Phoenix Venture Partners Announces Second Closing of Its Innovation Fund 

Phoenix Venture Partners (PVP) has successfully completed the second closing of its Phoenix Venture Partners Innovation Fund (CEIC) Limited (PVPIF), strengthening its commitment to investing in cutting-edge startups and transformative technologies.

This latest milestone brings in a diverse group of investors from France, Luxembourg, Mauritius, Kuwait, and Saudi Arabia, including institutional backers, family offices, and high-net-worth individuals. Their participation reflects strong global confidence in PVPIF’s strategic direction and investment philosophy.

“We are excited to welcome a distinguished group of investors who share our vision for driving innovation,” said Steve Khayat, Founder & CEO of Phoenix Venture Partners. “Their support validates our approach and the potential of the groundbreaking startups we are backing.”

PVPIF targets early-stage investments in high-impact sectors such as fintech, insurtech, healthtech, edtech, agri-food tech, sustainability, energy tech, e-logistics, mobility tech, and consumer tech. While its primary focus remains on the MENA region, the fund also considers opportunities across key global markets within the G20.

With the additional capital raised in this second closing, PVPIF is set to expand its portfolio, finalize active deals, and further strengthen the region’s innovation ecosystem.

Phoenix Venture Partners remains committed to fostering disruptive technologies and empowering visionary founders. By backing startups with the potential to drive meaningful change, the firm aims to create long-term value for both its investors and the broader entrepreneurial landscape.