du Ventures fund launches with 50M dollars

du, the Emirati company, has launched a venture capital fund worth $50 million to support emerging tech startups in the UAE and the Middle East. The goal is to accelerate digital innovation in sectors such as artificial intelligence, cybersecurity, financial technology, and gaming. The du Ventures fund manages and invests capital in partnership with Shorooq, aiming to support companies developing innovative digital solutions and to fast-track their market integration. This move aligns with the UAE’s efforts to strengthen its position as a regional hub for digital innovation and economic transformation.

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