BY Venture Partners closes $60m Fund III for AI-native startups
Dubai Future District Fund anchors the third vehicle as BY Venture Partners opens a Lisbon office to expand its European presence.
BY Venture Partners has closed its third fund at $60 million, with commitments from Dubai Future District Fund, Multi Lane, Transmed Capital and the Idriss Family Office. The close brings the venture firm’s assets under management to more than $200 million.
Fund III targets AI-native companies from pre-seed through Series A, with initial tickets of up to $1 million. It has already made 15 investments toward a planned portfolio of 40 companies, including PQShield, Cosyne, Isometric, Huspy and Invisible.
The new Lisbon office gives the Dubai-headquartered manager a European base for sourcing investments and supporting founders as they enter international markets. BY Venture Partners invests across more than 16 markets, with roughly two-thirds of deployed capital outside MENA.
Use of funds
Invest in AI-native companies from pre-seed to Series A