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§ Venture Capital · Abu Dhabi, United Arab Emirates
A venture capital fund established by G42, investing in late-stage growth technology companies, focused on AI, cloud computing, and emerging tech.
42XFund operates as a technology investment manager, specializing in growth-stage companies at the intersection of deep technologies and diverse industries. The firm provides capital to accelerate the development and market penetration of innovative ventures. Its investment strategy focuses on critical sectors, including biotechnology, pharmaceuticals, and advanced software.
Established in 2022, 42XFund was formed through a strategic partnership between G42, a prominent Middle Eastern technology group, and the Abu Dhabi Growth Fund. This collaboration stemmed from the insight to combine G42's technological expertise with significant financial backing to fuel global innovation, recognizing vast potential within evolving tech landscapes.
42XFund primarily serves high-growth technology companies seeking substantial capital to scale operations and expand market presence. The firm’s long-term vision centers on accelerating global technological progress by investing in enterprises developing transformative solutions. It aims to foster a future where deep technological advancements drive significant industry evolution.
42XFund has 1 tracked investment across 1 company. The latest tracked deal is $200.0M Series D in eFishery in July 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 7, 2023 | eFishery | $200.0M Series D | 42xfund | — |