Kuwait Investment Authority Stands to Lose Hundreds of Millions in Silicon Valley Startup Prysm
Posted on 09/03/2020
Gulf-based sovereign wealth funds have been investing directly into Silicon Valley startups for quite some time, according to SWFI data. The Kuwait Investment Authority (KIA) has struggled investing in wearables such as Jawbone, where KIA could have lost more than US$ 100 million on the deal. The KIA, which is under pressure for low oil […]
