Dubai Launches $136 Million VC Fund to Fuel Technology Startups

Dubai's Integrated Economic Zones Authority (DIEZ) has launched a $136 million venture capital fund to support early-stage technology startups. The fund, named Oraseya Capital, will focus on pre-seed to Series B investments, targeting startups with high growth potential across diverse technology sectors, including artificial intelligence, fintech, cybersecurity, and logistics.

Oraseya Capital will provide direct guidance and active participation to its portfolio companies, offering mentorship, market access, and strategic support to help them navigate challenges and achieve success. The establishment of the fund is expected to have a significant impact on Dubai's tech ecosystem by providing much-needed funding and support to early-stage startups. The fund is also expected to attract more international talent and investment to Dubai, further solidifying the city's position as a global tech hub.

With this strategic investment, Dubai is reaffirming its commitment to fostering a thriving technology ecosystem and positioning itself as a global destination for innovation and entrepreneurship.