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.