Taronga Ventures’ Post

JUST IN: Exciting lineup of speakers announced for @StartupsWithoutBorders Summit in Cairo. Join us for groundbreaking discussions on innovation and investment. Don't miss out! #Cairo #Egypt #Innovation #Investment #TheReportify Share your thoughts below. To learn more and read the complete story, click on this link. https://lnkd.in/gSE4Jpaa

In our quest to identify investment opportunities for the esteemed family offices of the Gulf region, I make it a point to delve into the dreams of startup founders and how they align with our clients' investment strategies. In this realm, there are no inherently good or bad business dreams; rather, they reflect different sets of life values. At Rahim Invest, we firmly believe that every innovation requires institutional backing to seize market opportunities. It's not merely about disruption of technology it's about having a grand vision that resonates with the long-term goals of your key investors, ensuring that their investment becomes truly "smart money" for your startup. For instance, we focus exclusively on DeepTech startups with an ESG framework and the potential for venture-scale returns ranging from 15 to 30 times. while some investors seek solid cash generators, our clients are more interested in technological transfer into their countries. Given our presence in inherently diverse countries like Saudi Arabia, the UAE, Qatar, and Oman, it's evident that the DeepTech technologies sought after vary significantly. What appeals to family offices in Saudi Arabia may not necessarily align with the preferences of Qatari investors. Notably, not all our investors are solely interested in fostering innovation within their country. Some are keen on co-investing and participating in board management alongside top-tier USA institutional investors, even if it involves higher-risk assets, with the aim of becoming shareholders in NASDAQ IPO unicorns within 3 to 4 years. Preparing my speech for a professional conference in Riyadh, Saudi Arabia, in several months, I catched my self on the thought that it could be an onother example of the differing mentalities between the East and West. For instance, during the liquidity crisis in the US venture market, American startup founders began pitching in the Gulf region. While they may have theoretically grasped the need for a different negotiation approach in this region, the reality is quite distinct. They may have anticipated slower negotiations, but Gulf negotiations transcend mere speed; they embody a profound focus on values, substantiated by compelling arguments taking in mind the diverse investment paradigms. Looking forward to discussions on investment management with global leaders in Riyadh, I invite you to engage in a dialogue surrounding the business challenges encountered on your journey as an investor or fundraiser. Let's collaborate to ignite a high-value discourse that deepens our understanding of each other and propels us toward mutual success. #gulfregion #mena #investments #esg #deeptech #sustainablevalues #innovations

Exciting news for the investment landscape in Saudi Arabia! The Private Capital Forum 2024 is set to take place on October 6 and 7 at the prestigious Four Seasons Hotel in Riyadh. This event underscores the significant growth of private capital investments in the region, showcasing Saudi Arabia's emergence as a dynamic global economy driven by innovation and entrepreneurship. The forum's objective is to boost local private sector involvement, furthering localization initiatives and bolstering stable supply chains across key industries. This strategic move aligns perfectly with the goals of Vision 2030, Saudi Arabia's roadmap to diversify the economy and promote sustainable development. By hosting such forums, the Kingdom is creating a robust ecosystem for startups and SMEs, laying a strong foundation for future economic success. #SaudiArabia #PrivateCapital #InvestmentForum #Vision2030 #EconomicDevelopment

UAE Capital making waves… Abu Dhabi has been recognized as the richest city in the world, overseeing an impressive $1.7 trillion through its Sovereign Wealth Funds (SWFs), including major players like the Abu Dhabi Investment Authority (ADIA) and Mubadala. This immense wealth not only solidifies its financial dominance but also highlights its significant role in global investment. It’s encouraging to see the potential of Abu Dhab’s framework in Driving impactful investment across africa. Beyond capital, Abu Dhabi leads the sector with over 3,100 professionals employed within its SWFs, the highest globally. Strategic investments and oil-driven surpluses have further cemented its position as a major economic powerhouse.

Mubadala Investment Company, Abu Dhabi's sovereign investor, showcased remarkable growth in its assets under management (AUM) in 2023, reaching Dh1.11 trillion ($302.2 billion), marking a significant 9.5% increase from the previous year. This surge was fueled by strategic investments in key sectors such as artificial intelligence, life sciences, and clean energy, reflecting Mubadala's commitment to shaping the future economy. The company's proactive approach to investing led to significant deployments, with Dh89 billion allocated to sectors driving innovation and growth globally. Noteworthy investments include ventures in AI, digital infrastructure, and clean energy, alongside the expansion of its private credit business. Mubadala demonstrated agility in capitalizing on market opportunities, executing a monetization strategy that generated Dh99 billion in total proceeds for the year. This involved divesting certain legacy assets and reallocating capital into priority investment areas aligned with its forward-looking vision. The company's portfolio mix remained diverse, with significant investments in private equity, public markets, real estate, and infrastructure. This balanced approach reflects Mubadala's commitment to maximizing returns while mitigating risks across different asset classes. Key partnerships and acquisitions further strengthened Mubadala's global footprint. Ventures such as the acquisition of Fortress Investment Group, investments in Aligned and GlobalConnect, and the expansion of its presence in Asia underscored its commitment to strategic growth across diverse markets. Moreover, Mubadala's focus on responsible investing and impact-driven initiatives highlighted its role as a catalyst for progress. Collaborations with Abu Dhabi's technology group G42 resulted in the establishment of innovative businesses like Space42 and M42, contributing to the UAE's transformation in space technology and healthcare. In line with its growth trajectory, Mubadala continued to explore emerging opportunities, particularly in high-potential regions like North America, Asia, and Europe. By leveraging its expertise and resources, the company aims to double the size of its portfolio in the coming decade, further diversifying Abu Dhabi's economy and solidifying its position as a global investment powerhouse. #InvestmentGrowth #FutureEconomy #Ventures #Economy #Finance

Riyadh's Tech Scene Set for Monumental $100M Investment A groundbreaking partnership between #GulfCapital and #RDIA pledges a $100 million boost to Riyadh's burgeoning tech industry. This strategic alliance is set to propel #Saudi firms and attract global innovators, reinforcing the Kingdom's #Vision2030 objectives. For more information, visit Saudi Business News. Link in bio. #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia #TechInvestment #Innovation #EconomicGrowth #HealthcareTech #Fintech #SustainableEnergy #GlobalGrowthStory

Global growth equity firm General Atlantic, known for early-stage investments in major tech companies like #Facebook and Uber, has opened its first office in the #MiddleEast, selecting #SaudiArabia as its base to deepen regional engagement and investment. Led by Ziad Bashen, the new office aims to enhance General Atlantic’s investment footprint across the region, focusing on technology, healthcare, financial services, consumer, and climate-related sectors. With over $80 billion in managed assets, General Atlantic has been active in the Middle East, #NorthAfrica, and #Turkey since 2012, investing around $1 billion across the region, including backing UAE-based Network International and Property Finder, as well as Saudi eyewear company eyewa. The firm’s entry into Saudi Arabia underscores its commitment to working closely with local entrepreneurs and contributing to the region’s thriving startup ecosystem. To further support its ambitions, the firm appointed Samir Assaf as head of its Middle East and North Africa division last year, underlining its focus on building relationships with regional investors, including influential sovereign wealth funds managing assets exceeding $4 trillion. General Atlantic joins a growing roster of global firms, such as BlackRock, TBG Capital, Ardian, and CVC CAPITAL PARTNERS LIMITED, that have increased their presence in the Middle East to tap into local capital and investment opportunities. https://lnkd.in/dQd5dxZF

UAE-Russia Investment Forum 2024. Dubai will host the UAE-Russia Investment Forum 2024 on October 1 at the Millennium Hotel Dubai. The event will bring together decision-makers, experts, and entrepreneurs to address challenges and explore investment opportunities across various sectors, including real estate, trade, technology, tourism, and hospitality. Mubarak Salem Al-Atshan Al-Mansouri, Senior Advisor at Abu Dhabi City Municipality, highlighted Dubai's dynamic investment environment, noting the city's achievements in creating a conducive legal and operational framework for businesses. Imad Al-Halibi, Managing Director of the UAE-Russia Investment Forum, emphasized the forum's focus on reviewing investment trends, developments, and their impact on regional economies. He praised Dubai's role as a global investment hub, known for its modern infrastructure and welcoming environment for startups and investors. Nidal Al-Sheikha, Director of the "Novotek" Group, which is organizing the forum, noted that the event aims to discuss the latest investment trends and their contributions to sustainable development, reflecting Dubai's position as a center for economic and cultural and exchange. #UAErussianinvestmentforum #Dubairussiainvestment #Uaeinvestment #Dubaiinvestment #Dubaiinvestors #Russianinvestors #dubairealestate #oliveshomes #UAE #CEO #investors #Businessowners #starups #entrepreneur #tourism #economic #Novotek

The vision and dedication of Abu Dhabi’s investment leaders are driving the UAE to a promising future. H.E. Majid Al Suwaidi, Murtaza Hussain, Dhaen Al Hameli, Gil Adotevi and Mohammed AlBadr are not just influencing local economic growth—they’re building a legacy of sustainable development and global impact

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