{
  "id": 17018417,
  "title": "BY Venture Partners closes $60 million Fund III to back AI startups",
  "url": "https://urgent.news/2026/10/29/by-venture-partners-closes-60-million-fund-iii-to-back-ai-startups",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-29T04:19:51.000Z",
  "source": {
    "name": "Wamda",
    "slug": "wamda",
    "url": "http://wamda.com/2026/10/by-venture-partners-closes-60-million-fund-iii-ai-startups"
  },
  "original_language": "en",
  "account": "UAE-based BY Venture Partners has raised $60 million for its third fund, Fund III, as it aims to support AI startups. This brings its total assets under management to over $200 million. The fund is led by Ghaith Yafi, Abdallah Yafi, Rami Jisr, and Sohrab Jahanbani. DFDF, MultiLane, Transmed Capital, and the Idriss Family Office are among its investors. Fund III will invest up to $1 million each in AI-native startups at early stages, particularly those with enterprise-focused AI solutions. It has made 15 of its planned 40 investments so far. The firm operates in more than 16 markets, with about two-thirds of its capital outside the MENA region. BY Venture Partners also manages the Lebanese Angel Investor Network (LAIN), which connects Lebanese founders with diaspora investors.",
  "summary": "UAE-based venture capital firm BY Venture Partners has closed its third fund at $60 million, bringing its total assets under management (AUM) to more than $200 million. The fund is anchored by the Dubai Future District Fund (DFDF), with participation from MultiLane, Transmed Capital, Idriss Family Office and other institutional and private investors. Led by founding partners Ghaith Yafi, Abdallah…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}