JIMCO Technology Fund dedicated to advance emergent technology by building bridges to commercialization

The new JIMCO Technology Fund has been established to accelerate the progress of emergent technologies and breakthrough thinking across all (non-health) technology sectors.

One of three main pillars of the new Abdul Latif Jameel Investment Management Company (JIMCO), the Technology Fund comes in the 75^th anniversary year of one of the Middle East’s most renowned and respected privately owned diversified family businesses, consolidating the work of three generations in purposeful investing.

JIMCO, itself, brings together all non-operations investment for the Jameel Family into one dedicated division, distinct from the businesses that bear the noted Abdul Latif Jameel brand name and also distinct from the Jameel philanthropies (which include Bab Rizq Jameel, Community Jameel Saudi, Art Jameel and Community Jameel).

The JIMCO Technology Fund drives its ambition by both thoughtful and active participation in selected venture capital and public or private equity funds and directly in the some of the most promising start-ups and fledging technology enterprises.  Deliberately ‘evergreen’ in nature, the Fund enables rapid access to additional capital as necessary to rapidly participate in truly outstanding investment opportunities.

To-date, the Fund has focused on the rapidly evolving future of mobility, building upon Abdul Latif Jameel’s 65+ years of international experience in the automotive sector.

Before the current re-branding and consolidation into the JIMCO unit, this has included the Jameel Family being one of the founding investors in US-based electric adventure vehicle start-up RIVIAN, and more recently, JOBY Aviation’s highly publicized all-electric flying taxi personal transport solutions.*

The Fund also has an enthusiastic focus on the rapidly developing fintech and insurtech markets, particularly across the Middle East and North Africa and Turkey region, and, of course, beyond, as this sector is rapidly evolving and delivering solutions for businesses and consumers to both grow and more actively participate financially in the economic development of these regions.

Outside of MENA, the Fund continues to invest in top tier public and private equity and venture funds and top promising managers who have a clear investment thesis aligned with our own ambitions.

* through separate and distinct legal structures.