Dubai's du launches $50m corporate venture fund managed by Shorooq
Summary
Dubai-based du has launched a $50 million corporate venture fund called du Ventures. Shorooq will manage the fund and handle deployment and portfolio strategy. du says it will target startups and emerging technologies that align with its core telecom and digital services business. The announcement signals a broader push by du to expand its innovation footprint through investments in adjacent technologies.
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$10M to $25M