Anara Impact Capital Raises USD 48 M To Back North African Social Impact Startups

Anara Impact Capital has reached USD 48 M of a USD 50 M target for its first fund, positioning itself to invest in seed and Series A startups across education, financial inclusion, and climate adaptation, with a strong focus on North Africa and the wider MENA region.

The fund serves as the equity arm of the Social Entrepreneurship Fund (SEF) under the EU’s Pact for the Mediterranean, backed by the European Commission, Germany’s BMZ, and KfW Development Bank, alongside regional investors such as Dara Holdings and Jordan’s ISSF.

Founded by Nafez Dakkak, Mohamed Hussain, and Nadia Moukaddam, and chaired by Fadi Ghandour, Anara will invest in startups across learning, wellbeing, and climate resilience. Ticket sizes will range from USD 500 K to USD 2 M, targeting ventures with early traction and measurable social impact across underserved MENA markets.