Golden Gate Ventures Launches $100M MENA Fund
The fund received $20 million in commitments from Qatari investors.
Singapore-based venture capital firm Golden Gate Ventures unveiled a $100 million fund focused on the Middle East and North Africa (MENA). The fund received $20 million in commitments from Qatari investors.[1]
Among the key backers of the fund are entities including Al Khor Holding, Al Attiya Group, and Sheikh Jassim Bin Jabor Al Thani, indicating support from within Qatar. Notably, this marks the establishment of the first international VC fund to be both established and managed within Qatar.
The fund's investment focuses on innovation across various sectors, including alternative energy, green technology, business-to-business (B2B) artificial intelligence (AI), and energy-related deep tech. Additionally, it aims to foster growth in fintech, health tech, and edtech sectors.
Golden Gate Ventures opened an office in Saudi Arabia in December 2023 as part of their plan to expand throughout the Middle East. This year the company announced that Michael Lints, Partner at the firm, has relocated to Qatar.
Golden Gate Ventures is an international early-stage venture capital business that was founded in 2011 and has investments on three continents.