Doha, Qatar: Builders VC, a leading early-stage venture capital firm known for investing in transformative companies reshaping traditional industries, announced Monday the opening of its new office in Doha, Qatar. This expansion marks Builders VC's first presence in the Middle East and North Africa (MENA) region and is in partnership with Qatar Investment Authority (QIA), the State of Qatar's sovereign wealth fund.
This move highlights QIA's commitment to backing bold entrepreneurs and transformative technologies that align with Builders VC's mission to modernize critical industries such as healthcare, agriculture, real estate, and industrial systems, QIA said in a statement.
"The Doha office expands Builders VC's mandate of bridging innovation to forward-thinking global partners by serving as a collaborative launchpad for high-potential startups, promising local entrepreneurs, and progressive corporations. Selection of Doha as Builders VC's regional headquarters stems from Qatar's welcoming backdrop for tech founders and commitment to creating a world-leading technology hub," the statement said.
The office will be led by Partner and Head of the MENA Region Tarik Sultan. A seasoned investor with a proven track record, Sultan brings a wealth of experience in venture capital, ecosystem building, and a deep understanding of MENA's growing global importance for software, AI, cleantech, and healthcare. The firm will continue to expand its operational footprint in Doha through team growth and continuous engagement with local innovators, according to the statement.
QIA's inaugural Fund of Funds venture capital program was launched in 2024 with a primary focus on technology and healthcare. The initiative is intended to boost economic diversification, support local development, and bring global best practices and capabilities to Qatar, it added.
The Builders-QIA strategic partnership combines QIA's deep regional expertise and substantial resources with Builders VC's operational know-how and sector-driven investment strategy. Together, the collaboration aims to drive forward Qatar's National Vision 2030 by fueling the growth of a knowledge-based economy and fostering a sustainable, diversified technology ecosystem, QIA said in the statement.
