This investment will be used to fund healthcare startups in Saudi Arabia and the Gulf region
TVM Capital Healthcare, a company specializing in…Investments Healthcare Growth Capital announced the closing of a US$250 million Afiya Fund in its second round of capital raising in the Middle East.
This will be used Investment to finance emerging companies In the field of healthcare in the Kingdom of Saudi Arabia and the Gulf region, with a focus on areas such as anti-aging, genomics, oncology, pharmaceutical manufacturing, and diagnostic tools.
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Bandar Al-Hamali, Managing Director and CEO of Fund of Funds (JADA), said: “The closing of TVM Capital Healthcare’s Afiya Fund represents a turning point in the process of raising private capital and injecting it into the healthcare sector in the Kingdom of Saudi Arabia, and we are proud to lead this initiative.” Investing and providing capital to support the development of the sector in line with Vision 2030.
