$3.4 Trillion GCC sovereign wealth funds' top investments into unicorns and high-growth companies.
Here are some of the biggest ones so you can focus & model your business after them if you want to learn from the best of the best:
1. Public Investment Fund (PIF) - Saudi Arabia:
Lucid Motors: PIF has invested over $1 billion in Lucid Motors, an electric vehicle company, helping it achieve unicorn status. Lucid has since gone public and remains a key player in the EV market.
Uber: PIF invested $3.5 billion in Uber before it went public, making it one of the largest shareholders in the company.
Magic Leap: PIF invested in Magic Leap, an augmented reality startup, which was valued as a unicorn before encountering some challenges.
2. Qatar Investment Authority (QIA):
BYJU'S: QIA has invested in Byju’s, an Indian edtech company, which became one of the most valuable edtech startups globally, with a valuation surpassing $16 billion.
Flipkart: QIA was an early investor in Flipkart, an Indian e-commerce giant, which was later acquired by Walmart at a valuation of over $20 billion.
Stripe: QIA participated in funding rounds for Stripe, a fintech company, contributing to its valuation as one of the most valuable unicorns globally.
3. Mubadala Investment Company - UAE:
Waymo: Mubadala invested in Waymo, the autonomous driving technology company under Alphabet, valuing it as a unicorn in the self-driving car space.
Reliance Jio: Mubadala invested $1.2 billion in Reliance Jio, a major telecommunications player in India, which was a unicorn before going public.
SpaceX: Mubadala has invested in SpaceX, Elon Musk’s aerospace manufacturer and space transportation company, which is valued at over $100 billion.
4. Abu Dhabi Investment Authority (ADIA):
GoTo Group: ADIA invested in the GoTo Group, the largest tech group in Indonesia, which formed from the merger of Gojek and Tokopedia. The company has a significant valuation in the unicorn space.
Snap Inc.: ADIA invested in Snap Inc., the parent company of Snapchat, before it went public, contributing to its valuation as a unicorn.
5. Oman Investment Authority (OIA):
Swvl: OIA invested in Swvl, an Egyptian mass transit and shared mobility provider, which achieved unicorn status before its listing on the Nasdaq.
6. Bahrain Mumtalakat Holding Company:
Lion Electric: Mumtalakat invested in The Lion Electric Company, a manufacturer of electric vehicles, contributing to its growth and eventual unicorn status before going public.
These investments reflect the strategic focus of GCC sovereign wealth funds on high-growth sectors such as technology, healthcare, fintech, and mobility, which are seen as vital for the future economic diversification of the region.
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