Crescent Enterprises Launches US$ 150 Million Corporate Venture Capital Division

Crescent Enterprises yesterday launched a corporate venture capital arm, with plans to invest US$ 150 million over the next three years, making it one of the largest corporate venture units in the Middle East and North Africa.

The announcement was made by Crescent Enterprises CEO, Badr Jafar, who was speaking on a keynote panel along with Abraaj Group CEO Arif Naqvi and Wamda Executive Chairman Fadi Ghandour, during the Sharjah Entrepreneurship Festival, currently underway at the Sharjah Golf and Shooting Club.

Over the years, Crescent Enterprises has made strategic investments in funds such as the Abraaj Group, Growthgate Capital, Wamda Capital, and TVM Healthcare, to name a few. The Company also launched in-house incubator, CE-Ventures, which is committed to incubating financially-sustainable and socially-conscious businesses. This new venture capital arm, CE-VC will focus on strategic direct investments in early to later-stage start-ups across the world.