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Qatar Science & Technology Park (QSTP), the innovation hub within Qatar Foundation, has launched a $30 million Tech Venture Fund targeting early-stage deep tech startups headquartered in Qatar, alongside an inaugural cohort of co-investment partners that includes Global Ventures, Golden Gate Ventures, White Star Capital, VentureSouq and Builders VC.
QSTP will operate a co-investment model rather than leading rounds, investing alongside VC firms with sector expertise at pre-seed, seed and Series A follow-on stages. Portfolio companies must be headquartered in Qatar with core leadership and operations based locally.
The fund will focus on sectors where deep tech intersects with climate, health, education, agriculture, smart infrastructure and mobility, and requires startups to demonstrate measurable social or climate impact alongside commercial potential. Additional co-investment partners will be announced in the coming weeks.
The new fund follows QSTP's first vehicle, which deployed over $20 million across more than 150 startups including several of Qatar's earliest startup successes. The step up to $30 million with formalised VC co-investment partnerships reflects the broader institutional buildout of Qatar's venture ecosystem over the past 18 months.
QIA expanded its Fund of Funds programme from $1 billion to $3 billion at Web Summit Qatar in February, bringing in firms including Speedinvest, Greycroft, Ion Pacific, Liberty City Ventures and Shorooq, each establishing Doha offices.
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