Sovereign wealth fund
Abu Dhabi Investment Authority portfolio
adia.aeAbu Dhabi Investment Authority is a sovereign wealth fund based in Abu Dhabi, United Arab Emirates, founded in 1976. It has invested in 19 venture-backed companies across 21 funding rounds on VCMC, and led 5 of those rounds. 3 of them were in the last 12 months.
19
Venture-backed companies
in its portfolio on VCMC
21
Funding rounds
led 5
3
Last 12 months
rounds, Oct 2025 to Sep 2026
10
With a disclosed valuation
of 19 companies
$159.9B
Combined value of its private companies
the whole companies, not what Abu Dhabi Investment Authority owns
19 private companies Abu Dhabi Investment Authority has backed have a VCMC valuation; together they are worth $159.9B. That is the value of the whole companies, not what Abu Dhabi Investment Authority owns. Froneri is 28% of the total. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Full Abu Dhabi Investment Authority portfolio (19 companies)
19 companies.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Vantage Data Centers Data Solutions · led at Growth, 2025 | Growth Equity Sep 2026 $2.00B | $25.8B | $18.0B – $39.9B | $28.1B (+9%) | $2.5B | 0% | 2,614 | growing | B | |
| 2 | The Ardonagh Group Insurance - Agents, Carriers & Brokers · since Growth, 2025 | Growth Equity Jun 2025 $2.50B | $11.1B | $9.3B – $14.0B | $5.6B (-49%) | $1.2B | 97% | 401 | shrinking | A | |
| 3 | cinch Automobile Dealers & Manufacturers · since Growth, 2021 | Seed Jan 2022 $3.0M | $98.4M | $26.1M – $370M | $98.4M (0%) | – | 32% | 430 | flat | D | |
| 4 | Egis Civil Engineering Services · since Growth, 2025 | Growth Equity Jul 2025 $1.18B | $12.1B | $7.1B – $19.8B | $9.6B (-21%) | $1.3B | 59% | 15,615 | up | B | |
| 5 | Waabi Tech Companies · since Series C, 2026 | Series C Jan 2026 $750M | $6.8B | $4.0B – $10.5B | $7.4B (+9%) | $812M | 0% | 352 | growing | B | |
| 6 | Yinson Oil & Gas - Extraction & Distribution · since Growth, 2025 | Growth Equity Jun 2025 $1.00B | $4.1B | $2.6B – $4.7B | $4.1B (0%) | $425M | 0% | 2,015 | flat | A | |
| 7 | Yinson Production Oil & Gas - Extraction & Distribution · since Growth, 2025 | Growth Equity Jan 2025 $1.00B | $4.5B | $2.7B – $5.2B | $4.5B (0%) | $464M | 0% | 820 | up | B | |
| 8 | Inari Biotechnology · since Growth, 2025 | Growth Equity Jan 2025 $144M | $1.4B | $738M – $2.5B | $1.0B (-26%) | $167M | 71% | 495 | down | C | |
| 9 | Megvii Tech Companies · since Series D, 2019 | Series D May 2019 $750M | $591M | $277M – $3.5B | $591M (0%) | $658M | 97% | 414 | down | D | |
| 10 | Tessera Therapeutics Biotechnology · since Series C, 2022 | Grant Oct 2025 $41M | $420M | $206M – $1.8B | $361M (-14%) | $437M | 97% | 210 | shrinking | D | |
| 11 | Lila Sciences Tech Companies · since Seed, 2025 | Series A Jun 2026 $350M | $2.7B | $1.5B – $5.4B | $3.8B (+43%) | $534M | 0% | 535 | unknown | C | |
| 12 | Purplle Cosmetics Stores · led at Growth, 2024 | Series F Oct 2024 $180M | $1.8B | $1.2B – $2.0B | $1.3B (-28%) | $222M | 0% | 1,880 | growing | A | |
| 13 | Ice Cream · since Growth, 2026 | Growth Equity Jun 2026 $4.20B | $44.3B | $28.2B – $71.9B | $47.2B (+6%) | $4.6B | 0% | 1,558 | flat | B | |
| 14 | Tech Companies · since Series D, 2024 | Series D Aug 2024 $225M | $5.0B | $1.6B – $8.5B | $3.4B (-31%) | $683M | 36% | 489 | unknown | C | |
| 15 | Insurance - Agents, Carriers & Brokers · led at Series B, 2022 | Growth Equity May 2025 $2.10B | $33.3B | $23.6B – $40.3B | $29.5B (-11%) | $3.2B | 30% | 4,959 | up | A | |
| 16 | Tech Companies · since Series C, 2023 | Series D Oct 2024 $62M | $588M | $291M – $1.2B | $425M (-28%) | $108M | 97% | 167 | down | C | |
| 17 | General Retail & Merchandise · led at Series E, 2022 | Series E Feb 2022 $45M | $1.5B | $268M – $2.6B | $1.4B (-6%) | $315M | 14% | 1,677 | up | D | |
| 18 | Biotechnology · since Series B, 2022 | Series B Aug 2022 $200M | $1.7B | $445M – $4.1B | $1.7B (-1%) | $307M | 5% | 70 | growing | D | |
| 19 | Electronical Components Manufacturing · since Series D, 2025 | Series D Sep 2025 $140M | $2.2B | $1.0B – $3.3B | $2.2B (0%) | $239M | 0% | 53 | down | B |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Abu Dhabi Investment Authority invests: stages, industries and countries
Most of its rounds are Series C and later (81%). Its companies span 11 industries, most in Tech Companies, Biotechnology and Insurance - Agents, Carriers & Brokers, across 8 countries.
Rounds by stage
- Seed 1
- Series A 1
- Series B 2
- Series C and later 17
Investments by industry
- Tech Companies 5
- Biotechnology 3
- Insurance - Agents, Carriers & Brokers 2
- Oil & Gas - Extraction & Distribution 2
- Automobile Dealers & Manufacturers 1
- Civil Engineering Services 1
- Cosmetics Stores 1
- Data Solutions 1
Investments by country
- United States 9
- United Kingdom 3
- India 2
- Canada 1
- China 1
- France 1
Recent rounds
Abu Dhabi Investment Authority's latest investments
Abu Dhabi Investment Authority's most recent funding rounds, newest first. 3 rounds in the last 12 months.
- Growth $4.20B 15 Jun 2026
- Lila Sciences Series A $350M 4 Jun 2026
- Waabi Series C $750M 28 Jan 2026
- Series D $140M 22 Sep 2025
- Vantage Data Centers Growth, led $1.60B 10 Sep 2025
- Egis Growth $1.18B 7 Jul 2025
- The Ardonagh Group Growth $2.50B 30 Jun 2025
- Yinson Growth $1.00B 17 Jun 2025
- Lila Sciences Seed $200M 9 Mar 2025
- Yinson Production Growth $1.00B 14 Jan 2025
Co-investors
Abu Dhabi Investment Authority's top co-investors
The investors that most often join the same rounds as Abu Dhabi Investment Authority. Premji Invest leads, with 2 rounds together.
- Premji Invest 2 rounds together
- 2 rounds together
- General Catalyst 2 rounds together
- GIC 2 rounds together
- 2 rounds together
About
About Abu Dhabi Investment Authority
Abu Dhabi Investment Authority is a United Arab Emirates sovereign wealth fund that manages and invests the emirate's excess oil reserves. The authority operates as a global investor, overseeing a diversified portfolio that includes equities, fixed income, hedge funds, real estate, private equity, infrastructure, and financial alternatives. It manages assets across major global markets, with a significant presence in developing markets. The authority is a member of the International Forum of Sovereign Wealth Funds and participates in initiatives related to climate change analysis and responsible investing.
Description from Veridion's company data.
- Founded
- 1976
- Based in
- Abu Dhabi, United Arab Emirates
- Team
- 2,046 people, +5% in a year
- Type
- Sovereign wealth fund
Focus markets
- Real Estate
- Infrastructure
- Financial Services
- Government
What Abu Dhabi Investment Authority offers
- Global Investment Portfolio Management
- Equities Investment Management
- Fixed Income Investment Management
- Hedge Fund Investment Management
- Real Estate Investment Management
- Private Equity Investment Management
- Infrastructure Investment Management
- Financial Alternatives Investment Management
Questions
Abu Dhabi Investment Authority: frequently asked questions
How many companies has Abu Dhabi Investment Authority invested in?
19 venture-backed companies on VCMC, across 21 funding rounds.
What are Abu Dhabi Investment Authority's most valuable private companies?
Froneri ($44.3B), Acrisure ($33.3B), Vantage Data Centers ($25.8B), by VCMC's valuation.
What was Abu Dhabi Investment Authority's latest investment?
Froneri, a Growth round in Jun 2026 of $4.20B.
Which stages does Abu Dhabi Investment Authority invest in?
Abu Dhabi Investment Authority invests most often at Series C and later (17 rounds), followed by Series B (2) and seed (1). It has also joined 1 Series A round.
What is Abu Dhabi Investment Authority's portfolio worth?
Its private companies with a VCMC valuation are worth $159.9B together. That is the sum of the companies' values, not what Abu Dhabi Investment Authority owns.
Who does Abu Dhabi Investment Authority invest alongside?
Premji Invest (2 rounds), Blume Ventures (2 rounds), General Catalyst (2 rounds).