Crescent Enterprises to double investments in startups to $272 million by 2022
CEO of Crescent Enterprises, Badr Jafar
UAE-based Crescent Enterprises announced doubling its venture capital investments in startups to $272 million (Dh 1 billion) by 2022.
Founded in 2017, CE-Ventures has already invested over $136 million in 32 startups and VC funds across Mena, the US, India and Southeast Asia.
CE-Ventures plans to focus investments in the fintech, foodtech, and B2B SaaS and energy technology sectors.
Press release:
CE-Ventures, the corporate venture capital platform of UAE-based Crescent Enterprises, has announced that it is doubling its venture capital investments in start-ups to reach AED 1 billion ($272 million) by 2022. Since its inception in 2017, CE-Ventures has already invested over AED 500 million ($136 million) in 32 start-ups and VC funds across the Middle East & North Africa (Mena), the US, India, and Southeast Asia.
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