Berytech Fund
Berytech Technology & Health building, Tabaris square, Mar Maroun sector, Beirut, Lebanon
Overview
Berytech Fund II is a 51 million US Dollar Beirut-based Venture Capital Fund. Funds were received from major banks in Lebanon under the Circular 331 issued by the Central Bank, of which is an initiative that played a massive role in the activation of the entrepreneurial ecosystem in Lebanon. This fund comes following the extensive support provided by Berytech in the successful building, promotion and management of an ecosystem for start-ups and growing companies over the past 15 years. Berytech turn innovative ideas into successful businesses that requires powerful blend of skills, environment, entrepreneurial culture and imagination. They offers the right and adapted environment for the creation and development of innovative startups and SMEs, supporting and stimulating entrepreneurship, through incubation, business support & development, hosting in high-tech infrastructure, funding solutions, coaching, networking, training & mentoring.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Business Development
- Consulting
- Financial Services
- Information Technology
- Venture Capital
Investment portfolio
- scriptr.io
Participated · Series A · Mar 2017
Scriptr.io enables enterprises to create and deliver IoT applications by combining agile application creation, a zero-DevOps managed service environment and a marketplace of pre-built vertical IoT applications and connectors to major IoT and enterprise systems. The platform can be provided from cloud-based infrastructure or as a fully-managed service delivered on premise or at the edge. The company is led by Founder and CEO Rabih Nassar. Scriptr.io closed the second and final round of its $5m Series A funding. The company intends to use the funds to expand business operations in the U.S. No operating metrics were disclosed in the article. scriptr.io provides a cloud-based platform that allows developers to connect devices to the cloud and create and run custom web services with no DevOps, hosting, server management, or deployments. The platform gives users access to more than 60 APIs and connectors, SDKs that support the majority of industry IoT platforms, and connectors to vertical solutions in integration, health, automotive, and big data (including CarVoyant, Fitbit, and little Bits). The company was established in 2015 by Rabih Nassar and is based in New York City. scriptr.io has formed partnerships with wot.io, Marvell Kinoma, Parrot, and Withings. The firm intends to use new funding to expand U.S. business operations, including opening an office in San Francisco, and to continue research and development. No operating metrics (revenue/users) are disclosed in the article.
Team
No current team members are available.