Kuwait-based financial powerhouse Kamco Invest is working with partner firm TechInvest to study the launch of a new venture capital fund, “The JEDI Opportunity Fund,” aimed
at backing high-growth startups. The new fund is expected to have a target size between $100 million and $150 million.
The announcement was made by Fahad Al-Sharikh, CEO of TechInvest, on the sidelines of the MoneyTech 2025 summit held in Kuwait.
Building on a Successful Partnership
This new initiative marks the second collaboration between the two firms. Their first joint venture, the “JEDI Fund,” was launched approximately four years ago with a size of $45 million.
The inaugural fund focused on investing in US-based technology startups, with a particular emphasis on companies emerging from Silicon Valley. The success of this initial fund has paved the way for the larger, follow-on opportunity fund.
A Follow-On Investment Strategy
According to Al-Sharikh, The JEDI Opportunity Fund will adopt a strategic approach by primarily investing in a select group of high-performing portfolio companies from the first JEDI Fund. These companies will be chosen based on their demonstrated strong performance and growth potential.
While discussions are underway, a definitive timeline for the fund’s official launch has not yet been announced.
About Kamco Invest
Founded in 1998 and listed on Boursa Kuwait since 2003, Kamco Invest is a leading asset management and investment banking company in the MENA region. The firm offers a range of services including asset management, investment services, and financial brokerage. With a significant presence in countries like the United Kingdom, Saudi Arabia, the UAE, and Jordan, Kamco Invest manages assets exceeding $17 billion.
About TechInvest
TechInvest was established a decade ago and provides specialized services through strategic alliances with asset management companies, partnering with firms like Kamco Invest to create and manage technology-focused investment vehicles.
Source: Jawlah
