The Investment Corporation of Dubai (ICD) is the principal investment arm of the Government of Dubai, established in 2006 to consolidate and manage the government's portfolio of commercial companies and investments across a broad range of sectors including banking, transportation, oil & gas, real estate, and hospitality.
Average disclosed round size is $315.9M (across 12 rounds with reported amounts).
Portfolio
9
Fund Size
—
Top Stage
Series C
Last 12 Mo
0
Team
BH
Bowen Han
Investment Associate Principal
GV
Gabriel von Bonsdorff
Senior Principal - Real Estate & Hospitality (Investments & Asset Management)
FC
Francois Cohas
Chief Investment Officer
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
15 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| IInari Agriculture | Growth | $144M | Jan 2025 |
 Slurrp Farm | Series C | — | Jan 2024 |
| Slurrp Farm | Series B | $7M | Jan 2022 |
 Inari Agriculture | Unknown | $208M | May 2021 |
 FreshToHome | Series C | $121M | Oct 2020 |
 Trustly | Growth | — | Jun 2020 |
| IInari Agriculture | Series C | $89M | Aug 2019 |
| Inari Agriculture | Series C | $89M | Aug 2019 |
 Indigo Agriculture | Series E | — | Sep 2018 |
| Inari Agriculture | Series B | $40M | Aug 2018 |
| Indigo Agriculture | Series D | $203M | Dec 2017 |
 Nanotronics | Series D | $30M | Oct 2017 |
| NNanotronics Imaging | Series D | $30M | Oct 2017 |
| Nanotronics | Unknown | $30M | Jan 2017 |
| DDubai Aerospace Enterprise | Unknown | $2.8B | — |
Top Co-Investors
Flagship Pioneering7 shared
G Squared5 shared
Alexandria Venture Investments4 shared
Founders Fund3 shared
EDBI3 shared
Baillie Gifford2 shared
Activant Capital2 shared
India Quotient2 shared
Fireside Investments2 shared
Neuberger Berman1 shared
First Ascent Ventures1 shared
Iron Pillar1 shared
GV1 shared
Crescent Enterprises1 shared
Investcorp1 shared
Allana Group1 shared
OrbiMed Asia1 shared
Last updated: 20 October 2026