Qatar Investment Authority (QIA) has initiated its $1 billion Fund of Funds program by investing in Rasmal Ventures LLC, Qatar’s first independent venture capital firm. This funding supports Rasmal’s inaugural fund, Rasmal Innovation Fund I LLC, which aims to raise $100 million to invest in high-performance startups across sectors like fintech, B2B SaaS, healthtech, and AI. Launched in June 2024, Rasmal has already secured $30 million from various investors. Co-Managing Partner Alexander Wiedmer emphasizes their commitment to fostering innovation and supporting exceptional founders in the MENA region’s VC landscape.