Alpha Abu Dhabi Holding Company of the United Arab Emirates has announced its commitment to invest 9.2 billion dirhams in the venture capital fund Alpha Wave Ventures (2), which was launched by Shimira Capital and Alpha Wave Global at the beginning of the year. this year.
The total commitment mentioned includes a capital contribution of 2.6 billion dirhams, and an undrawn capital commitment of 6.6 billion dirhams that will be drawn down over the investment period of the fund, CN reported. BBC Arabic.
Alpha Wave Ventures (2) is a global fund to invest in private, multi-layered companies with a particular focus on growing companies in a range of sectors including artificial intelligence. financial services technology, life sciences, consumer e-services, and corporate business.