Six venture capital firms, including Singapore- and US-based B Capital, are set to establish regional headquarters in Qatar as part of the Qatar Investment Authority‘s (QIA) $1-billion Fund of Funds (FoF) programme.

The development was announced by Qatar’s Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al Thani at Web Summit Qatar 2025, coinciding with the first anniversary of the programme’s launch.

B Capital, a tech-focused multi-stage investor, and Deerfield, a healthcare investment firm, recently joined Rasmal Ventures, UTOPIA, Builders VC, and Human Capital as the first investment firms under the initiative.

“Each of them will open offices or their regional headquarters in Qatar, so that all of the MENA region can benefit from their expertise and investments,” Al Thani said.

QIA’s FoF programme, launched in February 2024, aims to invest over $1 billion in both international and regional venture capital funds. The programme places a priority focus on the tech and healthcare sectors.

The FoF aims to attract leading venture capital funds and entrepreneurs to Qatar, developing a strong startup and venture capital ecosystem to spur investment, growth, and innovation across the country and help close the current funding gap for local and regional entrepreneurs.

Al Thani said QIA had fulfilled its commitment to set up the $1-billion FoF programme and had so far selected six global investment entities to deploy capital internationally, regionally, and locally.

According to QIA chief executive officer Mohammed Saif Al-Sowaidi, the FoF programme was designed to generate strong financial returns while fostering connections between startups in Qatar, the broader region, and the global venture capital ecosystem.

He emphasized Qatar’s growing appeal as an investment hub, highlighting the participation of six leading investment firms that are expected to enhance the local VC landscape and support high-potential startups in the country.