investors hope that money will help them maintain the pace of fundraising and the supersized funds they grew accustomed to during the bull market. Rising oil prices mean the Middle East’s sovereign wealth funds have more than $3 trillion at their disposal, according to sovereign wealth fund tracker Global SWF. 28 Share Price 67. fund managers, the wealthy Persian Gulf investors seem like the perfect antidote. 'By addressing the huge market demand for cloud-based video conferencing, Zoom is seizing a leadership position and filling the void created by the industry's fading legacy providers,' said Eric S. pensions and endowments that back venture funds have found themselves overexposed to private equity and venture capital investments as equities tanked, giving those limited partners far less ammo to invest in new VC funds. Zoom had previously raised a total of 45.5 million from Emergence Capital, Horizons Ventures, AME Cloud Ventures, Qualcomm Ventures, and others. They’ve been suffering through a far more challenging fundraising environment than in recent years. venture capitalists who showed up from Palo Alto, Manhattan and other locales may have had a whiff of desperation about them. They were attending a reception hosted by Mubadala Investment Company, a $284 billion wealth fund run by the government of Abu Dhabi in the United Arab Emirates that’s plowed billions into SoftBank’s Vision Fund, among other startup backers. Zoom Video Communications is a privately held company headquartered in Santa Clara, California. That may explain the horde of tech investors who piled into the Four Seasons Hotel in Abu Dhabi’s Al Maryah Island on the evening of Nov. At Zoom Video Communications, our mission is to develop a people-centric cloud service that unifies your meeting experience and improves the quality and effectiveness of communications forever. Eight thousand miles is a long way to go for a networking event, but desperate times call for desperate measures.
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