TLDR:
- Rasmal Ventures, a Doha-based VC firm, has launched a $100 million debut fund focused on investing in startups in Qatar, the Middle East, North Africa, and globally.
- The fund has already raised over $30 million in its first close with institutional investors, family offices, and high net-worth individuals participating.
Qatar’s Rasmal Ventures has announced the launch of its debut $100 million fund, Rasmal Innovation Fund I, aimed at investing in startups in the region and globally. The fund has already hit a first close with over $30 million raised from various institutions, family offices, and high net-worth individuals. While the names of investors were not disclosed, the fund is said to be sector-agnostic, with particular interests in supply chain logistics, climate-tech, fintech, B2B SaaS, and AI. The team behind Rasmal Ventures includes experienced professionals from the venture capital industry, boasting a combined 20 years of experience. The launch of Rasmal Ventures comes on the heels of Singapore-based Golden Gate Ventures’ expansion into Qatar with a $100 million fund of its own. With a focus on pre-series A and series A stage startups, Rasmal Ventures is poised to make a significant impact on the startup ecosystem in the region.
