June 11, 2025
KARACHI, June 6, 2025 — In a major step towards bridging global innovation with U.S. opportunity, JR Dallas Tech Fund, the venture capital arm of JR Dallas Wealth Management, has announced a $10 million strategic investment mandate to internationally acclaimed tech leaders Mehwish Salman Ali and Malik Mudassir. The initiative is designed to accelerate the growth of high-potential startups expanding into the U.S. market.
Under this exclusive program, Ali and Mudassir will act as lead investment partners, with full authority to deploy capital across startups in AI, cloud computing, digital health, and frontier technologies. This move reinforces JR Dallas Tech Fund’s commitment to pairing visionary leadership with transformational capital.
“We are entrusting $10 million to two of the most forward-thinking technology leaders of our time,” said Jehangir A. Raja, Managing Partner at JR Dallas Tech Fund. “Their combined expertise in scaling innovation globally makes them uniquely qualified to guide the next wave of U.S.-focused startups.”
Driving Innovation and Economic Impact
The fund aims to generate tangible economic benefits within the U.S., particularly:
- 300–500 new high-skilled tech jobs within 24 months
- $50–100 million in projected economic activity within three years
- Strengthening Texas as a landing hub for international tech talent
- Accelerating breakthroughs in AI, health tech, and cloud infrastructure
About the Fund Leaders
Mehwish Salman Ali, CEO of Data Vault—Pakistan’s first solar-powered, quantum-encrypted AI data center—and Co-Founder of Zahanat AI, brings cutting-edge AI, cybersecurity, and data infrastructure expertise. She also serves as COO of AppsGenii Technologies and is a Forbes Technology Council member.
Malik Mudassir, CEO of AppsGenii Technologies and Co-Founder of startups including GharPar, BoxesGen, and Dental Connect, offers a proven track record in international startup scaling. He is also a Central Executive Committee Member of P@SHA, contributing to Pakistan’s tech ecosystem.
Investment Strategy Highlights
- Ticket Size: $250K–$1.5M per startup
- Focus Areas: AI, Quantum Computing, Digital Health, Cloud, Cybersecurity
- Geography: Startups establishing U.S. HQ or major U.S. operations
- Target Portfolio: 15–20 startups over 24 months
“This fund is more than just capital—it’s a catalyst for global innovation entering the American market,” said Mehwish Salman Ali.
“We’re here to offer not just funding, but strategic support to founders who understand that winning in the U.S. takes more than just technology,” added Malik Mudassir.
About JR Dallas Tech Fund
Led by Wall Street veteran Jehangir A. Raja, JR Dallas Tech Fund operates at the intersection of traditional finance and transformative technologies. With a history of managing multibillion-dollar portfolios, Raja has turned JR Dallas into a high-impact investment platform that prioritizes strategic foresight, founder excellence, and measurable economic impact.
