Anara Impact Capital closes $48 million MENA fund

Anara Impact Capital closed its first fund at $48 million, targeting Seed and Series A startups in learning, wellbeing, financial access, and climate. The fund focuses on companies delivering strong returns and measurable impact. Institutional backers include KfW, Dara Holdings, and ISSF. Anara spun out of Alfanar Venture Philanthropy, emphasizing scalable impact-driven businesses. The fund addresses underfunded sectors with clear social and environmental relevance.