- Stride Ventures has achieved the first close of its “Abu Dhabi Global Market Fund V” as part of its efforts to expand across the GCC region.
- The company aims to double its assets under management in the Gulf to over $500 million by 2026.
- Stride Ventures aspires to become the largest provider of Sharia-compliant capital for high-growth startups in the region.
Stride Ventures, a debt financing specialist, has announced the first close of its new fund, “Abu Dhabi Global Market Fund V,” in a strategic move to bolster its footprint across GCC markets.
Through this fund, the company aims to double its assets under management in the Gulf to exceed $500 million by 2026, as part of an ambitious expansion strategy focused on high-growth startups in the region.
Commenting on the milestone, Ishpreet Singh Gandhi, Founder and Managing Partner at Stride Ventures, said:
“We are committed to being a long-term partner to the region’s founders and innovators. Through the Abu Dhabi fund, we aim to provide the capital, expertise, and support needed to build businesses that shape the future of the Gulf.”
The firm aspires to become the largest provider of Sharia-compliant capital for high-growth startups across the Middle East.
Stride Ventures leverages strong partnerships with leading regional banks to expand access to venture debt, offering tailored financing solutions that address the evolving needs of fast-growing companies.
The company noted that it has already executed several strategic deals in the region, with average ticket sizes ranging from $10 million to $15 million. It also maintains a robust deal pipeline valued at $110 million, targeting key sectors such as fintech, healthtech, logistics, and climate tech.
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