Rasmal Ventures is Qatar's first independent venture capital firm, launched in June 2024 as the first fund in QIA's $1 billion fund-of-funds program. Targeting $100 million for its flagship Rasmal Innovation Fund I, the firm invests in high-growth startups across fintech, B2B SaaS, healthtech, logistics, and AI.
Led by Alexander Wiedmer and Angus Paterson (formerly of Iris Capital and STC Ventures — first VC investor in Careem, the Middle East's first unicorn), Rasmal brings 20+ years of VC experience and 10+ years in the GCC to Qatar's ecosystem.
Rasmal speaks to approximately 1,400 startups annually, making 4-5 investments per year. The firm partners with Sidra Medicine to drive digital health innovation, demonstrating Qatar's growing and maturing startup ecosystem.
Doha, Qatar
"Qatar's first independent VC — QIA-backed, Careem-pedigree team, investing in MENA's most promising founders."
Apply to the Apex Startup Discovery Program
Aligned with Rasmal Ventures's investment focus. Precondition: You must be an Apex Participant to submit. Registration is complimentary and includes 2 Golden Ads. This project is part of Apex Master Expos.
Apex Ecosystem with Golden Ads
"Who I Am · What I Want"
Complimentary for Apex Participants at myapex.me — includes 2 Golden Ads. Part of Apex Master Expos.
Apex is a living ecosystem — one of its kind. A decentralized, member-owned global business platform across 80+ countries where preferred venture partners such as Rasmal Ventures can explore early-stage innovation quietly and selectively, while founders showcase on their MySite and gain clarity on what long-term investors truly seek. No middleman. By members, for members.