Du launches USD 50 mln venture capital fund to back tech start-ups
Du has announced the launch of Du Ventures with USD 50 million funding in partnership with Shorooq to support start-ups and founders active in fintech, AI, cybersecurity, cloud, loyalty, gaming, enterprise services and customer experience technologies. Shorooq is a multi-strategy investment firm that will prioritise investments that fit Du’s corporate strategy, with a significant share of investments dedicated specifically to UAE-based ventures. Fahad Al Hassawi, CEO of Du, said that Du Ventures reflects th