Over AED 3.6bn of follow-on funding raised to date by its investee companies
CE-ventures, the corporate venture capital platform of UAE-based Crescent Enterprises, has announced that it is doubling its venture capital investments in start-ups to reach AED 1 billion (US$ 272mn) by 2022.
Since its inception in 2017, CE-Ventures has already invested over AED 500mn (US$ 136mn) in 32 start-ups and VC funds across the Middle East & North Africa (MENA), the US, India, and Southeast Asia.
Crescent Enterprises is a multinational company headquartered in the United Arab Emirates. It operates under four platforms: CE-Operates, CE-Invests, CE-Ventures, and CE-Creates, which span diverse sectors including ports and logistics, power and engineering, food & beverage and green transport.
“Our commitment to double down on new funds available for venture investment is testament to our conviction in the major social and economic impact of certain high-growth, tech-enabled businesses,” remarked Badr Jafar, CEO, Crescent Enterprises.
