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FTA-Approved Tax AgencyReg. No. 30022628

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Qatar Investment Authority — Fund of Funds

Doha, QatarFund of Funds

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Location

Doha, Qatar

Investment stages

Series B+Growth

Fund type

Fund of Funds

Check size

$3B program; deal size not public

About

QIA's Fund of Funds is a $1 billion program (part of a broader $3 billion VC commitment announced in February 2024) that invests in regional and international VC managers as a catalyst for Qatar's venture ecosystem, requiring anchored managers to open a Doha office; it also makes targeted direct co-investments. By December 2025 it had backed seven VC managers — B Capital, Builders VC, Deerfield, Human Capital, Rasmal Ventures, Utopia Capital Management and Founders Circle Capital — deploying over $500 million to date.

Founded
GCC relevance
Core GCC
How to reach out
Fund managers only / qatarfofinbox@qia.qa

Recent activity: Founders Circle Capital joined the Fund of Funds program as its seventh VC manager and will open its MENA headquarters in Doha, announced December 9, 2025. · source

Sector focus

Healthtech

Notable portfolio

B CapitalBuilders VCDeerfieldHuman CapitalRasmal VenturesUtopia Capital ManagementFounders Circle Capital

Key people

Mohammed Saif Al-Sowaidi

Chief Executive Officer, QIA

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