From Dealroom · · 40s
Mubadala Ventures Head Leaves for AI Fund
Ibrahim Ajami exits Mubadala Capital to launch Noha, a $500m AI fund with UAE backing.
In brief
Ibrahim Ajami exits Mubadala Capital to launch Noha, a $500m AI fund with UAE backing. Ibrahim Ajami, Mubadala Capital's head of ventures, leaves to launch Noha, a $500m AI fund targeting early-stage US startups with UAE capital. Originally reported by Dealroom.
Ibrahim Ajami's Departure
Ibrahim Ajami, head of ventures at Mubadala Capital, is set to leave the firm next year to launch his own fund, Noha.
Noha Fund Details
Noha targets $500 million with $500 million seed commitment from Mubadala, focusing on 90% early-stage US AI startups.
Strategic Shift
The move positions Noha as a spinout with institutional backing, linking UAE capital to US AI startups directly.
The bottom line
Ibrahim Ajami, Mubadala Capital's head of ventures, leaves to launch Noha, a $500m AI fund targeting early-stage US startups with UAE capital.
