du, Shorooq partner on $50 million fund to to back regional startups
Summary
du and Shorooq launched du Ventures, a $50 million corporate venture fund targeting startups across the UAE and the wider region. The fund will back companies in fintech, AI, cybersecurity, cloud infrastructure, loyalty, gaming, enterprise software, and customer experience technologies. Shorooq will manage the fund and focus on investments that match du’s strategic priorities, with substantial capital reserved for UAE-based ventures. Startups in the portfolio may gain access to du’s infrastructure, enterprise customers, and market reach to speed up commercialization and scaling.
Funding
Amount
$50.0M
Total raised
Date
June 3, 2026
Announcement date
Investors
Du Telecom
Lead investors
Company
du.ae
Funded company
Classifications
industries
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applications
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