Agility Global Invests in MEA Startups Through Global Ventures’ Third Fund
Agility Global, a Singapore-based multi-business operator and long-term investor, has invested an undisclosed amount in Global Ventures‘ third fund. Launched earlier this year, the fund provides capital to early-stage companies in the Middle East and Africa (MEA), focusing on supply chain technology, energy technology, and agri-tech.
Global Ventures, founded in 2018 by Noor Sweid in Dubai, specializes in growth-stage investments across the MEA region. With Agility Global’s venture arm backing this new fund, they aim to accelerate the growth of innovative startups in key sectors.
Agility’s Support for Innovation and Diversity
Agility Global has built a diverse investment portfolio, including startups in clean energy, digital logistics, e-commerce, healthcare, and agri-tech. Many of these companies are either based in the MEA or expanding into the region. Agility actively fosters the MEA’s entrepreneurial ecosystem, providing both funding and strategic guidance to early-stage companies.
Tarek Sultan, Chairman of Agility Global, emphasized their commitment to supporting regional innovators. “We strongly advocate for the new generation of entrepreneurs in the Middle East and Africa. The region is full of innovation and energy. Our investment in Global Ventures’ MEA fund will help startups grow and scale their ideas.”
Sultan also highlighted the importance of promoting diversity in venture capital. “With only 15% of global venture capitalists being women, we’re excited to support a women-led fund. We hope this will open up more opportunities for female-led businesses.”
Noor Sweid, Founder of Global Ventures, praised the partnership with Agility Global, saying, “As industries shift toward resource efficiency, Agility’s support helps us back mission-driven founders addressing critical challenges in the MEA region.”
Global Ventures manages three funds focused on innovation in the MEA. The first fund, launched in 2018, targeted fintech, while the second, established in 2022, focused on health tech. The third fund, launched in 2023, targets startups in supply chain technology, energy technology, and agri-tech.
