Crescent Enterprises Commits $68 Million to Scale CE-Creates

UAE-based investment company Crescent Enterprises announced a $68 million investment programme to scale CE-Creates, its venture-building platform designed to develop high-growth startups from the UAE into internationally competitive businesses. CE-Creates operates as a sector-agnostic venture studio, combining staged investment with hands-on operational support and ecosystem access. The studio has already incubated ventures such as Kava & Chai (specialty coffee), ION (sustainable mobility), and BreakBread (digital food experiences).  Alongside the funding announcement, Crescent Enterprises appointed Rakhil Fernando as Head of CE-Creates. With prior experience leading fintech and e-commerce platforms, Fernando will focus on scaling portfolio companies globally.