Dubai-based telecommunications operator du has announced the launch of du Ventures, a $50 million venture capital fund aimed at supporting startups and emerging technologies across the region.
The initiative is designed to strengthen the company’s long-term digital strategy by investing in early-stage innovators that can enhance telecom services and accelerate digital transformation. The fund will be managed by regional investment firm Shorooq, which will oversee investment decisions and portfolio development.
The launch of du Ventures comes as corporate investment activity continues to grow in the United Arab Emirates, with more companies establishing venture arms to tap into new technologies and diversify revenue streams. The focus will primarily be on UAE-based startups, although the fund is expected to explore broader regional opportunities as well.
In a statement, du said the move reflects its commitment to fostering innovation within the telecommunications and digital sectors. Industry analysts note that such initiatives have become increasingly common among Gulf companies seeking exposure to fast-growing technology markets.
The announcement of du Ventures launches $50 million venture capital fund also comes amid shifting venture capital trends in the UAE, where funding activity has shown mixed performance despite strong investor interest in high-growth tech segments.
By partnering with Shorooq, du aims to leverage regional expertise in startup investment and strengthen its position within the evolving digital economy. The fund is expected to begin deploying capital in the coming months.
