Abu Dhabi's Chimera closes second venture capital fund at $10 billion

25/1/2022 10:08:00 AM

Abu Dhabi's Chimera closes second venture capital fund at $10 billion

Abu Dhabi's Chimera closes second venture capital fund at $10 billion

DUBAI : Abu Dhabi investment firm Chimera Capital said on Tuesday it closed its second venture capital (VC) fund at $10 billion, as it looks to find multi-million dollar opportunities in 'growth-stage' companies.The new fund, Alpha Wave Ventures II, will focus on the financial tech, artificial intelligenc

DUBAI : Abu Dhabi investment firm Chimera Capital said on Tuesday it closed its second venture capital (VC) fund at $10 billion, as it looks to find multi-million dollar opportunities in"growth-stage" companies.The new fund, Alpha Wave Ventures II, will focus on the financial tech, artificial intelligence, life sciences, consumer internet and business to business sectors. Chimera said. The $10 billion fund is co-managed with U.S. alternative asset manager Alpha Wave Global, formerly known as Falcon Edge Capital.

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