impact Fund
Badia Impact Squared (BIF II) will provide early and growth stage capital to SMEs deemed to have high growth potential in Middle East and North Africa (primarily Egypt and Jordan). The Fund targets innovative SMEs with technology or business model that creates new or disrupt existing markets. BIF II will serve large unmet needs in the areas of (but not exclusive) to education, financial services, healthcare, consumer products and media.
Total investment: USD 10 million /Approx. EUR 8.8 million With this investment DGGF is contributing to a total expected fund size of approximately USD 54M at first close, with a targeted final close of USD 65M.