CV VC and Elixir merge to promote future technologies in the UAE

(CONNECT) Technology startup investor and ecosystem developer CV VC from Zug is joining forces with the Abu Dhabi-based accelerator Elixir Capital. According to a statement, the merger aims to promote early-stage funding for internationally connected blockchain, artificial intelligence (AI), and digital economy acceleration services in the UAE. The merger combines CV VC's international investment, funding, and ecosystem development activities with Elixir's regional presence in Abu Dhabi.

“By combining our global footprint investor experience with Elixir’s regional depth, and building on the UAE’s regulatory clarity and international reach, we aim to support founders developing scalable technology based ventures in and from the region for global markets,” Mathias Ruch, Founder and CEO of CV VC, is quoted as saying. 

CV VC will expand Elixir's team and network in Abu Dhabi and contribute its global expertise in Web3 investments and ecosystems. At the same time, Elixir will be connected to CV VC's international locations in Switzerland, Liechtenstein, South Africa, the United Kingdom, Dubai, Germany, and Portugal. Among other initiatives, Elixir will reportedly continue to offer founder programs in Abu Dhabi, where it will also support the Digital Assets Program at Hub71.

“Abu Dhabi’s capital strength and long-term vision for digital assets is increasingly attracting founders building globally relevant companies,” added Rachel Herauf, Head of Founder Services at Elixir. “CV VC’s global insight and network will significantly strengthen our ability to support these new builders.” ce/nta