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$71M venture capital fund unveiled at ArabNet

The Arabnet conference in Beirut, Wednesday, March 18, 2015. (The Daily Star/Hasan Shaaban)

 
This article was amended on Monday, March 23 2015

This article was changed on March 23, 2015 to clarify that Henri Asseily did not lament that the BDL's Circular 331 "had not had the effect on the Lebanese ecosystem that he and his partners were hoping for." Rather, Asseily lamented that existing players were not looking at the full life-cycle of the venture ecosystem, which prompted he and his partners to launch Leap Ventures.

A version of this article appeared in the print edition of The Daily Star on March 20, 2015, on page 4.

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