Observed Signal · Oct 29, 2026 · Funding · Source: Tech.eu (European Tech & Deals) · Impact: 3/5 · Sentiment: Positive
BY Venture Partners Closes $60M Fund III, Opens Lisbon Office
BY Venture Partners, a global early-stage venture capital firm based in Dubai, announced the final close of its third fund at $60 million and the opening of a new office in Lisbon, Portugal, to expand its European presence. The fund is anchored by the Dubai Future District Fund, with participation from regional institutional investors, corporate venture arms, and family offices, including Multi Lane, Transmed Capital, and the Idriss Family Office. With Fund III, the firm's total assets under management exceed $200 million. The new fund will invest up to $1 million in AI-native startups at pre-seed to Series A stages, focusing on companies that reimagine enterprise workflows and scale globally. To date, 15 investments have been made from the planned 40-company portfolio, including PQ Shield, Cosyne, Isometric, Huspy, and Invisible. The Lisbon office will support the firm's European strategy, led by two new local investment hires.
This funding news indicates continued growth in the venture capital ecosystem, particularly in AI-focused startups, and signals a vote of confidence in European tech hubs like Lisbon, which could attract more adtech and martech startups and investments.
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Key Takeaways & Evidence Grounding
- BY Venture Partners closed Fund III with $60 million in commitments.
- The fund is anchored by Dubai Future District Fund, with participation from Multi Lane, Transmed Capital, and Idriss Family Office.
- Fund III brings total AUM to over $200 million.
- The firm opened a new office in Lisbon, Portugal.
- 15 investments have been made to date from the planned 40-company portfolio, including PQ Shield, Cosyne, Isometric, Huspy, and Invisible.
Connected Companies & Entities
1 Entity mapped“Dubai-based venture capital firm announcing a $60M fund close and the opening of a Lisbon office.”
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