Taranis Biotech Growth Fund

A CMA-registered Private Investment Fund investing in high-growth biotechnology companies aligned with the Kingdom of Saudi Arabia's Vision 2030 and National Biotechnology Strategy

Fund Overview

Taranis Biotech Growth Fund is a closed-ended Private Investment Fund established in the Kingdom of Saudi Arabia and registered with the Capital Market Authority (CMA), managed by J.AWAN CAPITAL with Taranis Capital Ltd. as Technical Services Advisor.

Venture Capital for Biotechnology & Life Sciences

The Fund invests in biotechnology companies across development stages — from early-stage innovators through to growth-stage companies with proven commercial potential. The strategy spans therapeutic innovation, medical devices and diagnostics, digital health, and biomanufacturing infrastructure, with a deliberate focus on knowledge transfer and capability building inside the Kingdom.

We seek breakthrough science with strong IP, commercially viable business models, ESG alignment, regional relevance, and a credible path to establishing meaningful operations in Saudi Arabia.

Target AUM: USD 400M

Plus a USD 100M Green Shoe Option — maximum fund size USD 500M

Target Returns

25–35% net IRR to Limited Partners and a 3.0–4.0x target MoIC

Fund Term

10-year term with 5-year investment period; extendable by up to 2 years

Portfolio Construction

20–25 portfolio companies; initial tickets USD 5–20M; 25% reserved for follow-ons

Why Taranis

We bring specialist biotech expertise, deep regulatory relationships across the Kingdom, a differentiated localisation framework, and a Scientific Advisory Board of leading Saudi and international biotech experts.

🔬 Specialist Biotech Expertise

A combined investment team with decades of experience across therapeutics, biomanufacturing, clinical development, genomics, stem cell science, and digital health — supported by a dedicated Scientific Advisory Board drawn from KAUST, King Saud University, and leading international research institutions.

🇸🇦 Vision 2030 Alignment

The Fund is structured around the Kingdom's National Biotechnology Strategy. Its investment committee includes the former SFDA Executive Director and leading Saudi healthcare figures, ensuring every portfolio company contributes to Vision 2030's biotech ambitions.

🏭 Localisation Framework

A dedicated localisation team — including a Director of Localisation and Director of Local Manufacturing — coupled with gating mechanisms that require verified localisation plans, SFDA pathway confirmation, and independent technical validation before any capital is released.

🏛️ Regulatory & Government Access

Established relationships with the CMA, SFDA, MoH, NUPCO, and SNIH — enabling coordinated CMA licensing and SFDA approval timelines, and access to Breakthrough Medical Designation fast-track pathways for qualified therapies.

The Market Opportunity

The Kingdom of Saudi Arabia is investing at unprecedented scale in biotechnology, positioning the sector as a cornerstone of its post-oil economic transformation.

USD 65B

Vision 2030 Healthcare Investment

The Kingdom plans to deploy USD 65 billion to enhance healthcare systems and encourage domestic manufacturing under Vision 2030 — creating sustained demand for biotech innovation, infrastructure, and clinical capacity.

USD 34.6B

Biotech GDP Contribution by 2040

Saudi Arabia's biotech sector is targeted to contribute USD 34.6 billion (SAR 130 billion) to non-oil GDP by 2040, representing around 3% of total GDP, with 55,000 sector jobs created by the same date.

USD 25B+

Global Biotech VC Funding

2024 global venture capital funding into biotechnology exceeded USD 25 billion, with average deal sizes growing 15% year-on-year across precision medicine, AI drug discovery, and regenerative medicine.

60%

Young, Growing Demand Base

60% of the Saudi population is under 30, combined with rising chronic disease burden and healthcare spend per capita — creating large, persistent demand for innovative therapies, diagnostics, and digital health solutions.

Investment Focus

The Fund targets four core biotechnology sub-sectors, with a deliberate weighting towards therapeutics and medical technology aligned to regional disease burden and manufacturing priorities.

Therapeutics & Pharmaceuticals

Oncology, metabolic disease, rare diseases prevalent in MENA populations, infectious disease treatments and vaccines, and regenerative medicine including cell and gene therapies. Target allocation 60–70%.

Medical Devices & Diagnostics

Precision medicine and genomics platforms, point-of-care diagnostics for underserved regions, advanced medical imaging, and wearable health technology for continuous monitoring. Target allocation 15–25%.

Digital Health & AI

AI-powered drug discovery and target identification, clinical trial optimisation, telemedicine platforms, and population health data analytics serving the Kingdom's healthcare transformation.

Biomanufacturing & Infrastructure

Local pharmaceutical and biologics production, regional supply-chain and logistics infrastructure, R&D laboratory build-out, and regulatory and quality-system technologies supporting KSA's localisation objectives.

Fund Leadership & Advisers

Led by a combined executive team from Taranis Capital (Technical Services Advisor) and J.AWAN CAPITAL (CMA-licensed Fund Manager), supported by an Investment Committee and Scientific Advisory Board comprising the Kingdom's most respected biotech, clinical, and regulatory leaders.

Executive Team
Nicholas S. Bingham

Nicholas S. Bingham

Founding Partner & CEO — Taranis Capital

25+ years in investment banking, asset management and venture capital. Leads fund strategy across Taranis Capital's fintech, biotech and AI-focused funds. Deep expertise in fund structuring, capital deployment and LP relationship management.

Mark Walker

Mark Walker

Co-Founder & Managing Partner — Taranis Capital

Global multi-sector entrepreneur with extensive operational experience. Specialist in operations, growth strategy and strategic execution. Track record of building, scaling and exiting ventures across fintech, technology and healthcare.

Osama BenSaleh Bukhari

Osama BenSaleh Bukhari

Chief Technology Officer — Taranis Capital

Seasoned Saudi entrepreneur and King Saud University graduate. CEO of AlFaris International Group and Head of the ICC Banking Committee. Pioneer of internet banking and e-wallets in the Kingdom. Named by Arabian Business as one of the '50 People You Need to Know'.

Dr Tarek El Mansy

Dr Tarek El Mansy

Director of Localisation — Taranis Capital

Biotech growth architect with 25+ years in KSA and MENA. Expert in localisation strategy, NUPCO tenders, and SFDA pathways. Proven track record building profitable entities, scaling revenue and driving end-to-end commercialisation for biologics and pharmaceuticals.

Mazen Al-Rahim

Mazen Al-Rahim

Director of Local Manufacturing — Taranis Capital

Petrochemicals and supply chain executive with 30+ years' experience. Former SABIC Director leading Asia Pacific operations and joint ventures with ARAMCO and Exxon. Expert in manufacturing, risk, and strategic sourcing. Chemical Engineer and MBA.

Mohamed Essam

Mohamed Essam

Legal Counsel — Matouk Bassiouny

Partner at Matouk Bassiouny; Head of Corporate and M&A (UAE) and Head of Emerging Companies and Venture Capital. Solicitor of the Senior Courts of England and Wales. Advised on 100+ transactions including leading fintech and M&A deals across MENA.

Emad Zowawi

Emad Zowawi

KSA Legal Counsel to the CEO

New York and Washington DC licensed corporate lawyer and former banker. Over 20 years across international law firms and financial institutions. Provides specialist KSA legal counsel to the CEO on fund structuring, regulatory compliance, and cross-border transactions.

Dr Qaisar Hamed Metawea

Dr Qaisar Hamed Metawea

Local KSA Counsel — QHM Law Firm

Saudi lawyer and founding partner of QHM Law Firm. Licensed attorney by the Saudi Ministry of Justice with over 15 years of practice. SJD and LLM in International Intellectual Property Law from Indiana University. Extensive experience in legal opinions, business transactions, and regulatory matters.

Svitlana Burlakova, ICA, TEP

Svitlana Burlakova, ICA, TEP

Compliance Officer & MLRO — Taranis Capital

DFSA-regulated Compliance Officer and Money Laundering Reporting Officer for Taranis Capital. Ensures compliance with DFSA Conduct of Business Rules, AML/KYC regulations and investor protection requirements.

Jehanzeb Awan

Jehanzeb Awan

Founder & CEO — J.AWAN CAPITAL

Founding Partner and CEO of J.AWAN CAPITAL, the CMA-licensed Fund Manager. Former Regional Head of Compliance for Morgan Stanley MENA and Head of Compliance for National Bank of Dubai (now Emirates NBD). Strong regulatory relationships across the Kingdom and wider region.

Mustafa Mahmood Khan, CFA

Mustafa Mahmood Khan, CFA

Head of Asset Management — J.AWAN CAPITAL

CMA-registered with over 15 years of experience in asset management and financial consulting. Has successfully managed portfolios for high-net-worth individuals, institutional investors, and treasury funds, delivering multi-million-dollar mandates and bespoke investment strategies.

Investment Committee
Nicholas S. Bingham

Nicholas S. Bingham

Chair — Founder & CEO

Global investor and entrepreneur with 25 years in finance. Former investment banker, now CIO for GCC venture capital funds and advisor to global boards.

Osama BenSaleh Bukhari

Osama BenSaleh Bukhari

Investment Committee Member

Senior Saudi entrepreneur and CEO of AlFaris International Group. Head of the ICC Banking Committee. Drives innovation across education, medical, and IT sectors in the Kingdom.

Dr Abdulaziz Al Sayyari

Dr Abdulaziz Al Sayyari

Investment Committee Member

BiSynergic Managing Partner and former SFDA Executive Director. Global expert in regulatory biotech and cell & gene therapy, serving on ICH bodies. Shaped the Kingdom's national frameworks for advanced therapies. PhD Bioprocessing and IMD MBA.

Kuyoung Chung

Kuyoung Chung

Investment Committee Member

Managing Director driving healthcare venture creation and digital strategy. Expert in AI commercialisation with 3 patents and 10 publications. Previously led innovation for Samsung and LG. IMD MBA and ETH Zurich alumnus.

Dr Sebastian Vaughan

Dr Sebastian Vaughan

Investment Committee Member

CEO of Phytome Life Sciences and serial healthcare entrepreneur. PhD in Biochemistry (Leeds) and MBA (Imperial College). Former Imperial College post-doctoral researcher — discovered novel cancer gene functions, published in Nature and Cancer Discovery.

Scientific Advisory Board
Prof. Arjumand Warsy

Prof. Arjumand Warsy

Scientific Advisory Board

Distinguished retired King Saud University biochemistry professor. Leading expert in genetic diseases and molecular genetics research. Former Senior Scientist at the Central Laboratory, Female Medical Centre. Multiple teaching and research excellence awards.

Dr Junaid Kashir

Dr Junaid Kashir

Scientific Advisory Board

Reproductive biology expert at Khalifa University. Associate Professor specialising in PLCζ and embryonic development research. Leads groundbreaking lab-grown halal meat and FBS alternatives research programmes. Previous positions at Oxford, Cardiff, NHS, and Alfaisal University.

Prof. Abdullah Alawad

Prof. Abdullah Alawad

Scientific Advisory Board

PhD in Stem Cell Biology (Sheffield). Founded the National Center for Stem Cell Technology at KACST and served on the Saudi Human Genome Program founding team. Expert in biotech, genetics and healthcare transformation.

Dr Amer Mahmood

Dr Amer Mahmood

Scientific Advisory Board

Senior Scientist at King Saud University Stem Cell Unit. Directs comprehensive regenerative medicine and gene therapy research programmes. Develops novel treatments for chronic diseases and injuries. Maintains strong international collaboration networks.

Prof. Mohamed Al Jumah

Prof. Mohamed Al Jumah

Scientific Advisory Board

Founder and CEO of Itkan Health Consulting. Former KAIMRC Executive Director and 25+ year neurologist. Serves on SNIH and MoH national biotech committees and pharma advisory boards. Led multiple national health projects with CHI, PHA and SHC.

Advisory Board
H.E. Eng. Osama bin Abdul Aziz Al-Zamil

H.E. Eng. Osama Al-Zamil

Board Advisor

Vision 2030 and economic development expert. Former Vice Minister of Industry and Mineral Resources of the Kingdom of Saudi Arabia. Strategic adviser on GCC technology policy, government relationships, and regional opportunities.

Asim Chohan

Asim Chohan

Advisory Board

SVP Global Operations and COO at a top US investment bank. 21 years driving Fortune 100 growth. Expert in AI, business intelligence, and global transformation across three continents. Harvard, MIT and Cambridge educated.

Bruno Martorano

Bruno Martorano

Advisory Board

35-year banking and fintech executive. Former CEO of a major Abu Dhabi bank and a European neobank. Hands-on leader driving digital transformation in finance, health, and energy sectors.

Michael Boevink

Michael Boevink

Advisory Board

Tech, telecom and finance executive with 15+ years scaling global operations. Expert in international expansion, capital raises and go-to-market strategy. Bradford MBA with a worldwide network.

Osama Al-Thanon

Osama Al-Thanon

Advisory Board

Tech pioneer with 40+ years in leadership and cybersecurity. Former ABB C-level executive and serial entrepreneur. Expert in digital transformation, white-hat hacking and AI ventures. Member of the Saudi Council of Engineers.

Rayan Al-Karawi

Rayan Al-Karawi

Advisory Board

Financial industry veteran with 30+ years. Career began at SAMA, evolved into senior roles at Dar Al-Arkan and Razeen Capital. Chairman of Razeen Capital and founding member of MEIRA Saudi Arabia. Expert in investor relations, IPOs, and corporate restructuring.

Strategic Partners

We work alongside sector-leading partners to drive deal sourcing, scientific due diligence, capability building, and portfolio value creation across the Kingdom's biotech ecosystem.

BOYD Consultants

boydconsultants.com

The Fund's primary technical and regulatory partner. BOYD Consultants brings deep drug development expertise across cell & gene therapies, biologics, new chemical entities and orphan drugs, supporting MHRA, FDA, EMA and SFDA submissions. BOYD delivers mandatory technical feasibility assessment, CASS framework validation and validation sign-off before any investment is released.

Helix8

helix-8.com

Health Engineering Life Science Innovation Exchange — a biotech accelerator providing early-stage ventures with mentorship, infrastructure and market access. Helix8 co-designed the Fund's HELIX8 questionnaire, supports CASS scoring, and delivers ongoing localisation support and institutional partnerships to portfolio companies across the Kingdom's biotech ecosystem.

Phytome Life Sciences

phytomelife.com

Bio-pharmaceutical technology company decoding nature's molecular chemistry to develop the next generation of plant-based medicines. Phytome's platform combines AI, plant science, natural product chemistry, formulation and sustainable biomanufacturing — a direct strategic fit for the Fund's therapeutics and biomanufacturing localisation strategy. Led by CEO Dr Sebastian Vaughan (also a member of the Fund's Investment Committee).

WISE Initiative

wiseinit.org

Well-being, Innovation, Sustainability & Entrepreneurship — an international initiative advancing health, sustainable development and enterprise across the Kingdom and wider region. The WISE Initiative supports the Fund's ecosystem, knowledge-transfer and workforce-development objectives for the Kingdom's emerging biotech sector.

ESG & Responsible Investment

The Fund integrates ESG considerations throughout the investment lifecycle, reflecting our commitment to responsible investing and alignment with Vision 2030's sustainability objectives.

Environmental

Sustainable biomanufacturing, resource-efficient facility design, carbon footprint assessment, and green production standards applied consistently across the portfolio.

Social & Patient Impact

Equitable patient access, solutions targeting regional health disparities, workforce diversity and inclusion, and active community engagement through local partnerships and capacity building.

Governance & Transparency

Independent directors, transparent stakeholder reporting, robust compliance with CMA and SFDA requirements, and rigorous ethics reviews covering patient safety, clinical conduct and IP.

Interested in the Biotech Growth Fund?

The Fund is offered on a private placement basis to Qualified Clients only. We welcome conversations with institutional investors, family offices, and strategic partners seeking exposure to Saudi Arabia's biotechnology opportunity.

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