IM Ventures organized an Introductory Session for its new fund – the SME Fund – targeting export-oriented and growth-stage local SMEs.

The SME Fund is a high-growth special purpose vehicle which aims to provide local SMEs with an opportunity to access capital in order to reach new markets.

The Fund Target: To invest in up to 15 SMEs operating out of Lebanon with sustainable and scalable business models, and products geared towards export.

The Fund Sector of focus: Local manufacturing including:
o Agri-food (including Food & Beverage)
o Chemicals (Perfumery, Beauty products & Cosmetics, Pharmaceuticals)
o Paper & Textile (including Fashion)

The Fund Selection Criteria: Interested SMEs to comply with the below selection criteria:
o Growth-stage companies
o Turnover > $500K
o Exports > 30%
o Profitable Unit Economics

Investment Tickets: Up to $1 Million
Expected Launch Date: Q1 2022
Proposed Financial Instrument: Mezzanine Debt based on Royalty
Principal Grace Period: 2 to 5 years
Term of Investments: Up to 5 years

The Introductory Session was held on Wednesday, November 10, from 4:00 pm till 5:00 pm at BDD 1280, followed by a networking session, in the presence of QOOT members and potential Lebanese agri-food companies.