C5 Capital to launch fund for supporting start-ups

An investment fund that would support startups in Bahrain as well as bring innovative businesses from around the world will soon be launched by C5 Capital, it was announced. C5 Capital, the London-based fund manager, will launch fundraising for an investment fund in the near future. Innovative companies, especially the ones that are cloud-enabled stand a chance to be supported by the fund, C5 Capital Investment Manager Zulfi Ali told Tribune.

“Our next phase is to have an investment fund that is based out of Bahrain but with a global investing mandate. “We will also be looking for businesses that are in other parts of the world such as the US and Europe that we can bring to this region. “Through our network and our local on the ground expertise here we are going to help them succeed in this part of the world,” he said. When asked when the fundraising would begin, he said, “The goal is to have it somewhere before the end of the year.”