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Berytech Fund pre-launch session |
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 As Berytech closed subscription to its fund, jumping the targeted $5M mark, a conference, featuring the managing partner of the fund, Mr. Sami Beydoun was organized for the hosted companies of Berytech with a full-house audience.
Following a welcome word from Mr. Maroun Chammas, President of Berytech, Mr. Beydoun went through the objectives and mandate of the fund, the mechanics, valuation methods, entry and exit strategies as well as a list of the shareholders.
This fund, which will be managed by a solid team with international financial expertise, will target technology startups and SMEs closing the gap in seed and early stage financing. 
The offices of the Fund will be based in the Technological Pole Berytech in Mar Roukoz. The Fund will have a seven-year term and will be officially launched early November. It counts among its shareholders several leading Lebanese banks, multinational companies such as Intel and Cisco as well as a number of local companies and personal investors.
The companies in the portfolio will not only benefit from equity investment, but from management and technical support, networking and access to export markets.
One of the entrepreneurs, expressing his enthusiasm for the fund, asked: “Where do we stand in line?”
Berytech Fund will start examining up to five investments at a time and shall be ready within two to four months to inject the funds in the companies that meet the eligibility criteria as well as the board and the investment committee approval. |
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