- Türkiye Technology Fund – ADQ TWF is part of the UAE’s commitment to investing in Türkiye
ADQ, an Abu Dhabi-based investment and holding company, and Türkiye Wealth Fund (TWF) today launched Türkiye Technology Fund – ADQ TWF, which will invest in venture capital funds and high-growth potential companies in Türkiye.
Building on the UAE’s platform to support strategic investments in Türkiye, Türkiye Technology Fund – ADQ TWF was launched byH.E. Mohamed Hassan Alsuwaidi, Managing Director and Chief Executive Officer of ADQ, and Arda Ermut, Chief Executive Officer and Board Member of TWF.
ADQ and TWF established the Fund to undertake investments in high-growth, Turkish start-ups with innovative business models. Türkiye Technology Fund – ADQ TWF will invest in companies developing emerging technologies or improving existing technologies in significant sectors such as energy and utilities, healthcare and life sciences, food and agriculture, mobility and logistics, financial services, and education.
In late 2021, the Turkish VC ecosystem reached its highest ever quarterly, half-yearly and yearly level of capital raised by local start-ups, which also accounted for 30 percent of all VC transactions closed and more than half of all capital deployed into start-ups across the Middle East and North Africa (MENA), Türkiye, and Pakistan.
Established in 2018, ADQ is an Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises. Its investments span key sectors of the UAE’s diversified economy including energy and utilities, food and agriculture, healthcare and life sciences, and mobility and logistics, amongst others. As a strategic partner of Abu Dhabi’s government, ADQ is committed to accelerating the transformation of the Emirate into a globally competitive and knowledge-based economy.
For more information, visit adq.ae or write to firstname.lastname@example.org. You can also follow ADQ on Twitter, Instagram and LinkedIn.
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