Berytech invests in Active Identity
The investment is worth $300,000
Under the agreement, the Fund will invest up to $300,000 in Active Identity to support its projects.
The two parties were introduced to each other at the Investor-Project Matching sessions organized by InfoPro - Business Development Services during the latest “Business Opportunities in Lebanon” conference held in October.
The Berytech Fund is a start up fund that invests capitals in early growth local firms which operate in the information technology sector in exchange for equity ownership.
It has assets of $6 million under management.
Date Posted: Feb 04, 2010