Chimera Capital, part of a business empire overseen by Sheikh Tahnoon Bin Zayed, said the Alpha Wave Ventures II Fund will target companies that have yet to go public
tech fund
Latest in tech fund
Abdulrahman Tarabzouni
Ex-Google exec said to target at least $1bn for Middle East tech fund
Sources say STV, a venture capital firm started by ex-Google executive Abdulrahman Tarabzouni, has started talks with potential backers
Abu Dhabi
Saudi, Abu Dhabi and Oman said to be in talks with SoftBank over new $100bn fund
SoftBank’s first Vision Fund has stakes in many of the world’s leading technology companies, including Uber and WeWork
Apple
SoftBank Vision invests $800m in UK fintech Greensill
The investment values Greensill, which provides alternative supply chain funding to companies, at $3.5bn
Masayoshi Son
SoftBank to seek $15bn more for its huge tech fund
SoftBank’s Vision Fund – backed by Saudi Arabia and Abu Dhabi – has invested more than $70 billion in tech companies in two years
Angel Investors
Opinion: How to fund the growth of the region’s entrepreneurs
Developing an angel investor pool in the Middle East will create a more opportunities and will strengthen regional economic growth
Abu Dhabi
Hambro Perks: ‘We want to be the first London VC in the Gulf’
British boutique investment firm is chasing deals in the region
Abdulrahman Tarabzouni
Saudi ‘has massive demand and lagging supply’, says STV CEO
SoftBank Investment Advisors said the direction of the Middle East tech scene is positive
Mubadala
SoftBank said to invest in Mubadala’s $400m European tech fund
Sources say Mubadala will use the fund to invest up to $30 million in European start-ups
Abu Dhabi
Saudi wealth fund plans San Francisco office in technology push
Saudi Public Investment Fund is looking to open offices in San Francisco, as well as New York and London
Aldebaran
SoftBank Group nine-month net profit soars more than 50%
Rise was largely driven by gains from its investment funds, led by SoftBank Vision Fund whose partners include Saudi Arabia
Japanese entrepreneur
SoftBank profit jumps on boost from ARM, Vision Fund gains
SoftBank formed the Vision Fund last year, raising almost $100 billion from big backers including Saudi Arabia, Abu Dhabi and Apple
Abu Dhabi
Mubadala to launch $400m European tech fund
It will work closely with early-stage UK and European funds to help establish operations in Abu Dhabi and ultimately help them target regional markets
Faisal Rahman
SoftBank Vision Fund said to hire Deutsche Bank’s Rahman for MidEast
Faisal Rahman will help manage relations with the Vision Fund’s key backers, Saudi Arabia’s Public Investment Fund and Abu Dhabi wealth fund Mubadala Investment Co.
Careem
Funding for start ups ‘significantly low’ in MENA, says Careem
Investment is particularly scarce when it comes to technology start ups, according to co-founder and CEO Mudassir Sheikha
Japanese entrepreneur
A $200bn question: can tech swallow another Son mega fund?
For the first Vision Fund, most contributions came from sovereign wealth funds in Saudi Arabia and the UAE
Masayoshi Son
SoftBank said to plan second $100bn tech fund
Planned fund would likely draw a wider pool of investors than the first one, in which most of the contributions came from sovereign wealth funds in Saudi Arabia and the UAE