Ali Mokhtar Recognized as One of Forbes Middle East’s Top Venture Capitalists of 2024
Ali Mokhtar, CEO and Managing Partner of Beltone Venture Capital has been honored as one of Forbes Middle East’s Top Venture Capitalists for 2024. This prestigious recognition celebrates his significant contributions to the MENA startup ecosystem and his transformative leadership in the region.
Since Beltone Venture Capital’s inception in April 2023 as a subsidiary of Beltone Holding, Mokhtar has been instrumental in positioning the company as a key player in the venture capital space. Under his leadership, the company has built a robust portfolio, which includes 14 leading startups, such as WayUp Sports, Bosta, Trella, Arika, VelyVelo, Cathodes, Lychee, Khazna, and BirdNest.
In 2024 alone, Beltone Venture Capital made six major investments, growing its portfolio to over $40 million. A significant achievement this year was the collaboration with CI Venture Capital to manage Citadel International Holdings’ $30 million fund, which supports fast-growing startups across the region.
This recognition from Forbes highlights Mokhtar as one of the top leaders of the region’s most active VC firms, emphasizing his strategic vision, key investments, and significant impact on the startup community. Ali Mokhtar’s continued leadership drives innovation and fosters startup growth toward sustainable success.
