Shorooq, a tech-focused multi-strategy investment firm, has launched a US$200 million late-stage growth fund, backed by QIA and other investors, at Web Summit Qatar.

The fund, part of the Qatalyst Series, targets companies with proven scale, solid fundamentals, and clear exit plans, particularly via IPO.

Backed by QIA and supported by Shorooq’s network of sovereign and institutional partners across the GCC and Asia, the fund seeks to establish a more structured approach to late-stage and pre-IPO financing in the region.

Shorooq intends for the Qatalyst Series to provide the long-term capital required to help private companies prepare for public markets.

The launch marks a further step in Shorooq’s development into a full-stack investment platform.

In addition to its early-stage venture capital vehicles and credit strategies, the firm can now support founders throughout the capital lifecycle, from early-stage financing to late-stage growth and pre-IPO readiness.

“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.”

The fund will focus on sectors where innovation, scale, and long-term structural demand intersect, prioritising businesses capable of regional and global leadership.

Featured image credit: Shorooq