The Qatar Investment Authority said it plans to invest in five new venture capital funds as part of an expanded $3 billion venture capital programme. The funds are Greycroft, Ion Pacific, Liberty City Ventures, Shorooq, and Speedinvest, all of which are establishing offices in Doha, QIA said in a statement.
The move follows remarks made on Sunday by Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani at the opening of Web Summit Qatar, where he announced plans to expand the country’s “Fund of Funds” initiative from $1 billion to as much as $3 billion. The programme was launched in 2024 to attract international venture capital firms, strengthen the local startup ecosystem, and diversify the economy away from fossil fuel revenues.
QIA said the expanded mandate would allow for investments across a broader range of stages, including later-stage rounds beyond Series A and B, while continuing to support early-stage founders through partnerships with global fund managers.
The funds joining Qatar’s expanded programme
Greycroft is a multi-stage, multi-strategy venture capital firm that partners with founders building category-defining companies across software, sustainability, and consumer brands. Founded in 2006, the firm manages more than $4 billion in assets and has made over 400 investments globally.
Ion Pacific is a venture capital structured secondaries and special-situations manager with approximately $700 million under management. The firm focuses on liquidity solutions across the VC ecosystem, providing tailored structures for founders, general partners, and limited partners. Ion Pacific operates across Los Angeles, New York, Zurich, Doha, and Hong Kong.
Liberty City Ventures is a venture capital fund and incubator managing $2.4 billion in assets, investing from seed through Series C and beyond. The firm focuses on companies building and deploying blockchain technologies, with particular emphasis on financial services, AI and data, and core infrastructure.
Shorooq is a GCC-based, tech-focused multi-strategy investment firm operating across venture capital, credit, private equity, and real assets. The firm invests across the capital stack in companies reshaping sectors such as fintech, software, AI, industrials, and infrastructure.
Speedinvest, a Europe-based venture capital firm, manages more than €1.2 billion in assets and operates six offices across EMEA. The firm backs founders from pre-seed through growth, with a strong focus on fintech and fintech-enabled business models. Its portfolio includes companies such as Moove, FairMoney, Khazna, Abhi, and UAE-based SME lender Flow48.
Commenting on Speedinvest’s participation, Oliver Holle, CEO and Managing Partner, said the firm would deploy long-term, sector-focused capital alongside QIA.
“We are committed for the long haul and eager to deploy patient, sector-focused capital, backing fintech and fintech-enabled business models, and working with QIA to build stronger links between Europe, Qatar, and the wider Middle East ecosystem,” Holle said.
The latest commitments build on earlier investments under the Fund of Funds programme, which has already attracted firms such as Builders VC, Utopia Capital Management, B Capital, Deerfield, and Human Capital to establish a presence in Doha.
QIA manages approximately $580 billion in assets, according to Global SWF, and has been increasing its exposure to venture capital and technology investing as part of Qatar’s long-term economic strategy.
