Simmons & Simmons Advised Shorooq Partners on Strategic Collaboration with Presight to Launch US$100 Million AI-Focused Fund
The Global Law firm Simmons & Simmons advised Shorooq Partners on its strategic collaboration with Presight in launching a new US$100 million AI-focused fund.
The partnership represents a significant milestone in the region’s innovation landscape, combining Shorooq’s venture capital expertise with Presight’s AI capabilities to accelerate the growth of transformative technology ventures. The fund will target early-stage AI start-ups globally, reflecting a shared vision to empower founders building the future of intelligence-driven industries across MENA, Asia, and the wider global market.
The Simmons & Simmons team advising on the matter was led by James Coleman (Partner – Head of Corporate & Commercial, Middle East) and Charles Vermeylen (Partner – Asset Management & Investment Funds), supported by Diederik Wintershoven (Managing Associate – Private Funds), Anne-Sophie Rolland (Supervising Associate), Charlotte Glazebrook (Supervising Associate), and Nia J. D. (Corporate Associate).
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