Rasmal Ventures LLC is the first independent Qatari venture capital company, established under the jurisdiction of the Qatar Financial Center. Led by a team of seasoned venture capital experts, Rasmal Ventures aims to become an active player in the Middle East and North Africa region’s burgeoning startup and innovation ecosystem. Its first fund, The Rasmal Innovation Fund I is being launched with the support of key Qatari private investors and institutions. The team is working with QFCRA to incorporate the fund, and a first closing is expected to be announced in Q4 2023. Rasmal Ventures aims to raise a fund of $100 million, which will make up to 25 equity investments in Qatari start-ups and scale-ups offering outstanding growth potential as well as MENA and selective international technology investment opportunities at Pre-Series A, Series A, Series B stages. Rasmal Ventures aims to target high performing startups in fast-growing technology sectors. The fund will have a generalist tech approach across all sectors, but will also specialize in verticals such as climate tech and energy tech, supply chain logistics, fintech, B2B SaaS Software and Artificial Intelligence. It has identified these sectors as strategic to Qatar and offering tremendous growth potential in the region.
Mentions in press and media 11
| Date | Title | Description |
| 23.12.2025 | Roamless: $12 Million Series A Closed To Build Global Mobile Operator For Travelers | Roamless announced it has raised a $12 million Series A round as it works to build what it describes as the world’s first “truly global” mobile operator, aiming to simplify how travelers stay connected across borders. The round was led by R... |
| 20.12.2025 | Roamless Secures $12M to Redefine Global Connectivity | Roamless, the innovative global eSIM provider, recently closed a $12 million Series A funding round. This significant investment, led by Rasmal Ventures, brings its total funding to $18 million. The capital fuels an ambitious expansion. Roa... |
| 17.12.2025 | Roamless Raises $12M in Series A Funding | Roamless, a Wilmington, DE-based provider of a travel connectivity app and mobile operator, raised $12M in Series A funding. The round was led by Rasmal Ventures with participation from Shorooq, Revo Capital, Finberg and JIMCO, bringing the... |
| 17.12.2025 | Roamless raises $12M to expand its global eSIM connectivity platform | Global connectivity provider Roamless has closed a $12 million Series A funding round led by Rasmal Ventures, with participation from Shorooq, Revo Capital, Finberg, and JIMCO. The new capital brings Roamless' total funding to $18 million, ... |
| 27.02.2025 | QNB Group Strengthens Innovation and Fintech Ecosystem with Strategic MoUs at Web Summit Qatar 2025 | DOHA, Qatar, Feb. 27, 2025 /PRNewswire/ -- As the second edition of Web Summit Qatar 2025 concludes, QNB Group, the largest financial institution in the Middle East and Africa, reaffirms its commitment to driving innovation and fostering fi... |
| 27.02.2025 | Qatar attracts VC fund managers to Doha with its $1 billion ‘fund of funds’ | Qatar Investment Authority’s $1-billion fund of funds has accepted its first group of venture capital fund managers. Raj Ganguly, co-CEO of B Capital, hailed the Gulf state’s approach to artificial intelligence, and its support for the sect... |
| 19.02.2025 | Qatar's Venture Capital Landscape Transformed by QIA's Investment in Rasmal Ventures | In the heart of the Middle East, a financial revolution is brewing. Qatar, a nation known for its wealth and ambition, is taking bold steps to cultivate a vibrant startup ecosystem. The recent investment by the Qatar Investment Authority (Q... |
| 14.02.2025 | QIA invests in Rasmal Ventures to launch its $1 Bn fund of funds | Established in 2023, Rasmal Ventures LLC is the first independent venture capital (VC) firm in Qatar. Today, the company announced that QIA has provided funding through its Fund of Funds program. The money goes to Rasmal Venture’s first in-... |
| 13.02.2025 | QIA Selects Rasmal Ventures Innovation Fund I As Part Of $1 Billion Fund Of Funds Program | Rasmal Ventures, which is Qatar’s first independent venture capital (VC) company that was established in 2023, announced funding from QIA as part of its Fund of Funds program. This funding is received into Rasmal Venture’s inaugural and hom... |
| 04.02.2025 | TeamSec's Bold Leap: $7.6 Million to Transform Securitization in MENA | TeamSec, a rising star in the fintech universe, has just secured $7.6 million in funding. This Dubai-based company is not just another player in the crowded financial technology space. It claims to be the world’s first AI-powered securitiza... |
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