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Government
mbrinnovationfund.ae

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Investments

2

Funds

1

About Mohammed Bin Rashid Innovation Fund

Mohammed Bin Rashid Innovation Fund is a United Arab Emirates federal government initiative led by the Ministry of Finance. The Fund focuses on innovating regional and global companies in seven major sectors: renewable and clean energy, transportation, education, technology, healthcare, space and water.

Mohammed Bin Rashid Innovation Fund Headquarter Location

United Arab Emirates

+971 2 6990800

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Latest Mohammed Bin Rashid Innovation Fund News

Mohammed Bin Rashid Innovation Fund provides $1.36mn in funding to q-commerce tech startup Quiqup

Jun 14, 2022

The guarantee for a loan from MBRIF enables Quiqup to access affordable debt finance to continuously invest in their research and development capabilities and strengthen their innovative technology solution, as they plan to scale across the region

Mohammed Bin Rashid Innovation Fund Investments

2 Investments

Mohammed Bin Rashid Innovation Fund has made 2 investments. Their latest investment was in Quiqup as part of their Loan on March 3, 2022.

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Mohammed Bin Rashid Innovation Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/7/2022

Loan

Quiqup

$1.36M

Yes

6

10/31/2017

Grant

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10

Date

3/7/2022

10/31/2017

Round

Loan

Grant

Company

Quiqup

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Amount

$1.36M

New?

Yes

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Co-Investors

Sources

6

10

Mohammed Bin Rashid Innovation Fund Fund History

1 Fund History

Mohammed Bin Rashid Innovation Fund has 1 fund, including Mohammed Bin Rashid Innovation Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/29/2017

Mohammed Bin Rashid Innovation Fund I

$549M

1

Closing Date

10/29/2017

Fund

Mohammed Bin Rashid Innovation Fund I

Fund Type

Status

Amount

$549M

Sources

1

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