Q Fund & New Whys Launch Black Iris Angel Network in Saudi Arabia

Q Fund—the investment arm of Qewam Holding—and New Whys have announced the launch of the “Black Iris Angel Network”, a specialized angel investment group aimed at bridging the early-stage funding gap and empowering entrepreneurs and investors in Saudi Arabia.

The establishment of Bayan represents the result of a strategic collaboration between Q Fund and New Whys, building on the combined expertise of both companies in company creation and analyzing high-risk, high-return investment opportunities.

Lewa Abukhait, CEO of Q Fund, commented: “Saudi Arabia is witnessing an unprecedented qualitative leap in the venture investment ecosystem, and we are proud of this strategic collaboration with New Whys. Angel investor groups like Bayan serve as the lifeblood of this ecosystem. They provide not only the essential initial funding but also the expertise and guidance needed to transform promising ideas into companies capable of rapid growth and effective contribution to achieving the objectives of Vision 2030.”

For his part, Hani Thalji, Managing Partner at New Whys, emphasized the strategic importance of this collaboration: “Our goal with Bayan is to leverage our cumulative knowledge in opportunity analysis and risk assessment to enable angel investors to identify available investment opportunities and make informed, effective decisions. We open doors for investors to benefit from a carefully curated flow of deals, enhancing early-stage quality liquidity and contributing to the building of a comprehensive investment ecosystem in the Kingdom, which is a core part of our company’s vision.”

Looking Ahead for Bayan

The Black Iris Angel Network (Bayan) will provide exclusive investment opportunities for its members, along with advanced workshops and mentorship programs, ensuring the highest levels of efficiency in deal selection and management, and directly contributing to the development of startups with significant economic impact.

Source: Entarabi