How venture capital works in Qatar
Venture capital in Qatar runs through the Qatar Investment Authority's Fund of Funds. QIA expanded the programme to $3 billion on 1 February 2026 across 12 fund managers; partners are encouraged to have portfolio companies set up regional headquarters in Doha, and Qatar-based portfolio companies can draw on the programme's compute offering. The partner funds on the map are B Capital (Doha office at The Pearl), Builders VC and Human Capital (Doha offices announced February 2025), Deerfield Management (regional office in Doha and a healthcare startup accelerator run virtually and on the ground in Doha), Founders Circle Capital (Doha announced on 9 December 2025 as its MENA regional headquarters), Ion Pacific (investment staff based in Doha), Greycroft, Liberty City Ventures and Speedinvest (joined in February 2026 alongside Ion Pacific and Shorooq Partners). Alongside them stand Qatar's own vehicles: the QSTP Tech Venture Fund of Qatar Foundation, Rasmal Ventures (Qatar's first governed investment firm, backed by sovereign wealth funds including QIA), A-typical Ventures (QFC-domiciled, by Utopia, QIA and QDB backed), GrowthX Capital (founded by Snoonu's Hamad Al-Hajri), Golden Gate Ventures' USD 100 million MENA fund run from Tornado Tower, and Doha Venture Capital, the state-linked growth vehicle chaired by the Minister of Commerce and Industry.
How to pitch: nine of the sixteen Qatar venture funds take startup pitches through one door — the VC funding module on the Invest Qatar Gateway, where a free account lets founders submit to B Capital, Builders VC, Deerfield Management, Founders Circle Capital, Greycroft, Human Capital, Ion Pacific, Liberty City Ventures and Speedinvest. The Radical Fund accepts pitches through the same module and through the founders form on its own site. The Qatar-based funds have their own routes: the QSTP Tech Venture Fund and A-typical Ventures use application forms, Rasmal Ventures takes pitch decks on its contact page, and GrowthX Capital states a response within 10 working days to its e-mail. Golden Gate Ventures and Doha Venture Capital publish no application route. 13 of the 16 entries carry an Apply button on GulfPitch.
Stages and tickets: A-typical Ventures publishes the clearest ladder — Pre-Seed US$150k–350k, Seed US$350k–500k, Pre-Series A US$350k–750k. GrowthX Capital invests directly from pre-seed to Series A across the GCC and MENA from a $150M fund and also takes LP positions in venture funds (Rasmal Ventures among them). The QSTP Tech Venture Fund ($30M, after a first fund that deployed $20M+ across more than 150 startups) follows into Pre-Seed, Seed and Series A rounds but never leads — it requires an active lead or co-investor VC in the same round. Rasmal Ventures backs technology companies at Series A and B with selective pre-Series A. Speedinvest writes €250K–€5M from inception to seed and €5M–€30M from Series B to pre-IPO; Liberty City Ventures invests seed through Series C+; Founders Circle Capital ($1.6B+ under management) and Doha Venture Capital are growth-stage; B Capital ($12+ billion under management) and Deerfield Management (more than $16 billion) invest from early to late stage.
Sectors: healthcare has its own gravity in Doha — Deerfield Management (life science, medical devices, diagnostics, digital health) and B Capital (technology, healthcare, energy and resilience). Climate: The Radical Fund (climate adaptation and mitigation, Southeast Asian markets) and A-typical Ventures (ClimateTech among fintech, healthtech, e-commerce, logistics and mobility). Deep tech: the QSTP Tech Venture Fund lists AI and compute, robotics, biotech, advanced materials, CleanTech, aviation, mobility, mega-event and sports tech and the future of construction, with a required social or climate impact. Fintech and AI: GrowthX Capital (fintech, AI, e-commerce, robotics, payment infrastructure, logistics tech, q-commerce), Liberty City Ventures (blockchain for financial services, AI and data), Greycroft (AI and software, sustainability, consumer brands) and Speedinvest's specialist teams (AI and infra, climate and industrial tech, deep tech, fintech and DeFi, health and bio, marketplaces). Ion Pacific is different in kind: structured secondaries and special situations, liquidity for founders, GPs and LPs rather than primary rounds.
Who qualifies: the QSTP Tech Venture Fund is the most Qatar-bound — headquartered in Qatar with a core part of the operation, leadership and workforce based locally, measurable social or climate impact, and a lead investor already in the round. Rasmal Ventures and A-typical Ventures invest across MENA (A-typical also the Levant, Pakistan and Türkiye), GrowthX Capital across the GCC and MENA, Doha Venture Capital in growth-stage companies expanding regionally via a Qatar hub. The QIA Fund of Funds partners invest globally from their home offices in New York, San Francisco, Los Angeles and Vienna; the Doha presence is a regional headquarters or an announced office, and the pitch route is the Invest Qatar Gateway. The Radical Fund invests in founders building for Southeast Asia — Vietnam, Indonesia, the Philippines, Singapore, Thailand and Malaysia — from its documented Qatar presence.
In numbers: 16 VC funds & investors in Qatar, 13 taking applications; 2 state on their own websites that they take companies from abroad (November 2026).
Facts from each programme’s own website, checked October 2026. Amounts in the currency the programme publishes.
B Capital
Builders VC
Deerfield Management
Founders Circle Capital
Greycroft
GrowthX Capital
Human Capital
Ion Pacific
Liberty City Ventures
QSTP Tech Venture Fund
Rasmal Ventures
Speedinvest
The Radical Fund
A-typical Ventures
Doha Venture Capital
Golden Gate Ventures
Questions founders ask about VC funds in Qatar
How do I pitch the QIA Fund of Funds partners?
Through the VC funding module on the Invest Qatar Gateway: a free account lets a startup submit its pitch to B Capital, Builders VC, Deerfield Management, Founders Circle Capital, Greycroft, Human Capital, Ion Pacific, Liberty City Ventures and Speedinvest. The Radical Fund is reachable the same way. Each of these funds carries an Apply button on GulfPitch that opens the Gateway module.
Which VC funds are actually based in Doha?
Rasmal Ventures, A-typical Ventures (QFC-domiciled), GrowthX Capital (Doha headquarters), Golden Gate Ventures (Tornado Tower, West Bay), the QSTP Tech Venture Fund (Qatar Science & Technology Park), Doha Venture Capital and B Capital (office at The Pearl). Ion Pacific lists investment staff based in Doha. Builders VC, Human Capital, Deerfield Management and Founders Circle Capital have announced Doha offices; the map notes where an opening is not yet confirmed. Greycroft, Liberty City Ventures and Speedinvest have no Doha office.
Which Qatar VC funds invest at pre-seed and seed?
A-typical Ventures (Pre-Seed US$150k–350k, Seed US$350k–500k, Pre-Series A US$350k–750k), GrowthX Capital (pre-seed to Series A, direct), the QSTP Tech Venture Fund (Pre-Seed, Seed and Series A follow-ons, only alongside a lead investor), Speedinvest (inception to seed €250K–€5M), Liberty City Ventures (seed through Series C+), Builders VC (early stage) and The Radical Fund (early-stage climate resilience).
How much do Qatar VC funds invest per deal?
Published ranges: A-typical Ventures US$150k–350k at pre-seed, US$350k–500k at seed and US$350k–750k at pre-Series A; Speedinvest €250K–€5M from inception to seed and €5M–€30M from Series B to pre-IPO. The QSTP Tech Venture Fund sets its cheque case by case from capital needs, lead-investor terms and strategic fit out of a $30M fund. GrowthX Capital ($150M fund), Rasmal Ventures, the QIA Fund of Funds partners and Golden Gate Ventures (USD 100 million MENA fund) publish no ticket size.
Does my startup need to be in Qatar?
For the QSTP Tech Venture Fund, yes — headquartered in Qatar with a core part of the operation, leadership and workforce based locally. For the others, no: Rasmal Ventures, A-typical Ventures and GrowthX Capital invest across MENA and the GCC, and the QIA Fund of Funds partners invest globally. QIA does encourage partners to have portfolio companies set up regional headquarters in Doha, and Qatar-based portfolio companies can use the programme's compute offering.
What is the QSTP Tech Venture Fund and how does it co-invest?
A $30M deep-tech fund of Qatar Science & Technology Park (Qatar Foundation) that invests only alongside a lead or co-investor VC — it does not lead rounds. Its co-investment partners named on the map include MEVP, Builders VC, VentureSouq, Plus VC, Global Ventures, White Star Capital, Golden Gate Ventures, A-typical Ventures and The Utopia Studio. Startups apply through QSTP's form with no stated deadline and get access to Qatar Foundation's research institutions, corporate partnerships and the QSTP free zone.
Which Qatar VC funds focus on healthcare?
Deerfield Management (more than $16 billion under management; life science, medical devices, diagnostics, digital health and health services; a healthcare startup accelerator run virtually and on the ground in Doha), B Capital (healthcare among technology and energy), Speedinvest's Health & Bio team, Builders VC (life sciences and healthcare among its sectors) and A-typical Ventures (HealthTech). The QSTP Tech Venture Fund lists biotech, life sciences and HealthTech.
Which Qatar funds invest in fintech, AI or blockchain?
GrowthX Capital (fintech, AI, payment infrastructure, q-commerce; direct investments include Snoonu and GRO Solutions), Liberty City Ventures (blockchain for financial services, AI and data, infrastructure), Greycroft (AI and software), Speedinvest (Fintech & DeFi, AI & Infra), A-typical Ventures (FinTech) and the QSTP Tech Venture Fund (AI and compute). Rasmal Ventures backs technology companies broadly at Series A and B.
Who are the Qatari-owned or Qatar-backed funds?
Rasmal Ventures (trusted by sovereign wealth funds including QIA), A-typical Ventures (by Utopia, QIA and QDB backed, QFC-domiciled), the QSTP Tech Venture Fund (Qatar Foundation), GrowthX Capital (founded by Snoonu's founder Hamad Al-Hajri) and Doha Venture Capital (chaired by the Minister of Commerce and Industry, with QIA's CEO as Vice Chairman; no application route or portfolio published).
VC funds & investors elsewhere in the Gulf
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