Golden Gate Ventures has established a 100 million fund for the MENA region

Singapore-based venture capital (VC) fund Golden Gate Ventures has launched its first $100 million MENA fund with a $20 million investment from Qatari investors. The fund plans to enter the MENA region.
According to a statement from Golden Gate Ventures, the fund's leading investors include Al Khor Holding, Al Attiya Group and Sheikh Jassim Bin Jabor Al Thani.
It is the first international VC fund to be established and managed within Qatar.
It will focus on empowering startups in sectors such as alternative energy, green technology, business-to-business (B2B) artificial intelligence (AI), and energy-related deep technology. Other sectors to be covered by the fund include fintech, health technologies and edtech.
"We aim to support entrepreneurs, attract talent, create jobs and attract foreign direct investment," said Hussain Abdulla, senior adviser at Golden Gate Ventures on the fund's benefits to the Qatari economy.
Amid plans to strengthen its MENA presence and deepen Qatari ties, Golden Gate Ventures partner Michael Lintz has moved to Qatar.
A representative of Al Khor Holding said that the fund will provide significant benefits for Qatar's socio-economic landscape. "By facilitating the emergence of innovative solutions, creating employment opportunities and supporting the national development agenda, we contribute to the realization of Qatar's vision for 2030."