Qatar Investment Authority partners with Qatar Development Bank to provide AI compute power to startups in Fund of Funds portfolio while investing in five global venture capital funds

Qatar is ramping up its investment in the global startup scene.

The Qatar Investment Authority (QIA) has announced that its Fund of Funds is expanding its reach by investing in five new venture capital funds.

This move marks another step in Qatar’s mission to strengthen its presence in innovative sectors like AI, fintech, blockchain, and infrastructure.

$3 Billion Commitment to Fuel Innovation

The Fund of Funds program is getting a significant boost with an additional $2 billion, bringing the total capital commitment to $3 billion.

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This expansion demonstrates Qatar’s commitment to supporting venture capital growth both regionally and internationally, while helping promising startups gain the resources they need to scale.

Spotlight on the Five New Funds

The five funds joining QIA’s program each bring expertise in different high-growth areas:

• Greycroft – Known for its broad tech investments.
• Ion Pacific – Focused on innovative Asian tech ventures.
• Liberty City Ventures – Specializes in early-stage startups in emerging markets.
• Shorooq – Concentrates on MENA-region tech startups.
• Speedinvest – Invests in fintech, AI, and blockchain companies across Europe.

These selections highlight Qatar’s strategy to diversify its portfolio across cutting-edge sectors and regions.

A Boost from Qatar’s AI Capabilities

In addition to funding, QIA and Qatar Development Bank (QDB) are joining forces to provide startups with compute power from Qatar’s AI company, Qai.

This initiative will allow portfolio companies and participating startups based in Qatar to access advanced AI infrastructure, giving them the tools to develop innovative solutions more efficiently.

Building Qatar’s Venture Capital Ecosystem

Since its inception, the Fund of Funds program has already committed over $1 billion to various regional and international venture capital firms.

Today, it supports 12 fund managers, making a tangible contribution to the growth of Qatar’s venture capital landscape.

Looking Ahead

With the latest expansion and strategic partnerships, QIA’s Fund of Funds program is set to accelerate Qatar’s position as a hub for innovation and venture capital investment, paving the way for more startups to thrive on both a local and global scale.