{
  "id": 18047323,
  "title": "BY Venture Partners closes $60 million Fund III to back AI startups",
  "url": "https://urgent.news/2026/11/03/by-venture-partners-closes-60-million-fund-iii-to-back-ai-startups",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-03T23:09:51.000Z",
  "source": {
    "name": "Wamda",
    "slug": "wamda",
    "url": "https://www.wamda.com/2026/10/by-venture-partners-closes-60-million-fund-iii-ai-startups"
  },
  "original_language": "en",
  "account": "UAE-based venture capital firm BY Venture Partners has successfully closed its third fund, Fund III, at $60 million, raising its total assets under management to over $200 million. The fund, anchored by the Dubai Future District Fund (DFDF) and supported by MultiLane, Transmed Capital, and the Idriss Family Office, invests in early-stage AI startups across MENA and global markets. Leading partners Ghaith Yafi, Abdallah Yafi, Rami Jisr, and Sohrab Jahanbani will focus on pre-Seed to Series A-stage AI-native companies, primarily investing up to $1 million per startup. Fund III has already made 15 investments out of a planned 40-company portfolio. BY Venture Partners operates in more than 16 markets, with two-thirds of its capital deployed outside the MENA region, primarily in North America and Europe. The firm also manages the Lebanese Angel Investor Network (LAIN) and has committed to reinvesting 50% of its carried interest to support Lebanon's startup ecosystem.",
  "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."
}