VentureRock launches $300 million fund in Abu Dhabi
VentureRock is launching a $300M Fund-of-Funds in Abu Dhabi, supported by The Private Investment Group, to encourage and grow the market-leaders that will shape the world of tomorrow in deeptech, cleantech, healthtech and Smart City technology. The new Fund-of-Funds will invest in early-stage startups that leverage technology, science and innovation to build sustainable, impact-driven solutions and unlock new-age business models for retail, real-estate, logistics, fintech and agriculture through VentureRock's Special Purpose Investment Company (SPIC) structure, that implements the legal and operational processes needed to safeguard the ventures' success.
VentureRock’s Dubai Hub is bringing not only capital but also technology, talent and knowledge around early-stage startup investing and venture-building to the region. The hub is also running its own venture building studio comprised of the Founders Lab and Builders Lab, and will become the launching pad for its portfolio companies from Amsterdam and Singapore to expand their operations to the Middle East.
The novel venture building system within VentureRock digitizes the investment supply-chain, from cap table to KPI reporting and legal agreements, to de-risk and unlock the free flow of capital throughout ventures' lifecycle risks through real-time audited data. Further VentureRock pioneers a 72-step methodology to systematically guide ventures from early-stage startups to fully compliant scale-ups.
"In the past 12 months, we've successfully launched 10 companies within SPIC I, which is focused on changing the way we finance, invest and exchange value. This portfolio has been designed for revolutionary impact – to build a global financial infrastructure that embeds trust and payments at a protocol level. An infrastructure that provides the building blocks for the next economy by powering products, services and business models with financial services at the core," further explains Xander van der Heijden, General Partner at VentureRock.
Supporting VentureRock with their capital raise and strategic partnerships with both the public and private sectors has been The Private Investment Group, a Dubai based company that works with funds and families in the GCC but also throughout Europe, the US and Asia.