Shorooq, a leading tech-focused, multi-strategy investment firm, has today unveiled its $200 million late-stage growth fund, supported by QIA and other partners, at Web Summit Qatar.
The fund, launched under the Qatalyst Series, is designed to back companies at a critical stage of growth—businesses with proven scale, solid fundamentals, and clear exit pathways, particularly via IPOs. With support from QIA and Shorooq’s growing network of sovereign and institutional partners across the GCC and Asia, the fund aims to formalise the region’s previously underdeveloped late-stage and pre-IPO ecosystem, making public-market readiness a repeatable process rather than a one-off event. As the GCC embarks on a new technology cycle, characterised by concentrated sovereign liquidity and a maturing scale-up landscape, the Qatalyst Series provides long-duration, sophisticated capital to help private companies transition into public market leaders.The launch marks a significant step in Shorooq’s evolution into a comprehensive investment platform.
In addition to its established early-stage venture capital and credit strategies, the firm can now support founders across the full capital stack—from initial conviction and scale-up financing to late-stage growth and pre-IPO execution—combining funding with hands-on value creation.
“This fund represents a natural progression for our platform and the way we partner with founders throughout their growth journey,” said Mahmoud Adi, Founding Partner, Shorooq.
“Through our venture capital vehicles, credit strategies, and now a dedicated late-stage growth fund, we are uniquely positioned to support companies across the entire venture capital spectrum—from early-stage conviction to late-stage scaling and public market preparation. QIA’s backing strengthens our commitment to deploying institutional capital in support of long-term, category-defining businesses.”
The fund will focus on investments in sectors where innovation, scale, and enduring structural demand converge, targeting businesses capable of regional and global leadership.
The announcement reinforces Shorooq’s strategy of building a sustainable, multi-asset investment platform that grows alongside founders through varying market cycles.
