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Shorooq, the multi-strategy technology-focused investment firm, has announced the launch of a $200 million late-stage growth fund, backed by the Qatar Investment Authority (QIA) alongside other investors, during its participation at Web Summit Qatar.

The new fund is part of Shorooq’s Qatalyst series and is designed to support companies that have reached a critical stage of maturity. These include businesses with proven growth trajectories, strong operational fundamentals, and clear exit pathways—particularly through initial public offerings (IPOs).

Supported by QIA and leveraging Shorooq’s expanding network of sovereign and institutional partners across the Gulf Cooperation Council (GCC) and Asia, the fund aims to address a structural funding gap in the region’s ecosystem related to late-stage and pre-IPO financing. Its objective is to transform readiness for public markets from a rare milestone into a repeatable and systematic pathway.

As GCC markets enter a new technology cycle characterized by concentrated sovereign liquidity and a growing pipeline of scalable companies, the Qatalyst series seeks to deploy long-term, sophisticated capital capable of enabling private companies to evolve into publicly listed market leaders.

The launch further strengthens Shorooq’s evolution into a fully integrated investment platform. Alongside its established early-stage venture capital and credit strategies, Shorooq can now support founders across the entire capital structure—from early funding and expansion to late-stage growth and pre-IPO execution—combining capital deployment with active value creation.

Mahmoud Adi, Co-Founder of Shorooq, said:
“This fund represents a natural evolution of our investment platform and our partnership with founders throughout their full growth journey. With venture capital, credit strategies, and now a dedicated late-stage growth fund, we are uniquely positioned to support companies from early conviction through advanced scaling and public market readiness. The support of the Qatar Investment Authority reflects our shared belief in deploying institutional capital to back resilient companies capable of redefining their industries.”

The fund will focus on sectors where innovation intersects with scalability and long-term structural demand, targeting companies positioned for regional and global leadership. The announcement reinforces Shorooq’s strategy of building a multi-asset, sustainable investment platform that grows alongside founders across market cycles.