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SABAH.HUB found $30 million fund

Cəmil Hüseynzadə
04 November 2023 16:51
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SABAH.HUB found $30 million fund

SABAH.HUB, an innovation center dedicated to fostering economic growth in Azerbaijan by establishing a competitive, innovative ecosystem, signed a collaboration agreement with "White Hill Capital," a venture capital firm specializing in investing in rapidly growing startups. The agreement aims to create a support fund of up to $30 million to aid startups in Central Asia, Turkey, and the MENA region, further strengthening their partnership.

During the memorandum signing, Rahim Bayramli, the Managing Director of SABAH.HUB, expressed deep appreciation for White Hill Capital's role in Kazakhstan and their dedication to upholding high professional and ethical standards while supporting startups. This partnership, highlighted through the Memorandum of Understanding, reflects the strong working relationship between SABAH.HUB and White Hill Capital, showcasing their joint commitment in key focus areas.

Aslan Sultanov, the managing partner of White Hill Capital, emphasized the growing entrepreneurial landscape in Kazakhstan and Azerbaijan's venture capital markets. He emphasized the importance of partnerships in driving success, welcoming SABAH.HUB's ongoing dedication to making impactful investments.

Stay updated on SABAH.HUB's activities by following their official social media channels (facebook.com/sabah.hub.ic and instagram.com/sabah.hub) and visiting their website (www.sabahhub.com) to stay informed about the Innovation Center's initiatives and receive regular updates.

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