Latham & Watkins has advised Khwarizmi on the establishment and launch of Khwarizmi Venture Capital Fund II, which will focus on deploying seed and Series A capital into technology and technology enabled companies across the MENA region.
The fund is domiciled in the Kingdom, managed by Khwarizmi Capital, and registered with the CMA. It successfully completed its first close in February, with signed commitments exceeding SAR 270 million (US$70 million-plus) from institutional investors and leading family offices in the Kingdom. Khwarizmi plans to deploy capital into its first initial investments in the coming period.
The Latham team was led by Dubai partners Eyad Latif and Omar Maayeh, and Riyadh associate Khaled Alhuneidi, with associate Rehab Abdelwahab.
