EAEF pledges $50M to finance Tanmiya Capital Ventures' 2nd fund

Updated 4/17/2024 8:18:00 AM
EAEF pledges $50M to finance Tanmiya Capital Ventures' 2nd fund

Arab Finance: The Egyptian-American Enterprise Fund (EAEF) will offer $50 million in financing to Tanmiya Capital Ventures’ (TCV) soon-to-be launched TCVII, Al Borsa News reported.

TCV is gearing up to invest up to $100 million in medium-sized enterprises after launching its second fund.

TCVII will focus on turning family businesses into institutional firms, EAEF stated.

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