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# Saudi Arabia-based VC firm 8020 Capital launches $10 million accelerator fund
- URL: https://www.techloy.com/saudi-arabia-based-vc-firm-8020-capital-launches-10-million-accelerator-fund/
- Published: 2022-05-23T12:39:20.000Z
- Updated: 2022-12-08T00:52:33.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Money, Saudi Arabia

[8020 Capital,](https://8020.capital/) a venture capital firm based in Saudi Arabia has launched a $10 million accelerator fund and startup studio fund to support and invest in emerging tech startups. 

- The funds will help new business founders to develop companies that will contribute to the growth of the economy and the quality of life of people around the world.
- The accelerator fund is targeted at startups in Saudi Arabia and the US with potential for impacts when their capacities are developed.
- The fund was set up to bridge the gap between rising startups with growth feasibilities, the consumer market and ready investors looking out for investment spaces.
- 8020 Capital is a product of the VC Lab program in Silicon Valley in the US.