Alpha Dhabi to invest $2.5B in Alpha Wave Ventures II fund

Alpha Dhabi Holding PJSC, one of the fastest-growing investment holding companies in the UAE, listed on the Abu Dhabi Securities Exchange (ADX: Alphadhabi), has made a DH9.2 billion commitment to invest in Chimera Capital and Alpha Wave’s landmark ‘Alpha Wave Ventures II’ venture fund which was announced and launched at the beginning of the year.

The total commitment consists of a capital contribution in excess of DH2.6 billion and an undrawn commitment in excess of DH6.6 trillion, which will be drawn down throughout the fund’s investment period.

The venture capital fund – which has already begun making investments – has a global remit, and will focus on multi-stage private firms, with a concentration on growth-stage companies across a wide range of sectors including artificial intelligence, financial technology, and life sciences, consumer internet and B2B. The fund’s investment emphasis is in line with Alpha Dhabi’s growth strategy, which is focused, in part, on investment in disruptive technologies as part of the UAE’s ambition to create a diversified, tech-enabled and competitive economy that fosters a culture of innovation.

The fund will focus on investments in high-growth, tech-enabled or tech-driven businesses that provide innovative solutions to key regional and global problems. As a key and strategic contributor to the UAE’s economy and diversification efforts, the fund and our commitment strengthen Abu Dhabi’s position as a hub of innovation and technology and amplify the country’s growing position as a premier investment destination for international, institutional and growth capital.

Eng. Eng. As a way to advance our operating subsidiaries, which include market leaders within their respective industries, we continue to look at investing in disruptive technologies. As a cornerstone and significant investor in this fund, we are able to firmly demonstrate this commitment to innovation, technology and growth-stage companies while also adding scale to our investment portfolio and delivering superior returns for our shareholders.”

Alpha Dhabi will also benefit from the increased size and weight in our balanced portfolio through sector, geographic and company-size diversification. Additionally, Alpha Dhabi will have access to major markets and significant deal flow. This commitment supports our efforts to bring innovation and best-in class technology to Abu Dhabi and the ecosystem. We leverage synergies to integrate disruptive technologies into our operating subsidiaries to enhance their offerings and credentials.

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