du Launches US$50 Million Venture Fund to Back Next-Generation Tech Startups
The fund will back high-growth startups across AI, fintech, cybersecurity, cloud, gaming, loyalty, enterprise software, and customer experience technologies.
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UAE telecom and digital services provider du has launched du Ventures, a US$50 million corporate venture capital fund in partnership with Shorooq.
The fund will invest in high-growth startups across AI, fintech, cybersecurity, cloud, gaming, loyalty, enterprise software, and customer experience technologies, supporting founders developing the next generation of digital solutions in the UAE and wider region.
Fahad Al Hassawi, CEO, du, said, “du Ventures represents our commitment to driving meaningful digital transformation while contributing to the UAE’s ambitions to build a globally competitive digital economy. Through this platform, we are investing in technologies and founders that align closely with our strategic priorities. Leveraging du’s scale, infrastructure, and enterprise reach with startup innovation, we aim to accelerate the commercialization of emerging technologies and create long term value for our customers, shareholders, and the wider economy.”
The fund will be managed by Shorooq that will prioritize investments that fit du’s corporate strategy, with a significant share of investments dedicated specifically to UAE-based ventures.
Mahmoud Adi, Founding Partner, Shorooq said, “Partnering with du on this initiative is a natural fit for Shorooq. We share a common belief that the region’s most promising startups deserve access to both capital and the strategic infrastructure that du can offer. du Ventures will enable us to bridge the gap between innovation and scale, empowering founders to bring transformative solutions to market faster.”
UAE telecom and digital services provider du has launched du Ventures, a US$50 million corporate venture capital fund in partnership with Shorooq.
The fund will invest in high-growth startups across AI, fintech, cybersecurity, cloud, gaming, loyalty, enterprise software, and customer experience technologies, supporting founders developing the next generation of digital solutions in the UAE and wider region.
Fahad Al Hassawi, CEO, du, said, “du Ventures represents our commitment to driving meaningful digital transformation while contributing to the UAE’s ambitions to build a globally competitive digital economy. Through this platform, we are investing in technologies and founders that align closely with our strategic priorities. Leveraging du’s scale, infrastructure, and enterprise reach with startup innovation, we aim to accelerate the commercialization of emerging technologies and create long term value for our customers, shareholders, and the wider economy.”
The fund will be managed by Shorooq that will prioritize investments that fit du’s corporate strategy, with a significant share of investments dedicated specifically to UAE-based ventures.
Mahmoud Adi, Founding Partner, Shorooq said, “Partnering with du on this initiative is a natural fit for Shorooq. We share a common belief that the region’s most promising startups deserve access to both capital and the strategic infrastructure that du can offer. du Ventures will enable us to bridge the gap between innovation and scale, empowering founders to bring transformative solutions to market faster.”
