Abu Dhabi–based investment firm Shorooq Partners has launched a $200 million growth fund to support technology companies in the Gulf and other regions as they get ready to go public.
The fund was announced at Web Summit Qatar in Doha and is part of Shorooq’s “Qatalyst Series.” It will invest in companies that are already growing well, have strong business foundations, and show a clear path to an exit, especially through IPOs.
Shorooq said the fund is backed by the Qatar Investment Authority, as well as other sovereign and institutional investors from the Gulf and Asia.
The firm added that the fund comes at a time when Gulf markets are entering a new tech phase, supported by strong government-backed capital and more mature private companies. Shorooq plans to offer long-term funding and hands-on support to help these companies become successful public-market leaders.
“This fund represents a natural evolution of our platform and how we partner with founders across their full growth journey,” said Mahmoud Adi, Shorooq’s founding partner.
The fund will invest across sectors where innovation, scale, and long-term structural demand intersect, targeting businesses capable of achieving regional and global leadership, Shorooq said.
Founded in 2017, the firm invests in startups and growing companies across areas like venture capital, credit, private equity, and real assets. It mainly focuses on technology-driven businesses in the MENA region and Asia.
“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,” Adi said.
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