Star Tech: 8X Ventures powers deep-tech growth in UAE

Star Tech: 8X Ventures powers deep-tech growth in UAE

The VC fund seeks to bridge the critical gap in patient capital in cutting-edge technology in the country and the wider region

(Clockwise from top) Chirag Gupta, Vinod Agarwal, Esha Arya and Ajay Rajput

Published: Fri 23 Dec 2022, 9:33 PM

8X Ventures is a deep-tech-focused Venture Capital (VC) fund, targetting start-ups that will fundamentally transform industries and economies through a robust scientific and research foundation.

“We believe that sustainable solutions are complex and interdisciplinary and require deep technical and market research. Capturing this value early enables us to impact long-term outcomes strategically. Investing in these technologies in select sectors can make a deep impact while generating high-risk adjusted returns,” according to Chirag Gupta, managing partner at 8X Ventures.

The VC fund seeks to bridge the critical gap in patient capital in deep-tech in the UAE and across the Middle East and North Africa (Mena) region.

“The fund has actively invested in India, the UK and Singapore. Once we invest, we work with them to scale their operations in the UAE and the wider region,” he said.

So far, 8X Ventures have made 12 investments.

“Out of these, five are deep-tech start-ups that are critical and relevant to the UAE and beyond,” he added.

Gupta lavished praise on the