Ibtikar Fund

Ibtikar Fund, a venture capital firm based in Ramallah, West Bank, Palestine, invests in innovative tech and tech-enabled startups founded by Palestinian entrepreneurs from seed to Series A stages. The firm manages Fund I, which closed at $10.35 million and invested in 26 startups, with half of its portfolio still operating. Its second fund, Ibtikar Fund II, recently closed at $25 million in November 2024, targeting investments in 25 companies, with notable investors including Bank of Palestine, Dutch Good Growth Fund, IFC, and EBRD, which contributed $3 million. Managing Partners Ambar Amleh and Habib Hazzan lead the firm, with Hashim Shawa serving as Chairman. Portfolio companies include Mashvisor, Gamiphy, Tawazon, DataQueue, Mental, and Vatrin. Ibtikar Fund was founded in 2016 by Habib Hazzan and Ambar Amleh.