Dubai Future District Fund Backs Over 190 Startups in 2024, Raises Over $1.65B

At its Annual General Meeting, the Dubai Future District Fund (DFDF), anchored by the Dubai International Financial Centre (DIFC) and the Dubai Future Foundation (DFF), shared key updates from its 2024 performance.
The meeting highlighted a year marked by strategic growth, closer alignment with Dubai's economic goals, and steps towards supporting a resilient and inclusive innovation environment.
The AGM also set the tone for DFDF's direction in 2025, which has been nationally designated as the Year of the Community.
In reference to the UAE's declaration of 2024 as the Year of Sustainability, DFDF reiterated its focus on long-term value creation, responsible innovation, and community-focused investment.
Over the course of the year, the Fund strengthened its partnerships with founders, investors and stakeholders addressing real-world challenges, reinforcing its dual role as both a capital provider and a facilitator within the broader ecosystem.
The Board of Directors reported that DFDF supported more than 190 portfolio companies through a combination of direct investments and 12 Fund of Funds initiatives.
These funds collectively secured over US$1.65 billion in capital commitments by the end of 2024.
The Fund also maintained its alignment with the Dubai Economic Agenda (D33), contributing to the development of the technology, talent and venture capital landscape in the region.
Khalfan Belhoul, Chairman of the DFDF Board of Directors and Chief Executive Officer of the Dubai Future Foundation, said:
'These achievements underscore the central role that the Dubai Future District Fund plays in driving the growth of Dubai's digital economy, one that thrives on innovation and leverages the latest future technologies across key sectors.'
In 2024, DFDF extended its efforts beyond investment, aiming to demonstrate the broader role of venture capital in fostering public and private collaboration and scalable innovation.
The Fund published a number of value creation case studies in cooperation with institutions across various sectors, underscoring its expanding function as a strategic enabler.
Engagements included exploratory partnerships with the Dubai Land Department and Dubai Health, designed to connect government priorities with startup-led solutions.
The Fund also piloted projects with Nestlé and AWS to identify opportunities for technology adoption and business enablement.
These activities form part of DFDF's wider aim to convert capital into tangible outcomes, supporting not only financial returns but also operational value, strategic direction and innovation capacity among stakeholders in the region's future economy.
Looking towards 2025, DFDF signalled a renewed emphasis on building connections across the innovation ecosystem, in line with the UAE's Year of the Community theme.
The Fund aims to enhance linkages between founders and funders, startups and regulators, and regional and global networks.
'Innovation thrives not in isolation, but within inclusive, connected communities,'
said Arif Amiri, DFDF Board Member and Chief Executive Officer of DIFC Authority.
'As the Fund continues to position Dubai as a global pioneer for innovation, we are more committed than ever to cultivating collaboration with partners globally who are also committed to driving future economic growth.'
For 2025, DFDF will focus on expanding capital deployment, prioritising investments that contribute to ecosystem development and economic resilience.
It also plans to increase engagement across the innovation community, using dedicated platforms to bring together leading founders, investors, operators and policymakers.

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