Riyadh-based Q Fund, the investment arm of Qewam Holding, has partnered with New Whys to announce the launch of the Black Iris Angel Network (Bayan), a specialized angel investment group. The new network is designed to bridge the critical early-stage funding gap and empower both entrepreneurs and investors within the Kingdom.
A Strategic Partnership to Fuel Growth
The establishment of Bayan is the result of a strategic collaboration that combines the distinct expertise of both entities. The network aims to leverage a deep understanding of company creation and the analysis of high-risk, high-return investment opportunities to support the next wave of Saudi startups.
Lewa Abukhait, CEO of Q Fund, commented, “Saudi Arabia is witnessing an unprecedented qualitative leap in the venture investment ecosystem, and we are proud of this strategic collaboration with New Whys. Angel investor groups like Bayan serve as the lifeblood of this ecosystem. They provide not only the essential initial funding but also the expertise and guidance needed to transform promising ideas into companies capable of rapid growth and effective contribution to achieving the objectives of Vision 2030.”
Hani Thalji, Managing Partner at New Whys, emphasized the strategic importance of this collaboration. “Our goal with Bayan is to leverage our cumulative knowledge in opportunity analysis and risk assessment to enable angel investors to identify available investment opportunities and make informed, effective decisions. We open doors for investors to benefit from a carefully curated flow of deals, enhancing early-stage quality liquidity and contributing to the building of a comprehensive investment ecosystem in the Kingdom, which is a core part of our company’s vision.”
Exclusive Access for Members
The Black Iris Angel Network will provide its members with exclusive investment opportunities in promising early-stage companies. In addition to funding, the network will offer advanced workshops and mentorship programs to ensure high efficiency in deal selection and management, directly contributing to the development of startups with significant economic impact.
About Black Iris Angel Network
The Black Iris Angel Network (Bayan) is a specialized angel investment group launched in Riyadh through a partnership between Q Fund and New Whys. The network focuses on bridging the early-stage funding gap in Saudi Arabia by providing capital, mentorship, and curated deal flow to its members, aiming to foster the growth of impactful startups in line with Saudi Vision 2030.
Source: EntArabi
