<article>Pakistan-focused venture capital firm <a href="https://www.dealstreetasia.com/?s=Sarmayacar">Sarmayacar</a> has secured the first close of a $30-million fund targeting seed to early stage startups in the country.</article>

Pakistan-focused venture capital firm <a href="https://www.dealstreetasia.com/?s=Sarmayacar">Sarmayacar</a> has secured the first close of a $30-million fund targeting seed to early stage startups in the country.
Fundraising for the largest Pakistan-focused fund comes at a time when startups in the country are struggling to find sufficient investors and funding.
According to an official statement, the fund will cover technology and technology-enabled sectors with ticket sizes between $100,000 and $2 million. The VC firm will be led by founder and Chief Executive Officer Rabeel Warraich and international partner Dr Bernhard Klemen.
&#8220;We are excited about the emerging opportunities in the country, particularly in the venture space, underpinned by attractive demographics and a strong digitisation push across many segments of the economy,&#8221; said Warraich.
Klemen said the fund aims to provide value-added capital through its network of investors to address the lack of &#8220;smart capital&#8221; in the market.
&#8220;The stage of development of the entrepreneurial ecosystem in Pakistan allows us to build bridges and bring learning and expertise from international ecosystems,&#8221; he added.
According to Crunchbase, Sarmayacar has made three investments &#8211; PublishEx, a carrier billing company; ProCheck, a patient engagement services provider; and Patari, an online music portal.

The largest Pakistan-focused venture fund will cover technology and technology-enabled sectors with ticket sizes between $100,000 and $2 million.

Pakistan-focused VC firm Sarmayacar secures first close of $30m early-stage fund

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Pakistan-focused VC firm Sarmayacar secures first close of $30m early-stage fund

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