Money

DIEZ Launches $136 Mn VC Fund Oraseya Capital

The fund will support the growth of tech-enabled businesses and drive innovation.

By Inc.Arabia Staff
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Dubai Integrated Economic Zones’ (DIEZ) has launched the AED 500 mn ($136 mn) venture capital fund Oraseya Capital for tech businesses, DIEZ announced in a press release today.

The DIEZ-backed Oraseya Capital was launched to support the growth of tech-enabled businesses and drive innovation. Oraseya will provide companies with resources and guidance as well as foster collaboration between innovators and entrepreneurs, supporting pre-VC stage startups until Series B funding rounds.

DIEZ, which was established in 2021, consolidates products and services across Dubai Airport Free Zone, Dubai Silicon Oasis and Dubai CommerCity.

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