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European founders searching for contemporary capital typically chase deep-pocketed US traders — however latest years have seen them more and more turning their consideration to the opposite aspect of the globe.
Gulf nations, which have loads of capital mendacity in sovereign wealth funds and company VCs, have gotten enticing traders for startups and scaleups (and VCs) on the continent.
In 2023, whole funding from Gulf nations in European startups amounted to $3bn, in line with Dealroom knowledge — about 5% of whole funding raised within the area. That’s nearly a 5x leap from 2018, when the identical nations invested simply $627m in Europe.
It’s a welcome injection of money, particularly for growth-stage corporations struggling to seek out well-endowed traders nearer to house: over two-thirds of the capital invested by the Gulf in 2023 involved funding rounds over $100m.
investments from Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE), Sifted has listed probably the most lively Gulf traders in Europe up to now two years, primarily based on the variety of funding rounds they participated in.
1/ Mubadala Capital
HQ: Abu Dhabi, UAE
Newest fund: Final October, Mubadala closed its second Brazil-focused fund at $710m.
Deal depend in Europe up to now 2 years: 13
Notable investments: Klarna, TIER, Juni
Mubadala Capital is a subsidiary of the sovereign wealth fund Mubadala Funding Firm, whose sole shareholder is the Authorities of Abu Dhabi. It invests throughout a number of asset lessons and geographies, together with non-public fairness, VC and various options. On the VC aspect of issues, Mubadala Capital invests globally into early-stage and early-growth corporations throughout all sectors, with a give attention to healthcare.
2/ Aramco Ventures
HQ: Dhahran, Saudi Arabia
Newest fund: Aramco introduced a $1.5bn sustainability fund in 2022. Extra lately, the oil and fuel firm dedicated a further $4bn to its VC department, bringing whole funding capabilities to $7bn by 2027.
Deal depend in Europe up to now 2 years: 11
Notable investments: Carbon Clear Options, ANYbotics
Aramco Ventures is the enterprise capital arm of the state-owned Saudi Arabian oil and fuel big Aramco. It invests from early to progress levels in companies which have strategic worth for the corporate. In follow, investments are unfold throughout three pots: an environment-focused sustainability fund; a digital and industrial fund; and a fund known as Prosperity7, which targets new applied sciences in sectors exterior of vitality.
3/ Ventura Capital
HQ: Dubai, UAE
Newest fund: Ventura closed a $150m fund in January 2022.
Deal depend in Europe up to now 2 years: 9
Notable investments: Coursera, Spotify
Cut up between Dubai, London and Tokyo, VC agency Ventura Capital has a global base of restricted companions (LPs) made up of institutional traders and household places of work. It’s sector-agnostic and invests in corporations at progress stage and all the way in which to public providing.
4/ Qatar Funding Authority
HQ: Doha, Qatar
Newest fund: Undisclosed
Deal depend in Europe up to now 2 years: 6
Notable investments: Infarm, Celonis, Checkout.com
Qatar Funding Authority (QIA) is the sovereign wealth fund of the state of Qatar. It was set as much as diversify the nation’s financial system and invests throughout completely different property — equivalent to non-public and public fairness, infrastructure and actual property — but in addition sectors and geographies. The fund’s portfolio contains investments in tech startups spanning healthcare, shopper and business.
5/ MetaVision Dubai
HQ: Dubai, UAE
Newest fund: Raised in 2022, undisclosed dimension.
Deal depend in Europe up to now 2 years: 6
Notable investments: Kinetix, Ngrave, Cathedral Studios
MetaVision is a brand new VC fund that targets seed to Sequence A startups specializing in the metaverse and Web3. It raised its first fund — of an undisclosed dimension — in 2022 and writes tickets of as much as $50k.
6/ Investcorp
HQ: Manama, Bahrain
Newest fund: It was reported final yr that Investcorp had raised a $750m local weather fund with anchor investing from Bahrain sovereign wealth fund Mumtalakat Holding Co.
Deal depend in Europe up to now 2 years: 6
Notable investments: Terra Quantum, TruKKer, Fleetmatics
Investcorp is a long-established investor with numerous methods spanning non-public fairness, actual property, infrastructure and credit score administration. Inside non-public fairness, it backs corporations globally and has a workforce devoted to rising European tech companies. It focuses on mid-sized B2B companies which have not less than $10m in income.
7/ Chimera Capital
HQ: Abu Dhabi, UAE
Newest fund: In 2022, Chimera introduced it had closed its second VC fund at $10bn, which is co-managed with US asset supervisor Alpha Wave International. Extra lately, it arrange a subsidiary known as Lunate to handle a $50bn fund that may embody VC investments.
Deal depend in Europe up to now 2 years: 4
Notable investments: CMR Surgical, Neat Burger
Chimera Capital is an funding agency that’s a part of a enterprise conglomerate held by Sheikh Tahnoun bin Zayed Al Nahyan, the UAE’s nationwide safety adviser and a distinguished member of the royal household. It invests worldwide from Sequence B onwards and is sector-agnostic.
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