Rasmal Ventures Secures Funding from Qatar Investment Authority

Doha, Qatar – Rasmal Ventures, recognized as Qatar's inaugural independent venture capital fund manager, has announced a significant investment from the Qatar Investment Authority (QIA). This funding is part of QIA's Holding Fund Program, designed to enhance innovation within Qatar and support both local and regional entrepreneurs.

Launch of Rasma; Innovation Fund 1

The investment will bolster Rasmal Ventures' first fund, the Rasmal Innovation Fund 1. This fund is dedicated to high-performing startups and focuses on innovative technology sectors such as financial technology, enterprise business services software, health technology, and artificial intelligence.

Pioneering Venture Capital in Qatar

As the first private venture capital fund in Qatar, Rasmal Ventures has established strong partnerships with leading Qatari institutions. The fund is managed by a team of experts with extensive experience in venture capital, having overseen more than 100 deals and successfully managed numerous investment exits.

Strategic Investment Focus

Rasmal Innovation Fund 1 targets investments in innovative and high-performing startups and technology companies across Qatar, the Middle East and North Africa region, and various countries worldwide. The fund will explore all technology sectors, with a strategic focus on fintech, logistics supply chain, health tech, B2B software, and artificial intelligence.

Alignment with National Development Goals

The launch of the fund aligns with Qatar's third national development strategy, aiming to contribute to the establishment of a thriving technological ecosystem by providing access to a range of investment and financing opportunities.

QIA's Holding Fund Program

The Qatar Investment Authority's Holding Fund Program aims to develop a robust startup and venture capital ecosystem in Qatar, attract venture capital funds and entrepreneurs to the region, and help bridge the current funding gap for both local and regional entrepreneurs. The program will invest over $1 billion in global and regional venture capital funds, focusing on the technology and healthcare sectors. Its mission is twofold: to achieve favorable financial returns and to positively impact the venture capital ecosystem in Qatar.