QIA launches Fund of Funds to invest over $1b in VCs

QIA launches Fund of Funds to invest over $1b in VCs

Skyscrapers of the State of Qatar. Photo by Masarath Alkhaili / Unsplash.com

Qatar’s sovereign wealth fund on Monday said it would invest over $1 billion in international and regional capital funds as part of a strategy to develop the venture capital and startup sector in the gas-rich Gulf state and neighbouring states.