The UAE’s Dubai Future Fund (DF2) is on track to close an additional $300 million in funding by Q3 this year to invest in the region’s VCs and startups, its CEO Sharif El-Badawi shared in an interview with DealStreetAsia.
The funds will be raised from Emirati government entities and government-backed corporates and represents the first out of three tranches of capital injections aimed at bringing DF2’s total assets under management to $1 billion by 2024.