• UAE-based investment firm Shorooq has launched a $200 million late-stage growth fund under its Qatalyst Series, backed by Qatar Investment Authority and other sovereign and institutional investors. Web Summit Qatar hosted the announcement.
• Founded in 2017, Shorooq is a multi-strategy investment firm engineered around technology. Our strategies span venture capital, credit, private equity, and real assets.
• The new fund targets late-stage and pre-IPO companies with proven scale, strong fundamentals, and clear exit pathways, particularly through public listings. It is designed to address a long-standing gap in the region’s capital markets: consistent, institutional late-stage funding.
• The fund will invest across sectors where innovation, scale, and structural demand intersect, backing companies with the potential for regional and global leadership as the GCC enters a new technology and liquidity cycle.

Press release:

Shorooq, a leading tech-focused multi-strategy investment firm, today announced the launch of its $200 million late-stage growth fund, backed by QIA among others, at Web Summit Qatar.

The Fund—launching under the Qatalyst Series—is built to support companies at a pivotal stage of maturity: businesses with proven scale, strong fundamentals, and clear pathways to exit, particularly through the IPO route. Backed by QIA and supported by Shorooq’s expanding roster of sovereign and institutional partners across the GCC and Asia, the fund is designed to institutionalise the region’s missing late-stage and pre-IPO engine—making public-market readiness a repeatable pathway rather than an episodic outcome. As the GCC enters a new technology cycle—marked by concentrated sovereign liquidity and a maturing cohort of scale-ups—Shorooq, via the Qatalyst Series, brings the sophisticated, long-duration capital needed to help private champions become public leaders.

The launch further strengthens Shorooq’s evolution into a full-stack investment platform. Alongside its established early-stage venture capital vehicles and credit strategies, Shorooq can now support founders across the capital stack—from early conviction and scale-up financing through to late-stage growth and pre-IPO execution—pairing capital with hands-on value creation.

“This Fund represents a natural evolution of our platform and how we partner with founders across their full growth journey,” said Mahmoud Adi, Founding Partner, Shorooq. “With 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 stack—from early conviction to late-stage scale and public market readiness. QIA’s backing reinforces our commitment to deploying institutional capital in support of enduring, category-defining companies.”

The fund will target investments across sectors where innovation, scale, and long-term structural demand intersect, focusing on businesses capable of regional and global leadership. The announcement underscores Shorooq’s strategy of building a durable, multi-asset investment platform designed to scale with founders through market cycles.