Emirati Investment Firm Shorooq Launches $200M Late-Stage Growth Fund

Tech-focused multi-strategy investment firm Shorooq has announced the launch of a $200 million late-stage growth fund under its Qatalyst Series, targeting scale-ups with strong fundamentals and clear routes to initial public offerings.

The announcement was made during Web Summit Qatar in Doha. The fund is backed by Qatar Investment Authority, alongside other regional and international institutional partners.

According to Shorooq, the Qatalyst fund is intended to address what it describes as a structural gap in the region’s capital markets: the lack of consistent late-stage and pre-IPO financing. The firm said the vehicle is designed to make public-market readiness a repeatable outcome for high-performing companies, rather than an occasional milestone.

The fund launch reflects Shorooq’s broader strategy to operate as a full-stack investment platform. Alongside its early-stage venture capital vehicles and credit strategies, the addition of a late-stage growth fund enables the firm to support founders across the full capital lifecycle, from early conviction through scale-up and into pre-IPO execution.

Shorooq framed the timing of the fund within a GCC technology cycle characterised by concentrated sovereign liquidity and a growing pipeline of maturing technology companies. The Qatalyst Series will focus on businesses operating at the intersection of innovation, scale and long-term structural demand, with ambitions for regional leadership and global expansion.

The firm said the fund will deploy long-duration capital and work closely with founders as they transition toward public markets, with an emphasis on institutional discipline, governance and scalability supported by sovereign and institutional investors from the GCC and Asia.