The Qatar Investment Authority (QIA) is launching a $1 billion venture capital fund of funds for international and regional venture capital funds, the sovereign wealth fund announced on Monday at the Web Summit. The program, according to QIA, seeks to attract international VC funds and startups to Qatar and the wider Gulf Cooperation Council (GCC) region, with a particular focus on the fintech, edtech, and healthcare sectors. Similar to typical fund-of-funds structures, QIA’s initiative will invest indirectly through other VC funds but also make targeted co-investments with participating funds.
QIA to launch new venture capital program to support local and regional entrepreneurs menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.