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.