Swiss CV VC and UAE Elixir to grow Blockchain and AI ecosystem in UAE
Swiss headquartered global technology startup investor and ecosystem builder CV VC with its CV Labs ecosystem business pillar, has merged with UAE based accelerator Elixir in efforts to meet the demand for early stage blockchain, AI and digital economy acceleration services operating in and from the UAE.
As per the press release at the time, the move was in alignment with CV VC’s international investment, acceleration and ecosystem building activities with Elixir’s region presence in Abu Dhabi. CV VC with CV Labs, has already made 80 investments in blockchain startups.
This is part of CV VCs strategy to operate across interconnected and regulated jurisdictions, and it currently has operations in Liechtenstein, South Africa, the UK, Dubai, Germany and Portugal.
“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,” said Mathias Ruch, Founder and CEO of CV VC.
CV VC will expand Elixir’s Abu Dhabi-based team and network, contributing its global Web3 investment and ecosystem expertise while linking Elixir to CV VC’s international hubs. Elixir will continue to deliver founder programmes in Abu Dhabi and beyond, including powering the Digital Assets Programme at Hub71, Abu Dhabi’s global technology ecosystem.
Rachel Herauf, Head of Founder Services at Elixir, added, “Abu Dhabi’s capital strength and long-term vision for digital assets is increasingly attracting founders building globally relevant companies. CV VC’s global insight and network will significantly strengthen our ability to support these new builders.”
