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Dubai Future District Fund allocates 20% corpus to climatetech in MENA

VCCircle

VCCircle · 1y ago

Dubai Future District Fund allocates 20% corpus to climatetech in MENA

The Dubai Future District Fund (DFDF) has dedicated 20% of its total corpus, approximately AED 200 million, to support climate technology and innovation in the MENA region. The fund aims to focus on climate sustainability initiatives and reinforce its commitment to the future of food, logistics, and financial inclusion. DFDF has already made 11 direct investments and nine fund-of-fund investments in startups, and it intends to deploy half of its capital into VC funds and the other half into direct investments.

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DFDF CEO on funding trends and why MENA startups didn’t see steeper valuation drop

VCCircle

VCCircle · 1y ago

DFDF CEO on funding trends and why MENA startups didn’t see steeper valuation drop

Dubai Future District Fund (DFDF), the first evergreen venture capital fund-of-fund in the Middle East and North Africa (MENA) region, has invested a significant portion of its $200 million corpus in 25 startups, VC funds, and follow-on investments. The fund aims to make direct investments in over a dozen startups and additional fund-of-fund deals in the coming years. DFDF's CEO, Sharif El-Badawi, discusses funding trends in the region and explains why MENA startups did not experience significant valuation drops like their global counterparts.

How Dubai Future District Fund deployed corpus across startups, VC funds

VCCircle

VCCircle · 1y ago

How Dubai Future District Fund deployed corpus across startups, VC funds

The Dubai Future District Fund (DFDF), a venture capital fund-of-funds in the Middle East, has deployed approximately 20% of its initial corpus since inception. Considered a key supporter of the startup ecosystem in the region, DFDF has made significant investments in various startups and VC funds. Established as the first evergreen fund-of-funds in the region, DFDF continues to play a crucial role in promoting and developing the entrepreneurial landscape in Dubai.

Dubai's DFDF plans to deploy half corpus by this year across direct, fund-of-fund bets

VCCircle

VCCircle · 1y ago

Dubai's DFDF plans to deploy half corpus by this year across direct, fund-of-fund bets

Dubai Future District Fund (DFDF) intends to invest half of its capital this year through direct investments and fund-of-fund bets. The first-evergreen venture capital fund-of-fund in the region, DFDF is targeting startups in generative AI, climatetech, and other sectors. The fund plans to achieve this milestone by the end of 2022, three years after its establishment. CEO Sharif El-Badawi expressed confidence in the fund's ability to make significant contributions to the Dubai startup ecosystem.

DFDF to widen investor base in three-phase expansion strategy

VCCircle

VCCircle · 1y ago

DFDF to widen investor base in three-phase expansion strategy

Dubai Future District Fund (DFDF), the first evergreen venture capital fund-of-funds in the region, is planning a three-phase expansion strategy to attract a wider range of investors. With an initial funding of $200 million from the Dubai Future Foundation and Dubai International Financial Centre, DFDF aims to diversify its capital base and boost its growth. The fund aims to support innovative startups and drive economic development in Dubai's future district.

DFDF backs Africa VC fund in tenth LP-style bet

VCCircle

VCCircle · 1y ago

DFDF backs Africa VC fund in tenth LP-style bet

Dubai Future District Fund (DFDF) has made its tenth investment in an Africa-focused alternative investment vehicle. DFDF, the first evergreen venture capital fund-of-funds in the region, has backed the second fund of a technology-focused venture. Anchored by the Dubai International Financial Centre and the Dubai Future Foundation, DFDF aims to support and foster technological innovation in Africa.

DFDF backs Africa VC fund in tenth LP-style bet

VCCircle

VCCircle · 1y ago

DFDF backs Africa VC fund in tenth LP-style bet

Dubai Future District Fund (DFDF) has made its tenth investment in an Africa-focused alternative investment vehicle. DFDF, the first-evergreen venture capital fund-of-funds in the region, has supported the second fund of a technology-focused venture. Anchored by the Dubai International Financial Centre and the Dubai Future Foundation, DFDF has become a major player in the venture capital scene, particularly in emerging markets.

Dubai VC firm COTU Ventures hits final close of debut fund

VCCircle

VCCircle · 1y ago

Dubai VC firm COTU Ventures hits final close of debut fund

Dubai-based venture capital firm COTU Ventures has successfully closed its debut fund, raising $54 million to support early-stage startups in the Middle East and North Africa region. The fund, with limited partners including the Dubai Future District Fund and Mubadala, plans to invest in startups in the UAE, Saudi Arabia, and Egypt. COTU is a sector-agnostic fund, aiming to provide initial cheques ranging from $500,000 to $1.5 million. The firm has already invested in over 20 startups, including MoneyHash, Huspy, Supy, Mayple, LiveBazaar, AdalFi, Sirdab, and Kingpin.

Dubai VC firm COTU Ventures hits final close of debut fund

VCCircle

VCCircle · 1y ago

Dubai VC firm COTU Ventures hits final close of debut fund

Dubai-based venture capital firm COTU Ventures has announced the final closing of its debut investment fund, raising $54 million to support startups in the Middle East and North Africa region. The firm, which aims to invest between $500,000 and $1.5 million as an initial investment, plans to focus on the UAE, Saudi Arabia, and Egypt. COTU has already invested in over 20 startups in the region, including fintech firm MoneyHash and online mortgage platform Huspy. Limited partners for the fund include the Dubai Future District Fund, Lunate, Mubadala, and Arab Bank.

DFDF-backed social media app Vuz taps new investor in fresh funding round

VCCircle

VCCircle · 8m ago

DFDF-backed social media app Vuz taps new investor in fresh funding round

The Dubai Future District Fund (DFDF)-backed social media app Vuz is raising funds to support its expansion plans. The Dubai-based startup is expected to receive investment from the International Financial Corporation (IFC), the private investment arm of the World Bank. Vuz is an immersive social media platform that aims to provide a new way of connecting and engaging with others.

Dubai Future District Fund sees change of guard as CEO steps down

VCCircle

VCCircle · 1y ago

Dubai Future District Fund sees change of guard as CEO steps down

Sharif El-Badawi has stepped down as the CEO of Dubai Future District Fund (DFDF), the first evergreen venture capital fund in the region. DFDF has invested in 26 startups and venture capital funds since its establishment three and a half years ago. The reason behind El-Badawi's departure is unknown at this time.

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