One of Biggest-Ever Tech Funds Wins Backing of UAE Royal’s Firm

A United Arab Emirates investment firm linked to an influential member of Abu Dhabi’s ruling family has emerged as a backer of one of the largest funds in venture capital history, joining forces with New York-based Alpha Wave to deploy $10 billion with a focus on India.

Chimera Capital, part of a business empire overseen by Sheikh Tahnoon Bin Zayed, said the Alpha Wave Ventures II Fund will target companies that have yet to go public, focusing on a range of assets from financial technology to artificial intelligence and life sciences.

Alpha Wave, originally named Falcon ...