Search Site

Trends banner

Aramco, unit and Sinopec ink $4bn deal

The two companies will establish a joint venture company.

Etihad unveils new A321LR aircraft

A321LR features First Suite - a private, enclosed space with a sliding door.

stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Abu Dhabi-based fund exceeds target of $50m in second raise

The Abu Dhabi-based fund said it has a “robust pipeline of opportunities” in a number of sectors including financial technology.
  • The Abu Dhabi-based fund said it has a “robust pipeline of opportunities” in a number of sectors including financial technology, educational technology, and health technology
  • “The fund aims to deploy tickets of up to $5 million in 12-15 companies that span from Series A to pre-IPO stages”

The Chimera Global Fund has surpassed its target of $50 million in its second raise, as it aims to deploy investments to a dozen companies in Series A and pre-IPO stages.

The Abu Dhabi-based fund said it has a “robust pipeline of opportunities” in a number of sectors including financial technology, educational technology, and health technology.

“The fund aims to deploy tickets of up to $5 million in 12-15 companies that span from Series A to pre-IPO stages,” its chief investment officer, Karim Radwan, said, following the recent fundraising round.

“We will focus on growth stage opportunities and plan to hold investments for a period varying from two to five years,” he added.

The fund has got some strong names in its portfolio, with marquee investments in online learning platform Coursera, Egyptian transport startup SWVL, and cloud kitchen Kitopi. It will continue looking for opportunities in the US, Southeast Asia, and the Middle East, said Chimera Capital Chairman Syed Basar Shueb.