Founded in 2017 with a $150m commitment, Crescent’s corporate venturing unit, CE-Ventures, has already invested more than $136m.
United Arab Emirates (UAE)-based industrial conglomerate Crescent Enterprises plans to double its corporate venture capital investments to Dh1bn ($272m) by next year.
Founded in 2017 with a $150m commitment, Crescent’s corporate venturing unit, CE-Ventures, has already invested more than $136m in 32 startups and VC funds around the world, including Tarabut Gateway, Hippo Insurance, China Union Pay, Nerdwallet and Turtlemint.
CE-Ventures said it would invest more in the financial, food, energy and software sectors.
Badr Jafar, CEO of Crescent…
