Ramallah, Palestine (02\/11\/2022)<\/strong> \u2013 On the footsteps of the International Conference on Entrepreneurship in Palestine held in Dubai yesterday, Ibtikar Fund, Palestine\u2019s venture capital fund, announced the initial investments made under its second fund\u2014in Alma Health, Algebra Intelligence, and Vatrin.<\/p>\n \u201cWe are thrilled to welcome these three companies to our portfolio and to further diversify our investments\u2014Alma is our first health-tech company, Algebra is in the green and renewable energy space, and Vatrin incorporates our learnings from investments in e-commerce and logistics. We have found great founders who have built impressive teams and have garnered excellent traction thus far\u201d said Ambar Amleh, Managing Partner at Ibtikar Fund.<\/p>\n Founded by Khaldoon Bushnaq and Tarek Seksek, Alma Health is a direct-to-patient digital healthcare provider dedicated to transforming the healthcare experience for people with chronic conditions. Alma Health is growing rapidly in the United Arab Emirates and Egypt, and is expanding to Saudi Arabia. They are currently raising their Series A investment round.<\/p>\n Algebra Intelligence is a software development firm that integrates artificial intelligence solutions into the energy sector by providing comprehensive asset performance management, proactive notifications, predictive maintenance, and energy forecasting. Algebra\u2019s first product helps clients understand their energy consumption, and ways to save energy, including by integrating renewable energy solutions, such as solar. Algebra was founded by Ahmad Altawafsheh.<\/p>\n Vatrin provides an easy way for small business owners and social merchants to set up a simple website to facilitate online orders, payments and a direct connection to WhatsApp for managing and tracking the final order. Given the post-COVID rise in e-commerce, including social commerce, in the MENA region, Vatrin\u2019s team, Ra\u2019fat Masri, Diala Khashan, and Majd Taweel, developed this product from their direct experience running an e-commerce in Palestine.<\/p>\n \u201cThe three companies we invested in represent the vision for our second fund\u2014investing in Palestinians anywhere in MENA and reconnecting them back to our Palestinian ecosystem. We look forward to supporting them as they continue to grow,\u201d said Habib Hazzan, Managing Partner of Ibtikar Fund.<\/p>\n Ibtikar Fund is Palestine\u2019s only venture capital fund, investing in Palestinian founders building web- and mobile-based companies from MENA. Ibtikar Fund II began investing in 2022, with a first close of USD 15M. Based in Ramallah, it is managed by Managing Partners, Habib Hazzan and Ambar Amleh.<\/p>\n MEDIA CONTACTS<\/strong><\/p>\n For Ibtikar: Mrs. Ambar Amleh (English only) Ibtikar Fund II has invested in Alma Health, Algebra Intelligence, and Vatrin Ramallah, Palestine (02\/11\/2022) \u2013 On the footsteps of the International Conference on Entrepreneurship in Palestine held in Dubai yesterday, Ibtikar Fund, Palestine\u2019s venture capital fund, announced the initial investments made under its second fund\u2014in Alma Health, Algebra Intelligence, and Vatrin. \u201cWe are thrilled … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1106,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-1095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/ibtikarfund.com\/2021\/wp-json\/wp\/v2\/posts\/1095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibtikarfund.com\/2021\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibtikarfund.com\/2021\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibtikarfund.com\/2021\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ibtikarfund.com\/2021\/wp-json\/wp\/v2\/comments?post=1095"}],"version-history":[{"count":6,"href":"https:\/\/ibtikarfund.com\/2021\/wp-json\/wp\/v2\/posts\/1095\/revisions"}],"predecessor-version":[{"id":1105,"href":"https:\/\/ibtikarfund.com\/2021\/wp-json\/wp\/v2\/posts\/1095\/revisions\/1105"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibtikarfund.com\/2021\/wp-json\/wp\/v2\/media\/1106"}],"wp:attachment":[{"href":"https:\/\/ibtikarfund.com\/2021\/wp-json\/wp\/v2\/media?parent=1095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibtikarfund.com\/2021\/wp-json\/wp\/v2\/categories?post=1095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibtikarfund.com\/2021\/wp-json\/wp\/v2\/tags?post=1095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}#<\/h2>\n
\nMr. Habib Hazzan (English and Arabic)
\nManaging Partner
\nIbtikar Fund
\n+972-54-329-9073
\nhabib@ibtikarfund.com<\/a><\/p>\n
\nManaging Partner
\nIbtikar Fund
\n+970-56-850-1558
\nambar@ibtikarfund.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"