Dubai-headquartered AFKAR Ventures has launched in the Middle East and North Africa (Mena) region looking to invest in startups operating in energy technology.

The venture capital (VC) firm aims to seed and scale startups and accelerate the expansion of already established energy tech companies.   

 “We will promote the creation of fit-for-purpose regional intellectual property,” said Maen Razouqi, executive director at AFKAR executive director.

The VC was founded by a team with a wide range of experience in energy and technology with a proven track record of innovation. 

The founding team consists of Adnan Ghabris (Chairman), Maen Razouqi (Executive Director), Zied Ben Hamad (Executive Director), Ghassan Mirdad (Director), Raja Al Mazrouei (Director), Mazin Al Lamki (Director).