The fund was introduced in front of His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai. Its purpose is to support the growth of SMEs in various emerging sectors and finance technology startups, in line with the goals of the Dubai Economic Agenda, D33.
Under the auspices of HH Sheikh Mohammed bin Rashid Al Maktoum, Dubai Chambers sponsored the Dubai Business Forum, during which the new fund was introduced. The fund is the first investment initiative to be introduced under the Oraseya Capital brand, which is the venture capital division of DIEZ that specialises in startup venture investing activities. It will be essential in helping entrepreneurs from the pre-seed phase onward.
The establishment of Oraseya Capital and the US$136 million venture capital fund for technology entrepreneurs is a calculated action in line with His Highness Sheikh Mohammed bin Rashid Al Maktoum’s directions to foster the expansion of Dubai’s digital economy sector.
H.H. went on: “This qualitative strategic initiative serves the overall goal of achieving comprehensive and sustainable development and supports the efforts of DIEZ to enhance its contribution to Dubai’s economy and the growth of the SME sector, which is a vital segment of the economy.” This will guarantee Dubai’s economy’s sustained growth and sustainability for many years to come.”
The launch of this venture capital fund is a significant benefit for successful businesses hoping to expand internationally. It will be crucial in enhancing Dubai’s standing as a global incubator for the most cutting-edge, inventive, and creative businesses,” H.H. said.
Filling up the gaps in corporate financing is one of the fund’s main goals, especially in these critical early phases of development.
The opening of DIEZ’s investment fund is a reflection of Dubai’s rising stature as a top investment destination and a major international hub for funding innovative entrepreneurs.”
“We remain committed to achieving our strategic priorities by bringing in foreign investment and businesses to Dubai and fostering the ongoing expansion of the digital economy,” he continued. The DIEZ initiative is highly appreciated as it is a significant step towards improving Dubai’s worldwide competitiveness in luring and funding technology firms.”
stated: “The development of innovative ideas, effective involvement, and support for contemporary technology are among the key objectives of Orsaya Capital. The focus is on creating a cooperative environment where creative business owners may share resources, ideas, and expertise. By keeping an open mind to new possibilities and cutting-edge technology that complement the fund’s goals, this effort prioritises adaptation. In order to assist and finance technology businesses operating at the emirate level, integrity is important, and there is a strong commitment to maintaining the greatest levels of transparency.
The main objective of the venture capital fund is to strategically invest in firms that demonstrate significant growth potential. Our mission is to enable globally dispersed entrepreneurs to cultivate and launch cutting-edge businesses. The goal of this project is to further cement Oraseya Capital’s reputation as a leading startup venture capital firm that is highly coveted by investors and entrepreneurs who want to change the course of the advanced technology industry,” he continued.
Rather than focusing just on asset investments, the venture capital fund (VC) excels at supporting the firms in its investment portfolio by actively participating and offering direct counsel to help enterprises secure their success and growth.
Business owners may apply for funding on the official website of Oraseya Capital, which targets both foreign firms looking to set up shop in Dubai and local companies operating within the city.