Shorooq, a leading tech-focused, multi-strategy investment firm, today announced the launch of its $200 million late-stage growth fund under the Qatalyst Series, backed by Qatar Investment Authority alongside a group of sovereign and institutional partners from the GCC and Asia. The announcement was made on the sidelines of Web Summit Qatar.
The fund is purpose-built to support companies at a critical inflection point—businesses with proven scale, strong unit economics, and clear pathways to exit, particularly through the IPO route. By bringing long-duration, institutional capital to late-stage and pre-IPO opportunities, the Qatalyst Series is designed to address a longstanding gap in the region’s venture ecosystem and make public-market readiness a repeatable pathway rather than an episodic outcome.
As the GCC enters a new phase of technological development—characterised by concentrated sovereign liquidity and a maturing generation of scale-ups—Shorooq aims to provide the sophisticated capital and execution support required to help private champions transition into public-market leaders.
The launch further reinforces Shorooq’s evolution into a full-stack investment platform. Alongside its established early-stage venture capital vehicles and credit strategies, the firm can now support founders across the entire 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 at 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 focus on sectors where innovation, scale, and long-term structural demand converge, targeting businesses with the potential for regional and global leadership. The announcement underscores Shorooq’s strategy of building a durable, multi-asset investment platform designed to scale alongside founders across market cycles.
