Berytech Fund Announces Investments in Instabeat and Other Lebanon-based Companies (MENA)

Source: Wamda  |  Author(s): Lucy Knight, Antoine Abou-Diwan 

Lebanon-focused venture capital firmBerytech Fund has announced just under US$20 million in investments across 13 early-stage companies. The transactions were structured through Berytech Fund II. Berytech’s investments in Lebanon-based companies included US$4 million in swimming tracker Instabeat and US$2 million each in telecom software provider Mobinets, video-on-demand platform Cinemoz, Lifestyle website Ounousa and dating website Et3arraf.