Cayman Islands-based venture capital fund Constructor Capital has opened its first office in the Mena region.
The tech-focused firm’s new office is based in the UAE and is part of a strategy to focus on quantum technology.
Constructor Capital has acquired a significant stake in quantum computing startup QuEra, which is forecast to become a US$10 billion company within seven years, according to Constructor Capital.
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Matthias Winter, Managing Partner of Constructor Capital, said: “We are incredibly excited to open our office here in Abu Dhabi,” said Matthias Winter, managing partner of Constructor Capital.
“The Gulf region is fast growing, has a young population and provides an amazing ecosystem for tech companies and funds like ours.
“This why we decided to double down here and invest significant time and resources in the region,” said Winter.