Berytech Technology Fund is a startup fund whose mission was to invest in early growth Lebanese ICT companies with proven commercial viability in exchange for equity ownership.
Creation date: 2008
Investment focus: Information, Communication, Technology
Startup profile: Early growth startups
Berytech Technology Fund was founded in 2008, part of an ecosystem focused on enterprise development and which started in 2002 with the establishment of Berytech.
In the fulfillment of its mission, Berytech realized the need for providing equity financing to entrepreneurs. This led Maroun Chammas to bring the idea to successful fruition by assembling both a prominent group of investors who shared the vision of Berytech to support entrepreneurship in Lebanon, and a professional team to manage the investment.
Thanks to the Fund’s ties to the support structure of Berytech, it enjoyed access to a pool of business practitioners, academic experts and seasoned entrepreneurs, as well as to an array of business development services encompassing training, coaching, and access to further funding and to a wide network of local and global expertise.
The fund invested $6M in 15 companies with portions ranging from $100,000 to $1,200,000 per transaction. To help its portfolio companies grow, the fund called on its shareholders and a vast array of worldwide contacts to bring in the necessary expertise which could be technical, marketing, networking, management, and corporate governance.
Exits to date
|Product – Service|
|Edulab||2009 Mar||E-education content|
|Act. Ident||2010 Jan||High tech RFID solutions|
|Dermandar||2010 Sep||Imaging technologies for mobile apps|
|ElementN||2010 Nov||Operators and cloud computing solution|
|Bsynchro||2011 Dec||Software solutions for insurance companies|
|Butterfly.||2011 Nov||Waterproof heartrate and medical detection devices|
|Wext||2012 Jan||Mobile messaging solutions|
|Yalla Play||2012 Feb||Online gaming|
|Sign.Al||2012 Mar||Mobile applications specialized for journalism|
|Wixel||2012 May||Online gaming|
|Cardio Diagnsotics||2012 Nov||Remote and connected heart monitoring devices|
|Cook&Eat||2012 Nov||Cooking centered mobile apps and web platforms|
|Mistile||2012 Nov||Luxury e-commerce web platform|
|ProBueno||2012 Oct||Volunteering web platform|
|PayPlug||2012 Oct||Mobile payment solutions|
Founder name: Ziad Sankari
Concept: Cardio Diagnostics is a data analytics software attached to a heart-monitoring device that monitors patient heart activities over a period of one month and send live details remotely to a monitoring center. Established in U.S.A. with global R&D offices, the company develops proprietary technologies for wireless monitoring of cardiac patients.
Founder: Elie-Gregoire Khoury
Concept: Dermandar is a Lebanese company specialized in digital image technologies. Their most renowned products are the DMD Panorama which helps the user create and share panoramic images blazingly quick with a fully automated capture system and the photo stitch software that produces panoramic pictures and live 3D, 360 degrees video.
If you have any questions about Berytech, please email us on firstname.lastname@example.org, and we will get back to you.