نورهان فؤاد
- du has launched du Ventures, a $50 million investment fund.
- The fund will target startups in fintech, AI, cybersecurity, cloud computing, gaming, loyalty programs, enterprise solutions, and customer experience.
- Shorooq will manage the fund to support digital innovation and startup growth in the UAE and the wider region.
UAE telecom company du has announced the launch of a new investment fund, du Ventures, worth $50 million, in partnership with Shorooq, a venture capital firm focused on technology investments.
The fund will invest in startups operating across several high-growth technology sectors, including fintech, artificial intelligence, cybersecurity, cloud computing, loyalty programs, digital gaming, enterprise solutions, and customer experience technologies, with a particular focus on companies based in the UAE and the wider region.
Under the partnership, Shorooq will manage the fund and direct its investments in line with du’s strategic priorities. The collaboration will give du access to emerging technologies and new investment opportunities that can support the development of its services and help the company keep pace with digital transformation.
Both companies said the launch of du Ventures aims to support startups in the region and enable them to develop practical technology solutions, while contributing to the growth of the UAE’s digital innovation ecosystem.
The fund also reflects a growing trend of collaboration between major corporations and startups, opening the door for more technology-driven solutions that can serve businesses and improve customer experiences across the region.
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