Kuwait has unexpectedly many PE/VC funds, but most of them are part of KIA (Kuwait Investment Authority), which is actively creating >$100m funds to kick start the investments in tech startups. As country’s SME and startup segment increases its attractiveness, the demand for financing by these rapidly developing ventures is required to enhance their growth. These growing appetites in turn attract many venture capital, mutual funds, PE investment houses and rich HNWI who smell a very promising perspective of hypergrowth.