The Abu Dhabi Investment Office (ADIO) and the Department of Health – Abu Dhabi (DoH), the primary health sector regulator in the emirate, have formed a strategic partnership with Hub71, Abu Dhabi’s global tech ecosystem. This collaboration aims to attract global venture capital (VC) investment and accelerate the growth of healthtech and life sciences startups...
Tech startups in the UAE secured a remarkable total of $872 million in funding during the first quarter of 2025. This marks an incredible 865 percent increase from the $90.5 million raised in the same quarter of 2024, as well as a substantial 194 percent rise compared to the $297 million raised in the fourth...
The Abu Dhabi Investment Authority (ADIA) is enhancing its focus on Artificial Intelligence (AI) by participating in a $200 million seed funding round for a US-based firm specializing in life sciences called Lila Sciences. The financial specifics of this investment, which was made through a wholly owned subsidiary of ADIA, have not been disclosed. Lila...
Impact46, acting as the fund manager for the Venture Capital InsurTech Fund and Impact Growth Fund, has successfully sold all of its shares in Rasan Information Technology Company. This transaction involved 13,296,836 shares, which constitute approximately 17.16% of Rasan’s total share capital. The sale was executed through an Accelerated Bookbuild Offering, and the offering size...
Phoenix Venture Partners Ltd. has announced the successful first close of its private placement for the Phoenix Venture Partners Innovation Fund CEIC Ltd. The fund has raised its initial capital from a diverse group of professional investors, which includes family offices and high-net-worth individuals. The capital raised will be utilized to invest in promising early-stage...
Dubai-based venture builder Disrupt.com has announced a fund of US$100 million aimed at supporting technology startups that focus on artificial intelligence globally. This initiative is designed to foster early-stage ventures across various sectors, including AI, cybersecurity, Web 3.0, automotive technology, and retail innovation. Founded by Aaqib Gadit, Uzair Gadit, and Umair Gadit, Disrupt.com is specifically...
Yashaa Global Capital has officially received the Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to establish a global sports venture capital fund. This milestone positions Yashaa Global Capital as a significant player in the rapidly growing sports investment sector The fund is led by General...
Saudi Arabia hit a new milestone in 2024 with a record 178 venture capital (VC) deals, making up 31 percent of all VC transactions in the MENA region, according to a report by MAGNiTT, sponsored by Saudi Venture Capital Company (SVC). According to Economy Middle East, the Kingdom also retained its top position in MENA...