# The Ultima Ventures

> The Ultima Ventures is a VC fund in Dubai backing Software and Artificial Intelligence. See 8 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Dubai, United Arab Emirates
- Total investments: 8
- Last investment: Nov 2024
- Lead investor: 0%
- Last updated: Aug 2026
- Website: https://theultima.com/

The Ultima Ventures is a VC fund in Dubai focused on Software and Artificial Intelligence. We invest in late stage fast growing technology companies in the USA, MENA, Europe and APAC. The Ultima is a leading financial group in with over $6B in AUM. The group has more than 800,000 retail and corporate clients and presence in Hong Kong, New York, Dubai and Limassol.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 3 | 38% |
| Artificial Intelligence | 3 | 38% |
| FinTech | 2 | 25% |
| Payments | 2 | 25% |
| Financial Services | 2 | 25% |

35 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Secondary Market | 3 | 38% |
| Series E | 2 | 25% |
| Debt Financing | 1 | 13% |
| Private Equity | 1 | 13% |
| Venture - Series Unknown | 1 | 13% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 3 | 38% |
| United Kingdom | 2 | 25% |
| Singapore | 1 | 13% |
| Switzerland | 1 | 13% |
| United Arab Emirates | 1 | 13% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| CoreWeave | CoreWeave offers GPU-based compute resources, storage, and networking capabilities optimized for training and deploying machine learning models. Its platform includes Kubernetes-based environments, managed software services, and tools for monitoring system performance and cluster health. It enables organizations to run large-scale AI workloadsthrough dedicated infrastructure and configurable deployment options. The company supports developers and enterprises by providing scalable resources aligned with the requirements of data-intensive and compute-intensive applications. | $650M | Secondary Market | Nov 13, 2024 |  |
| Epic Games | Epic Games is an American video game and software company that creates games and offers its game engine technology to other developers. It specializes in developing games and engine technology and operates a game store that empowers others to make quality games and 3D content, thereby providing game developers the ability to build high-fidelity,interactive experiences for PC, console, mobile, and virtual reality devices. |  | Secondary Market | Feb 20, 2024 |  |
| Telegram | Telegram is a messaging app with a focus on privacy, security, and speed. You can use Telegram on all your devices at the same time — your messages sync seamlessly across any number of your phones, tablets, or computers.With Telegram, anyone can send messages, photos, videos, and files of any type (doc, zip, mp3, etc), as well as create groupsfor up to 5000 people or channels for broadcasting to unlimited audiences. The user can write to its phone contacts and find people by their usernames. As a result, Telegram is like SMS and email combined — and can take care of all personal or business messaging needs. | $210M | Debt Financing | Jul 18, 2023 |  |
| Rapyd | Rapyd is a payments platform that inserts fintech services into any app and simplifies the complex offering of local payment methods.It enables e-commerce merchants, gig platforms, challenger wallets, remittance platforms, online lenders, and traditional banks to break free of their old infrastructure and limitations and create newmobile-friendly solutions. By utilizing Rapyd's payments network and Fintech-as-a-Service platform, businesses and consumers can engage in local and cross-border transactions in any market. The Rapyd platform unifies the fragmented payment systems by bringing together 900-plus payment methods in over 100 countries. Investors such as Stripe, General Catalyst, Oak FT, Coatue, Tiger Global, Durable Capital, Target Global, and TaL Capital backs the company.In 2016, Arik Shtilman, Arkady Karpman, and Omer Priel established the company in London, England. |  | Secondary Market | Mar 13, 2022 |  |
| Alto Pharmacy | Alto is America’s leading digital pharmacy, transforming a $500 billion industry. Founded in 2015, Alto’s better pharmacy model is centered on the critical role of pharmacists as the final link in a person’s health journey. Alto combines expert pharmacist care with purpose-built technology to deliver a more convenient and affordable experience forthose who need medication. To date, Alto has fulfilled more than three million prescriptions, expanded to twelve markets, and built a mobile app experience that makes it easier than ever to manage medications and chat with a pharmacist. As Alto continues its rapid growth, it remains customer obsessed, with an industry-leading NPS score of 86. | $200M | Series E | Jan 27, 2022 |  |
| Curve | Curve is a banking platform that consolidates cards and accounts into one smart card and app.It allows customers to supercharge their legacy banks to the 21st century without leaving their bank or topping-up. Curve offers a host of benefits to its customers; it makes cards fee-free when spending abroad, get instant notifications andcategorization of spend, earn an instant 1% cashback at the likes of Amazon, Uber, Netflix and Sainsbury’s and Time Travel enables customers to swap spend to a different card in the app for up to two weeks after the purchase was made. Curve also offers Curve Customer Protection, a policy that covers all credit and debit card payments made via the Curve card up to £100,000, giving cardholders an extra layer of protection for disputes with merchants and any unauthorised use of their Curve card. IDC Ventures backs Curve with Fuel Venture Capital, Vulcan Capital, OneMain Financial, and Novum Capital backs Curve.Shachar Bialick, Anna Mostyn Williams, and Tom Foster-Carter established the company in London, England in 2015. |  | Venture - Series Unknown | Nov 01, 2021 |  |
| Acronis | Acronis is majority-owned/controlled by EQT. Acronis is a global cyber protection company that provides natively integrated cybersecurity, data protection, and endpoint management for managed service providers (MSPs), small and medium businesses (SMBs), and enterprise IT departments. Acronis solutions are highly efficient and designed toidentify, prevent, detect, respond, remediate, and recover from modern cyberthreats with minimal downtime, ensuring data integrity and business continuity. Acronis offers the most comprehensive security solution on the market for MSPs with its unique ability to meet the needs of diverse and distributed IT environments.A Swiss company founded in Singapore in 2003, Acronis has 15 offices worldwide and employees in 50+ countries. Acronis Cyber Protect is available in 26 languages in 150 countries and is used by over 21,000 service providers to protect over 750,000 businesses. Learn more at www.acronis.com. | $250M | Private Equity | May 04, 2021 |  |
| Trax | Trax provides offers in-store execution tools, market measurement services, and data science solutions for retail.Its mission is to enable brands and retailers to harness digital technologies' power to produce the best shopping experiences imaginable. Trax’s retail platform allows customers to understand what is happening on a shelf, inevery store, all the time so they can focus on what they do best – delighting shoppers. Many of the world’s top CPG companies and retailers use Trax’s dynamic merchandising, in-store execution, shopper engagement, market measurement, analytics, and shelf monitoring solutions at scale to drive positive shopper experiences and unlock revenue opportunities at all points of sale. As a pioneer in computer vision, Trax continues to lead the industry in innovation and excellence through the development of advanced technologies and autonomous data collection methods. Trax is a global company with hubs in the United States, Singapore, and Israel, serving customers in more than 90 countries worldwide. | $640M | Series E | Apr 07, 2021 |  |

8 of 8 investments shown.

## Co-investors
- [BlackRock](https://shizune.co/investors/profile/blackrock) — VC Fund, 3 deals together
- [Fidelity](https://shizune.co/investors/profile/fidelity-investments) — VC Fund, 2 deals together
- Magnetar Capital — VC Fund, 2 deals together
- [SoftBank Vision Fund](https://shizune.co/investors/profile/softbank-vision-fund) — VC Fund, 2 deals together
- [Asas Capital](https://shizune.co/investors/profile/asas-capital) — VC Fund, 1 deal together
- [Beyond Capital](https://shizune.co/investors/profile/beyond-capital-ba3c) — VC Fund, 1 deal together

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## FAQ

### What does The Ultima Ventures invest in?

The Ultima Ventures invests primarily in Software, Artificial Intelligence and FinTech startups, most often at Secondary Market and Series E stage. Most of the 8 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did The Ultima Ventures last invest?

The most recent investment recorded for The Ultima Ventures closed in Nov 2024. Shizune tracks 8 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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