Saudi Arabia-based VC firm 8020 Capital launches $10 million accelerator fund

Oluwajuwonlo Afolabi -

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.