UAE will be fertile ground for deep tech startups, says Karthee Madasamy

UAE will be fertile ground for deep tech startups, says Karthee Madasamy

MFV Partners’ approach is to back visionary deep tech entrepreneurs developing products and solutions that disrupt traditional verticals and ecosystems across automotive, manufacturing, retail, agriculture, and knowledge services.

Karthee Madasamy, founding managing partner, MFV Partner.

Published: Sat 11 Jun 2022, 9:42 PM Last updated: Sat 11 Jun 2022, 9:51 PM

What makes Palo Alto, US, based early-stage deep-tech VC to look at the Middle East region for expanding its footprint? The answer seems straight forward. “The region is of increasing importance and focus for us and our portfolio companies”, says Karthee Madasamy, founding managing partner, MFV Partner, who recently concluded his trip to the region, including the UAE.

“The visit to Dubai was part of a global trip to meet with both portfolio companies and our fund’s limited partners. We just added our first partner based in Dubai — Ruchi Dana — who will be instrumental in helping our portfolio companies expand into the region and cover investment prospects in nearby countries such as Israel and India,” Madasamy told Khaleej Times in an exclusive interview.

What is deep tech? By its very definition, deep tech is proprietary, hard-to-replicate technology that often uses lab research to incubate innovations that can be combined with existing technology to