Berytech Fund II is a 50 million US Dollars Beirut based Venture Capital Fund. The funds were received from major banks in Lebanon, to invest in Lebanese businesses, in the knowledge economy sector, under Circular 331 issued by the Central Bank, an initiative that has played a massive role in the activation of the entrepreneurial ecosystem in Lebanon. This fund comes following the extensive support provided by Berytech in the successful building, promotion and management of an ecosystem for start-ups and entrepreneurial companies over many years.
The fund’s objective is to invest in small and medium-sized Lebanese enterprises with high growth potential and active in knowledge industries with high human value-added. These enterprises will be chiefly maturing start-ups, active in a number of knowledge industries, including the historical base of the wider Information & Communication Technology and Digital Content domains.