G42 launches $10 billion technology growth fund
- Date: 18-Aug-2022
- Source: Wamda
- Sector:Technology
- Country:UAE
G42 launches $10 billion technology growth fund
Press release:
G42, the leading UAE-based AI and cloud computing technology company, today announced the launch of the $10 billion G42 Expansion Fund, a global technology growth fund formed in strategic partnership with Abu Dhabi Growth Fund (ADG). The fund, which will be managed by a subsidiary of G42, is focused on accelerating the pace of global innovation by investing in late-stage growth companies with disruptive technologies and strong business fundamentals.