G42 launches $10 billion technology growth fund

  • Date: 18-Aug-2022
  • Source: Wamda
  • Sector:Technology
  • Country:UAE
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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.