Incubation Fund

TMT Ventures Limited launched a PRs250m venture capital fund in December 2002 focusing on incubating companies, named AKD Venture Fund Limited. It is the first licensed venture capital fund in Pakistan under NBFC Rules 2003. AKD Securities is the lead investor in the Fund, along with Habib Bank and SME Bank.

Over the course of the years the Fund has invested in seven start-up and early stage companies in Pakistan’s high growth Telecom, Media and Technology (TMT) sectors. It has exited from one investment so far. The Fund has finished its investment phase and is now in a divestment mode. It has a finite life of eight years until 2010.

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