Dubai launches US$ 136 million venture capital fund designed to finance technology startups
View the full release here: https://www.businesswire.com/news/home/20231108571658/en/
- View the full release here: https://www.businesswire.com/news/home/20231108571658/en/
Dubai launches US$ 136 million venture capital fund designed to finance technology startups (Photo: AETOSWire)
Launched in the presence of His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, the fund is designed to finance technology startups and supports the economic objectives outlined in the Dubai Economic Agenda, D33 by promoting SMEs growth in various emerging sectors. - The new fund was launched on the sidelines of the Dubai Business Forum, which was organised by Dubai Chambers under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum.
- The fund is the first investment programme launched under the name of Oraseya Capital, the venture capital arm of DIEZ specialising in venture investment operations in startups.
- It will play a pivotal role in supporting startups from the pre-seed stage, and extending all the way to the Series B investment stage.