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Qatar plots a $1B pipeline to VCs
The Qatar sovereign wealth fund is launching a $1 billion fund of funds as it seeks to attract international VC funds and startups to Qatar and the wider Gulf Cooperation Council (GCC) region.
The program, according to QIA, seeks to attract international VC funds and startups to Qatar and the wider Gulf Cooperation Council (GCC) region, with a particular focus on the fintech, edtech, and healthcare sectors. Building a well-connected startup ecosystem network in Qatar is fundamental to diversifying the country’s economic base in the long term,” said QIA CEO Mansoor Ebrahim Al-Mahmoud in a statement. “QIA is launching this program to help ensure that innovative businesses can readily access capital and support from VC funds, enabling them to scale operations and expand market presence in Qatar, across the GCC, and ultimately onto the international stage.”
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