DIEZ Doubles Oraseya Capital Fund to AED 1 Billion in Dubai
The Dubai Integrated Economic Zones Authority (DIEZ) has doubled the venture capital fund managed by its investment arm, Oraseya Capital, from AED 500 million to AED 1 billion, strengthening its support for companies wit
The Dubai Integrated Economic Zones Authority (DIEZ) has announced a significant expansion of its investment arm, Oraseya Capital, doubling its venture capital fund from AED 500 million to AED 1 billion. This move aims to bolster Dubai's role as a global hub for venture capital and future industries, aligning with the objectives of the Dubai Economic Agenda, D33.
Expanded Investment Scope
Oraseya Capital's maximum investment per company has also increased from USD 3 million to USD 6 million (equivalent to AED 22 million). This allows the fund to participate in larger funding rounds and support companies at more advanced growth stages. Beyond that, the fund's investment scope now extends beyond UAE-linked companies to include global entities of strategic relevance to the country, broadening access to international opportunities.
His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ, highlighted that this expansion reflects confidence in Dubai's position as a technology hub and supports the directives to build a diversified, knowledge-based economy driven by innovation.
Supporting Founders Across All Stages
The fund is broadening its investment mandate to support founders across every stage of growth, including beyond Series B. This enables Oraseya Capital to back companies with proven business models and demonstrated growth potential, while continuing to support early-stage startups. The objective is to cultivate the next generation of 'unicorn' companies that contribute to Dubai's economy and reinforce its status as a global business hub.
Proven Track Record
Oraseya Capital has quickly established itself in the venture capital ecosystem, ranking as the UAE’s most active investor by deal count for three consecutive years, according to MAGNiTT. In H1 2026, it ranked first in the UAE for both overall deal count and early-stage investment activity, and second across the Middle East and North Africa.
Since its launch in November 2023, Oraseya Capital's portfolio has grown to 66 active companies, with an average of 25 investments annually. Companies in its portfolio have collectively raised USD 1.1 billion and seen their annual recurring revenue (ARR) grow from approximately USD 180 million at the time of investment to USD 387 million currently, with USD 140 million generated in the UAE.
Questions, answered
- What is the new size of the Oraseya Capital fund?
- The Oraseya Capital fund, managed by the Dubai Integrated Economic Zones Authority (DIEZ), has been doubled from AED 500 million to AED 1 billion.
- How much can Oraseya Capital now invest per company?
- Oraseya Capital's maximum investment per company has increased from USD 3 million to USD 6 million, which is equivalent to AED 22 million.
- What is the expanded scope of Oraseya Capital's investments?
- The fund will now invest in companies beyond those directly linked to the UAE, including global companies of strategic relevance to the country, and support founders across all stages of growth, including beyond Series B.
- What is Oraseya Capital's track record?
- According to MAGNiTT, Oraseya Capital has been ranked as the UAE's most active investor by number of deals for three consecutive years, and its portfolio comprises 66 active companies that have collectively raised USD 1.1 billion.
- What is the purpose of this fund expansion?
- The expansion aims to strengthen Oraseya Capital’s capacity to support companies with global growth potential, reinforce its role in the entrepreneurship and innovation ecosystem, and contribute to the objectives of the Dubai Economic Agenda, D33.
This brief was summarised and rewritten by Gaia Living from public reporting. Figures and details reflect the original sources.
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